$3,324,841 - $4,488,000
RENTED MAR 31, 2025

Grand Bay Tower 430 Grand Bay Dr Unit 505 Key Biscayne, FL 33149

Village of Key Biscayne Neighborhood
3 Beds
3.5 Baths
2,930 Sq Ft
1999 Built

Last Sold November 01, 2023

Last sale price $3,750,000 $1,280 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $24,054/month

Highlights

  • Valet Parking
  • Ocean Front
  • In Ground Pool
  • Key Biscayne K-8 Center Rated A-
  • Fitness Center
  • Marble Flooring

About This Home

As of March 2025

This newly renovated apartment at the Grand Bay Tower in Key Biscayne offers stunning ocean and garden views. With 3 bedrooms, a den, and 3.5 bathrooms, this spacious unit provides plenty of room for relaxation and entertaining. The European open kitchen concept features top-of-the-line appliances, making it a dream for any chef. Wood floors throughout the apartment create a warm and inviting atmosphere, while marble floors in the bathrooms add a touch of luxury. Excellent amenities, including beach access, a pool, and a fitness center. The building also offers a 24-hour concierge service for added convenience and security. Close proximity to the Ritz tennis and Paddle courts, as well as the Ritz hotel. Unfurnished or partially furnished.

Last Agent to Rent the Property

Carlos Mandiola Biscayne

Coldwell Banker Realty License #0698288 Listed on: 01/18/2025

Coldwell Banker Realty

Last Renter's Agent

Monica Slodarz

Compass Florida, LLC License #0627856

Compass Florida, LLC

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $40,966

Year Built

  • Built in 1999

Lot Details

  • Ocean Front

Parking

  • 1 Car Garage
  • Assigned Parking

Interior Spaces

  • 2,930 Sq Ft Home
  • Furnished
  • Formal Dining Room
  • Marble Flooring

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • In Ground Pool
  • Unrestricted saltwater access

Utilities

  • Cooling Available
  • Heating Available
  • Underground Utilities

Listing and Financial Details

  • Property Available on 3/15/25
  • 1 Year With Renewal Option Lease Term
  • Assessor Parcel Number 24-52-05-060-0480

Community Details

Overview

  • No Home Owners Association
  • Grand Bay Tower Condo
  • Grand Bay Tower Condo Subdivision
  • 12-Story Property

Amenities

  • Valet Parking
  • Sauna

Recreation

  • Tennis Courts

Pet Policy

  • No Pets Allowed

Security

  • Security Service

Condo Details

Home Type

Condominium

Est. Annual Taxes

$40,966

Year Built

Built in 1999

Lot Details

0

Parking

1

Rental Info

  • Pets Allowed: No
  • Available Date: 2025-03-15
  • Lease Term: 1 Year With Renewal Option

Listing Details

  • Property Type: Residential Lease
  • Year Built: 1999
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Entry Level: 5
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Unrestricted Salt Water Access
  • Lease Assignable: No
  • New Construction: No
  • Building Stories: 12
  • Structure Type: Condo/Co-Op/Annual, Condo
  • Subdivision Name: GRAND BAY TOWER CONDO
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: No
  • ResoPropertyType: ResidentialLease
  • Special Features: VirtualTour
  • Stories: 12

Interior Features

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Marble
  • Furnished: Furnished
  • Living Area: 2930
  • Stories: 12
  • Dining Room Features: Breakfast Area, Dining/Living Room, Eat-In Kitchen, Formal Dining

Exterior Features

  • View: Ocean
  • Construction Type: Concrete Block Construction
  • Pool Features: In Ground, Community
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: GRAND BAY TOWER CONDO
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Assigned, Covered, Valet

Utilities

  • Sewer: Sewer
  • Water Source: Municipal Water
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Pool, Tennis Court(s), Exercise Room, Private Roads, Sauna, Security Patrol, Sidewalks, Underground Utilities

Lot Info

  • Parcel Number: 24-52-05-060-0480
  • Land Lease: No
  • Land Lease Amount Frequency: Monthly
  • Zoning: 1000
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2023
Closed on
Oct 30, 2023
Sold by
Lorcan Finance Sa
Bought by
Grand Bay 505 Llc
Seller's Agent
Juanita Lopez
BHHS EWM Realty
Buyer's Agent
Carlos Mandiola Biscayne
Coldwell Banker Realty
List Price
$4,100,000
Sold Price
$3,750,000
Premium/Discount to List
-$350,000
-8.54%
Views
253
Current Estimated Value
$3,787,960

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,960
Avg. Annual Appreciation
0.56%

Purchase Details

Listed on
Aug 8, 2011
Closed on
Aug 25, 2012
Sold by
Aventuramas Llc
Bought by
Lorcan Finance S A
Seller's Agent
AManda Janis
BHHS EWM Realty
Buyer's Agent
Adriana Montbrun
Douglas Elliman
List Price
$2,100,000
Sold Price
$2,100,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.32%

Purchase Details

Listed on
Aug 8, 2011
Closed on
Aug 24, 2012
Sold by
Fitz John and Morrison Sarah
Bought by
Morrison Sarah and Morrison Sally
Seller's Agent
AManda Janis
BHHS EWM Realty
Buyer's Agent
Adriana Montbrun
Douglas Elliman
List Price
$2,100,000
Sold Price
$2,100,000

Purchase Details

Listed on
Aug 8, 2011
Closed on
Aug 23, 2012
Sold by
Moririson Sarah and Morrison Sally
Bought by
Aventuramas Llc
Seller's Agent
AManda Janis
BHHS EWM Realty
Buyer's Agent
Adriana Montbrun
Douglas Elliman
List Price
$2,100,000
Sold Price
$2,100,000

Purchase Details

Closed on
Aug 6, 2010
Sold by
Morrison Sally
Bought by
Morrison Sarah and Fitz John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$317,075
Interest Rate
4.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 2009
Sold by
Morrison Michael and Fitz Sally
Bought by
Morrison Sally

Purchase Details

Closed on
Jan 14, 2000
Sold by
Grand Bay Tower Associates
Bought by
Morrison Michael P and Morrison Sally F
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Grand Bay 505 Llc $3,750,000 None Listed On Document
Lorcan Finance S A $2,100,000 --
Morrison Sarah $154,300 Attorney
Aventuramas Llc $308,600 Attorney
Morrison Sarah $161,800 New England Title
Morrison Sally -- Attorney
Morrison Michael P $695,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Morrison Sarah $317,075
Previous Owner Morrison Michael P $490,000
Previous Owner Morrison Michael P $50,000
Previous Owner Morrison Michael P $505,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2025 03/31/25 Rented $16,500 0.0% --
02/28/2025 02/28/25 Under Contract -- -- --
01/18/2025 01/18/25 For Rent $16,500 +10.0% --
03/15/2024 03/15/24 Rented $15,000 -8.0% --
03/08/2024 03/08/24 Under Contract -- -- --
01/31/2024 01/31/24 Price Changed $16,300 -6.9% $6 / Sq Ft
11/21/2023 11/21/23 Price Changed $17,500 -12.1% $6 / Sq Ft
11/07/2023 11/07/23 For Rent $19,900 0.0% --
11/01/2023 11/01/23 Sold $3,750,000 -8.5% $1,280 / Sq Ft
09/22/2023 09/22/23 Pending -- -- --
03/29/2023 03/29/23 For Sale $4,100,000 +95.2% $1,399 / Sq Ft
08/30/2012 08/30/12 Sold $2,100,000 +27900.0% $717 / Sq Ft
08/30/2012 08/30/12 Pending -- -- --
04/09/2012 04/09/12 Rented $7,500 0.0% --
03/10/2012 03/10/12 Under Contract -- -- --
11/11/2011 11/11/11 For Rent $7,500 0.0% --
08/08/2011 08/08/11 For Sale $2,100,000 -- $717 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $40,966 $2,690,188 -- --
2024 $32,531 $2,611,833 -- --
2023 $32,531 $1,825,406 $0 $0
2022 $27,369 $1,659,460 $0 $0
2021 $25,028 $1,508,600 $0 $0
2020 $24,907 $1,508,600 $0 $0
2019 $24,728 $1,494,000 $0 $0
2018 $33,227 $2,074,699 $0 $0
2017 $37,028 $2,282,168 $0 $0
2016 $36,389 $2,117,501 $0 $0
2015 $33,138 $1,925,001 $0 $0
2014 $31,532 $1,750,001 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Carlos Mandiola Biscayne

    Landlord's Agent in 2025

    Carlos Mandiola Biscayne

    Coldwell Banker Realty

    (305) 724-7989

    7 in this area

    15 Total Sales

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  • Monica Slodarz

    Tenant's Agent in 2025

    Monica Slodarz

    Compass Florida, LLC

    (305) 579-9115

    18 in this area

    22 Total Sales

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  • Natalia Salgado

    Buyer's Agent in 2024

    Natalia Salgado

    DLS International Realty

    (305) 361-1720

    15 in this area

    37 Total Sales

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  • Juanita Lopez

    Seller's Agent in 2023

    Juanita Lopez

    BHHS EWM Realty

    (305) 803-4891

    6 in this area

    25 Total Sales

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  • A

    Seller's Agent in 2012

    AManda Janis

    BHHS EWM Realty

    Section Image
  • Sonia Gherardi

    Buyer's Agent in 2012

    Sonia Gherardi

    One Sotheby's International Realty

    (786) 344-7080

    1 in this area

    12 Total Sales

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About Grand Bay Tower

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11727547

MIAMI REALTORS® MLS

APN: 24-5205-060-0480

Florida Miami/Dade County Key Biscayne 33149 Village of Key Biscayne

430 Grand Bay Dr Unit 505, Key Biscayne, FL

This home is located at 430 Grand Bay Dr Unit 505, Key Biscayne, FL 33149 since 18 January 2025 and is currently priced at $3,787,960. This property was built in 1999. 430 Grand Bay Dr Unit 505 is a home located in Miami-Dade County with nearby schools including Key Biscayne K-8 Center, Ponce de Leon Middle School, and Coral Gables Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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