CENTURY 21 Edge
$3,874,0003 bd3 ba3,711 sqft$1,044 /sqft$29,527 /mo all-in ↓

600 Grapetree Dr, Key Biscayne FL 33149, KEY BISCAYNE, FL, 33149

Active168 days on marketListed Feb 19, 2026MLS #A11968667

WaterfrontCondominiumMAR-AZUL CONDO

About this home

600 Grapetree Dr, Key Biscayne FL 33149

Stunning penthouse with ocean views and Key Biscayne shoreline. Three bedrooms, 3 baths. 3711 sq. ft. The bright and airy living room seamlessly integrates with the dining area, featuring floor-to-ceiling windows that flood the space with natural light. Enjoy culinary delights in the state-of-the-art kitchen, equipped with top-of-the-line appliances, custom cabinetry, and a generous island for casual dining. The master bedroom offers a private oasis with panoramic water views, two walk-in closets, and an en-suite bathroom featuring dual vanities, and a glass-enclosed shower. Two additional well-appointed bedrooms provide comfort and privacy, each with its own stylish bathroom. Laundry room and storage unit Residents have access to a private pool, fitness center, and beach access, ensuring a lifestyle of convenience and leisure. This penthouse is a rare gem, offering an unparalleled blend of luxury, comfort, and beachside living. Don’t miss your chance to own a piece of paradise in Key Biscayne.

Facts & features

The home at a glance

3

Bedrooms

3

Bathrooms

3,711

Sqft

2

Garage

1974

Year built

$1,044

Per sqft

WaterfrontDirect Ocean & Skyline view

Inside

FlooringTile · Wood
AppliancesDishwasher · Disposal · Dryer · Electric Water Heater · Ice Maker · Microwave · Electric Range · Refrigerator · Self Cleaning Oven · Wall Oven · Washer
InteriorBar · Built-in Features · Closet Cabinetry · Elevator · Entrance Foyer · Laundry Tub · Walk-In Closet(s) · Den/Library/Office · Storage · Utility Room/Laundry
LaundryLaundry Tub · Utility Room/Laundry
CoolingCeiling Fan(s) · Central Air · Electric
HeatingCentral

Outside & construction

ConstructionCBS Construction
ViewDirect Ocean · Skyline
FacesEast
Parking2 Or More Spaces · Covered · Parking-Under Building
ExteriorNone

Community & fees

HOA fee$3,266/mo
Taxes (2025)$44,928/yr
PetsMaximum 20 Lbs

Utilities & systems

The numbers

What it really costs

Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.

$29,527 /mo · 10% down Conventional, 30-yr fixed at 6%

Principal & interest$20,904
PMI (est., until 20% equity)$1,453
Property tax — 2025 actual bill$3,744
Condo fee — from the listing$3,266
Insurance (FL estimate)$160

The assumptions

Loan typeConventionalDown payment10% · $387,400Loan30-yr fixed at 6%Mortgage insuranceIncludedTaxesActual bill on recordInsuranceFlorida estimate

Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.

These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:

Andrew Acosta

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Run your own numbers

Loan type

FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.

Down payment10% · $387,400
Interest rate6.00%
Loan term

Estimated payment

$29,527/mo

Principal & interest$20,904
PMI (est., until 20% equity)$1,453
Property taxes (actual bill)$3,744
HOA / condo fee$3,266
Est. insurance$160

Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.

Value check

Is the price right?

The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.

$/sqft vs Key Biscayne actives

$1,044 vs $1,214

Days on market

168 vs 62 typical

Where $1,044/sqft sits among the 134 Key Biscayne actives

43
30 · this home
26
11
13
11
$625–973$973–1320$1320–1667$1667–2014$2014–2361$2361+

The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.

Where it sits

Inside Village Of Key Biscayne

Map of 600 Grapetree Dr, Key Biscayne FL 33149 inside its neighborhood boundary

Get to know Key Biscayne. See the full Key Biscayne guide →

Village Of Key Biscayne — neighborhood snapshot

Population

14,603

Median age

44

Median income

$152,910

Median home value

$1,246,268

Avg household

3

Households w/ children

2,233

For the school run

Dade County School District

ElementaryKey Biscayne K-8 Center★★★★★
District Instructional Center (Dic)
HighCoral Gables Senior High School★★★★★
MiddlePonce De Leon Middle School★★★★★
Instructional Center System Wide
Title I Migrant Education Program

School assignments and ratings via edgeAI — always verify with the district.

The numbers that matter

The Key Biscayne market

Seller’s marketLeans buyer9.7 months of inventoryBuyer’s market

$1.6M$1.6M

Key Biscayne median sold, yr/yr

94.9%

Sale-to-list ratio (12 mo)

6 of 134

Key Biscayne actives have cut their price

This home is listed 14800% above the KEY BISCAYNE 33149 median. See the full Key Biscayne market guide →

Paper trail

This home's history

Feb 19, 2026Listed at $3,874,000 · 168 days on market since
1974Built · MAR-AZUL CONDO

Reality check

What actually sold near 600 Grapetree Dr

Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.

669 S Mashta Dr, Key Biscayne FL 33149Sold · Feb ’26

$4,750,000

669 S Mashta Dr, Key Biscayne FL 33149

3 bd · 3.5 ba · 3,382 sqft · $1,404/sqft · 38 DOM

765 Crandon Blvd # 102, Key Biscayne FL 33149Sold · Apr ’26

$3,625,000

765 Crandon Blvd # 102, Key Biscayne FL 33149

4 bd · 4.5 ba · 3,368 sqft · $1,076/sqft · 127 DOM

785 Crandon Blvd, Key Biscayne FL 33149Sold · Feb ’26

$4,000,000

785 Crandon Blvd, Key Biscayne FL 33149

4 bd · 5 ba · 4,200 sqft · $952/sqft · 78 DOM

Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.

Your home team

The pros in your corner

Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.

German Parra Tovar

Your agent

German Parra Tovar

REALTOR® · CENTURY 21 Edge

Tours, negotiation, and every question about 600 Grapetree Dr — start here.

Andrew Acosta

Your lender

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Pre-approval, rates, and the real monthly number for 600 Grapetree Dr — before you fall in love.

See it in person

Schedule a tour

Live availability from German's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.

Straight answers

600 Grapetree Dr FAQs

What would the monthly payment be for 600 Grapetree Dr, Key Biscayne FL 33149?+

With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $29,527/mo — principal and interest, the actual property-tax bill, the $3,266/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.

How much are the HOA fees at 600 Grapetree Dr, Key Biscayne FL 33149?+

The association fee works out to $3,266 per month. Ask us for the full association documents — they spell out exactly what the fee covers.

What are the property taxes on 600 Grapetree Dr, Key Biscayne FL 33149?+

The most recent tax bill on record (2025) was $44,928. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.

Are pets allowed at 600 Grapetree Dr, Key Biscayne FL 33149?+

The listing reports pets: Maximum 20 Lbs. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.

How does the price compare to other homes in Key Biscayne?+

At $3,874,000, this home is listed about 40% above the Key Biscayne median of $2,775,000. The market section on this page shows how the area is trending.

Which schools are assigned to 600 Grapetree Dr, Key Biscayne FL 33149?+

Key Biscayne K-8 Center (elementary), District Instructional Center (Dic) (), Coral Gables Senior High School (high), Ponce De Leon Middle School (middle), Instructional Center System Wide (), Title I Migrant Education Program () — Dade County School District. Always verify school assignments with the district before relying on them.

The brief

Four things that matter here

01Positioned at the premium end

$3,874,000 runs 14800% above the KEY BISCAYNE 33149 median — but at 3,711 sqft it's also nearly twice the size of the typical Key Biscayne listing.

02Waterfront living

This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.

03Know the monthly fee

The association fee is $3,266/mo. That usually buys real services — verify what's covered before comparing this home against fee-free alternatives.

04Time on market is leverage

168 days on market against a Key Biscayne median of 62 — sellers in this position are usually ready to negotiate.

Listing courtesy of Realty One Group Evolution · Victoria Zamorano. MLS #A11968667.

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.

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