# Key Colony Emerald Bay

As of 2026-10-31, Key Colony Emerald Bay in Key Biscayne has 4 units for sale at a median asking price of $2.08M ($1,106/sqft); 15 units sold in the last 12 months.

Emerald Bay is a resort-style, oceanfront condominium located in the heart of Key Biscayne.

## Key facts

| | |
|---|---|
| Address | 151 Crandon Blvd |
| Neighborhood | Key Biscayne |
| Year built | 1980 |
| Floors | 12 |
| Units | 283 |
| Waterfront | yes |
| Developer | Fritz Scharenberg |
| For sale | 4 |
| Pending | 3 |
| Median asking price | $2,085,000 |
| Median asking $/sqft | $1,106/sqft |
| Sold, last 12 months | 15 |
| Median sold $/sqft, 12 months | $816/sqft |
| Months of inventory | 3.2 |
| Median HOA | $2,536/mo |
| Parking | The building offers covered parking, with some units including one, two, or three assigned spaces. |

## Own Miami measures

- **own.miami Building Score: 64 (B+)**
  - Value: 18 — $1,106/sqft — vs. Key Biscayne condos, then all of Miami
  - Momentum: 78 — +11.6% $/sqft over 6 months
  - Liquidity: 58 — 3.2 months of supply · 129 days on market
  - Health: 100 — Verified records on file — nothing adverse
  - Waterfront: 90 — Waterfront building
  - Age: 28 — Built 1980 — vs. Key Biscayne buildings
- **Own Miami Condo Index: 134** (above_market; 100 = the market-median building, 200 = twice its $/sqft; rank 186 of 698 tracked Miami condos)
- **Financeability Index: 67** (good; 12-month window, 10 recorded mortgages, 31% of sales bank-financed, lowest down payment 20%, as of 2026-10-31)
- Special-assessment outlook: elevated (next structural milestone inspection due 2035)

## Building health (verified public records)

- Public records checked 2026-10-28: no liens, lawsuits or regulatory complaints found
- positive: Bank financing — 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. (2026-10-31)
- info: Special assessment reported as paid — noted on 1 listings (2026-09-02)
- Legal & regulatory: 0 material cases active, 0 disputes active, 0 DBPR complaints (36 months)

## Frequently asked questions

**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.

## Related pages

- [Key Biscayne — neighborhood guide](https://own.miami/key-biscayne)
- [All units for sale at Key Colony Emerald Bay](https://own.miami/buildings/key-colony-emerald-bay/for-sale)
- [Commodore Club South](https://own.miami/buildings/commodore-club-south)
- [Casa Del Mar](https://own.miami/buildings/casa-del-mar)
- [Commodore Club West](https://own.miami/buildings/commodore-club-west)
- [Tidemark at Key Colony](https://own.miami/buildings/tidemark-at-key-colony)

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Source: Own.Miami — https://own.miami · data as of 2026-10-31
Canonical page: https://own.miami/buildings/key-colony-emerald-bay
License: CC BY 4.0 — https://creativecommons.org/licenses/by/4.0/
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