+36 more
$1.6M
The Towers of Key Biscayn Unit E501
1121 Crandon Blvd, Unit E501 • Key Biscayne, FL 33149
About This Unit
Gorgeous and serene wrap around views of Pines Canal, Bill Baggs State Park, Biscayne Bay and Downtown Miami are hallmarks of this 1782 Sq ft island flat. An open kitchen with direct water views, spacious laundry room and open floor plan with living and dining room are perfect for entertaining . Residents enjoy resort-style amenities including a fitness center, several pools, private beach access, children’s playroom, watercraft storage, on-site restaurant, billiards, and tennis courts. A unique find on Key Biscayne. A short drive to Miami International Airport, Downtown Miami and the Design District . Island living at its best!
Pricing at The Towers of Key Biscayn — $912/sqft
At $912/sqft, The Towers of Key Biscayn Unit E501 is priced near the building's median — solidly mid-market for this floor plan.
The Towers of Key Biscayn Unit E501 vs Active Listings at The Towers of Key Biscayn: This condo is -0.0% higher (+$0/more per sqft) than the building's active 2BR median of $912/sqft, based on 7 active 2BRs.
The Towers of Key Biscayn Unit E501 vs Recent Sold Listings at The Towers of Key Biscayn: This unit is +16.8% higher (+$131/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 43% 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 $1,560,813.
Based on live MIAMIRE active & closed listings at The Towers of Key Biscayn.
Time on Market — 217 days
The Towers of Key Biscayn Unit E501 is above the typical days on market for this building. The seller may be flexible on price.
This unit's 217 days on the market is 142 days longer than the active 2BR median of 75 days (+189.3%).
Inventory position: 71th percentile for 2BRs currently active at this building.
Estimated Monthly Cost
Mortgage (P&I)
$8,824
HOA
$0
Property Tax
$686
Total / mo
$9,510
Assumes 7.20% rate on 20% down (30-year fixed).
Tax effective rate 0.51%.
HOA $null/sqft · All-in $5.34/sqft / month.
Excludes wind / flood / contents insurance — verify your actual rate with a lender.
Schedule your private showing at The Towers of Key Biscayn.
Walk the unit with someone who knows this building inside out. Get pricing history, negotiation strategy, and the things the listing won't tell you.
That's (305) 337-4259 • Available 7 days a week
Recent Comparable Sales
Active 2BR Comps at The Towers of Key Biscayn
UnitListSqft$/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 Jul 2013 for $870,000 — held 13 years. They’re now asking $1,625,000 — +86.8% (+$755,000) vs. cost basis.
Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.
🏛 Property Tax Reset
The current owner pays approximately $11,534/yr in property tax thanks to a $564,047 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 $22,815/yr, about 2.0× 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 |
|---|---|---|
| Jul 2013 | $870,000 | arm’s-length |
| Apr 2006 | $800,000 | arm’s-length |
| May 1977 | $116,000 | arm’s-length |
| Sep 1976 | $105,000 | arm’s-length |
| Dec 1975 | $66,500 | arm’s-length |
Source: Miami-Dade Property Appraiser. County living area: 1,782 sqft.
Building: The Towers of Key Biscayn
Unit: E501
Year Built: 1971
Stories: 12
City: Key Biscayne
Postal Code: 33149
View: Bay, Canal, Other View
Waterfront: Yes
Private Pool: No
Heating: Central
Cooling: Central Air
Days on Market: 217
Listed: September 24, 2025
MLS #: A11881006
Location
Listing courtesy of: One Sotheby's International Realty
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11881006
• Updated Apr 29, 2026
