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Your sanctuary awaits at Key Biscayne's most discreet oceanfront address. Living at Mar Azul is what it looks like when you finally stop compromising. With only 126 residences and tucked away at the far end of Grapetree Drive, the property sits precisely where the island gives way to the lush canopy of Bill Baggs Cape Florida State Park on one side and the endless Atlantic Ocean on the other. Spanning an impressive 2, 943 living square feet, this residence was thoughtfully reimagined beyond its original design to offer a tranquil haven featuring three generous ensuite bedrooms. Brand new AC and elegant marble and warm wood flooring flow seamlessly throughout the space offering panoramic views of the ocean and the city skyline. Arrive home via a semi-private elevator that serves just two residences per wing. Mar Azul’s amenities include direct beach access, pool, fitness center, BBQ area, and clubroom, all secured by a 24/7 guard and gated entry. Further elevating the experience is the building's dedicated in-house management, ensuring bespoke service and a meticulously maintained environment. Complete with the ultimate convenience of assigned covered parking inclusive of an electric vehicle charging station and a private storage unit. Key Biscayne is a life measured in ocean views, quiet streets, and a village that values exactly that. Mar Azul is where that life begins.
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:
$2,900,000
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $2,320,000 | $2,320,000 | $2,320,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.375% | 6.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.411% | 6.487% | 6.309% |
| Monthly Tax Payment | $2,378 | $2,378 | $2,378 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $14,097 | $14,474 | $19,735 |
| Total Monthly Payment | $16,600 | $16,977 | $22,238 |
* 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.