Closed

The Ritz-Carlton Key Biscayne, 455 Grand Bay Dr #517, Key Biscayne, FL 33149

675,000(-3.7% )
StudioBeds
1Baths
532SqFt

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Details

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Status:
Sold - May 27, 2025
Parking: 1
Size: 532 SqFt (49 m2)
Price: $1,222/SqFt ($13,152/m2)
Type: Condo
Built: 2001
HOA: $1,629/MO
MLS Number: A11659149
View: Ocean
On Site: 331 Days
Updated: 66 Days ago
Page Views: 0
Ritz carlton, key biscayne - fully remodeled master suite - professionally managed - generates in vacation rental +80k$/per year & 10%+ net return. 60k$ from june to august alone and 91.5% occupancy. Key biscayne is an island, one of the most prestigious address in the usa. The ritz carlton is the only prestigious hotel on this heavenly luxury and luxuriant island in miami. All 5-star hotel amenities, utilities and room service included in hoa luxurious spa & huge fitness center, 2 amazing oceanfront pools (adults and kids), jacuzzi, 3 restaurants, tennis court, beach service, kids programs, hair salon
Features
Bedrooms
  • Bedrooms: No info
Bathrooms
  • Bathrooms: 1
  • Half Bathrooms: No info
Exterior and Lot Features
  • Exterior Features: Balcony, Barbecue, TvAntenna, TennisCourts
  • View: Ocean
Interior, Heating and Cooling
  • Interior Features: BedroomOnMainLevel, FirstFloorEntry
  • Equipment / Appliances: ElectricWaterHeater
  • Heating Description: Central,Electric
  • Cooling Description: CentralAir,Electric
Building and Construction
  • Floor Description: Carpet,Marble
  • Year Built: 2001
  • Year Built Description: Condo-Hotel
  • Style: HighRise
Waterfront and Water Access
  • Waterfront Frontage: Yes
School Information
    Other Property Info
    • Garage: 1
    • Listing Date: 2024-09-13T21:28:58.000-00:00
    • Pets Allowed: Conditional,Yes
    Taxes, Fees & More
    • Maintenance Includes: AssociationManagement, CommonAreas, CableTv, Internet, MaintenanceGrounds, Security, Water
    • Taxes: 8136
    • Security Information: DoorMan
    • Parking Description: OneSpace
    • Total Floors in Building: 12

    Price History

    05/27/2025

    Date

    Sold

    Event

    $650K

    Price

    -3.7%

    Change Rate

    $1,222 ft2 / $13,152 m2

    Price Per

    09/13/2024

    Date

    Listed

    Event

    $675K

    Price

    $1,269 ft2 / $13,657 m2

    Price Per

    Price per square foot and days on website are not provided values and are calculated by Subdivisions.

    Listed by Arthur PorosoffCompass Florida, LLC. • Buyer Agency Compensation .

    Instant Comps

    $1,100/ft²
    $1,300/ft²
    $1,700/ft²
    $2,000/ft²

    Unit #517 – Asking

    $1,222/ft²

    (-34%) from Closed Medium $/ft²

    Closed Medium $/ft²

    $1,862/ft²
    Community $/Price Range (Closed) $1222/ft² – $1888/ft²
    No Comparable Units Found: We couldn't locate comparable properties at this time. Contact us for a FREE, no-obligation Comparative Market Analysis (CMA) from a licensed RE advisor.
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