HomeCondos for SaleThe Ritz CarltonUnit 617
455 Grand Bay Dr, Unit 617
$900K

The Ritz Carlton Unit 617

455 Grand Bay Dr, Unit 617 • Key Biscayne, FL 33149

at The Ritz Carlton

Baths
1
HOA / Monthly
$1,708
Days on Market
0

About This Unit

Elegant studio residence at The Ritz-Carlton Key Biscayne offering a premier condo-hotel lifestyle in one of Miami’s most prestigious beachfront locations. This studio unit features a functional and well-distributed layout, refined finishes, and abundant natural light, creating a comfortable and inviting living space ideal for both personal use and investment purposes. Enjoy access to world-class, resort-style amenities including multiple swimming pools, a full-service spa, state-of-the-art fitness center, tennis courts, direct beach access with full service, concierge, valet parking, and a variety of on-site dining options. The property is conveniently located just minutes from Brickell, Coconut Grove, and Downtown Miami, while still offering a private and tranquil island setting. This unit may participate in the hotel rental program, providing an excellent opportunity for income generation. Unit is subject to hotel program terms, conditions, and restrictions. All information is deemed reliable but not guaranteed. Buyer and buyer’s agent to verify all information independently.

Time on Market — 0 days
The Ritz Carlton Unit 617 has been on the market for 0 days.
Building-level pace data is thin for this bedroom count.
Estimated Monthly Cost
Mortgage (P&I)
$4,887
HOA
$1,708
Property Tax
$692
Total / mo
$7,288
Assumes 7.20% rate on 20% down (30-year fixed). Tax effective rate 0.92%. HOA $null/sqft · All-in $null/sqft / month. Excludes wind / flood / contents insurance — verify your actual rate with a lender.

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What to Verify
Building Age: Built in 2001 (25 years old).
Ricky will verify all of the above with the HOA before closing.
💰 Current Owner's Cost Basis
The current owner bought this unit Apr 2001 for $275,000 — held 25 years. They’re now asking $900,000+227.3% (+$625,000) vs. cost basis.
Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.
Sales History
Date Price Type
Apr 2001 $275,000 arm’s-length
Source: Miami-Dade Property Appraiser. County living area: 532 sqft.
Unit: 617
Year Built: 2001
Stories: 12
City: Key Biscayne
Postal Code: 33149
HOA Fee: $1,708 / Monthly
View: Other View
Waterfront: Yes
Private Pool: No
Heating: Central
Cooling: Central Air
Days on Market: 0
Listed: May 8, 2026
MLS #: A12015584

Location

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Text or Call (305) 33-RICKY
That's (305) 337-4259
Email About This Unit
Listing courtesy of: Urban Development & Investments LLC
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A12015584 • Updated May 8, 2026
Ricky Garcia Miami Realtor
Your Miami Insider

Ready to Make an Offer?

Ricky Garcia  |  Global Luxury Realty  |  License #3521781

Ricky has closed deals at The Ritz Carlton. He knows the HOA, the best floors, and which units to avoid. Get a free no-pressure market analysis before you make any offer.

CALL (305) 33-RICKY That's (305) 337-4259
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