Mar Azul is a waterfront condominium at 600 Grapetree Dr on Key Biscayne with 131 residences across 11 floors, completed in 1974. It sits in FEMA flood zone AE, part of the Special Flood Hazard Area, where lenders require flood insurance for a federally backed or federally regulated mortgage. The building is also in Miami-Dade hurricane evacuation zone A. The lowest street next to the building is 3.2 ft above the highest tide predicted for 2026 at Virginia Key.
On the 2025 Florida tax roll, 47% of the 131 units carry a homestead exemption, and 30% are owned by a company or trust. The Miami-Dade Clerk recorded 5 resale deeds in the 12 months to October 21, 2026. Financeability is rated good, with an index of 68 of 100, and regulated lenders have financed purchases in the building in the last two years.
A public records check last run on October 22, 2026 found no liens, lawsuits or regulatory complaints at watch level or higher.
Getting around
Key Biscayne is a walkable urban neighborhood. Transit, parks, dining and landmarks within reach:
A data-grounded score for Mar Azul 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 Mar Azul; bars are closings per month.
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
ElevatedPublic records checked Oct 29, 2026: no liens, lawsuits or regulatory complaints found for the association.
Verified records
- PositiveBank financingOct 31, 2026
Regulated lenders recorded 5 purchase or refinance loans on this building in the last 12 months, financing 40% 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 68/100.
Source: Miami-Dade Clerk official records
- 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.
Financeability
What the banks say about Mar Azul: 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
- 6
- 5 from banks and credit unions · purchases and refinances
- Sales bank-financed
- 40%
- 5 recorded sales, 12 months · Resales only
- Average down payment
- 33.7%
- 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: 8.0 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
- 7.2 ft
- Lowest nearby street
- 4.2 ft
- Highest predicted tide, 2026
- 1.0 ft
Elevations in feet above the NAVD88 datum.
The lowest street next to this building sits 3.2 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 PR1S016401 · 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 Mar Azul cost?+
There are 3 condos for sale at Mar Azul, from $1,890,000, with a median asking price of $2,220,000 ($1,001/sqft).
How much are the HOA fees at Mar Azul?+
HOA / maintenance fees at Mar Azul run around $2,663 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.
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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