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Luxury doesn’t rush.

And nowhere is that more apparent than at Grand Bay I & II in Key Biscayne. Over the past year, while the broader Miami market saw fluctuation, price jockeying, and high-volume movement—only one resale closed across both towers.

That sale was Unit 908 in Grand Bay Tower I, and it deserves a closer look.

The Only Sale in a Year: Unit 908

This oceanfront residence on the 9th floor was listed for $4,899,000 and ultimately closed for $4,500,000—a strong number for a 3-bedroom, 4.5-bath layout with 3,660 interior square feet and sweeping, direct ocean views from every bedroom.

Time on market? 135 days.
Final price per square foot? $1,229.51.
Terms? All cash.

The unit was delivered unfurnished, which gave buyers a blank slate—but required vision. It had all the bones: high-impact glass, large terraces, marble floors, a private elevator entry, and an open floorplan that made every room feel connected to the ocean.

But what really sold this residence wasn’t just the square footage. It was the lifestyle that Grand Bay I & II represent—a rare combination of privacy, prestige, and beachfront serenity.

Why Grand Bay Inventory Is So Scarce

That single sale tells a bigger story.

There hasn’t been another closed resale in either Grand Bay I or Grand Bay II since.

Why? Because this is one of the most tightly held condo communities in South Florida. Owners here don’t buy to flip. They buy to stay—and they tend to stay for years, if not decades.

Grand Bay is not a transient stop. It’s a final destination.

Built on 12 acres of private beachfront next to the Ritz-Carlton Key Biscayne, both towers offer true resort-style living—24/7 security, concierge service, direct beach access, two pools, tennis courts, and lush tropical gardens. It’s quiet, safe, and secluded—but still walkable to the heart of the island.

That stability means listings are rare. And when they do come up, they tend to sell off-market or move fast.

How to Prepare a Unit to Sell at Grand Bay

The success of Unit 908 came down to two things: strong fundamentals and proper pricing. But even that unit—spacious and ocean-facing—could have benefited from one key improvement: emotional staging.

If you’re thinking of selling at Grand Bay, here’s how to give your unit the edge:

Stage for Warmth, Not Just Space
Even in a high-end building, buyers want to feel how the unit lives. That means soft textures, natural light, neutral tones, and just enough furniture to suggest flow and function.
Accentuate the View
Every Grand Bay unit has something unique to offer—whether it’s direct ocean, lush garden, or sunrise light. Use open drapery, clean glass, and minimalist window treatments to frame what buyers are truly paying for.
Update Where It Counts
You don’t need a full renovation. But small, cosmetic updates—cabinet hardware, LED lighting, polished marble, fresh paint—go a long way in elevating the feel.
Price with Strategy, Not Emotion
Pricing too high in this low-volume market will cost you time and leverage. The right price paired with a clear narrative is far more effective than chasing a number that only looks good on paper.

Living at Grand Bay: What Buyers Really Want

Buyers coming to Grand Bay I & II aren’t looking for flash. They’re looking for peace.

Here, you don’t just own square footage—you own rhythm. Wake up to the sound of waves. Stroll through shaded walkways and tropical grounds. Step onto the sand with your morning coffee. Spend the day poolside, on the tennis court, or relaxing in the privacy of your oversized terrace.

You can park two cars downstairs, take the elevator directly into your unit, and feel the kind of daily calm that even the best hotels can’t replicate.

This is why turnover is so low. Once you’re here, it’s hard to leave.

No New Sales Since July 2024—What That Means

Unit 908 closed in July 2024. Since then, no other units in Grand Bay I or II have sold on market. That’s not a red flag—it’s a beacon.

It signals a building with happy owners, stable HOA budgets, and little urgency to sell. But it also means that when a unit does come to market, it stands alone.

There’s no competition.
No buyer fatigue.
Just one spotlight—and one chance to make it count.

This is where working with a specialist matters.

Thinking of Selling at Grand Bay I or II?

I know these towers. I’ve walked them, studied every layout, spoken with dozens of residents, and advised clients on both sales and purchases here.

If you’re even considering listing in 2025, let’s talk strategy.

We’ll review:

Current buyer demand for Grand Bay-style units
Pricing data from the last 12–24 months (including pocket listings)
What design or staging prep will bring maximum ROI
How to use high-impact photography, drone video, and driving footage to showcase the full lifestyle

Whether you’re downsizing, relocating, or just exploring your options, this is the time to prepare. Inventory is low. Demand for quality oceanfront product is still strong. And the next high-floor sale in Grand Bay could be yours.

James Salas
Certified Residential Specialist
Ocean Club & Grand Bay Specialist
📞 305-300-6764
🌐 jamessalas.com

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Grand Bay I & II – Key Biscayne Market Update, May 2025