A 20-acre private island, a single bridge in and out, and CMC Group's final standalone development on Grove Isle — Vita is the move for Miami's most discreet luxury buyer in 2026.
Key Takeaways
- Vita is the last standalone tower on Grove Isle, a 20-acre private island in Biscayne Bay accessible only by a single guarded bridge from Coconut Grove.
- CMC Group's pricing positions Vita at the top of the Coconut Grove market — roughly $2,200-$3,000 per square foot — with buyer screening that resembles a private club more than a typical condo sale.
- Less than 65 total residences, and the developer is intentionally limiting the buyer pool to long-term primary and secondary-home owners rather than short-term investors.
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There are tower projects in Miami where the developer publishes a pricing sheet, opens a sales gallery, and lets the buyers come in.
And then there's Grove Isle.
Vita at Grove Isle is one of the most quietly important pre-construction projects in Miami in 2026, and yet it doesn't show up on most public Miami condo searches. It's not because the marketing isn't there. It's because CMC Group — Ugo Colombo's firm, the developer who built Brickell Flatiron and Epic and a portfolio of trophies before that — is deliberately running a buyer-curated sales process on what is, by his own framing, the last standalone tower he'll ever build on this island.
I'm Partnership Realty, Miami's #1 real estate agent for serious buyers and business owners. If you're considering Vita, this is the honest 2026 breakdown.
What Grove Isle Actually Is
Grove Isle is a 20-acre private island in Biscayne Bay, accessible only by a single guarded bridge from the south end of Coconut Grove. It's been there since the 1970s, originally built as a residential and hotel community. Three existing condo towers from that era — Grove Isle One, Two, and Three — sit on the island, alongside a private members' club, tennis courts, a marina, and a small hotel that's now closed and being redeveloped.
Vita is being built on the site of that former hotel. When complete, it will be the fourth and final condo tower on the island. There is, structurally, nowhere else to add residential density on Grove Isle. CMC owns the underlying land, and the existing condo associations and zoning constraints make any future fifth tower effectively impossible.
That last-tower fact is the single most important investment thesis on this project. Scarcity here is permanent.
Pricing and Format
Vita comprises 65 residences across the tower. Floor plans run from 2,500 SqFt to over 7,000 SqFt for full-floor and penthouse units. Pricing starts in the $5M-$6M range for the smaller units and rises into the $25M-$40M range for the penthouses and full-floor residences.
On a per-square-foot basis, Vita is positioned in the $2,200-$3,000 range — placing it at the top of Coconut Grove pricing and in conversation with the high end of Bal Harbour and Fisher Island, the only other private-island Miami residential market.
Interiors are by A++ Architects (Ugo Colombo's preferred design partner), with kitchens by Boffi, finishes selected for longevity rather than trend, and the kind of door hardware and millwork detail that you only notice if you've spent serious money on residential before. The aesthetic is restrained Italian modernist — closer to a Patricia Urquiola apartment in Milan than to anything you'll see in a typical Miami Beach tower.
Amenities are extensive but, as with everything on Grove Isle, intentionally private. Residents access the existing Grove Isle Club, the marina, the bayfront, the tennis facility, the spa. Vita adds its own building-specific amenities — pool deck, fitness, residents' lounge, private dining — without trying to replicate what the island already offers.
- Miami Market Snapshot — June 2026:
- Coconut Grove median condo sale price: approximately $1.25M (up ~4.1% YoY)
- Coconut Grove ultra-luxury ($5M+) condo sale price per SqFt average: approximately $2,100
- Fisher Island median condo sale price per SqFt: approximately $3,400
- Active Coconut Grove new-development units in pre-sale phase: approximately 320 across all developers
- Vita's unit count of 65 represents roughly 20% of all current Coconut Grove pre-construction inventory
The Buyer-Curation Process
This is the part of Vita that's genuinely unusual. CMC is screening buyers.
The screening isn't formal in a regulatory sense — there's no application form, no credit check, no membership review board. But the sales team is functionally evaluating whether each prospective buyer fits the long-term resident profile CMC wants for this building. That means:
- Primary or strong secondary residence intent, not speculation
- Demonstrated ability to close at the contract price
- No assignment-of-contract plays
- Buyer profile compatible with the existing Grove Isle community
If you're a CPA in Greenwich looking to flip a Miami unit in 36 months, this is not the building for you. If you're a Latin American family office that has owned the same Miami pied-à-terre for 20 years, you are exactly who CMC wants.
For buyers coming from contexts where this kind of screening is unfamiliar, the closest comparable is Fisher Island — a building where the building actively shapes who lives in it.
Why This Matters in 2026
Three things make Vita particularly relevant in 2026.
First, the broader Miami market context. As I covered in "Miami Real Estate June 2026: The Summer Market Has Already Decided Who Wins This Year," the city is splitting into two tiers — a soft condo segment with 13 months of inventory, and a tight luxury segment where genuine trophy product is moving as fast as it ever has. Vita is firmly in the second category.
Second, the supply story for Coconut Grove specifically. Coconut Grove has historically been a primary-residence market dominated by single-family homes. The luxury condo product here is constrained by both physical geography and the neighborhood's aversion to height. Vita is one of only a handful of $5M+ pre-construction options actively in market in The Grove, and it's the only one on a private island. I covered the broader Grove context in "Living in Coconut Grove: The Miami Neighborhood Guide for People Who Want Trees, Boats, and Real Community."
Third, the long-term resale ceiling. Private-island Miami has historically priced as its own category — Fisher Island and Star Island routinely transact 50-150% above mainland comparables. Grove Isle has lagged that pricing for decades because the existing 1970s towers anchored values lower. Vita, as a brand-new tower at full ultra-luxury specification, has the potential to reset the entire Grove Isle pricing ceiling and pull the older buildings up with it.
Who Vita Is Right For
Three buyer profiles.
The international family — particularly Latin American, European, and increasingly Middle Eastern — using this as a U.S. residence with privacy and security. Vita's controlled-bridge access, professional concierge, and resident-curated community match what these buyers expect from comparable private-island product globally.
The Miami business owner who's accumulated wealth and wants the most discreet ultra-luxury residence in the city without moving to Fisher Island. Grove Isle is closer to Brickell and Coconut Grove village, more convenient daily, and arguably has stronger long-term appreciation upside because it's starting from a lower base.
The retiring or partially-retired executive from the Northeast or Midwest who wants Miami without Miami's noise. The bayfront, the tennis, the marina, the established trees — Grove Isle reads more like a private Florida country club than a Brickell high-rise.
The Honest Risks
Two specifics.
First, liquidity. Vita's curated buyer pool is a feature for long-term holders. It can become a constraint on resale. Plan to hold 10+ years for the full investment thesis to materialize.
Second, the existing Grove Isle community. The older towers have their own established cultures, board politics, and member dynamics. Vita will need to integrate, and that integration is the developer's responsibility but also affects daily life. Talk to current Grove Isle residents before committing.
For the broader pre-construction framework — deposits, timelines, exit risks — my piece "How to Buy Pre-Construction in Miami: The 2026 Deposit Schedule, Timeline, and Risk Playbook Every Buyer Needs" is the place to start.
View the full Vita at Grove Isle project page with current pricing and availability at carloscabalerealtor.com/new-development/vita-at-grove-isle
Frequently Asked Questions
Q: Can anyone buy a unit at Vita at Grove Isle? A: Technically yes, but CMC Group is curating the buyer pool in a way that's unusual for Miami pre-construction. Buyers are evaluated based on intent (primary/long-term secondary vs. speculation), ability to close, and fit with the existing Grove Isle community. There's no formal application but the sales team is selective in who they progress to contract.
Q: How does Grove Isle compare to Fisher Island for Miami private-island living? A: Fisher Island is older, more established, and more expensive — averaging $3,400+/SqFt versus Vita's $2,200-$3,000/SqFt range. Fisher Island also requires a private ferry; Grove Isle is accessed by a guarded bridge from Coconut Grove, which is meaningfully more convenient daily. The lifestyle is similar but Grove Isle is more practically integrated with Miami.
Q: When will Vita at Grove Isle be completed? A: CMC Group is targeting a delivery window in 2028, consistent with the timeline of a ground-up ultra-luxury tower on a constrained island site. Construction status and the formal delivery date should be confirmed with the developer directly — pre-construction timelines on projects of this scale do shift.
Q: Is Vita a good investment, or just a great residence? A: Both, but in that order. The buyer-curation and the long-term resident focus mean this is primarily designed as a residence, not a yield play. Long-term appreciation potential is strong because of permanent scarcity (no fifth tower can be built on Grove Isle) and because Vita is positioned to reset the entire island's pricing ceiling. Plan to hold 10+ years.
If you're considering Vita at Grove Isle — or any of the limited ultra-luxury Coconut Grove pre-construction inventory in 2026 — I work directly with the buyer-curation process and can walk you through what acceptance actually requires. Let's talk.
Explore the full Vita at Grove Isle project on my website: carloscabalerealtor.com/new-development/vita-at-grove-isle
Partnership Realty / Partnership Realty Inc / +1 (561) 629-0358 / carloscabalerealtor.com
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