Home » Key Biscayne » The Ritz Carlton at 455 Grand Bay Dr Key Biscayne » 455 Grand Bay Dr 525, Key Biscayne, FL 33149 | A11540462

455 Grand Bay Dr 525, Key Biscayne, FL 33149 | Sold

$750,000
closed for a price of $750,000

Property Highlights

Listing ID A11540462 Status of this Listing: Closed Sold Property Type Residential Condominium 1 Bathrooms Total 1 Full Bath Living Space 378 Sqft/35.12 m2 approx. Building Area 378 Sqft/35.12 m2 approx. COMMUNITY POOL Year Built 2001 Waterfront Has view of the Ocean 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 48 Days
9 Photos of this Property

455 Grand Bay Dr 525, Key Biscayne, FL 33149

Property Description: Rare opportunity to own an OCEAN FRONT studio w/a connecting one bedroom suite at The Ritz-Carlton in Key Biscayne. Just a drive away from Miami, this property presents the perfect location for those seeking refined living at one of Key Biscayne 's most prestigious addresses. Make this your permanent residence or use it as a luxurious getaway, the option to have the residence staff manage and rent the property in your absence adds an extra layer of flexibility, ensuring a worry-free ownership experience while generating revenue. Wake up to sweeping ocean views & indulge in a lifestyle where every need is met effortlessly. From concierge services to spa treatments & beachfront dining, the hotel 's amenities redefine relaxation. Studio to be purchased with the connecting One bedroom suite.

Useful Info

Contingency:No Contingencies
Original List Price:$750,000
Close Price:$750,000

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Architectural Style:
  • High Rise
  • None
Entry Level (floor):5
Entry Level Location:5
Construction Materials:
  • Block
Flooring:
  • Carpet
  • Marble
Number of stories:14
Possible Use:
  • Investment

Property Features

View from the Property:
  • Ocean
Waterfront:Yes
Waterfront Features:
  • Ocean Front
Swimming Pool Features:
  • Heated
  • Association
Security:
  • Door Man
Accessibility Features:
  • Accessible Elevator Installed
  • Accessible Doors
Appliances:
  • Microwave
  • Refrigerator
  • Electric Range
Interior Features:
  • First Floor Entry
  • Bedroom On Main Level
  • Bar
Exterior Features:
  • Fence
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating:Yes
Heating System:
  • Central
Building Features:
  • Exterior Lighting

Taxes and Expenses

Tax Annual Amount:$8,655

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:$1,183
Association Fee Frequency:
  • Monthly
Property Tax Status:Tax Reflects City & County Tax

Terms

Listing Terms Considered by Seller:
  • Cash
  • Conventional
Occupant Type:
  • Call Agent
Buyer Possession:
  • Negotiable
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
  • Elevator(s)
  • Fitness Center
  • Tennis Court(s)
Subdivision Name:G B RESORT CONDO HOTEL
Association Fee Includes:
  • Maintenance Grounds
  • Sewer
  • Water
  • Trash
  • Cable Tv
  • Pool(s)
  • Association Management
  • Insurance
  • Parking
  • Reserve Fund
  • Internet
  • Hot Water
  • Legal/accounting
Complex Name:GB Resort Condo Hotel
Senior Community:No

Parking

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

Public Schools Assigned

Note: provided by seller, please contact the school district to confirm the school assignment for this property address.

Elementary School:Chapel Trail
High School:Mast Academy
Middle Or Junior School:Coral Gables Prep Academy

More Details

Other Information:
Unit View: Direct Ocean
Housing Older Persons Act: Unverified
Unit Design: High Rise,None
Type of Association: Condo
Minimum Number of Days for Lease: 1
Type of Governing Bodies: Condominium
Pet Fee: 0
Tax Information: Tax Reflects City & County Tax
Number of times allowed to lease per year: 365
Flood Zone : AE
Homeowner's Association Application Fee: 0
Style: Condo-Hotel
FEMA Flood Zone Designations: AE
Municipal Code: 24
Subdivision Number: 61
Buy State: Florida
Buyer Country of Residence: USA
Water Access Description:Other

Zoning and Legal

Tax Legal Description:G B RESORT CONDO HOTEL UNIT 525 UNDIV 0.298 INT IN COMMON ELEMENTS OFF REC 19670-4016 OR 19900-3671 19906-3672 08 2001 COC 24794-4781 08 200
Real Estate Folio Number (Parcel Number):24-52-05-061-1750
Public Survey Township:24
Public Survey Range:52
Public Survey Section:5

Listing History

Update/EventDate/Days
Published Date:February 27, 2024 12:52 pm
On Market Date:January 31, 2024
Close Date:April 15, 2024
Price Change Date Time:February 27, 2024 12:52 pm
Last Important Update Description:Closed
Date and Time of Last Important Update:April 27, 2024 7:31 am
Status Last Changed:April 27, 2024 7:31 am
Photos Last Modified:March 15, 2024 11:28 pm
Last Modified:April 27, 2024 11:31 am
Days on the Market Reference Date:April 27, 2024
Days on the Market (updated on Last Modified*):45
Cumulative Days on the Market (updated on Last Modified**):45

Additional Information

Unit Location:High Rise,None
Number of Photos Count:9
Area:52
Ref ID:1061736270
Automated Valuation Display:Yes
Courtesy of:Arch Realty Inc
Universal Property Id:US-12025-N-2452050611750-R-N

Location

Show Property Address:Yes
Street Name:Grand Bay Dr
Street Number:455
Street Address:455 Grand Bay Dr 525
Unit Number:525
City : Key Biscayne
State : Florida
Zip Code : 33149
County : Miami-Dade County
Full Address:455 Grand Bay Dr 525, Key Biscayne, FL 33149
Latitude:N25° 41' 30''
Longitude:W81° 50' 27''

Neighborhood

Postal City:Key Biscayne

Property Map

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