Grand Bay Residences
445 Grand Bay Dr · Built 1996 · 14 floors · 137 residences
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.
Getting around
Key Biscayne is a walkable urban neighborhood. Transit, parks, dining and landmarks within reach:
A data-grounded score for Grand Bay Residences from live market data — value, momentum, liquidity, building health, waterfront and age. Computed, not opinion.
Get new listings here before the portals, and a straight answer from someone who knows the building.
Inventory
Sold $/sqft trend
3-month rolling median of closed sales in Grand Bay Residences; bars are closings per month.
Location
Nearby buildings within half a mile.
Building facts
- Address
- 445 Grand Bay Dr
- Year built
- 1996
- Floors
- 14
- Residences
- 137
- Developer
- G. B. Residences OF KEY Biscayne, LTD.
- 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
ElevatedPublic records checked Oct 29, 2026 (Miami-Dade Clerk, civil docket, Florida DBPR).
- 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.
Financeability
What the banks say about Grand Bay Residences: recorded purchase mortgages, the down payments they accepted, and the programmes in use.
- Mortgages recorded, 12 months
- 5
- 2 from banks and credit unions · purchases and refinances
- Sales bank-financed
- 67%
- 3 recorded sales, 12 months · Resales only
- Average down payment
- —
- Lowest down payment accepted
- —
Low confidence — few loans · As of 2026-10-31
Source: Miami-Dade County official records and the FHA/VA approval lists. Aggregates only; individual instruments are never shown. Compare with Key Biscayne
Flooding and storm surge
Public flood data at this building’s location, read Oct 22, 2026.
- FEMA flood zone
- Zone AE: high-risk area. FEMA maps a 1% yearly chance of flooding here.
- Base flood elevation on the map: 9.0 ft (NGVD29).
- Hurricane evacuation zone
- Zone A
- Miami-Dade storm surge planning zones run from A (called first) to E. The county decides which zones evacuate in a storm.
- Ground at the building
- 10.7 ft
- Lowest nearby street
- 9.0 ft
- Highest predicted tide, 2026
- 1.0 ft
Elevations in feet above the NAVD88 datum.
The lowest street next to this building sits 8.0 ft above this year’s highest predicted tide (Oct 27, 2026).
Estimated from public data, not a flood determination. Check the FEMA flood map and an elevation certificate for this building.
Legal & Regulatory
No material litigation foundCivil court cases involving the condominium association, classified by what they are about. Routine collections against individual owners are counted separately and do not affect the building’s standing.
- Active material lawsuits
- 0
- Owner / association disputes
- 0
- Routine collection cases
- 0
- DBPR complaints
- 0
- Open DBPR complaints
- 0
No civil cases involving the association were found on the Miami-Dade docket in the last five years.
DBPR registration PR1U023313 · Approved,Recorded. Public complaints on record with the Florida Division of Condominiums; investigations are confidential and not counted.
Court records are matched to the association by name and summarized by us; a case is a claim, not a finding. Ask the association for its litigation disclosure before buying.
Frequently asked
How much do condos at Grand Bay Residences cost?+
There are 2 condos for sale at Grand Bay Residences, from $3,950,000, with a median asking price of $11,425,000 ($1,728/sqft).
How much are the HOA fees at Grand Bay Residences?+
HOA / maintenance fees at Grand Bay Residences run around $3,888 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.
Who developed Grand Bay Residences?+
Grand Bay Residences was developed by G. B. Residences OF KEY Biscayne, LTD..
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