+9 more
$1.1M
The Towers of Key Biscayn Unit E803
1121 Crandon Blvd, Unit E803 • Key Biscayne, FL 33149
About This Unit
Enjoy island living at its finest in this residence at The Towers of Key Biscayne. This spacious unit offers an excellent opportunity to own in one of Key Biscayne's most desirable oceanfront communities. Featuring 2 bedrooms, 2 bathrooms, an open layout, and abundant natural light, the apartment is ideal as a primary residence, vacation home, or investment property. The Towers is a distinguished full-service beachfront residence, offering an elevated resort-style lifestyle. Amenities include 24-hour security, concierge services, an on-site beauty salon, fitness center, pool, tennis courts, and direct beach access with dedicated chair service. Short-term rental of a minimum of 3 months is allowed once a year.
Pricing at The Towers of Key Biscayn — $745/sqft
At $745/sqft, The Towers of Key Biscayn Unit E803 is priced at the low end of the building — only 14% of active 2BRs ask less per sqft.
The Towers of Key Biscayn Unit E803 vs Active Listings at The Towers of Key Biscayn: This condo is -18.3% lower ($167/less per sqft) than the building's active 2BR median of $912/sqft, based on 7 active 2BRs.
The Towers of Key Biscayn Unit E803 vs Recent Sold Listings at The Towers of Key Biscayn: This unit is -4.6% lower ($36/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 14% 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 $1,008,525.
Based on live MIAMIRE active & closed listings at The Towers of Key Biscayn.
Time on Market — 84 days
The Towers of Key Biscayn Unit E803 is around the building's typical pace.
This unit's 84 days on the market is 9 days longer than the active 2BR median of 75 days (+12.0%).
Inventory position: 57th percentile for 2BRs currently active at this building.
Estimated Monthly Cost
Mortgage (P&I)
$5,702
HOA
$1,800
Property Tax
$479
Total / mo
$7,981
Assumes 7.20% rate on 20% down (30-year fixed).
Tax effective rate 0.55%.
HOA $1.28/sqft · All-in $5.66/sqft / month.
Excludes wind / flood / contents insurance — verify your actual rate with a lender.
Schedule your private showing at The Towers of Key Biscayn.
Walk the unit with someone who knows this building inside out. Get pricing history, negotiation strategy, and the things the listing won't tell you.
That's (305) 337-4259 • Available 7 days a week
Recent Comparable Sales
Active 2BR Comps at The Towers of Key Biscayn
UnitListSqft$/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 Jun 2009 for $440,000 — held 17 years. They’re now asking $1,050,000 — +138.6% (+$610,000) vs. cost basis.
Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.
🏛 Property Tax Reset
The current owner pays approximately $8,094/yr in property tax thanks to a $299,157 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 $14,077/yr, about 1.7× 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 2009 | $440,000 | arm’s-length |
| Dec 1985 | $149,000 | arm’s-length |
| Mar 1979 | $150,000 | arm’s-length |
| Jun 1976 | $82,000 | arm’s-length |
Source: Miami-Dade Property Appraiser. County living area: 1,409 sqft.
Building: The Towers of Key Biscayn
Unit: E803
Year Built: 1971
Stories: 12
City: Key Biscayne
Postal Code: 33149
HOA Fee: $1,800 / Monthly
View: Ocean View, Direct Ocean, Water View
Waterfront: Yes
Private Pool: No
Heating: Central
Cooling: Central Air
Days on Market: 84
Listed: January 19, 2026
MLS #: A11948412
Location
Listing courtesy of: Cervera Real Estate Inc.
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11948412
• Updated Apr 13, 2026
