24 Grand Bay Estates Circle, Key Biscayne, FL 33149 — MLS photo

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24 Grand Bay Estates Circle, Key Biscayne, FL 33149

Active · SingleFamilyResidence

$4,899,000

24 Grand Bay Estates Circle, Key Biscayne, FL 33149

Beds
5
Baths
6
Living area
4,220 sq ft
$ / sq ft
$1,161/sq ft
Year built
1999
Lot size
6,534 sq ft
HOA fee
$1,509
Annual tax
—

About this property

Experience island living at its best in this renovated 4,220SF estate within Grand Bay Estates, Key Biscayne's only guard-gated single-family enclave! This 5BR/5.5BA home features a 2021 roof, new tankless water heaters, new AC units and full storm protection! The kitchen shines with Quartz counters & Sub-Zero, Wolf, & Miele appliances, plus a dual-zone Sub-Zero wine fridge. The versatile layout includes all en-suite bedrooms, staff quarters, & private in-law suite with its own entrance. A rare find for Key Biscayne is the climate controlled 2-car garage plus golf cart garage. The backyard oasis offers a heated saltwater pool, summer kitchen & retractable awning, perfect for entertaining! HOA covers lawn care, 24hr security, pool maintenance, pest control, plus private park & playground! For the ultimate experience in luxury and privacy, look no further!

Property location

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24 Grand Bay Estates Circle, Key Biscayne, FL 33149

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Facts & features

Interior

Bedrooms
5
Bathrooms
6
Living area
4,220 sq ft

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1999
Lot size
6,534 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$1,509
County
Miami-Dade
MLS listing ID
B26004621
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$16,386

Cap rate
1.7%
Net yield
1.7%
Cash-on-cash return
-14.3%
Gross yield
5.2%
Mortgage payment
$23,224/mo
Down payment
$1,224,750
Loan amount
$3,674,250
Annual NOI
$82,052

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.