RENTED NOV 20, 2025

Mar Azul Condominium 600 Grapetree Dr Unit 9CN Floor 9 Key Biscayne, FL 33149

Estimated Value: $2,251,631 - $2,710,000

3 Beds
3 Baths
2,366 Sq Ft
1974 Built

Sale Details

Date Sold: November 13, 2017

Last sale price $1,690,000 $714 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $15,108 / mo

Highlights

  • Ocean Front
  • In Ground Pool
  • 1 Car Garage
  • Key Biscayne K-8 Center Rated A-
  • No HOA

About This Home

As of November 2025

Direct ocean view! Enjoy waterfront living in this beautifully remodeled three-bedroom, three-bathroom apartment. The home features elegant tile flooring throughout, a custom-designed kitchen with top-of-the-line appliances, and modern bath cabinets. Enjoy peace of mind with impact windows and doors, a separate laundry area, and spacious bathrooms with ample closet space. The large eat-in kitchen and oversized terrace make this home perfect for entertaining guests in style. The building offers resort-style amenities, including private beach access, pool, BBQ, gym and a penthouse party room with panoramic ocean views.

Last Agent to Rent the Property

Natalia Salgado

DLS International Realty License #3271579 Listed on: 07/18/2025

Last Renter's Agent

Dolores Urdapilleta

Urdapilleta Real Estate, LLC License #3245467

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 1974

Lot Details

  • Ocean Front

Parking

  • 1 Car Garage
  • Assigned Parking

Home Design

  • 2,366 Sq Ft Home
  • Entry on the 9th floor

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • In Ground Pool
  • Property has ocean access

Schools

  • Keybiscayne Elementary School
  • Ponce De Leon Middle School
  • Coral Gables High School

Listing and Financial Details

  • Property Available on 8/18/25
  • Assessor Parcel Number 24-52-04-011-0430

Community Details

Overview

  • No Home Owners Association
  • Mar Azul Condo
  • Mar Azul Condo Subdivision
  • 11-Story Property

Pet Policy

  • Breed Restrictions

Condo Details

Home Type

Condominium

Year Built

Built in 1974

Lot Details

0 Sq Ft Lot

Parking

1

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions
  • Available Date: 2025-08-18

Listing Details

  • Property Type: Residential Lease
  • Year Built: 1974
  • Property Sub Type: Condominium
  • Entry Level: 9
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Building Stories: 11
  • Structure Type: Condo/Co-Op/Annual, Condo
  • Subdivision Name: MAR-AZUL CONDO
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • LastStatus: Pending
  • CurrentPrice: 11000
  • InternetRemarks: Direct ocean view! Enjoy waterfront living in this beautifully remodeled three-bedroom, three-bathroom apartment.
  • ShowingTimeFlag: No
  • Special Features: VirtualTour
  • Stories: 11

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Furnished: Unfurnished
  • Living Area: 2366
  • Stories: 11

Exterior Features

  • Pool Features: In Ground
  • Pool Private: No
  • View: No
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: MAR-AZUL CONDO
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: Assigned

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Keybiscayne
  • High School: Coral Gables
  • Middle Or Junior School: Ponce De Leon

Lot Info

  • Parcel Number: 24-52-04-011-0430
  • Land Lease Amount Frequency: Monthly
  • Zoning: 6400

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2017
Closed on
Nov 9, 2017
Sold by
Demolina Elena G
Bought by
Eagle Azul Nine Inc
Seller's Agent
Elia Tarafa
MMLS Assoc.-Inactive Member
Buyer's Agent
Maureen Jauregui
Coldwell Banker Realty
List Price
$1,750,000
Sold Price
$1,690,000
Premium/Discount to List
-$60,000
-3.43%
Current Estimated Value
$2,529,908

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$839,908
Avg. Annual Appreciation
4.90%
Original Mortgage
$750,000
Outstanding Balance
$636,897
Interest Rate
4.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,893,011

Purchase Details

Closed on
Jul 20, 2017
Sold by
Demolina Elena G
Bought by
Demolina Elena G

Purchase Details

Closed on
Jan 7, 1997
Sold by
Ambridge Investments Inc
Bought by
Demolina Ramiro G and Demolina Elena G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Interest Rate
7.51%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Eagle Azul Nine Inc $1,690,000 Attorney
Demolina Elena G -- Attorney
Demolina Ramiro G $560,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eagle Azul Nine Inc $750,000
Previous Owner Demolina Ramiro G $448,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/20/2025 11/20/25 Rented $11,000 -8.3% --
10/24/2025 10/24/25 Under Contract -- -- --
08/20/2025 08/20/25 Price Changed $12,000 -3.2% $5 / Sq Ft
08/08/2025 08/08/25 Price Changed $12,400 -3.9% $5 / Sq Ft
07/18/2025 07/18/25 For Rent $12,900 +95.5% --
07/27/2018 07/27/18 Rented $6,600 -4.3% --
07/26/2018 07/26/18 Under Contract -- -- --
07/12/2018 07/12/18 For Rent $6,900 0.0% --
11/13/2017 11/13/17 Sold $1,690,000 -3.4% $714 / Sq Ft View Prior Sale
09/28/2017 09/28/17 Pending -- -- --
09/01/2017 09/01/17 For Sale $1,750,000 -- $740 / 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 $20,336 $1,267,324 -- --
2024 $18,791 $1,152,113 -- --
2023 $18,791 $1,047,376 $0 $0
2022 $16,474 $952,160 $0 $0
2021 $14,447 $865,600 $0 $0
2020 $14,734 $892,400 $0 $0
2019 $21,782 $1,316,000 $0 $0
2018 $21,953 $1,370,750 $0 $0
2017 $10,375 $681,448 $0 $0
2016 $10,393 $667,432 $0 $0
2015 $10,547 $662,793 $0 $0
2014 $10,706 $657,533 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Natalia Salgado

    Landlord's Agent in 2025

    Natalia Salgado

    DLS International Realty

    (305) 361-1720

    11 in this area

    31 Total Sales

    Natalia Salgado
    Section Image
  • Dolores Urdapilleta

    Tenant's Agent in 2025

    Dolores Urdapilleta

    Urdapilleta Real Estate, LLC

    (305) 790-9946

    61 in this area

    107 Total Sales

    Dolores Urdapilleta
    Section Image
  • Maureen Jauregui

    Seller's Agent in 2018

    Maureen Jauregui

    Coldwell Banker Realty

    (305) 361-1720

    36 in this area

    57 Total Sales

    Maureen Jauregui
    Section Image
  • Emma Jauregui

    Seller Co-Listing Agent in 2018

    Emma Jauregui

    Coldwell Banker Realty

    (786) 201-1707

    30 in this area

    52 Total Sales

    Emma Jauregui
    Section Image

  • M

    Buyer's Agent in 2018

    Mauricio Armando

    Blue Global Realty Corp

    (305) 510-8916

    1 Total Sale

    Mauricio Armando
    Section Image

  • E

    Seller's Agent in 2017

    Elia Tarafa

    MMLS Assoc.-Inactive Member

    Section Image
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About Mar Azul Condominium

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11842621

MIAMI REALTORS® MLS

APN: 24-5204-011-0430

Florida Miami/Dade County Key Biscayne 33149

600 Grapetree Dr Unit 9CN, 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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