NOT LISTED FOR SALE

455 Grand Bay Dr Unit 625 Key Biscayne, FL 33149

Village of Key Biscayne Neighborhood

Estimated Value: $752,287 - $1,203,000

-- Bed
1 Bath
378 Sq Ft
$920/mo HOA Fee

Last Sold October 26, 2018

Last sale price $625,000 $1,653 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $6,652/month

21 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Marble Flooring
  • Key Biscayne K-8 Center Rated A-
  • Fitness Center
  • Main Floor Bedroom

About This Home

As of October 2018

Ocean front studio at The Ritz-Carlton in Key Biscayne. This property has been hotel renovated so it can be placed in the hotel rental program. The building has had a multi million dollar renovation offering new state of the art restaurant with views to the ocean, along with (2) beach side restaurants and an in house cafe. Hotel amenities include concierge service, valet, gym, tennis, spa, beach service and more. Enjoy the use of this 5 diamond resort property while you have the hotel manage it when you are away.

Last Agent to Sell the Property

Lourdes Lorenzo Luaces

Arch Realty Inc License #0665516 Listed on: 09/21/2018

Last Buyer's Agent

Lourdes Lorenzo Luaces

Arch Realty Inc License #0665516 Listed on: 09/21/2018

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,268

Year Built

  • Built in 2001

Lot Details

  • Ocean Front
  • East Facing Home
  • Fenced

HOA Fees

  • $920 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Entry on the 6th 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

  • Main Floor Bedroom
  • Studio bedroom
  • 1 Full Bathroom

Home Security

Schools

  • Keybiscayne Elementary School
  • Mast Academy High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 24-52-05-061-1760

Community Details

Overview

  • 188 Units
  • Grand Bay Resort Condo
  • G B Resort Condo Hotel Subdivision
  • 14-Story Property

Amenities

  • Doorman
  • Sauna
  • Bike Room

Recreation

  • Tennis Courts
  • Fitness Center
  • Heated Community Pool

Pet Policy

  • Breed Restrictions

Building Details

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,268

Year Built

Built in 2001

Lot Details

0

HOA Fees

$920 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2001
  • Property Sub Type: Condominium
  • Entry Level: 6
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, 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
  • Full Bathrooms: 1
  • Flooring: Carpet, Marble
  • Furnished: Furnished
  • Living Area: 378
  • Possible Use: Investment
  • Stories: 14
  • Bedroom Features: At Least 1 Bedroom Ground Level, Studio

Exterior Features

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

Garage/Parking

  • Park Building Name: Grand Bay Resort Condo
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: Covered

Utilities

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

Condo/Co-op/Association

  • Association Fee: 920
  • Amenities: Bike Storage, Exercise Room, Heated Pool, Pool, Sauna, Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

  • Elementary School: Keybiscayne
  • High School: Mast Academy

Lot Info

  • Parcel Number: 24-52-05-061-1760
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 920
  • Number Of Units In Community: 188
  • Number Of Units Total: 188

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 6268

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2018
Closed on
Oct 24, 2018
Sold by
Lawless Andrew and Lawless Yvette
Bought by
Hotel Beach Llc
Seller's Agent
Lourdes Lorenzo Luaces
Arch Realty Inc
Buyer's Agent
Lourdes Lorenzo Luaces
Arch Realty Inc
List Price
$650,000
Sold Price
$625,000
Premium/Discount to List
-$25,000
-3.85%
Current Estimated Value
$934,822

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$309,822
Avg. Annual Appreciation
5.99%

Purchase Details

Closed on
Apr 18, 2006
Sold by
Delpriore Hugo
Bought by
Lawless Andrew and Lawless Yvette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
6.62%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 25, 2005
Sold by
Sunriver Consultants Ltd
Bought by
Delpriore Hugo

Purchase Details

Closed on
Aug 20, 2001
Sold by
G B Hotel Partners
Bought by
Sunriver Consultants Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
7.19%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Hotel Beach Llc $625,000 Attorney
Lawless Andrew $525,000 Attorney
Delpriore Hugo $360,000 --
Sunriver Consultants Ltd $180,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lawless Andrew $408,000
Previous Owner Sunriver Consultants Ltd $126,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/26/2018 10/26/18 Sold $625,000 -3.8% $1,653 / Sq Ft
10/05/2018 10/05/18 Pending -- -- --
09/14/2018 09/14/18 For Sale $650,000 -- $1,720 / 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 $9,067 $553,429 -- --
2024 $8,503 $503,118 -- --
2023 $8,503 $457,380 $0 $0
2022 $7,410 $448,232 $0 $0
2021 $6,705 $407,484 $0 $0
2020 $6,728 $407,484 $0 $0
2019 $6,743 $407,400 $0 $0
2018 $6,214 $388,000 $0 $0
2017 $6,268 $388,000 $0 $0
2016 $6,416 $388,000 $0 $0
2015 $6,245 $369,520 $0 $0
2014 $6,097 $338,086 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lourdes Lorenzo Luaces

    Seller's Agent in 2018

    Lourdes Lorenzo Luaces

    Arch Realty Inc

    (305) 205-2266

    28 in this area

    40 Total Sales

    Lourdes Lorenzo Luaces
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10541932

MIAMI REALTORS® MLS

APN: 24-5205-061-1760

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

455 Grand Bay Dr Unit 625, Key Biscayne, FL

This home is located at 455 Grand Bay Dr Unit 625, Key Biscayne, FL 33149 since 21 September 2018 and is currently estimated at $934,822, approximately $2,473 per square foot. This property was built in 2001. 455 Grand Bay Dr Unit 625 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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