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Waterfront · Condominium
$18,900,000$2,241 / sqft
445 Grand Bay Drive # 1A, Key Biscayne FL 33149
Listed
5
Bedrooms
6
Bathrooms
8,435 sqft
Interior
1997
Year built
None
HOA
Condominium
Type
About this home
High above the turquoise waters of Key Biscayne rises a penthouse that simply cannot be replicated. Once featured in Architectural Digest, this legendary corner residence at Grand Bay is a statement of scale, design, and presence. From sunrise over the Atlantic to glittering sunsets across Biscayne Bay and the Miami skyline, the views are cinematic in every direction, offering endless blue water, golden light, and exceptional privacy. Spanning an extraordinary 8,435 square feet under air and 2,825 square feet of terraces, totaling 11,260 square feet as per the developer’s floor plan, the residence is defined by soaring 12-foot ceilings and grand proportions throughout. A dramatic foyer leads to a spectacular Grand Room designed for both intimate living and large-scale entertaining. The formal dining room is separate and elegant, while the completely remodeled kitchen and family room provide comfort and functionality. The fully renovated private library and custom bar enhance the home’s entertaining appeal. The primary suite is serene and expansive. All the bathrooms have just been completely remodeled, offering a fresh spa-inspired experience finished to today’s highest standards. Four (4) additional en-suite bedrooms ensure comfort and privacy. The terraces offer expansive outdoor living in the sky, perfect for sunrise mornings and sunset evenings overlooking the water and skyline. This is not simply a penthouse. It is a landmark residence, rare and impossible to duplicate.
Features
- Built-in Features
- Closet Cabinetry
- Entrance Foyer
- Pantry
- Volume Ceilings
- Walk-In Closet(s)
- Wet Bar
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 5-bed rentals across Miami-Dade, from 21 active listings; the middle half ask $24,000–$45,000.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.