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600 Grapetree Dr, Key Biscayne FL 33149

Condo/Co-op For Sale
$2,200,000

BTC: 34.27345952

ETH: 1,247.91541402

New
Waterfront
3 bds
3 ba
2,281 sqft

Overview

The perfect combination of ocean views, 4 bedrooms, 3 bathrooms, and boutique beachfront living awaits at MAR AZUL, one of Key Biscayne’s most exclusive oceanfront residences. Offering 2,281 Sq.Ft. under A/C, this spacious residence is designed to maximize both comfort and views. The expansive living and dining areas are framed by three floor-to-ceiling windows that showcase the Atlantic Ocean while capturing a picturesque view of the iconic Key Biscayne Lighthouse. A long hallway creates a sense of privacy and leads to the bedroom wing, highlighted by an oversized primary suite featuring a private west-facing balcony, space for a sitting area or home office, two walk-in closets, and a spacious en-suite bathroom. The 2nd bedroom is also en-suite, while the 3rd bedroom and enclosed den—large enough to function as a true 4th bedroom—share an additional full bathroom. With three full bathrooms, generous proportions throughout, and an ideal layout for both families and guests, this residence offers the space and functionality rarely found in oceanfront condominium living. MAR AZUL offers direct beach access and excellent amenities, including a 24-hour attended lobby, ocean-view fitness center, swimming pool, party room, and one assigned parking space. Unit is tenant occupied until September 30, 2026.

Location

Details

Type:
Residential
Parking:
1 Space / Assigned / Covered
Year Built:
1974
Lot:
No Data
Heating:
Electric
Price/sqft:
$964
Cooling:
Electric
HOA:
$2,955

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,582,500
$1.4M – $2.2M
Confidence Low
List vs. estimate
$617K above estimate
List $2,200,000 · +39.0%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$964
+0.0% vs. city median $964
Based on
12 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $1.9M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$23,320
2025
HOA
$2,955/mo
View
Bay, Ocean View
Waterfront
Ocean Access, Ocean Front
Garage
1 car garage
Pets
Not allowed
All facts and features
  • Flooring

    • Tile

    Heating

    • Electric

    Cooling

    • Electric

    Appliances

    • Dishwasher

    • Dryer

    • Electric Range

    • Microwave

    • Other Equipment/Appliances

    • Refrigerator

    • Wall Oven

    • Washer

    Other interior features

    • Walk-In Closet(s)

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Full bathrooms: 3

  • Parking

    • 1 Space

    • Assigned

    • Covered

    Property

    • Exterior Features: Open Balcony / Other

    Other Property Information

    • Parcel Number: 24-52-04-011-0860

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $2,955

    • HOA Frequency: Monthly

    • Annual tax amount: $23,320

  • Source details

    • MLS ID: A12039925

    Other facts

    • Construction Materials: CBS Construction / Other

    • Patio And Porch Features: Open Balcony

    • Direction Faces: East

    • Architectural Style: High Rise / Split Level

    • Waterfront: Yes

    • Garage Spaces: 1

    • Garage: Yes

    • Living Area: 2281

    • Subdivision Name: MAR-AZUL CONDO

Private inquiry
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Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Urdapilleta Real Estate, LLC