NOT LISTED FOR SALE

Grand Bay Residences 445 Grand Bay Dr Unit PH1A Key Biscayne, FL 33149

Village of Key Biscayne Neighborhood

Estimated Value: $6,871,138 - $10,804,000

5 Beds
5.5 Baths
8,435 Sq Ft
1997 Built

Last Sold March 09, 2022

Last sale price $11,375,000 $1,349 Per Sq Ft

Est. 23% decrease in value since last sale

Current estimated payment $59,573/month

65 Days on Market

Highlights

  • Valet Parking
  • Fitness Center
  • Senior Community
  • Ocean Front
  • Penthouse
  • Vaulted Ceiling

About This Home

As of March 2022

Welcome home to the most desirable penthouse in Key Biscayne as featured in Architectural digest! Located in a world-class condominium, this one-of-a-kind corner PH offers elegance, comfort, and unparalleled luxury. Stunning views of the ocean, bay and Miami skyline make this PH irreplaceable. As per developer’s floor plan this PH offers 8,435 SF under A/C plus 2,825 SF of terraces for a total of 11,260 SF with imposing 12 ft ceilings throughout. Meticulously designed, this oasis has top of the line finishes offering a majestic foyer, breathtaking oversized living room, dining room, fabulous kitchen and family room, exquisite mahogany library, bar, splendid master suite and bathroom with huge closets, plus 4 in suite bedrooms, powder room and the most impressive and striking terraces.

Last Agent to Sell the Property

Brigitte Nachtigall

One Sotheby's International Realty License #0542022 Listed on: 10/09/2021

One Sotheby's International Realty

Co-Listed By

Jorge Boj

One Sotheby's International Realty License #3016066

Last Buyer's Agent

Barbara Lamar

One Sotheby's International Realty License #0498249

One Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $54,141

Year Built

  • Built in 1997

Lot Details

  • Ocean Front
  • East Facing Home

Property Views

  • Direct Ocean
  • Bay

Home Design

  • Penthouse
  • Concrete Block And Stucco Construction

Interior Spaces

  • 8,435 Sq Ft Home
  • Wet Bar
  • Built-In Features
  • Vaulted Ceiling
  • Drapes & Rods
  • Blinds
  • Entrance Foyer
  • Great Room
  • Family Room
  • Formal Dining Room
  • Den

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Built-In Oven
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet
  • Bidet
  • Dual Sinks
  • Bathtub
  • Shower Only in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • 2 Car Parking Spaces
  • Covered Parking
  • Automatic Garage Door Opener
  • Secured Garage or Parking

Outdoor Features

  • Property has ocean access

Schools

  • Keybiscayne Elementary School

Utilities

  • Cooling Available
  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 24-52-05-049-1350

Community Details

Overview

  • Senior Community
  • Property has a Home Owners Association
  • 138 Units
  • High-Rise Condominium
  • Grand Bay Condos
  • Grand Bay Residences Cond,Grand Bay Subdivision
  • The community has rules related to no recreational vehicles or boats, no trucks or trailers
  • Property has 1 Level

Amenities

  • Valet Parking
  • Community Center
  • Party Room
  • Bike Room

Recreation

  • Community Pool

Pet Policy

  • Breed Restrictions

Building Details

  • Maintenance Expense $5,890

Security

  • Security Guard
  • Secure Elevator
  • High Impact Door
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$54,141

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1997
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit, High Rise, Penthouse
  • Co List Office Mls Id: GRTP01
  • Co List Office Phone: 305-365-0711
  • Entry Level: 14
  • Garage Yn: No
  • Horses: No
  • Inclusions: Deeded Beach Access
  • Unit Levels: 1
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: GRAND BAY RESIDENCES COND,GRAND BAY
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker, Microwave, Electric Range, Refrigerator, Wall Oven, Washer
  • Interior Amenities: Built-in Features, Closet Cabinetry, Entrance Foyer, Pantry, Volume Ceilings, Walk-In Closet(s), Wet Bar, Den/Library/Office, Family Room, Great Room
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: High Impact Doors
  • Entry Location: Foyer
  • Flooring: Carpet, Marble, Wood
  • Furnished: Unfurnished
  • Living Area: 8435
  • Other Equipment: Automatic Garage Door Opener
  • Possible Use: Primary
  • Stories: 14
  • Window Features: Blinds, Drapes
  • Bedroom Features: Master Bedroom Ground Level, Master Bath Shower, Master Bath Tub
  • Dining Room Features: Breakfast Area, Eat-In Kitchen, Formal Dining
  • Living Room Features: Den/Library/Office, Family Room, Great Room
  • Master Bathroom Features: Bidet, Dual Sinks, Separate Tub & Shower

Exterior Features

  • View: Bay, Ocean View, Direct Ocean
  • 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
  • Parking Features: 2 Or More Spaces, Covered, Valet, No Rv/Boats, No Trucks/Trailers

Utilities

  • Cooling: Electric
  • Cooling Y N: Yes
  • Electric: Fuse Box
  • Heating: Electric
  • Heating Yn: Yes
  • Security: Fire Alarm, Smoke Detector, Elevator Secure, Secured Garage/Parking, Guard At Site

Condo/Co-op/Association

  • Amenities: Bike Storage, Community Room, Exercise Room, Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Senior Community: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

  • Elementary School: Keybiscayne

Lot Info

  • Parcel Number: 24-52-05-049-1350
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 5890
  • Number Of Units In Community: 138
  • Number Of Units Total: 138

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 54141

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2021
Closed on
Mar 3, 2022
Sold by
Lowe Ding Trust
Bought by
Cohen Scot
Seller's Agent
Brigitte Nachtigall
One Sotheby's International Realty
Buyer's Agent
Barbara Lamar
One Sotheby's International Realty
List Price
$13,870,000
Sold Price
$11,375,000
Premium/Discount to List
-$2,495,000
-17.99%
Current Estimated Value
$8,735,379

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,639,621
Avg. Annual Appreciation
-9.18%
Original Mortgage
$8,531,250
Outstanding Balance
$7,900,098
Interest Rate
2.3%
Mortgage Type
New Conventional
Estimated Equity
$393,259

Purchase Details

Listed on
Oct 9, 2021
Closed on
Mar 2, 2022
Sold by
Sheldon Lowe
Bought by
Lowe Sheldon
Seller's Agent
Brigitte Nachtigall
One Sotheby's International Realty
Buyer's Agent
Barbara Lamar
One Sotheby's International Realty
List Price
$13,870,000
Sold Price
$11,375,000
Premium/Discount to List
-$2,495,000
-17.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,531,250
Outstanding Balance
$7,900,098
Interest Rate
2.3%
Mortgage Type
New Conventional
Estimated Equity
$393,259

Purchase Details

Closed on
Dec 16, 1997
Sold by
Gb Residences Of Key Biscayne
Bought by
Lowe Sheldon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
7.19%
Mortgage Type
New Conventional
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 Buyer Sale Price Title Company
Cohen Scot $11,375,000 Rodriguez Oscar J
Lowe Sheldon -- Heller Espenkotter Pllc
Lowe Sheldon $2,240,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cohen Scot $8,531,250
Previous Owner Lowe Sheldon $920,000
Previous Owner Lowe Sheldon $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/09/2022 03/09/22 Sold $11,375,000 -18.0% $1,349 / Sq Ft
12/13/2021 12/13/21 Pending -- -- --
10/09/2021 10/09/21 For Sale $13,870,000 -- $1,644 / 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
2024 $133,167 $8,365,000 -- --
2023 $133,167 $8,365,000 $0 $0
2022 $54,649 $3,465,817 $0 $0
2021 $54,926 $3,364,871 $0 $0
2020 $54,141 $3,318,414 $0 $0
2019 $53,041 $3,243,807 $0 $0
2018 $50,350 $3,183,324 $0 $0
2017 $49,734 $3,117,850 $0 $0
2016 $49,851 $3,053,722 $0 $0
2015 $50,594 $3,032,495 $0 $0
2014 $51,361 $3,008,428 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brigitte Nachtigall

    Seller's Agent in 2022

    Brigitte Nachtigall

    One Sotheby's International Realty

    (305) 710-9664

    70 in this area

    85 Total Sales

    Brigitte Nachtigall
    Section Image
  • Jorge Boj

    Seller Co-Listing Agent in 2022

    Jorge Boj

    One Sotheby's International Realty

    (305) 803-6956

    43 in this area

    53 Total Sales

    Jorge Boj
    Section Image
  • Barbara Lamar

    Buyer's Agent in 2022

    Barbara Lamar

    One Sotheby's International Realty

    (305) 365-2811

    9 in this area

    13 Total Sales

    Barbara Lamar
    Section Image
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About Grand Bay Residences

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11107677

MIAMI REALTORS® MLS

APN: 24-5205-049-1350

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

445 Grand Bay Dr Unit PH1A, Key Biscayne, FL

This home is located at 445 Grand Bay Dr Unit PH1A, Key Biscayne, FL 33149 since 09 October 2021 and is currently estimated at $8,735,379, approximately $1,035 per square foot. This property was built in 1997. 445 Grand Bay Dr Unit PH1A 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.

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