425 Grapetree Dr # 206, Key Biscayne FL 33149 | Miami-Dade County | A12041455
- $1,575,000
- $1,575,000
Description
Beautifully remodeled modern townhouse just steps from the beach! This move-in-ready home features the largest patio among the three floor plans, complete with a BBQ area, plus a City-permitted expansion that adds valuable living space. The open-concept layout offers a spacious living and dining area, a renovated kitchen with granite countertops and stainless steel appliances, and two generously sized bedrooms with two full bathrooms upstairs. The primary suite features a private balcony.
Property Overview
This is a 2-bedroom, 3-bath condominium of about 1404 square feet at 425 Grapetree Dr # 206, Key Biscayne FL 33149 (Key Biscayne 33149), listed at $1,575,000.
Monthly Costs, Stated Plainly
The monthly HOA fee is $1060.
The tax of record is $12,500 (2025). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $31,500/yr (≈ $2,625/mo); with the homestead exemption on a primary residence, about $30,500/yr (≈ $2,542/mo). Confirm with the Miami-Dade Property Appraiser and a tax professional — these are estimates, not quotes.
Frequently Asked Questions
What is the list price, and what typically conveys with a home like this?
The list price for 425 Grapetree Dr #206 is $1,575,000. While the MLS does not specify the furnished status, fixtures and built-in appliances typically convey with the home—always confirm what’s included before proceeding. The unit itself includes its private features, while the community offers shared amenities like a Child Play Area, Clubhouse-Clubroom, and Pool. For precise details on what conveys versus what’s shared, contact Christopher Lazaro, Key Biscayne Real Estate Broker, to verify and protect your interests.
Where exactly is it, and what should I know about the location?
425 Grapetree Dr #206 is in Key Biscayne, Florida 33149, a coastal corridor just minutes from Miami yet with a distinct island ambiance. This condo sits in a prime location near Crandon Park’s beaches and the Key Biscayne Golf Course, offering both tranquility and convenience. For precise details on accessibility or nearby amenities, contact Christopher Lazaro, Key Biscayne Real Estate Broker, directly—he’ll ensure you have the full picture.
What are the HOA / association fees, and what do they cover?
The monthly HOA fee for 425 Grapetree Dr #206 is $1,060, covering All Amenities, Common Area maintenance, Landscaping/Lawn Maintenance, Manager services, and Trash Removal. This well-maintained Key Biscayne community adheres to local ordinances, which you can review in the Key Biscayne Municipal Code. For precise details or to discuss how these fees align with your lifestyle, contact Christopher Lazaro, Key Biscayne Real Estate Broker, directly—he’ll ensure you have all the facts.
What are the property taxes and homestead implications?
The current tax of record for 425 Grapetree Dr #206 is $12,500 (2025), but Florida reassesses upon sale. As an ESTIMATE ONLY at the $1,575,000 list price and Miami-Dade's approximate 2.0% rate: without homestead, expect around $31,500/yr (≈ $2,625/mo); with Florida's homestead exemption — which reduces taxable value for primary residences only — roughly $30,500/yr (≈ $2,542/mo). These projections are not quotes; consult the Miami-Dade Property Appraiser and a tax specialist for precise figures. For a tailored review, contact Christopher Lazaro, Key Biscayne Real Estate Broker, who’ll clarify implications for your specific situation.
Is the home in a flood zone, and what does that mean?
425 Grapetree Dr #206 is in a FEMA-designated flood zone, which indicates its risk level for potential flooding—a critical factor for both safety and insurance. You can review FEMA's flood zone definitions here and view the FEMA flood map for this address to assess specifics. Since lenders often mandate flood insurance in high-risk zones, I recommend consulting Christopher Lazaro, Key Biscayne Real Estate Broker, to clarify coverage needs and explore mitigation options tailored to this property.
Are pets allowed?
Yes, pets are allowed at 425 Grapetree Dr #206 — the MLS confirms this building is pet-friendly. If you have a specific breed or size in mind, we’ll gladly pull the association’s exact pet rules for this unit to ensure clarity. Note that federal accommodations apply separately for documented service animals or emotional support animals. For the latest details, contact Christopher Lazaro, Key Biscayne Real Estate Broker, directly.
How is the price set and is there room to negotiate?
In Key Biscayne's current market, pricing balances recent trends with unit-specific value. Miami-Dade condos have recently been closing at 94% of list, about 64 days on market (MIAMI REALTORS®, May 2026), but 425 Grapetree Dr #206's $1,575,000 reflects a tailored comparative market analysis accounting for its 2-bedroom layout, 1,404 sqft, and Key Biscayne's premium waterfront demand. Before drafting an offer, I'll provide a hyperlocal CMA for this building and immediate vicinity—let's connect to verify the data. Reach Christopher Lazaro, Key Biscayne Real Estate Broker, to discuss strategy.
What financing step do you recommend before touring?
Before touring 425 Grapetree Dr #206, I strongly recommend securing a pre-approval with a licensed Florida mortgage professional — this clarifies your budget and strengthens your position in Key Biscayne’s competitive market. At $1,575,000, this 2-bedroom condo demands financial readiness; a pre-approval ensures you’re prepared to act decisively. Reach out to me, Christopher Lazaro, Key Biscayne Real Estate Broker, to verify your pre-approval and discuss tailored next steps.
Monthly Fees & Carrying Costs
| Association Fee | $1,060 / month |
| Total Monthly Fees | $1,060 / month |
- Membership Required: No
- Application Fee: $175 (one-time)
Have a question about this Key Biscayne listing?
Talk directly with Christopher Lazaro, your Key Biscayne real estate advisor. No pressure — real answers.
Address
Open on Google Maps-
Address: Grapetree Dr
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City: Key Biscayne
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Zip/Postal Code: 33149
Details
Updated on July 6, 2026 at 2:38 am-
Property ID A12041455
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Price $1,575,000
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Property Size 1404 Sq Ft
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Bedrooms 2
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Room 0
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Bathrooms 3
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Year Built 1974
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Property Status Active, Residential
Additional details
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Flooring Tile, Vinyl
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Bedroom Features Entry Level
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Cooling Central Air
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Association Type Condo
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Building Grapetree Townhouse
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Association Fee Frequency Monthly
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Area Grapetree Townhouse Condo
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Annual Tax 12500
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Association Yes
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Elementary School Keybiscayne
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Private Pool No
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Listing Terms All Cash, Conventional
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Waterfront No
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Full Bathrooms 3
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Subdivision GRAPETREE TOWNHOUSE CONDO
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Total Stories 2
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Restrictions No Daily Rentals, Renting Limited
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Maintenance Includes All Amenities, Common Area, Landscaping/Lawn Maintenance, Manager, Trash Removal
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Amenities Child Play Area, Clubhouse-Clubroom, Pool
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Parking 1 Space
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Heating Central
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Structure Type Townhouse
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Tax Year 2025
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Construction CBS Construction
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Building Area 1404
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Covered Spaces 1
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Middle School Ponce De Leon
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Unit Floor 1
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View Garden View
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Year Built Details Resale
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High School Coral Gables
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Pets Allowed Yes
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Unit Number 206
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Flood Zone AE
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Patio / Porch Screened Porch
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New Construction No
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Garage Spaces 1
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Style Townhouse Condo
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Association Fee 1060
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Lot Size (Sq Ft) 0
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Membership Purchase Required No
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