Unlock Key Biscayne Real Estate

Contact Us 305 960-5317

Ritz Carlton Consistently Sells For More Than $1,000/Sq. Ft.

March 17th, 2015 Written By Riley Smith

Ritz Carlton Key Biscayne

The Ritz Carlton condos on Key Biscayne are a great opportunity to live full-time or part-time and have access to the five-star amenities of the Ritz Carlton hotel.  The Ritz Carlton Key Biscayne is located on 12 acres of direct beachfront property and offers a 24 hour concierge, manned guard gate, pools, tennis courts, gym and secured covered parking.  It is a 12 story resort style condo with 188 luxury units.

Condos at the Ritz Carlton are selling for upwards of $1,000/square foot; they are some of the highest “Price/Sq. Ft.” figures you will see for condos on the island. Buyers are attracted to these units because they are a great investment opportunity. Part-time residents and snow-birds place their condos in the rental program and earn income on them while they are away. The Ritz Carlton will furnish, manage and maintain the unit while you are gone.

There have been 2 condos sold at the Ritz Carlton Key Biscayne so far in 2015, see data below:

  • 455 Grand Bay Drive, Unit 712 | 1 Bedroom, 1 Bath | 849 sq. ft. | Sale Price: $1,105,500 ($1,302/sq. ft.)
  • 455 Grand Bay Drive, Unit 558 | 1 Bedroom, 1 Bath | 782 sq. ft. | Sale Price: $925,000 ($1,182/sq. ft.)

If you are looking for a Realtor who specializes in Key Biscayne real estate, please don’t hesitate to contact us. We study and analyze the market so that our clients make informed and confident decisions.  If you are interested in contacting us, please send us a message here.

Comments are closed.

Copyright ©     Log in     Design by Real Estate Tomato     Powered by Tomato Real Estate Blogs