+16 more
$1.3M
The Towers of Key Biscayn Unit D903
1121 Crandon Blvd, Unit D903 • Key Biscayne, FL 33149
About This Unit
Spectacular Views!!! Enjoy the Open Bay, Canal & Park views from this bright 2/2 split plan residence with abundant natural light and breathtaking Sunsets! Marble floorings and high end remodeled kitchen with top of the line finishes featuring Viking, Wolf, Thermador and Sub Zero appliances. Experience a resort lifestyle with direct beach access and all the amenities The Towers of KB has to offer: Restaurant, two pools, BBQ/Gazebo overlooking beach, media room, card/billiard room, meeting room, toddler playroom, two lighted tennis courts, beauty salon & state of the art fitness center.
Pricing at The Towers of Key Biscayn — $912/sqft
The Towers of Key Biscayn Unit D903 is listed at $912/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 Towers of Key Biscayn.
Time on Market — 1 day
The Towers of Key Biscayn Unit D903 has been on the market for 1 day.
Building-level pace data is thin for this bedroom count.
Estimated Monthly Cost
Mortgage (P&I)
$6,978
HOA
$1,854
Property Tax
$601
Total / mo
$9,434
Assumes 7.20% rate on 20% down (30-year fixed).
Tax effective rate 0.56%.
HOA $1.32/sqft · All-in $6.7/sqft / month.
Excludes wind / flood / contents insurance — verify your actual rate with a lender.
Schedule your private showing at The Towers of Key Biscayn.
Walk the unit with someone who knows this building inside out. Get pricing history, negotiation strategy, and the things the listing won't tell you.
That's (305) 337-4259 • Available 7 days a week
Insider Notes from Ricky
- The Towers of Key Biscayn is a 12-story mid-rise at 1121 Crandon Blvd, Key Biscayne, FL 33149, built 1971. Currently 15 active listings on the market, with active asking prices ranging up to $2.1M.
- Neighborhood: Key Biscayne. Key Biscayne is connected to Miami by the Rickenbacker Causeway (4-mile drive with toll booths), separately incorporated as the Village of Key Biscayne in 1991. Top-rated public schools, state park access (Bill Baggs Cape Florida + Crandon), and the Miami Open tennis tournament. Suburban-island feel, 10 minutes from Brickell.
- Buyer profile here: Family buyers prioritizing public schools, empty-nesters wanting beachfront-island lifestyle without resort-intensity, sailing/golf/tennis-driven decisions.
- Built 1971 (now 55 years old) -- past Florida's 25-year structural recertification trigger.
- Mid-luxury tier with active inventory ranging up to $2.1M.
- At 12 stories, The Towers of Key Biscayn is low-rise scale -- fewer total units typically means a more intimate building feel.
- Compared anchor: Compared to Fisher Island (private, ferry-only, no public access), Key Biscayne is connected to the mainland and has commercial/school infrastructure.
- Rental rules vary per association in this market -- most Miami-Dade condos require 6 or 12-month minimum leases. Verify per-association before assuming Airbnb potential.
- Pre-offer diligence: Causeway tolls run $40-$80/month for residents with SunPass. Rush-hour timing matters for primary-residence buyers commuting to Brickell.
- Ricky has worked the Key Biscayne market for years and can pull HOA documents, recent comps, and reserve study status on any unit you're considering. Text (305) 33-RICKY -- that's (305) 337-4259 -- for a same-week walk-through.
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 Jun 2004 for $475,000 — held 22 years. They’re now asking $1,285,000 — +170.5% (+$810,000) vs. cost basis.
Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.
🏛 Property Tax Reset
The current owner pays approximately $10,381/yr in property tax thanks to a $420,236 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 $18,785/yr, about 1.8× 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 |
|---|---|---|
| Jun 2004 | $475,000 | arm’s-length |
| Jun 2003 | $405,000 | arm’s-length |
| Aug 2002 | $290,000 | arm’s-length |
| Apr 2000 | $250,000 | arm’s-length |
| Sep 1990 | $290,000 | arm’s-length |
| Jul 1988 | $203,000 | arm’s-length |
Source: Miami-Dade Property Appraiser. County living area: 1,409 sqft.
Building: The Towers of Key Biscayn
Unit: D903
Year Built: 1971
Stories: 12
City: Key Biscayne
Postal Code: 33149
HOA Fee: $5,563 / Quarterly
View: Bay, Canal, Water View
Waterfront: Yes
Private Pool: No
Heating: Central
Cooling: Central Air
Days on Market: 1
Listed: April 27, 2026
MLS #: A12008541
Location
Listing courtesy of: United Realty Group Inc
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A12008541
• Updated Apr 28, 2026
