$2,750,000
Sold · August 15, 2025
445 Grand Bay Drive 602
Key Biscayne, FL 33149
Explore the area: Key Biscayne homes for sale · Miami Dade County real estate
Sale Summary
What this home sold for
- Sold price
- $2,750,000
- Vs. list price
- 7.7% under
- Days on market
- 88
- Price per sq ft
- $932
This 3-bedroom condo in Grand Bay Residences Cond sold for $2,750,000 on August 15, 2025. That was 7.7% below its final list price of $2,980,000. It first came on the market at $3,500,000, so the price was adjusted before it sold. It spent 88 days on the market. At $932 per square foot, it closed 10% below the $1,036 median of the 3 other condo sales in the recent closings shown below.
Listing Snapshot
- Sold Price
- $2,750,000
- Sold On
- August 15, 2025
- Days on Site
- 88 Days
- Bedrooms
- 3
- Total Baths
- 3
- Full Baths
- 3
- Partial Baths
- 0
- Living Area
- 2,950 sqft
- Total Sq Ft
- 2,950 sqft
- Year Built
- 1996
- Property Type
- Condo
- MLS #
- A11761920
- Property Tax
- $34,688 (2024)
- HOA Fees
- $3,679 / Monthly
- Subdivision
- GRAND BAY RESIDENCES COND
- County
- Miami Dade
- Status
- Sold
- Special Conditions
- Listed As Is
About This Property
Presenting a spectacular unit at Grand Bay Residences, offering exceptional services, a beautifully remodeled lobby, and being just steps from the beach. This 3-bedroom residence, including a spacious master suite, an en-suite second bedroom, and an enclosed den with a full bathroom, provides 2,950 SqFt of modern living space. The unit is filled with natural light, ensuring both privacy and comfort, and features three expansive terraces, ideal for enjoying stunning sunsets and panoramic views of the bay and gardens.Experience the premier Key Biscayne lifestyle with 24-hour concierge service, valet, a fitness center, and exclusive access to the adjacent Ritz-Carlton’s world-class amenities. The unit is currently leased $16,0000 through Jan 4, 2026 the existing lease must be honored.
MLS media linkGeneral Features
- Property Type
- Condo
- Status
- Sold
- Year Built
- 1996
- Property Condition
- Resale
- Number of Stories
- 13
- Garage Spaces
- 1
- Direction Faces
- West
- Living Sq Ft
- 2,950
- Total Sq Ft
- 2,950
Interior Features
- Appliances
- Dryer / Dishwasher / Electric Range / Electric Water Heater / Disposal / Microwave / Oven / Refrigerator / Washer
- Cooling
- Electric
- Heating
- Electric
- Flooring
- Ceramic Tile / Marble / Other / Wood
- Interior Features
- Built In Features / Bedroom On Main Level / Breakfast Area / Bathtub / Closet Cabinetry / Dual Sinks / Entrance Foyer / Family Dining Room / Main Level Primary / Multiple En Suite Bathrooms / Soaking Tub / Separate Shower / Walk In Closets
- Laundry
- In Garage
- Windows
- Blinds
Exterior Features
- Construction
- Block
- Exterior Features
- Balcony / Outdoor Living Area
- Pool Features
- Association
- Patio & Porch
- Open / Balcony
- Waterfront
- Yes
- Waterfront Features
- Beach Access / Deeded Access / Ocean Access / Ocean Front
- View
- Bay
Community & HOA
- HOA Fee
- $3,679 / Monthly
- HOA Includes
- Common Areas / Maintenance Grounds / Sewer / Trash / Water
- Association Amenities
- Bike Storage / Clubhouse / Fitness Center / Maintenance Grounds / Management / Pool / Trash
- Security
- Elevator Secured / Fire Alarm / Secured Garage Parking / Smoke Detectors / Security Guard
- Utilities
- Cable Available
- Pets Allowed
- Pet Restrictions / Yes
- 55+ Community
- Yes
- Financing Terms
- Cash / Conventional
- Restrictions
- No Rv / No Truck / No Trailer Parking
- MLS Area
- 2520
Schools
- Elementary School
- Key Biscayne K-8
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
- 2
- Under Contract
- 2
- Median List Price
- $11,425,000
- Median $/Sq Ft
- $1,728
- Avg Days on Market
- 115
Frequently Asked Questions
- How do I schedule a tour of 445 Grand Bay Drive 602, Key Biscayne, FL 33149?
- Use the Tour button on this listing to request a showing of 445 Grand Bay Drive 602, 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 602, Key Biscayne, FL 33149 still available?
- 445 Grand Bay Drive 602, Key Biscayne, FL 33149 is currently listed as Sold, and has been on the market 88 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 602, Key Biscayne, FL 33149?
- With 20% down ($596,000) on the $2,980,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 445 Grand Bay Drive 602, Key Biscayne, FL 33149 is about $15,661/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 602, 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 602, 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 602, Key Biscayne, FL 33149 have an HOA fee?
- Yes: 445 Grand Bay Drive 602, Key Biscayne, FL 33149 carries an HOA fee of about $3,679 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 602, Key Biscayne, FL 33149?
- 445 Grand Bay Drive 602, Key Biscayne, FL 33149 is zoned for Key Biscayne K-8 (elementary). 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 602, Key Biscayne, FL 33149?
- Often, yes. The right offer on 445 Grand Bay Drive 602, 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 Urdapilleta Real Estate, LLC
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 1, 2026.
$2,750,000
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Listed by Maria C Porro Toyos, Urdapilleta Real Estate, LLC
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Recent Sales
Recently sold homes in Grand Bay Residences Cond
These are the last 3 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$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.
