HomeCondos for SaleThe Emerald BayUnit 626
151 Crandon Blvd, Unit 626
+18 more
$1.3M

The Emerald Bay Unit 626

151 Crandon Blvd, Unit 626 • Key Biscayne, FL 33149

at The Emerald Bay

Beds
2
Baths
2
Living Area
1,532 SF
Price / SF
$845
HOA / Monthly
$2,016
Days on Market
56

About This Unit

Impeccable renovated in Emerald Bay at Key Colony, this spacious 2-bedroom, 2-bath residence offers an inviting layout and scenic views that capture the essence of Key Biscayne living. The private balcony overlooks lush palm trees with the Miami skyline beyond, along with views of the bay, colorful sunsets, and a glimpse of the ocean. Bright living and dining areas provide comfortable space for everyday living and entertaining. The residence features a remodeled kitchen with updated finishes, renovated bathrooms, marble and wood flooring, and custom lighting fixtures throughout. The generous primary suite offers space for a seating area and includes an additional closet and vanity. The primary bathroom features a custom wood wall unit, walk-in closet, and dual sinks with a marble countertop. The guest bedroom also includes a custom-made walk-in closet. Key Colony amenities include direct beach access with chairs and umbrellas, three pools including an oceanfront pool with casual bar and restaurant, tennis courts, playgrounds, a gourmet market, and 24-hour security. Located just across the Rickenbacker Causeway from Miami. $40K+ special assessment paid.

Pricing at The Emerald Bay — $845/sqft
At $845/sqft, The Emerald Bay Unit 626 is priced at the low end of the building — only 0% of active 2BRs ask less per sqft.
The Emerald Bay Unit 626 vs Active Listings at The Emerald Bay: This condo is -11.4% lower ($109/less per sqft) than the building's active 2BR median of $954/sqft, based on 6 active 2BRs.
The Emerald Bay Unit 626 vs Recent Sold Listings at The Emerald Bay: This unit is +10.8% higher (+$82/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 0% 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 $1,192,177.
Based on live MIAMIRE active & closed listings at The Emerald Bay.
Time on Market — 56 days
The Emerald Bay Unit 626 is above the typical days on market for this building. The seller may be flexible on price.
This unit's 56 days on the market is 35 days longer than the active 2BR median of 21 days (+166.7%).
Inventory position: 67th percentile for 2BRs currently active at this building.
Price History
Originally listed at $1,330,000. Reduced to $1,295,000 on Apr 6, 2026 (after 57 days on market) — -2.6% (−$35,000).
Estimated Monthly Cost
Mortgage (P&I)
$7,032
HOA
$2,016
Property Tax
$764
Total / mo
$9,812
Assumes 7.20% rate on 20% down (30-year fixed). Tax effective rate 0.71%. HOA $1.32/sqft · All-in $6.4/sqft / month. Excludes wind / flood / contents insurance — verify your actual rate with a lender.

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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 Dec 2024 for $1,260,000 — held 16 months. They’re now asking $1,295,000+2.8% (+$35,000) vs. cost basis.
Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.
🏛 Property Tax Reset
The current owner pays approximately $12,437/yr in property tax thanks to a $315,615 Save Our Homes assessment cap (Florida shelters long-time owners from market-value increases). On purchase, your assessment resets to full market value — expect roughly $18,749/yr, about 1.5× the current owner’s bill. Estimate uses Miami-Dade’s ~2% effective millage; your actual bill depends on the millage in the year you close and any homestead exemption you may qualify for.
Sales History
Date Price Type
Dec 2024 $1,260,000 arm’s-length
Oct 2021 $1,000,000 arm’s-length
Jun 2007 $635,000 arm’s-length
Aug 1999 $250,000 Other disqualified
Oct 1980 $160,000 Other disqualified
Source: Miami-Dade Property Appraiser. County living area: 1,532 sqft.
Building: The Emerald Bay
Unit: 626
Year Built: 1980
Stories: 12
City: Key Biscayne
Postal Code: 33149
HOA Fee: $2,016 / Monthly
View: Bay, Other View, Water View
Waterfront: Yes
Private Pool: No
Heating: Central, Electric
Cooling: Central Air, Electric
Days on Market: 56
Listed: February 9, 2026
MLS #: A11960931

Location

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Listing courtesy of: Fortune Christie's International Real Estate
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11960931 • Updated Apr 6, 2026
Ricky Garcia Miami Realtor
Your Miami Insider

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Ricky Garcia  |  Global Luxury Realty  |  License #3521781

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