Own Key Biscayne

Grand Bay Residences

445 Grand Bay Dr · Built 1996 · 14 floors · 137 residences

2 for sale
For sale
2
0 pending · 12.0 mo supply
Median asking
$10.71M
from $2.52M
Median $/sqft
$1,836/sqft
$966/sqft sold, 12 mo
Days on market
121
46 to sell · 2 in 12 mo
Grand Bay Residences
Listing photo · courtesy of Allte Realty · MLS #A12051760

Located in a secure gated community on the grounds of the Ritz-Carlton, Grand Bay Residences offers a resort-style lifestyle in the heart of Key Biscayne. The property is situated on 12 acres of oceanfront land featuring lush gardens, scenic walking paths, and direct beach access.

The building features a recently remodeled lobby and provides residents with a variety of amenities, including a fitness center, a conference room, and a resort-style pool. The property is positioned just steps from local dining, shopping, and the Ritz-Carlton's world-class facilities.

Part of the Grand Bay Residences complex

Sister towers that share the same development, address and often amenities — compare availability across the complex.

Live near more of Miami

What surrounds Grand Bay Residences: seasonal events, annual programs and lifestyle indexes, measured from the building.

Distances are straight-line, not walking or driving.

Getting around

Key Biscayne is a walkable urban neighborhood. Transit, parks, dining and landmarks within reach:

Crandon ParkBill Baggs Cape Florida State ParkRickenbacker CausewayCrandon Park MarinaKey Biscayne Village GreenMiami Seaquarium
52
/ 100
B−
own.miami Score

A data-grounded score for Grand Bay Residences from live market data — value, momentum, liquidity, building health, waterfront and age. Computed, not opinion.

Value8
$1,836/sqft — vs. Miami condos
Momentum50
Recent price trend
Liquidity41
12.0 months of supply · 121 days on market
Health90
No verified records yet — listing signals only
Waterfront90
Waterfront building
Age32
Built 1996
own.miami Condo Index
148100 = the median Miami condo, by price and liquidity.
Rank
#58 of 597 tracked Miami condos
Top 10% by price & liquidity
#4 of 36 in Key Biscayne
Momentum
→ Steady
$1,836/sqft median ask
Liquidity
Balanced
See the full Condo Index →
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Inventory

Sold $/sqft trend

3-month rolling median of closed sales in Grand Bay Residences; bars are closings per month.

$826$1246$1665Dec 2023Jul 2024May 2025Aug 2025Nov 2025Jul 2026

Location

Nearby buildings within half a mile.

Building facts

Address
445 Grand Bay Dr
Year built
1996
Floors
14
Residences
137
Waterfront
Yes

Amenities

  • · 24-hour concierge
  • · Valet
  • · Pool
  • · Fitness center
  • · Beach service
  • · Conference/meeting room
  • · Tennis

Building rules

Parking
Units may include 2 or 3 parking spaces plus storage.

Special assessments & recertification outlook

Elevated
  • Built 1996 — past its first structural milestone; next inspection around 2031

Estimated from Grand Bay Residences’s age and signals in active listings — not an official inspection or reserve report. Always verify the building’s milestone-inspection status and reserves with the association before buying.

Frequently asked

How much do condos at Grand Bay Residences cost?+

There are 2 condos for sale at Grand Bay Residences, from $2,520,000, with a median asking price of $10,710,000 ($1,836/sqft).

Is Grand Bay Residences a good time to buy?+

Grand Bay Residences currently has about 12.0 months of supply — a balanced pace.

How much are the HOA fees at Grand Bay Residences?+

HOA / maintenance fees at Grand Bay Residences run around $2,225 per month among units currently for sale; the exact fee varies by unit size and line, so confirm the current amount with the listing or the condo association.

Is Grand Bay Residences a waterfront building?+

Yes — Grand Bay Residences is a waterfront building (Key Biscayne).

When was Grand Bay Residences built?+

Grand Bay Residences was built in 1996, 14 stories, 137 residences.

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