Welcome to Emerald Bay at Key Colony in the heart of Key Biscayne. This beautifully remodeled and fully modernized 2-bedroom + den, 2-bath lanai residence offers over 1, 500 SF of bright, inviting living space with seamless indoor-outdoor flow. A standout feature is the impressive 920SqFt private outdoor space (lanai), creating an exceptional extension of the living area, perfect for entertaining, relaxing, or enjoying the coastal breeze in total privacy. The interiors have been thoughtfully updated with a clean, contemporary design, custom built-ins, and elegant finishes throughout, delivering a stylish, move-in-ready home. Enjoy the convenience of first-floor access just steps from the beach, within the lush, resort-style grounds Key Colony is known for. The building is currently undergoing exterior renovations, scheduled to be completed within the next couple of months, with the seller having already paid the special assessment. The unit includes one assigned parking space, with the option to rent more spaces through management. Emerald Bay offers 24-hour security, pool, gym, tennis courts, and direct beach access, all within one of Key Biscayne’s most desirable communities. A modern residence with rare outdoor space in a premier island setting—easy to show and a pleasure to live in.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,450,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $1,160,000 | $1,160,000 | $1,160,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.875% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.154% | 6.031% | 5.991% |
| Monthly Tax Payment | $1,128 | $1,128 | $1,128 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,586 | $6,862 | $9,633 |
| Total Monthly Payment | $7,839 | $8,115 | $10,886 |
* 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.