+15 more
$1.7M
The Emerald Bay Unit 1002
151 Crandon Blvd, Unit 1002 • Key Biscayne, FL 33149
About This Unit
Fully renovated high-floor two bedrooms plus den residence in EmeraldBay at Key Colony. Preferred East exposure with direct ocean views from every room. Open-concept kitchen equipped with top-of-the-line Miele appliances and white marble countertops. Luxury finishes such as Italian flooring, marble bathrooms, high-impact windows and wall paper accents. Key Colony offers an unmatched lifestyle with direct beach access, beach service, tennis courts, and a full array of resort-style amenities and is one of Key Biscayne's most desirable communities.
Pricing at The Emerald Bay — $1,125/sqft
At $1,125/sqft, The Emerald Bay Unit 1002 is priced at the top tier of units in this building. Fewer than 17% of comparable units ask more per sqft.
The Emerald Bay Unit 1002 vs Active Listings at The Emerald Bay: This condo is +18.0% higher (+$171/more per sqft) than the building's active 2BR median of $954/sqft, based on 6 active 2BRs.
The Emerald Bay Unit 1002 vs Recent Sold Listings at The Emerald Bay: This unit is +47.5% higher (+$362/more per sqft) than recent 2BR sales (median $763/sqft, based on 6 sales over 9 months).
Rank: This unit's $/sqft is higher than 83% of currently-active 2BR units at The Emerald Bay (sample of 6).
Insider Negotiation Strategy: 2BR units at The Emerald Bay typically close at 92.1% of asking. At that ratio, this unit could plausibly trade around $1,560,417.
Based on live MIAMIRE active & closed listings at The Emerald Bay.
Time on Market — 6 days
The Emerald Bay Unit 1002 is fresh to market — limited negotiating leverage at this stage.
This unit's 6 days on the market is 15 days shorter than the active 2BR median of 21 days (-71.4%).
Inventory position: 17th percentile for 2BRs currently active at this building.
Estimated Monthly Cost
Mortgage (P&I)
$9,204
HOA
$1,983
Property Tax
$1,222
Total / mo
$12,409
Assumes 7.20% rate on 20% down (30-year fixed).
Tax effective rate 0.86%.
HOA $1.32/sqft · All-in $8.24/sqft / month.
Excludes wind / flood / contents insurance — verify your actual rate with a lender.
Schedule your private showing at The Emerald Bay.
Walk the unit with someone who knows this building inside out. Get pricing history, negotiation strategy, and the things the listing won't tell you.
That's (305) 337-4259 • Available 7 days a week
Recent Comparable Sales
Active 2BR Comps at The Emerald Bay
UnitListSqft$/sqftDOM
#—
—
1,488
$867
6
#—
—
1,532
$845
56
#—
—
1,506
$929
306
#—
—
1,532
$979
2
#—
—
1,547
$1092
36
Recent Closed 2BR Sales
ClosedUnitSold$/sqftvs List
2025-08-11
#—
$1,200,000
$776
—
2025-08-15
#—
$1,150,000
$751
—
2025-11-14
#—
$900,000
$587
—
2026-01-16
#—
$990,000
$640
—
2026-03-30
#—
$1,250,000
$816
—
Comps are limited to the same bedroom count. Sold prices reflect what closed buyers actually paid.
What to Verify
Flood Zone: This unit is in flood zone AE. High-risk flood zone (Special Flood Hazard Area). Federal flood insurance required for federally-backed mortgages.
Building Age: Built in 1980 (46 years old) — past Florida's 40-year recertification trigger; verify milestone status.
Verify all of the above with the HOA before closing.
💰 Current Owner's Cost Basis
The current owner bought this unit Jun 2024 for $1,125,000 — held 2 years. They’re now asking $1,695,000 — +50.7% (+$570,000) vs. cost basis.
Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.
⚡ Possible Flip
22 months ago the current owner paid $1,125,000. They’re now asking +50.7% over that — $570,000 more in 22 months.
Sales History
| Date | Price | Type |
|---|---|---|
| Jun 2024 | $1,125,000 | arm’s-length |
| Jul 1983 | $192,500 | arm’s-length |
| Dec 1980 | $145,000 | Other disqualified |
Source: Miami-Dade Property Appraiser. County living area: 1,506 sqft.
Building: The Emerald Bay
Unit: 1002
Year Built: 1980
Stories: 12
City: Key Biscayne
Postal Code: 33149
HOA Fee: $5,950 / Quarterly
View: Ocean View, Tennis Court View
Waterfront: Yes
Private Pool: No
Heating: Electric
Cooling: Central Air
Days on Market: 6
Listed: April 17, 2026
MLS #: A12003018
Location
Listing courtesy of: BHHS EWM Realty
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A12003018
• Updated Apr 23, 2026
