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151 Crandon Blvd, Unit 127
+12 more
$875K

The Emerald Bay Unit 127

151 Crandon Blvd, Unit 127 • Key Biscayne, FL 33149

at The Emerald Bay

Beds
1
Baths
2
Living Area
1,103 SF
Price / SF
$793
HOA / Monthly
$1,451
Days on Market
18

About This Unit

Welcome to this unique and rarely available 1-bedroom, 1.5 bath move-in ready LANAI residence. Located in a resort-style beachfront development. The oversized walled-in patio provides direct and convenient access to the pool, gym, gardens and other amenities. Master bedroom has two closets, including a large walk-in closet, updated en-suite bathroom and a large impact window and door overlooking & leading to the beautiful patio. This lovely home also features high ceilings, high impact window and doors, washer/dryer, plenty of closets and one assigned covered parking space. Located in a 24hr full-service building. Amenities include guarded gate at Key Colony's main entrance, attendant at lobby, olympic size swimming pool, 12 tennis courts, children's playground, dog park, food market (Golden Hog), beauty salon, outdoor casual dining by the main pool and beach. Enjoy Key Biscayne Island Paradise lifestyle. Walking distance to the beach, parks, dining, shopping, and top rated public and private schools. Dog friendly building. No pending special assessments. Photos of the dining/living area, patio and bedroom have been digitally staged.

Pricing at The Emerald Bay — $793/sqft
The Emerald Bay Unit 127 is listed at $793/sqft.
Building-level comparison data is thin for this bedroom count — see Recent Comparable Sales below.
Based on live MIAMIRE active & closed listings at The Emerald Bay.
Time on Market — 18 days
The Emerald Bay Unit 127 has been on the market for 18 days.
Building-level pace data is thin for this bedroom count.
Price History
Originally listed at $905,000. Reduced to $875,000 on Mar 11, 2026 (after 19 days on market) — -3.3% (−$30,000).
Estimated Monthly Cost
Mortgage (P&I)
$4,752
HOA
$1,451
Property Tax
$614
Total / mo
$6,817
Assumes 7.20% rate on 20% down (30-year fixed). Tax effective rate 0.84%. HOA $1.32/sqft · All-in $6.18/sqft / month. Excludes wind / flood / contents insurance — verify your actual rate with a lender.

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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.
Building: The Emerald Bay
Unit: 127
Year Built: 1980
Stories: 12
City: Key Biscayne
Postal Code: 33149
HOA Fee: $1,451 / Monthly
View: Garden View
Waterfront: No
Private Pool: Yes
Heating: Central
Cooling: Central Air
Days on Market: 18
Listed: February 21, 2026
MLS #: A11969687

Location

Tour with Ricky

Schedule your private showing. Get pricing history, negotiation strategy, and the things the listing won't tell you.

Text or Call (305) 33-RICKY
That's (305) 337-4259
Email About This Unit
Ricky Garcia
Ricky Garcia
Ricky J. Garcia LLC
Licensed with Global Luxury Realty
Listing courtesy of: Arch Realty Inc
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11969687 • Updated Mar 11, 2026 • Photos uploaded 64 days ago.