Own Key Biscayne

Mar Azul

600 Grapetree Dr · Built 1974 · 11 floors · 131 residences

4 for sale
For sale
4
0 pending · 12.0 mo supply
Median asking
$2.58M
from $1.89M
Median $/sqft
$985/sqft
$910/sqft sold, 12 mo
Days on market
32
83 to sell · 4 in 12 mo
Mar Azul
Listing photo · courtesy of Fortune Christie's International Real Estate · MLS #A11991372

Mar Azul is a boutique oceanfront condominium located on Key Biscayne, situated where the island meets the lush canopy of Bill Baggs Cape Florida State Park. The building features 126 residences and offers expansive views of the Atlantic Ocean, the South Beach skyline, and the Key Biscayne Lighthouse.

The property includes a variety of common amenities, including a swimming pool, an oceanfront fitness center, a party room, and a meeting/business room. The building is equipped with a 24-hour attended lobby and a gated entry for security. Recently updated common areas include a new lobby and a meditation garden.

Live near more of Miami

What surrounds Mar Azul: 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
57
/ 100
B
own.miami Score

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

Value28
$985/sqft — vs. Miami condos
Momentum50
Recent price trend
Liquidity63
12.0 months of supply · 32 days on market
Health90
No verified records yet — listing signals only
Waterfront90
Waterfront building
Age0
Built 1974
own.miami Condo Index
121100 = the median Miami condo, by price and liquidity.
Rank
#192 of 597 tracked Miami condos
Top 32% by price & liquidity
#21 of 36 in Key Biscayne
Momentum
→ Steady
$985/sqft median ask
Liquidity
Warm
See the full Condo Index →
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Inventory

Sold $/sqft trend

3-month rolling median of closed sales in Mar Azul; bars are closings per month.

$634$849$1065Oct 2023Jun 2024Apr 2025Feb 2026Jun 2026Sep 2026

Location

Nearby buildings within half a mile.

Building facts

Address
600 Grapetree Dr
Year built
1974
Floors
11
Residences
131
Waterfront
Yes

Amenities

  • · Beach access
  • · Fitness center
  • · Swimming pool
  • · 24-hour security
  • · Party room
  • · Business center
  • · Clubroom
  • · Storage

Building rules

Parking
The building offers assigned covered parking, with some units featuring side-by-side spaces and an electric vehicle charging station.

Special assessments & recertification outlook

Elevated
  • Built 1974 — a recurring structural milestone inspection is due around 2029

Estimated from Mar Azul’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 Mar Azul cost?+

There are 4 condos for sale at Mar Azul, from $1,890,000, with a median asking price of $2,575,000 ($985/sqft).

Is Mar Azul a good time to buy?+

Mar Azul currently has about 12.0 months of supply — a balanced pace.

How much are the HOA fees at Mar Azul?+

HOA / maintenance fees at Mar Azul run around $2,965 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 Mar Azul a waterfront building?+

Yes — Mar Azul is a waterfront building (Key Biscayne).

When was Mar Azul built?+

Mar Azul was built in 1974, 11 stories, 131 residences.

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