NOT LISTED FOR SALE

Estimated Value: $5,533,502 - $5,604,000

3 Beds
5.5 Baths
3,950 Sq Ft
$3,413/mo HOA Fee

Last Sold March 14, 2022

Last sale price $5,100,000 $1,291 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $37,459/month

14 Days on Market

Highlights

  • Valet Parking
  • Ocean Front
  • Two Primary Bathrooms
  • Key Biscayne K-8 Center Rated A-
  • Fitness Center
  • Maid or Guest Quarters

About This Home

As of March 2022

Grand Bay Residences in Key Biscayne has beautiful direct ocean view entering unit - marble floors throughout - wood floors (bedrooms) - 3 bedroom + den ( convertible to 4th bedroom ) - huge master w/his and hers baths and walk-in closets - service entry to laundry, staff/storage area & bath - elevator access to private foyer - 3 large terraces - resort style living, private beach access w/ chair & umbrella services, pool, spa, gym, valet parking, 24 hour concierge, conference room, media center, next door to Ritz-Carlton - parking space # 396 + 1 valet - storage # 71.

Last Agent to Sell the Property

Carmencita Lopez

Cervera Real Estate Inc. License #0605499 Listed on: 01/03/2022

Cervera Real Estate Inc.

Last Buyer's Agent

Dora Puig

Luxe Living Realty License #3268462

Luxe Living Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $46,830

Year Built

  • Built in 1999

Lot Details

  • Ocean Front
  • East Facing Home

HOA Fees

  • $3,413 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Assigned Parking

Property Views

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,950 Sq Ft Home
  • Blinds
  • Entrance Foyer
  • Formal Dining Room
  • Den

Kitchen

  • Breakfast Area or Nook
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Two Primary Bathrooms
  • Maid or Guest Quarters
  • Bidet
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Property has ocean access

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 24-52-05-060-0190

Community Details

Overview

  • Mid-Rise Condominium
  • Grand Bay Tower Condo
  • Grand Bay Tower Condo Subdivision
  • The community has rules related to no recreational vehicles or boats, no trucks or trailers
  • 12-Story Property

Amenities

  • Valet Parking
  • Sauna
  • Community Center
  • Party Room
  • Elevator
  • Secure Lobby
  • Bike Room

Recreation

Pet Policy

  • Breed Restrictions

Security

  • Card or Code Access
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$46,830

Year Built

Built in 1999

Lot Details

0

HOA Fees

$3,413 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1999
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit, High Rise
  • Entry Level: 8
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: GRAND BAY TOWER CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: Entrance Foyer, Other, Den/Library/Office, Maid/In-Law Quarters
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Entry Location: Foyer
  • Flooring: Marble, Wood
  • Furnished: Unfurnished
  • Living Area: 3950
  • Possible Use: Secondary
  • Stories: 12
  • Window Features: Blinds
  • Bedroom Features: Entry Level
  • Dining Room Features: Breakfast Area, Formal Dining
  • Living Room Features: Den/Library/Office, Maid/In-Law Quarters
  • Master Bathroom Features: 2 Master Bathrooms, Bidet, Separate Tub & Shower

Exterior Features

  • View: Direct Ocean, Skyline
  • Exterior Features: Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: East
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: GRAND BAY TOWER CONDO
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces, Assigned, Valet, Limited # Of Vehicle, No Rv/Boats, No Trucks/Trailers

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Smoke Detector, Card Entry, Lobby Secured, Other

Condo/Co-op/Association

  • Association Fee: 3413
  • Amenities: Bike Storage, Community Room, Elevator(s), Exercise Room, Other, Pool, Sauna
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 24-52-05-060-0190
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 46830

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2022
Closed on
Mar 7, 2022
Sold by
Vintage Associates Limited
Bought by
Grand Bay Drive Llc
Seller's Agent
Carmencita Lopez
Cervera Real Estate Inc.
Buyer's Agent
Dora Puig
Luxe Living Realty
List Price
$5,400,000
Sold Price
$5,100,000
Premium/Discount to List
-$300,000
-5.56%
Current Estimated Value
$5,575,167

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$475,167
Avg. Annual Appreciation
3.36%

Purchase Details

Closed on
Mar 2, 2000
Sold by
Gand Bay Tower Associates
Bought by
Rojas Javier E and Rojas Gabriela M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
8.29%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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 Drive Llc $5,100,000 R&S International Law Group Ll
Rojas Javier E $1,750,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rojas Javier E $1,395,000
Previous Owner Rojas Javier E $1,400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2022 03/14/22 Sold $5,100,000 -5.6% $1,291 / Sq Ft
01/18/2022 01/18/22 Pending -- -- --
01/03/2022 01/03/22 For Sale $5,400,000 -- $1,367 / 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 $44,032 $3,085,500 -- --
2024 $68,143 $2,805,000 -- --
2023 $68,143 $2,550,000 $0 $0
2022 $51,227 $3,116,850 $0 $0
2021 $46,830 $2,833,500 $0 $0
2020 $46,782 $2,833,500 $0 $0
2019 $51,160 $3,091,000 $0 $0
2018 $52,111 $3,253,781 $0 $0
2017 $57,133 $3,536,719 $0 $0
2016 $63,611 $3,558,109 $0 $0
2015 $62,093 $3,234,645 $0 $0
2014 $62,425 $3,267,319 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11141936

MIAMI REALTORS® MLS

APN: 24-5205-060-0190