Home » Key Biscayne » The Ritz Carlton at 455 Grand Bay Dr Key Biscayne » 455 Grand Bay Dr 814, Key Biscayne, FL 33149 | A11526627

Sold 455 Grand Bay Dr 814, Key Biscayne, FL 33149

$687,000
closed for a price of $687,000

Property Highlights

Listing ID A11526627 Status of this Listing: Closed Sold Property Type Residential Condominium In a Condo Hotel 1 Bathrooms Total 1 Full Bath Living Space 354 Sqft/32.89 m2 approx. Building Area 354 Sqft/32.89 m2 approx. COMMUNITY POOL Year Built 2001 Waterfront Lease Term Minimum Duration: 1 What it means?Refers to a regulation set by the property association, stipulating that each rental agreement for the property must be for a duration of at least 1 days. This rule ensures that every time the property is rented out, the lease term cannot be shorter than the specified minimum period. Short Term Rentals Allowed (less than 6 months) Time of this property from published date until Closing Date 12 Days

455 Grand Bay Dr 814, Key Biscayne, FL 33149

Property Description: A L E R T INVESTORS, AIRBNB OK, Unit completely remolded with nice Queen bed and full bed. Balcony and Terrace located at THE RITZ CARLTON KEY BISCAYNE 5* HOTEL. THE GUEST OF YOU ROOM HAVE ACCESS AT ALL AMENITIES OF THE HOTEL AND THE OWNER TOO. SHORT TERM RENTAL, YOU CAN RENT WITH THE HOTEL PROGRAM OR BY YOURSELF. ALL IS INCLUDED IN THE HOA.Enjoy 2 swimming pool, tennis courts, bespoke gym and spa.3 first-class restaurant.Balcony and terrace from 8th floor with beautiful panoramic water and city views. gross rental 2021: $90,252 - up 20% in the first quarter of 2022, net profit after management fee: 8%,net profit if managed by yourself: 11%

Useful Info

Contingency:Other
Original List Price:$687,000
Close Price:$687,000

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Condo-hotel
Entry Level (floor):8
Entry Level Location:8
Construction Materials:
  • Block
Flooring:
  • Carpet
  • Ceramic Tile
Number of stories:12
Possible Use:
  • Investment

Property Features

Has View:Yes
View from the Property:
  • Water
Waterfront:Yes
Waterfront Features:
  • Ocean Access
Swimming Pool Features:
  • Association
Security:
  • Fire Sprinkler System
  • Elevator Secured
Appliances:
  • Microwave
  • Refrigerator
  • Ice Maker
Interior Features:
  • Fireplace
  • Bar
Exterior Features:
  • Security/high Impact Doors
  • Balcony
  • Tennis Court(s)
Patio and Porch Features:
  • Balcony
  • Open
Fireplace:Yes
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Other Equipment:
  • Intercom

Taxes and Expenses

Tax Annual Amount:$7,767

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2023
Association Fee:$1,100
Association Fee Frequency:
  • Monthly
Property Tax Status:Tax Reflects Disability Exemption,Tax Reflects Homestead Tax

Terms

Listing Terms Considered by Seller:
  • Cash
Occupant Type:
  • Call Agent
Buyer Possession:
  • Close Of Escrow
Buyer Financing:
  • Cash
Lease Considered:No

Community

Pets Allowed?:
  • Size Limit (There are size restrictions on allowed pets)
  • Yes
Amenities Provided by the Homeowner's Association (HOA):
  • Pool
  • Cabana
  • Trash
  • Fitness Center
  • Tennis Court(s)
Subdivision Name:G B RESORT CONDO HOTEL
Association Fee Includes:
  • Cable Tv
  • Hvac
Complex Name:RITZ CARLTON
Senior Community:No
Restrictions: Daily Rentals Allowed

Parking

Garage:Yes
Garage Spaces:1
Covered Spaces:1
Parking Features:
  • One Space

More Details

Other Information:
Unit ViewWater View
Housing Older Persons ActNo HOPA
Unit DesignCorner Unit
Type of AssociationCondo
Minimum Number of Days for Lease1
Type of Governing BodiesCondominium
Tax InformationTax Reflects Disability Exemption,Tax Reflects Homestead Tax
Number of times allowed to lease per year365
Flood ZoneAE
Homeowner's Association Application Fee0
Style Condo-Hotel
FEMA Flood Zone DesignationsAE
Municipal Code24
Subdivision Number61
Pet Fee100
Buyer Country of ResidenceColombia
Water Access Description:Deeded Beach Access

Zoning and Legal

Tax Legal Description:G B RESORT CONDO HOTEL UNIT 814 UNDIV 0.282 INT IN COMMON ELEMENTS OFF REC 19670-4016 OR 19759-1720 0501 1
Real Estate Folio Number (Parcel Number):24-52-05-061-0970
Public Survey Township:24
Public Survey Range:52
Public Survey Section:5

Listing History

Update/EventDate/Days
Published Date:February 2, 2024 7:23 pm
On Market Date:January 1, 2023
Close Date:February 14, 2024
Price Change Date Time:February 2, 2024 7:15 pm
Last Important Update Description:Closed
Date and Time of Last Important Update:April 11, 2024 4:53 pm
Status Last Changed:April 11, 2024 4:53 pm
Photos Last Modified:February 3, 2024 12:33 am
Last Modified:April 11, 2024 8:54 pm
Days on the Market Reference Date:April 11, 2024
Days on the Market (updated on Last Modified*):365
Cumulative Days on the Market (updated on Last Modified**):365

Additional Information

Unit Location:Corner Unit
Number of Photos:51
Location:,,
Included:,,
Area:52
Courtesy of:Serhant
Universal Property Id:US-12025-N-2452050610970-R-N

Location

Show Property Address:Yes
Street Name:Grand Bay Dr
Street Number:455
Street Address:455 Grand Bay Dr 814
Unit Number:814
City : Key Biscayne
State : Florida
Zip Code : 33149
County : Miami-Dade County
Full Address:455 Grand Bay Dr 814, Key Biscayne, FL 33149
Latitude:N25° 41' 30''
Longitude:W81° 50' 27''

Neighborhood

Postal City:Key Biscayne

Property Map

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