$4,500,000
SOLD JUL 9, 2024
3 Beds
4.5 Baths
3,660 Sq Ft
$3,549/mo HOA Fee

Recently Sold

$1,230 Per Sq Ft

13% Below List Price

168 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Marble Flooring
  • Key Biscayne K-8 Center Rated A-
  • Fitness Center
  • Jettted Tub and Separate Shower in Primary Bathroom

About This Home

As of July 2024

Live the Key Biscayne lifestyle in this beautiful ocean direct unit located on the 9th floor of the renowned Grand Bay Residences. It encompasses 3,660 sq ft. interior, 3 bedrooms, 4.5 baths, all the bedrooms facing the ocean, an open layout, walking closets, expansive terraces perfect for entertaining and many more features. The Grand Bay residences sit's on 12 acres of oceanfront with lush gardens, tennis and beach front access. Don't miss this exceptional offering!

Last Agent to Sell the Property

Karla Abaunza

Luxury Living Realty License #0669873 Listed on: 01/22/2024

Co-Listed By

Jorge Escasena

Luxury Living Realty License #3343204

Last Buyer's Agent

Daniel Guaty

Allte Realty License #3330093

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $46,244

Year Built

  • Built in 1996

Lot Details

  • Ocean Front
  • East Facing Home

HOA Fees

  • $3,549 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Assigned Parking

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,660 Sq Ft Home
  • Central Vacuum
  • Built-In Features
  • Drapes & Rods
  • Blinds
  • Family or Dining Combination
  • Marble Flooring
  • Direct Ocean Views

Kitchen

  • Breakfast Area or Nook
  • Cooking Island

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Dual Sinks
  • Jettted Tub and Separate Shower in Primary Bathroom
  • Bathtub

Home Security

Additional Features

  • Property has ocean access
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 24-52-05-049-0740

Community Details

Overview

  • Mid-Rise Condominium
  • Grand Bay Tower Residence Condos
  • Grand Bay Residences Cond Subdivision
  • 10-Story Property

Amenities

  • Doorman

Recreation

  • Tennis Courts
  • Community Pool

Pet Policy

  • Breed Restrictions

Security

  • Security Guard
  • High Impact Door
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$46,244

Year Built

Built in 1996

Lot Details

0

HOA Fees

$3,549 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1996
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Co List Office Mls Id: LLVR01
  • Co List Office Phone: 305-673-6565
  • Entry Level: 9
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: GRAND BAY RESIDENCES COND
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Built-in Features, Cooking Island, Fire Sprinklers, Walk-In Closet(s)
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: High Impact Doors
  • Flooring: Marble
  • Furnished: Unfurnished
  • Living Area: 3660
  • Other Equipment: Central Vacuum
  • Possible Use: Primary
  • Stories: 10
  • Window Features: Blinds, Drapes
  • Bedroom Features: Entry Level, Primary Bath Shower, Primary Bath Tub
  • Dining Room Features: Breakfast Area, Family/Dining Combination
  • Master Bathroom Features: Dual Sinks, Separate Tub & Shower, Whirlpool/Spa

Exterior Features

  • View: Ocean View, Direct Ocean
  • Construction Type: CBS Construction
  • Direction Faces: East
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: GRAND BAY TOWER RESIDENCE
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces, Assigned, Limited # Of Vehicle

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Fire Sprinklers, Doorman, Guard At Site

Condo/Co-op/Association

  • Association Fee: 3549
  • Amenities: Exercise Room, Private Pool, Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 24-52-05-049-0740
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 46244

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2024
Closed on
Jul 8, 2024
Sold by
Camejo Mariaelena and Camejo Viviane
Bought by
Arredondo Vanessa E
Seller's Agent
Karla Abaunza
Luxury Living Realty
Buyer's Agent
Daniel Guaty
Allte Realty
List Price
$5,200,000
Sold Price
$4,500,000
Premium/Discount to List
-$700,000
-13.46%
Total Days on Market
168
Views
40
Current Estimated Value
$4,717,924

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$217,924
Avg. Annual Appreciation
5.40%

Purchase Details

Closed on
Dec 21, 1998
Sold by
Eduardo and Camejo Maria E
Bought by
Camejo Eduardo

Purchase Details

Closed on
Oct 11, 1996
Sold by
G B Residences Of Key Biscayne Ltd
Bought by
Camejo Cabrer Eduardo and Camejo Cabrer Maria Elen
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $4,500,000 Old Republic National Title
Warranty Deed $100 --
Deed $1,000,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2024 07/09/24 Sold $4,500,000 -8.1% $1,230 / Sq Ft
03/01/2024 03/01/24 Price Changed $4,899,000 -5.8% $1,339 / Sq Ft
01/22/2024 01/22/24 For Sale $5,200,000 0.0% $1,421 / Sq Ft
03/01/2021 03/01/21 Rented $9,800 0.0% --
02/04/2021 02/04/21 Under Contract -- -- --
02/02/2021 02/02/21 For Rent $9,800 +30.7% --
02/23/2018 02/23/18 Rented $7,500 -12.8% --
02/23/2018 02/23/18 Under Contract -- -- --
10/20/2017 10/20/17 For Rent $8,600 -- --
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
2024 $46,244 $3,154,745 -- --
2023 $46,244 $2,867,950 $0 $0
2022 $41,635 $2,607,228 $0 $0
2021 $39,928 $2,414,100 $0 $0
2020 $39,857 $2,414,080 $0 $0
2019 $40,257 $2,624,000 $0 $0
2018 $34,931 $2,322,312 $0 $0
2017 $32,778 $1,889,658 $0 $0
2016 $32,022 $1,717,871 $0 $0
2015 $30,693 $1,561,701 $0 $0
2014 $30,189 $1,419,729 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11515637

MIAMI REALTORS® MLS

APN: 24-5205-049-0740