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Waterfront · Condominium
$1,088,000$2,045 / sqft
455 Grand Bay Dr # 717, Key Biscayne FL 33149
Listed
0
Bedrooms
1
Bathrooms
532 sqft
Interior
2001
Year built
$1,708 / mo
HOA
Condominium
Type
About this home
Exceptional studio residence at The Ritz-Carlton Key Biscayne, offering the perfect blend of luxury ownership and resort-style living in one of South Florida’s most desirable beachfront destinations. Thoughtfully designed with an efficient layout, elegant finishes, and abundant natural light, this studio provides a comfortable and sophisticated space ideal for personal enjoyment, seasonal use, or investment purposes. Owners and guests enjoy access to an impressive collection of world-class amenities, including oceanfront pools, private beach service, a luxury spa, fitness center, tennis facilities, concierge services, valet parking, and multiple on-site dining experiences. The Ritz- Carlton’s renowned hospitality and service further enhance the ownership experience. Nestled within the exclusive island community of Key Biscayne, the property offers a peaceful island atmosphere while remaining conveniently close to Brickell, Coconut Grove, Downtown Miami, and Miami International Airport.
Features
- Other
- Courtyard
- Tennis Court(s)
- Bay
- Other View
Leasing
- Minimum lease
- 1 day
- Leases permitted per year
- 365
- Ok To Lease
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
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 studio rentals across Miami-Dade, from 200 active listings; the middle half ask $2,000–$3,000.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.