151 Crandon Blvd, #602, Key Biscayne, FL, 33149 | $2,475,000

Experience the height of island living with a rare and extraordinary opportunity at the prestigious Emerald Bay at Key Colony on Key Biscayne. For the first time, these two side-by-side units—held by the original owner—are available to the market, offering a blank canvas for its next owner. Presently configured as two distinct 2-bedroom apartments, these units offer seamless potential for recombination into a spectacular 2, 975-square-foot residence, complete with a formal dining room and expansive living areas, complemented by two large balconies with over 85 linear feet of outdoor space. Flooded with natural light, the residence enjoys ocean views along with open vistas overlooking the 12 tennis courts at the Key Colony Tennis Center. The layout features very large bedrooms, oversized closet space, and generously sized bathrooms. Wood and Mexican tile floors run throughout, and the units are currently equipped with two kitchens. #602 is presently rented on a month-to-month basis at $5, 150 per month. The offering includes FOUR assigned parking spaces. Embrace the quintessential Key Biscayne island lifestyle at Emerald Bay, where resort-style amenities abound: private beach access with umbrella service, two swimming pools, a poolside restaurant and bar, the charming Golden Hog Market & Deli, tennis facilities, and more—all within a secure, gated community overlooking the ocean. Special assessment will be paid in full by Seller at closing.

Features

  • Heating: Central,Electric
  • Cooling: Central Air,Electric
  • Levels: 12
  • Amenities: Bike Storage,Cabana,Clubhouse,Fitness Center,Playground,Pool,Spa/Hot Tub,Tennis Court(s),Trail(s)
  • Bedrooms: 4
  • Baths: 4 full
  • Complex: THE EMERALDBAY @ KEY COLON
  • Year Built: 1980
  • Common Charge: $3,816 Monthly
  • Approx Sq. Feet: 2,975
  • Est. Taxes: $7,455
  • View: Tennis Court
  • Water Front: Yes
  • Elem. School: Keybiscayne
  • Middle School: Ponce De Leon
  • High School: Coral Gables
  • Pets Allowed: Yes
  • Pet Policy: Conditional,Yes
  • Appliances: Dryer,Dishwasher,Electric Range,Disposal,Microwave,Refrigerator,Washer
  • MLS#: A11938594
  • Days on Market: 25 days
  • Website: https://www.raveis.com
    /prop/A11938594/151crandonblvd_keybiscayne_fl?source=qrflyer
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Listing courtesy of Harbour Residential Realty LLC   Phone: 305-926-8660

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151 Crandon Blvd, #602, Key Biscayne, FL, 33149

$2,475,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,980,000 $1,980,000 $1,980,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.250% 5.750% 5.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.046% 5.846% 5.700%
Monthly Tax Payment $621 $621 $621
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $10,934 $11,555 $16,178
Total Monthly Payment $11,680 $12,301 $16,924

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.