HomeCondos for SaleThe Towers of Key BiscaynUnit D404
1121 Crandon Blvd, Unit D404
+32 more
$985K

The Towers of Key Biscayn Unit D404

1121 Crandon Blvd, Unit D404 • Key Biscayne, FL 33149

at The Towers of Key Biscayn

Beds
2
Baths
2
Living Area
1,409 SF
Price / SF
$699
HOA / Quarterly
$5,563
Days on Market
75
Insider Price

About This Unit

Beautiful 2 bedroom 2 bath split plan located in the exclusive resort type building "Towers of Key Biscayne". Enjoy great sunsets and canal views from your balcony, Ceramic tyle flooring throughout the unit. Stainless steel appliances. Washer and dryer inside the unit. Assigned storage bin on the same floor. One covered parking in the Upper Garage. Ocean access to beach with full service: umbrellas beach, chairs and lounges. Restaurant on site with pool and beach service. Amenities include: Two lighted tennis courts, two swimming pools, club room/party rooms, complete fitness center, BBQ with ocean view, cardroom, media room, meeting rooms, beauty saloon,toddler room, gazebo by the beach and much more.( Buyer to asume special assesment of $33,374.56 at closing).

Pricing at The Towers of Key Biscayn — $699/sqft
At $699/sqft, The Towers of Key Biscayn Unit D404 is priced at the low end of the building — only 0% of active 2BRs ask less per sqft.
The Towers of Key Biscayn Unit D404 vs Active Listings at The Towers of Key Biscayn: This condo is -23.3% lower ($213/less per sqft) than the building's active 2BR median of $912/sqft, based on 7 active 2BRs.
The Towers of Key Biscayn Unit D404 vs Recent Sold Listings at The Towers of Key Biscayn: This unit is -10.5% lower ($82/less per sqft) than recent 2BR sales (median $781/sqft, based on 7 sales over 9 months).
Rank: This unit's $/sqft is higher than 0% 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 $946,093.
Based on live MIAMIRE active & closed listings at The Towers of Key Biscayn.
Time on Market — 75 days
The Towers of Key Biscayn Unit D404 is around the building's typical pace.
This unit's 75 days on the market is 0 days longer than the active 2BR median of 75 days (+0.0%).
Inventory position: 43th percentile for 2BRs currently active at this building.
Price History
Originally listed at $995,000. Reduced to $985,000 on Feb 6, 2026 (after 75 days on market) — -1.0% (−$10,000).
Estimated Monthly Cost
Mortgage (P&I)
$5,349
HOA
$1,854
Property Tax
$1,111
Total / mo
$8,314
Assumes 7.20% rate on 20% down (30-year fixed). Tax effective rate 1.35%. HOA $1.32/sqft · All-in $5.9/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 Dec 2021 for $741,000 — held 4 years. They’re now asking $985,000+32.9% (+$244,000) vs. cost basis.
Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.
Sales History
Date Price Type
Dec 2021 $741,000 arm’s-length
Aug 2000 $290,000 arm’s-length
Apr 1997 $245,000 arm’s-length
Oct 1992 $238,500 arm’s-length
Nov 1982 $185,000 arm’s-length
Feb 1974 $69,000 arm’s-length
Source: Miami-Dade Property Appraiser. County living area: 1,409 sqft.
Unit: D404
Year Built: 1971
Stories: 12
City: Key Biscayne
Postal Code: 33149
HOA Fee: $5,563 / Quarterly
View: Bay, Ocean View, Water View
Waterfront: Yes
Private Pool: Yes
Heating: Central
Cooling: Central Air
Days on Market: 75
Listed: November 24, 2025
MLS #: A11919163

Location

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That's (305) 337-4259
Email About This Unit
Listing courtesy of: Blue Capital Realty, LLC
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11919163 • Updated Feb 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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