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Waterfront · Condominium
$12,990,000$1,755 / sqft
445 Grand Bay Drive # 2A, Key Biscayne FL 33149
Listed
4
Bedrooms
6
Bathrooms
7,400 sqft
Interior
1996
Year built
None
HOA
Condominium
Type
About this home
Experience oceanfront living at its finest in this extraordinary floor-through penthouse at Grand Bay Residences, one of Key Biscayne’s most prestigious luxury addresses. Encompassing an impressive 7,400 square feet under A/C, this exceptional residence offers breathtaking panoramic views of the Atlantic Ocean, Biscayne Bay, and the Miami skyline. Two magnificent, oversized terraces facing east and west create an unparalleled indoor-outdoor living experience, where spectacular sunrises over the ocean and unforgettable sunsets over the bay become part of everyday life. Beautifully upgraded and designed for both grand entertaining and comfortable living, the residence features expansive living areas, an elegant formal dining room, gourmet kitchen, and private home theater. The magnificent primary suite is a true private sanctuary, featuring a generous walk-in closet and two separate, beautifully appointed bathrooms, offering the ultimate in comfort, privacy, and luxury. Three additional spacious bedrooms, each with its own en-suite bathroom, provide exceptional comfort and privacy. Residents enjoy an extraordinary resort-style lifestyle with direct beach and ocean access, concierge and valet services, a state-of-the-art fitness center, a spectacular swimming pool, and the impeccable service of Grand Bay’s dedicated professional staff. A rare opportunity to own a truly remarkable penthouse where space, sophistication and breathtaking views capture the best of this island.
Features
- Built-in Features
- Closet Cabinetry
- Fire Sprinklers
- Entrance Foyer
- Pantry
- Walk-In Closet(s)
- Family Room
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 4-bed rentals in Key Biscayne, from 5 active listings; the middle half ask $12,000–$18,000.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.