HomeCondos for SaleThe Towers of Key BiscaynUnit D1202
1121 Crandon Blvd, Unit D1202
+9 more
$2.1M

The Towers of Key Biscayn Unit D1202

1121 Crandon Blvd, Unit D1202 • Key Biscayne, FL 33149

at The Towers of Key Biscayn

Beds
2
Baths
2
Living Area
1,782 SF
Price / SF
$1,173
Days on Market
0
Insider Price

About This Unit

A Rare opportunity to own one of the FEW TRUE Sunset-facing penthouses at the Towers of Key Biscayne. The D1202 Residence offers unobstructed panoramic views across Biscayne Bay and Bill Bags State Park, delivering breathtaking sunsets YEAR-ROUND from your private terrace. This highly desirable D-LINE features spacious living, abundant natural light, and exceptional potential to enjoy it as-is. (Please inquire about some unique features about D1202 that give it that extra value.) Located in a full-service Oceanfront community with resort-style amenities including beach access, Heated pools, Tennis, on-site dining, and 24-hr security. A true view driven residence in one of Key Biscayne's most sought-after buildings.

Pricing at The Towers of Key Biscayn — $1,173/sqft
At $1,173/sqft, The Towers of Key Biscayn Unit D1202 is priced at the top tier of units in this building. Fewer than 14% of comparable units ask more per sqft.
The Towers of Key Biscayn Unit D1202 vs Active Listings at The Towers of Key Biscayn: This condo is +28.6% higher (+$261/more per sqft) than the building's active 2BR median of $912/sqft, based on 7 active 2BRs.
The Towers of Key Biscayn Unit D1202 vs Recent Sold Listings at The Towers of Key Biscayn: This unit is +50.2% higher (+$392/more per sqft) than recent 2BR sales (median $781/sqft, based on 7 sales over 9 months).
Rank: This unit's $/sqft is higher than 86% of currently-active 2BR units at The Towers of Key Biscayn (sample of 7).
Insider Negotiation Strategy: 2BR units at The Towers of Key Biscayn typically close at 96.0% of asking. At that ratio, this unit could plausibly trade around $2,007,445.
Based on live MIAMIRE active & closed listings at The Towers of Key Biscayn.
Time on Market — 0 days
The Towers of Key Biscayn Unit D1202 is fresh to market — limited negotiating leverage at this stage.
This unit's 0 days on the market is 75 days shorter than the active 2BR median of 75 days (-100.0%).
Inventory position: 0th percentile for 2BRs currently active at this building.
Estimated Monthly Cost
Mortgage (P&I)
$11,349
HOA
$0
Property Tax
$1,523
Total / mo
$12,872
Assumes 7.20% rate on 20% down (30-year fixed). Tax effective rate 0.87%. HOA $null/sqft · All-in $7.22/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 Towers of Key Biscayn

UnitListSqft$/sqftDOM
#— 1,409 $798 354
#— 1,409 $699 75
#— 1,409 $958 0
#— 1,782 $1173 0
#— 1,409 $745 84

Recent Closed 2BR Sales

ClosedUnitSold$/sqftvs List
2025-08-13 #— $875,000 $621
2026-01-14 #— $1,100,000 $781
2026-01-16 #— $1,300,000 $923
2026-01-20 #— $1,700,000 $954
2026-01-30 #— $820,000 $582
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 1971 (55 years old) — past Florida's 40-year recertification trigger; verify milestone status.
Ricky will verify all of the above with the HOA before closing.
💰 Current Owner's Cost Basis
The current owner bought this unit May 2005 for $890,000 — held 21 years. They’re now asking $2,090,000+134.8% (+$1,200,000) vs. cost basis.
Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.
Sales History
Date Price Type
May 2005 $890,000 arm’s-length
Jun 2004 $630,000 arm’s-length
Mar 2003 $495,000 arm’s-length
Nov 1983 $240,000 arm’s-length
Sep 1976 $119,017 arm’s-length
Jul 1976 $115,000 arm’s-length
Source: Miami-Dade Property Appraiser. County living area: 1,782 sqft.
Unit: D1202
Year Built: 1971
Stories: 12
City: Key Biscayne
Postal Code: 33149
View: Bay, Canal
Waterfront: Yes
Private Pool: No
Heating: Central
Cooling: Central Air
Days on Market: 0
Listed: April 8, 2026
MLS #: A11987907

Location

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Email About This Unit
Listing courtesy of: Key Raton Realty LLC
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11987907 • Updated Apr 8, 2026
Ricky Garcia Miami Realtor
Your Miami Insider

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Ricky Garcia  |  Global Luxury Realty  |  License #3521781

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

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