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55+ Community · Key Biscayne, FL
Grand Bay Residences Cond is an age-restricted 55+ community in Key Biscayne, Miami-Dade County, Florida, governed under the Housing for Older Persons Act (HOPA). Homes are priced from $9,900,000 to $18,900,000.
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Market Overview
There are 2 active listings for sale in Grand Bay Residences Cond right now. The median list price is $14,400,000, or about $2149 per square foot. Listings span $9,900,000 to $18,900,000, so there is inventory across most budgets. Homes are averaging 203 days on market. These figures update from the MLS as the market moves.
Grand Bay Residences Cond Market Stats
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About Grand Bay Residences Cond
Grand Bay Residences Cond is an age-restricted 55+ community in Key Biscayne, Miami-Dade County, Florida, governed under the Housing for Older Persons Act (HOPA). Homes are priced from $9,900,000 to $18,900,000. At least one resident per home must be 55 or older. Pure Equity Realty represents buyers and sellers in Grand Bay Residences Cond at 1% listing commission. Free buyer representation.
Homes & Architecture
Homes for sale in Grand Bay Residences Cond offer 5 bedrooms and 5.5 baths. Floor plans span roughly 4,810 to 8,435 square feet. The mix here includes condo homes. Current prices run from $9,900,000 to $18,900,000. The homes on the market were built between 1996 and 1997.
Amenities & Lifestyle
Waterfront homes here offer canal, lake, or Intracoastal frontage, and some sites include private dockage. As an age-restricted community, Grand Bay Residences Cond centers on an active adult lifestyle, with amenities and a social calendar built for residents 55 and over.
Location
Grand Bay Residences Cond is located in Key Biscayne, part of Miami-Dade County, Florida. The Key Biscayne area's shopping, dining, schools, and parks are all nearby, and the region's job centers, beaches, and airports are within driving distance.
Buying in Grand Bay Residences Cond
The buying process in Grand Bay Residences Cond is the one used across Miami-Dade County. Getting a mortgage pre-approval first tells you your real budget and lets you move quickly when the right home comes up. Ask for the association's governing documents, budget, and reserve study before you write an offer. Association fees, any club or membership costs, and rules on rentals, pets, and leasing vary by community and materially affect the true cost of ownership. Property taxes factor into the monthly payment: the median annual property tax in Miami-Dade County is about $3,516. Florida's homestead exemption lowers the taxable value of a primary residence, and the Save Our Homes cap limits how fast that assessed value can rise from year to year. Budget for homeowners insurance as well. Rates in Florida reflect wind and flood exposure, so gather quotes early and check whether a specific address sits in a FEMA flood zone. Once you are under contract, plan for a home inspection and, if you are financing, a lender appraisal, both of which fall inside the inspection period. Working with an agent who knows Key Biscayne means you see new listings in Grand Bay Residences Cond the day they reach the market.
Selling in Grand Bay Residences Cond
Selling a home in Grand Bay Residences Cond starts with pricing it correctly for current conditions. List prices in Grand Bay Residences Cond currently center around $14,400,000, which is a starting reference for where a comparable home might be positioned. Homes that are decluttered, professionally photographed, and priced to recent comparable sales tend to draw the most interest in the first two weeks, when a listing is newest and gets the most views. Buyers in an association community also want to see the HOA or condo docs, the reserve study, and any pending or special assessments up front, so having those ready before you list avoids delays once you are under contract. Florida sellers usually pay the documentary stamp tax on the deed, currently $0.70 per $100 of the sale price in most counties, along with prorated property taxes and, by local custom in many areas, the owner's title insurance policy. We provide a no-obligation home valuation for Grand Bay Residences Cond owners in Key Biscayne, so you can see what your property could sell for before you commit to listing.
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