$2,520,000
445 Grand Bay Drive 418
Key Biscayne, FL 33149
Explore the area: Key Biscayne homes for sale · Miami Dade County real estate
Price Check
How this price compares
- Asking price
- $2,520,000
- Price per sq ft
- $1,432
- Vs. nearby sales
- 45.5% above
- Days on market
- 77
This 2-bedroom condo in Grand Bay Residences Cond went under contract with an asking price of $2,520,000, or $1,432 per square foot. It spent 77 days on the market before going under contract. The 4 most recent condo sales in the closings shown below sold at a median of $984 per square foot, so the asking price was 45.5% above what comparable homes here actually sold for.
Estimated monthly payment
$13,244 /mo
Principal and interest only, based on $504,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $2,225/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $2,520,000
- Days on Site
- 77 Days
- Bedrooms
- 2
- Total Baths
- 3
- Full Baths
- 2
- Partial Baths
- 1
- Living Area
- 1,760 sqft
- Total Sq Ft
- 1,760 sqft
- Year Built
- 1996
- Property Type
- Condo
- MLS #
- A12051760
- Property Tax
- $20,991 (2025)
- HOA Fees
- $2,225 / Monthly
- Subdivision
- GRAND BAY RESIDENCES COND
- County
- Miami Dade
- Status
- Under Contract
- Special Conditions
- Listed As Is
About This Property
Experience refined coastal living in one of Key Biscayne's most prestigious beachfront communities. This turnkey, thoughtfully redesigned 2-bedroom, 2.5-bath residence features bright, open living spaces, a chef's kitchen centered around an oversized island, premium finishes, and timeless design throughout.Designed for both everyday living and effortless entertaining, the spacious floor plan flows seamlessly to a generous covered terrace overlooking lush tropical landscaping. The luxurious primary suite offers a spa-inspired bath and generous custom closet space, while the guest suite provides exceptional comfort and privacy.Grand Bay Residences offers 24-hour concierge, valet, a resort-style pool, fitness center, and exclusive beach service through the Grand Bay Club. Ideally located just moments from the Ritz-Carlton, dining, parks, and marinas, this move-in-ready home perfectly captures the best of the Key Biscayne lifestyle.
Virtual TourGeneral Features
- Property Type
- Condo
- Status
- Under Contract
- Year Built
- 1996
- Number of Stories
- 14
- Garage Spaces
- 2
- Parking
- Assigned / Covered / Electric Vehicle Charging Stations / Garage / Golf Cart Garage / Garage Door Opener / Guest / Valet
- Living Sq Ft
- 1,760
- Total Sq Ft
- 1,760
Interior Features
- Appliances
- Dryer / Dishwasher / Electric Range / Electric Water Heater / Disposal / Microwave / Oven / Washer
- Cooling
- Central Air
- Heating
- Central
- Interior Features
- Bathtub / Closet Cabinetry / Dual Sinks / Elevator / Living Dining Room / Other / Pantry / Soaking Tub / Separate Shower
- Windows
- Blinds
Exterior Features
- Construction
- Block
- Exterior Features
- Lighting
- Private Pool
- Yes
- Pool Features
- Private / Association / Heated
- Waterfront
- Yes
- Waterfront Features
- Fixed Bridge / Ocean Front
- View
- Other
Community & HOA
- HOA Fee
- $2,225 / Monthly
- HOA Includes
- Common Areas / Cable Tv / Hvac / Internet / Maintenance Grounds / Pest Control / Pools / Recreation Facilities / Reserve Fund / Roof / Sewer / Security / Trash / Water
- Association Amenities
- Bike Storage / Business Center / Clubhouse / Car Wash Area / Elevators / Fitness Center / Maintenance Grounds / Management / Pool / Parking / Spa Hot Tub / Storage / Trash
- Community Features
- Home Owners Association
- Security
- Security System / Elevator Secured / Fire Alarm / Fire Sprinkler System / Secured Garage Parking / Key Card Entry / Lobby Secured / Phone Entry / Smoke Detectors / Security Guard
- Pets Allowed
- Yes
- 55+ Community
- Yes
- Financing Terms
- Cash / Conventional
- Restrictions
- Okay To Lease1st Year / Ok To Lease
- MLS Area
- 2520
This home's HOA fee works out to $2,225 a month, 68% below the $7,046 median across 3 homes for sale in Grand Bay Residences Cond. See Grand Bay Residences Cond HOA fees
Schools
- Elementary School
- Key Biscayne K-8
- Middle School
- Ponce De Leon
- High School
- Coral Gables
About the Community
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 lists homes in Grand Bay Residences Cond and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
- Homes for Sale
- 3
- Median List Price
- $9,900,000
- Median $/Sq Ft
- $2,058
- Avg Days on Market
- 164
Frequently Asked Questions
- How do I schedule a tour of 445 Grand Bay Drive 418, Key Biscayne, FL 33149?
- Use the Tour button on this listing to request a showing of 445 Grand Bay Drive 418, Key Biscayne, FL 33149. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 445 Grand Bay Drive 418, Key Biscayne, FL 33149 still available?
- 445 Grand Bay Drive 418, Key Biscayne, FL 33149 is currently listed as Under Contract, and has been on the market 77 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 445 Grand Bay Drive 418, Key Biscayne, FL 33149?
- With 20% down ($504,000) on the $2,520,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 445 Grand Bay Drive 418, Key Biscayne, FL 33149 is about $13,244/mo, before property taxes, insurance, and HOA dues. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 445 Grand Bay Drive 418, Key Biscayne, FL 33149?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 445 Grand Bay Drive 418, Key Biscayne, FL 33149. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Does 445 Grand Bay Drive 418, Key Biscayne, FL 33149 have an HOA fee?
- Yes: 445 Grand Bay Drive 418, Key Biscayne, FL 33149 carries an HOA fee of about $2,225 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
- What schools serve 445 Grand Bay Drive 418, Key Biscayne, FL 33149?
- 445 Grand Bay Drive 418, Key Biscayne, FL 33149 is zoned for Key Biscayne K-8 (elementary), Ponce De Leon (middle), Coral Gables (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 445 Grand Bay Drive 418, Key Biscayne, FL 33149?
- Often, yes. The right offer on 445 Grand Bay Drive 418, Key Biscayne, FL 33149 depends on how it's priced against comparable condo sales in Key Biscayne, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Allte Realty
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated July 19, 2026.
$2,520,000
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Listed by Daniel Guaty, Allte Realty
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Recent Sales
Recently sold homes in Grand Bay Residences Cond
These are the last 4 recorded closings in Grand Bay Residences Cond, with the price each home actually sold for rather than what it was listed at. They closed at a median of $1,036 per square foot. The most recent closed on February 6, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$2,730,000
Sold · February 6, 2026
445 Grand Bay Drive 802
2 bed · 3 bath · 2,950 sqft · $925/sqft
$419,000 under the asking price
Sold$2,662,500
Sold · September 12, 2025
445 Grand Bay Drive 601
3 bed · 2.5 bath · 2,570 sqft · $1,036/sqft
$127,500 under the asking price
Sold$2,750,000
Sold · August 15, 2025
445 Grand Bay Drive 602
3 bed · 3 bath · 2,950 sqft · $932/sqft
$230,000 under the asking price
Sold$4,500,000
Sold · July 11, 2025
445 Grand Bay Drive 1210
3 bed · 4 bath · 2,950 sqft · $1,525/sqft
$350,000 under the asking price
See every recorded sale in Grand Bay Residences Cond or find out what your Grand Bay Residences Cond home is worth.
