About Mutiny Park / Hotel Arya
Developed by Flagler Holding Group
Mutiny Park — rebranded and operating today as Hotel Arya — is a 22-story condo-hotel at 2889 McFarlane Road, near CocoWalk and Dinner Key. Developed by Flagler Holding Group and completed in 2001, its 211 units range from studios to three-bedroom layouts.
Unlike most of Coconut Grove’s condo towers, Mutiny Park has no minimum-lease-term restriction and a built-in condo-hotel rental program — a genuinely different investment profile from a standard owner-occupied or long-term-rental condo. This also means financing can work differently than a conventional condo purchase; confirm with a lender before assuming standard condo mortgage terms apply.
Building Fees & Assessments
MLS listings for Mutiny Park / Hotel Arya have shown a median association fee around $2.03/sqft/month -- shown per square foot, not as a flat dollar figure, since that's comparable across unit sizes rather than skewed by whichever units happen to be listed right now. This is a point-in-time reference, not a live figure, and can change over time. Confirm the current fee for a specific unit before making an offer.
Mutiny Park / Hotel Arya is 25+ years old, which puts it within Florida's Milestone Inspection requirement (SB 4-D, post-Surfside law covering condo/co-op buildings 3+ stories, coastal buildings inspected at 25 years and every 10 years after). Request the building's most recent milestone inspection report, structural integrity reserve study (SIRS), and reserve fund status before purchasing -- these determine whether a special assessment is likely.
Specific reserve fund balances, pending special assessments, and financial statements aren't public MLS data -- request them directly from the condo association or your agent before making an offer.
Rental Potential
See the live "Monthly rental from" figure above for Mutiny Park / Hotel Arya's current lowest asking rent, and the market snapshot's closed-lease count and median rent for actual rental demand over the trailing 12 months -- both update automatically, unlike a number written here. Specific rental rules -- minimum lease term, rentals allowed per year, and whether short-term/Airbnb-style rentals are permitted -- are set by the condo association and vary by building. Verify current rental restrictions directly with the association before buying as an investment.
Frequently Asked Questions
Is Mutiny Park / Hotel Arya pet-friendly?
Yes, Mutiny Park / Hotel Arya is generally pet-friendly. Verify current pet rules and any breed or weight restrictions directly with the building association before purchasing.
Can I rent out my unit at Mutiny Park / Hotel Arya?
Long-term rentals are generally permitted at Mutiny Park / Hotel Arya, though minimum lease terms and any short-term rental restrictions vary by building. Verify the current rental policy directly with the association before purchasing as an investment.
Is Mutiny Park / Hotel Arya a regular condo or a condo-hotel?
It's a condo-hotel -- individual units can be owned like a condo but placed into the building's rental program, and unlike most Coconut Grove buildings it has no rental-restriction minimum. Confirm the specific ownership structure of any unit you're considering, since this affects financing options and HOA economics.
Reviewed by Carlos Olivares, FL License #3051724. Last updated September 2026.
