NOT LISTED FOR SALE

Grand Bay Residences Key Biscayne, FL 33149

Estimated Value: $3,426,000 - $4,125,978

3 Beds
4.5 Baths
3,320 Sq Ft
1996 Built

Last Sold October 30, 2023

Last sale price $3,490,000 $1,051 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $23,672/month

212 Days on Market

Highlights

  • Doorman
  • Boat Dock
  • Property Fronts a Bay or Harbor
  • Key Biscayne K-8 Center Rated A-
  • Community Cabanas
  • Cooking Island

About This Home

As of October 2023

Biscayne Realty, Inc. is pleased to present a residential condominium opportunity in Key Biscayne, Florida.

Grand Bay Residences is one of the premier condominium projects in Florida fronting the beach in Key Biscayne and immediately adjacent to the Ritz Carlton Key Biscayne Hotel and Spa. Unit 707 is a meticulously maintained unit with custom cabinetry.

Last Agent to Sell the Property

William Holly

MMLS Assoc.-Inactive Member License #0583402 Listed on: 03/31/2023

Last Buyer's Agent

William Holly

MMLS Assoc.-Inactive Member License #0583402 Listed on: 03/31/2023

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $34,184

Year Built

  • Built in 1996

Parking

  • 2 Car Garage
  • Automatic Garage Door Opener
  • Assigned Parking

Home Design

  • Entry on the 7th floor

Interior Spaces

  • 3,320 Sq Ft Home
  • Ceramic Tile Flooring
  • Bay Views
  • Cooking Island

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Closet Cabinetry
  • Bathtub

Schools

  • Keybiscayne Elementary School
  • Nautilus Middle School
  • Mast Academy High School

Additional Features

  • Accessible Elevator Installed
  • Property Fronts a Bay or Harbor
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 24-52-05-049-0610

Community Details

Overview

  • Property has a Home Owners Association
  • High-Rise Condominium
  • Grand Bay Residences Cond Condos
  • Grand Bay Residences Cond Subdivision
  • 13-Story Property

Amenities

  • Doorman
  • Interior Hall

Recreation

  • Boat Dock
  • Community Cabanas

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Property Details

Home Type

Condominium

Est. Annual Taxes

$34,184

Year Built

Built in 1996

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1996
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Entry Level: 7
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Community Boat Dock
  • New Construction: No
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: GRAND BAY RESIDENCES COND
  • Year Built Details: Unknown
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Interior Hall, Lobby, Closet Cabinetry, Cooking Island, Elevator
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Ceramic Floor
  • Furnished: Unfurnished
  • Living Area: 3320
  • Other Equipment: Automatic Garage Door Opener
  • Possible Use: Primary
  • Stories: 13
  • Bedroom Features: Primary Bath Shower, Primary Bath Tub

Exterior Features

  • View: Bay
  • Exterior Features: Open Balcony
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: GRAND BAY RESIDENCES COND
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces, Assigned, Covered

Utilities

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

Condo/Co-op/Association

  • Amenities: Cabana
  • Association: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Schools

  • Elementary School: Keybiscayne
  • High School: Mast Academy
  • Middle Or Junior School: Nautilus

Lot Info

  • Parcel Number: 24-52-05-049-0610
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Maximum 20 Lbs

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 34184

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2023
Closed on
Oct 31, 2023
Sold by
Kbc Usrpi Holdings Inc
Bought by
Navarro Carlos Augusto and Casal Brandt Mairym
Seller's Agent
William Holly
MMLS Assoc.-Inactive Member
Buyer's Agent
William Holly
MMLS Assoc.-Inactive Member
List Price
$3,995,000
Sold Price
$3,490,000
Premium/Discount to List
-$505,000
-12.64%
Views
10
Current Estimated Value
$3,892,995

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$402,995
Avg. Annual Appreciation
5.19%
Original Mortgage
$1,700,000
Outstanding Balance
$1,663,359
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$2,229,636

Purchase Details

Listed on
Mar 31, 2023
Closed on
Oct 30, 2023
Sold by
Jacdom Holdings Ltd
Bought by
Kbc Usrpi Holdings Inc
Seller's Agent
William Holly
MMLS Assoc.-Inactive Member
Buyer's Agent
William Holly
MMLS Assoc.-Inactive Member
List Price
$3,995,000
Sold Price
$3,490,000
Premium/Discount to List
-$505,000
-12.64%
Views
10

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,700,000
Outstanding Balance
$1,663,359
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$2,229,636

Purchase Details

Closed on
Aug 25, 2023
Sold by
Jacdom Holdings Ltd
Bought by
Kbc Usrpi Holdings Inc

Purchase Details

Closed on
Apr 11, 2003
Sold by
Mansilla Investments Inc
Bought by
Jaodom Holdings Ltd

Purchase Details

Closed on
Sep 3, 1998
Sold by
Edgardo and Fortuna Ana C De
Bought by
Mansilla Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
6.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 19, 1998
Sold by
Chiva Holdings Inc
Bought by
Defortuna Edgardo and Defortuna Ana C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6.89%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 8, 1997
Sold by
Gb Residences Of Key Biscayne
Bought by
Chiva Holdings Inc
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
Navarro Carlos Augusto $3,490,000 None Listed On Document
Kbc Usrpi Holdings Inc -- None Listed On Document
Kbc Usrpi Holdings Inc -- None Listed On Document
Jaodom Holdings Ltd $1,512,000 West Flagler Title Company
Mansilla Investments Inc $1,400,000 --
Defortuna Edgardo $700,000 --
Chiva Holdings Inc $574,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Navarro Carlos Augusto $1,700,000
Previous Owner Chiva Holdings Inc $700,000
Previous Owner Chiva Holdings Inc $320,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2023 10/30/23 Sold $3,490,000 0.0% $1,051 / Sq Ft
04/05/2023 04/05/23 Off Market $3,490,000 -- --
03/31/2023 03/31/23 For Sale $3,995,000 -- $1,203 / 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 $38,564 $2,568,719 -- --
2024 $37,948 $2,496,326 -- --
2023 $37,948 $2,352,240 $0 $0
2022 $34,184 $2,138,400 $0 $0
2021 $32,785 $1,980,000 $0 $0
2020 $32,690 $1,979,970 $0 $0
2019 $35,238 $2,129,000 $0 $0
2018 $34,099 $2,129,163 $0 $0
2017 $45,558 $2,788,415 $0 $0
2016 $44,310 $2,534,923 $0 $0
2015 $42,350 $2,304,476 $0 $0
2014 $38,604 $2,094,979 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2023

    William Holly

    MMLS Assoc.-Inactive Member

See All Agents

About Grand Bay Residences

Source: MIAMI REALTORS® MLS

MLS Number: A11365580

MIAMI REALTORS® MLS

APN: 24-5205-049-0610

Florida Miami/Dade County Key Biscayne

33149

Not Listed for Sale

Condos

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