Key Colony Emerald Bay
151 Crandon Blvd · Built 1980 · 12 floors · 283 residences
Emerald Bay is situated in the heart of Key Biscayne within the Key Colony community. The building offers a resort-style atmosphere with a variety of views, including the Biscayne Bay, the Miami skyline, and the ocean. The property is characterized by its proximity to the beach and its extensive collection of amenities.
Residents have access to multiple swimming pools, including an Olympic-size pool and a waterfront pool with a snack bar. The community features 12 tennis courts, a fitness center, a children's playground, a dog run, and a library. Additional on-site conveniences include the Golden Hog Market, a beauty salon, and meeting rooms.
The building provides 24-hour security and concierge services. The grounds are described as lush and resort-style, offering a coastal lifestyle with direct beach access and various outdoor recreational spaces.
Getting around
Key Biscayne is a walkable urban neighborhood. Transit, parks, dining and landmarks within reach:
A data-grounded score for Key Colony Emerald Bay from live market data — value, momentum, liquidity, building health, waterfront and age. Computed, not opinion.
The stacks
7 lines · modeled from 49 salesCondos repeat vertically — each “line” is a stack of near-identical units up the tower. We reconstruct Key Colony Emerald Bay’s lines from its sale history: the floorplan, the view, and how $/sqft climbs with the floor.
| Line | Layout | Size | View | $/sqft | Per floor | Low→high floor | Sales |
|---|---|---|---|---|---|---|---|
| -02 | 2 bd · 2 ba | 1,506 sqft | Direct OceanWaterfront | $789/sqft | +$49 | $747/sqft → $944/sqft | 4 |
| -22Best value | 2 bd · 2 ba | 1,547 sqft | —Waterfront | $610/sqft | — | — | 3 |
| -23 | 2 bd · 2 ba | 1,778 sqft | BayWaterfront | $647/sqft | — | — | 3 |
| -26 | 2 bd · 2 ba | 1,532 sqft | BayWaterfront | $783/sqft | +$20 | $715/sqft → $793/sqft | 4 |
| -30 | 3 bd · 3 ba | 2,001 sqft | Ocean ViewWaterfront | $1,149/sqft | +$35 | $1,064/sqft → $1,240/sqft | 3 |
| -38 | 2 bd · 2 ba | 1,547 sqft | BayWaterfront | $789/sqft | — | — | 2 |
| -40 | 2 bd · 2 ba | 1,532 sqft | SkylineWaterfront | $625/sqft | +$76 | $578/sqft → $881/sqft | 3 |
Modeled from Key Colony Emerald Bay’s past listings and sales — a guide to the building’s layouts and floor premiums, not an official floor plan. “Per floor” is the average $/sqft change per floor up the stack.
What’s a unit here worth?
Pick a line and a floor — we estimate the value from Key Colony Emerald Bay’s own sales history.
Estimate only — not an appraisal. It reflects the line and floor, not a specific unit’s condition, renovations or view obstructions.
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 Key Colony Emerald Bay; bars are closings per month.
Location
Nearby buildings within half a mile.
Building facts
- Address
- 151 Crandon Blvd
- Year built
- 1980
- Floors
- 12
- Residences
- 283
- Developer
- Fritz Scharenberg
- Waterfront
- Yes
Amenities
- · Pool
- · Spa
- · Fitness/gym
- · Valet
- · Concierge
- · 24-hour security
- · Business center
- · Party/social room
- · Sauna
- · Tennis
- · Playground
- · Beach access
- · Dog park
- · Market
- · Salon
- · Restaurant
- · Library
Building rules
- Parking
- The building offers covered parking, with some units including one, two, or three assigned spaces.
Special assessments & recertification outlook
ElevatedPublic records checked Oct 28, 2026: no liens, lawsuits or regulatory complaints found for the association.
Verified records
- PositiveBank financingOct 31, 2026
Regulated lenders recorded 7 purchase or refinance loans on this building in the last 12 months, financing 31% of its recorded sales, and accepted a down payment as low as 20%. A bank writing a condominium loan has just checked the building's reserves, insurance, litigation and owner-occupancy against its own standards — verified due diligence, read from the public record. Financeability Index 67/100.
Source: Miami-Dade Clerk official records
- InfoSpecial assessment reported as paid — noted on 1 listingsSep 2, 2026
Source: MLS listing remarks
- Built 1980 — past its first structural milestone; next inspection around 2035
Estimated from Key Colony Emerald Bay’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 Key Colony Emerald Bay: recorded purchase mortgages, the down payments they accepted, and the programmes in use.
Regulated lenders are writing purchase loans here at ordinary down payments — their due diligence on reserves, insurance and litigation, verified by the public record.
- Mortgages recorded, 12 months
- 10
- 7 from banks and credit unions · purchases and refinances
- Sales bank-financed
- 31%
- 16 recorded sales, 12 months · Resales only
- Average down payment
- 37.4%
- Lowest down payment accepted
- 20%
High confidence · 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
- 4.1 ft
- Lowest nearby street
- 4.3 ft
- Highest predicted tide, 2026
- 1.0 ft
Elevations in feet above the NAVD88 datum.
The lowest street next to this building sits 3.3 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 PR1S004964 · 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 Key Colony Emerald Bay cost?+
There are 4 condos for sale at Key Colony Emerald Bay, from $1,250,000, with a median asking price of $2,085,000 ($1,106/sqft).
How much are the HOA fees at Key Colony Emerald Bay?+
HOA / maintenance fees at Key Colony Emerald Bay run around $2,536 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 Key Colony Emerald Bay a waterfront building?+
Yes — Key Colony Emerald Bay is a waterfront building (Key Biscayne).
When was Key Colony Emerald Bay built?+
Key Colony Emerald Bay was built in 1980, 12 stories, 283 residences.
Who developed Key Colony Emerald Bay?+
Key Colony Emerald Bay was developed by Fritz Scharenberg.
We track every listing here, every day. Get the next one before it hits the portals — and a straight answer from someone who knows the building.
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