NOT LISTED FOR SALE

455 Grand Bay Dr Unit 525 Key Biscayne, FL 33149

Estimated Value: $738,750 - $835,000

Studio
1 Bath
378 Sq Ft
2001 Built

Sale Details

Date Sold: April 15, 2024

Last sale price $750,000 $1,984 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $6,214 / mo

22 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Fitness Center
  • Key Biscayne K-8 Center Rated A-
  • Bar or Lounge
  • Marble Flooring

About This Home

As of April 2024

Rare opportunity to own an OCEAN FRONT studio w/a connecting one bedroom suite at The Ritz-Carlton in Key Biscayne. Just a drive away from Miami, this property presents the perfect location for those seeking refined living at one of Key Biscayne's most prestigious addresses. Make this your permanent residence or use it as a luxurious getaway, the option to have the residence staff manage and rent the property in your absence adds an extra layer of flexibility, ensuring a worry-free ownership experience while generating revenue. Wake up to sweeping ocean views & indulge in a lifestyle where every need is met effortlessly. From concierge services to spa treatments & beachfront dining, the hotel's amenities redefine relaxation. Studio to be purchased with the connecting One bedroom suite.

Last Agent to Sell the Property

Lourdes Lorenzo Luaces

Arch Realty Inc License #0665516 Listed on: 02/27/2024

Last Buyer's Agent

Lourdes Lorenzo Luaces

Arch Realty Inc License #0665516 Listed on: 02/27/2024

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,655

Year Built

  • Built in 2001

Lot Details

  • Ocean Front
  • Fenced

HOA Fees

  • $1,183 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Condo Hotel
  • Entry on the 5th floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 378 Sq Ft Home
  • Furnished
  • Direct Ocean Views

Kitchen

  • Electric Range
  • Microwave

Flooring

  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 1 Full Bathroom
  • Bathtub and Shower Combination in Primary Bathroom

Home Security

Accessible Home Design

  • Accessible Elevator Installed
  • Doors with lever handles

Schools

  • Keybiscayne Elementary School
  • Coral Gables Prep Academy Middle School
  • Mast Academy High School

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 24-52-05-061-1750

Community Details

Overview

  • High-Rise Community
  • Gb Resort Condo Hotel Condos
  • G B Resort Condo Hotel Subdivision
  • 14-Story Property

Amenities

  • Doorman
  • Bar or Lounge

Recreation

  • Tennis Courts
  • Fitness Center
  • Heated Community Pool

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,655

Year Built

Built in 2001

Lot Details

0 Sq Ft Lot

HOA Fees

$1,183 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2001
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Directions: Take Crandon Blvd, pass the park on your right. Turn left when you see the cascading fountain with the Ritz-Carlton sign. Tell the guard you're headed to The Ritz, drop your car off at valet and come see me at the on-site real estate office. See you soon!
  • Entry Level: 5
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo-Hotel, Condo
  • Subdivision Name: G B RESORT CONDO HOTEL
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Microwave, Electric Range, Refrigerator
  • Interior Amenities: First Floor Entry
  • Accessibility Features: Door Levers, Accessible Elevator Installed
  • Full Bathrooms: 1
  • Flooring: Carpet, Marble
  • Furnished: Furnished
  • Living Area: 378
  • Possible Use: Investment
  • Stories: 14
  • Bedroom Features: Entry Level
  • Master Bathroom Features: Combination Tub & Shower

Exterior Features

  • View: Direct Ocean
  • Exterior Features: None
  • Construction Type: CBS Construction
  • Fencing: Fenced
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: GB Resort Condo Hotel
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Fire Alarm, Doorman

Condo/Co-op/Association

  • Association Fee: 1183
  • Amenities: Bar, Elevator(s), Exercise Room, Exterior Lighting, Heated Pool, Pool, Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

  • Elementary School: Keybiscayne
  • High School: Mast Academy
  • Middle Or Junior School: Coral Gables Prep Academy

Lot Info

  • Parcel Number: 24-52-05-061-1750
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Maximum 20 Lbs

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 8655

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 30, 2025
Sold by
Neifra Llc
Bought by
Vmg Kb Properties Llc
Current Estimated Value
$803,938

Purchase Details

Listed on
Feb 27, 2024
Closed on
Apr 15, 2024
Sold by
Greengate Capital Llc
Bought by
Neifra Llc
Seller's Agent
Lourdes Lorenzo Luaces
Arch Realty Inc
Buyer's Agent
Lourdes Lorenzo Luaces
Arch Realty Inc
List Price
$750,000
Sold Price
$750,000
Views
37

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.45%

Purchase Details

Closed on
Nov 7, 2018
Sold by
Daly Thomas W and Cho Elizabeth S
Bought by
Greengate Capital Llc

Purchase Details

Closed on
Dec 22, 2015
Sold by
Daly Thomas W
Bought by
Daly Thomas W and Cho Elizabeth S

Purchase Details

Closed on
Apr 29, 2014
Sold by
International Rent & Sale Of Equipment C
Bought by
Daly Thomas W

Purchase Details

Closed on
Aug 2, 2006
Sold by
Caridad Martinez Debora and Martinez Andres
Bought by
International Rent & Sale Of Equipment S

Purchase Details

Closed on
Sep 14, 2001
Sold by
G B Hotel Partners
Bought by
Fgr Ritz 525 Corp
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Vmg Kb Properties Llc $750,000 Best Practices Title
Vmg Kb Properties Llc $750,000 Best Practices Title
Neifra Llc $750,000 Best Practices Title
Neifra Llc $750,000 Best Practices Title
Greengate Capital Llc -- Attorney
Daly Thomas W -- Attorney
Daly Thomas W $485,700 Attorney
International Rent & Sale Of Equipment S $700,000 Attorney
Fgr Ritz 525 Corp $175,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/15/2024 04/15/24 Sold $750,000 0.0% $1,984 / Sq Ft
03/21/2024 03/21/24 Pending -- -- --
03/15/2024 03/15/24 For Sale $750,000 0.0% $1,984 / Sq Ft
03/12/2024 03/12/24 Pending -- -- --
02/27/2024 02/27/24 For Sale $750,000 -- $1,984 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $9,233 $611,400 -- --
2024 $8,655 $526,259 -- --
2023 $8,655 $478,418 $0 $0
2022 $7,553 $434,926 $0 $0
2021 $6,506 $395,388 $0 $0
2020 $6,528 $395,388 $0 $0
2019 $6,546 $395,510 $0 $0
2018 $6,033 $376,680 $0 $0
2017 $6,085 $376,680 $0 $0
2016 $6,229 $376,680 $0 $0
2015 $6,063 $358,740 $0 $0
2014 $5,920 $328,224 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lourdes Lorenzo Luaces

    Seller's Agent in 2024

    Lourdes Lorenzo Luaces

    Arch Realty Inc

    (305) 205-2266

    25 in this area

    36 Total Sales

    Lourdes Lorenzo Luaces
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11540462

MIAMI REALTORS® MLS

APN: 24-5205-061-1750

Florida Miami/Dade County Key Biscayne 33149

455 Grand Bay Dr Unit 525, Key Biscayne, FL

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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