# Grand Bay Residences

As of 2026-10-17, Grand Bay Residences in Key Biscayne has 2 units for sale at a median asking price of $11.43M ($1,728/sqft); 2 units sold in the last 12 months.

Grand Bay Residences is a luxury oceanfront condominium located in a gated community on the grounds of the Ritz-Carlton in Key Biscayne.

## Key facts

| | |
|---|---|
| Address | 445 Grand Bay Dr |
| Neighborhood | Key Biscayne |
| Year built | 1996 |
| Floors | 14 |
| Units | 137 |
| Waterfront | yes |
| Developer | G. B. Residences OF KEY Biscayne, LTD. |
| For sale | 2 |
| Pending | 1 |
| Median asking price | $11,425,000 |
| Median asking $/sqft | $1,728/sqft |
| Sold, last 12 months | 2 |
| Median sold $/sqft, 12 months | $966/sqft |
| Months of inventory | 12.0 |
| Median HOA | $3,888/mo |
| Parking | Units may include 2 or 3 parking spaces plus storage. |

## Own Miami measures

- **own.miami Building Score: 52 (B−)**
  - Value: 8 — $1,728/sqft — vs. Key Biscayne condos, then all of Miami
  - Momentum: 50 — Recent price trend
  - Liquidity: 41 — 12.0 months of supply · 103 days on market
  - Health: 83 — Public records checked — no liens, lawsuits or complaints on file
  - Waterfront: 90 — Waterfront building
  - Age: 49 — Built 1996 — vs. Key Biscayne buildings
- **Own Miami Condo Index: 164** (above_market; 100 = the market-median building, 200 = twice its $/sqft; rank 104 of 698 tracked Miami condos)
- **Financeability Index: 51** (good; 12-month window, 5 recorded mortgages, 67% of sales bank-financed, lowest down payment —, as of 2026-10-31)
- Special-assessment outlook: elevated (next structural milestone inspection due 2031)

## Building health (verified public records)

- Public records checked 2026-10-29
- Legal & regulatory: 0 material cases active, 0 disputes active, 0 DBPR complaints (36 months)

## Frequently asked questions

**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..

## Related pages

- [Key Biscayne — neighborhood guide](https://own.miami/key-biscayne)
- [All units for sale at Grand Bay Residences](https://own.miami/buildings/grand-bay-residences/for-sale)
- [Ocean Club – Ocean Tower One](https://own.miami/buildings/ocean-club-ocean-tower-one)
- [Ocean Club – Ocean Tower Two](https://own.miami/buildings/ocean-club-ocean-tower-two)
- [Ocean Club – Club Tower Two](https://own.miami/buildings/ocean-club-club-tower-two)
- [Ocean Club – Club Tower One](https://own.miami/buildings/ocean-club-club-tower-one)

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Source: Own.Miami — https://own.miami · data as of 2026-10-17
Canonical page: https://own.miami/buildings/grand-bay-residences
License: CC BY 4.0 — https://creativecommons.org/licenses/by/4.0/
Methodology: https://own.miami/methodology · For AI assistants: https://own.miami/for-ai