600 Grapetree Dr, Key Biscayne FL 33149 | Miami-Dade County | A12003348
- $2,900,000
- $2,900,000
Description
Your sanctuary awaits at Key Biscayne’s most discreet oceanfront address. Living at Mar Azul is what it looks like when you finally stop compromising. With only 126 residences and tucked away at the far end of Grapetree Drive, the property sits precisely where the island gives way to the lush canopy of Bill Baggs Cape Florida State Park on one side and the endless Atlantic Ocean on the other. Spanning an impressive 2,943 living square feet, this residence was thoughtfully reimagined beyond its original design to offer a tranquil haven featuring three generous ensuite bedrooms. Brand new AC and elegant marble and warm wood flooring flow seamlessly throughout the space offering panoramic views of the ocean and the city skyline. Arrive home via a semi-private elevator that serves just two residences per wing. Mar Azul’s amenities include direct beach access, pool, fitness center, BBQ area, and clubroom, all secured by a 24/7 guard and gated entry. Further elevating the experience is the building’s dedicated in-house management, ensuring bespoke service and a meticulously maintained environment. Complete with the ultimate convenience of assigned covered parking inclusive of an electric vehicle charging station and a private storage unit. Key Biscayne is a life measured in ocean views, quiet streets, and a village that values exactly that. Mar Azul is where that life begins.
Property Overview
This is a 3-bedroom, 3-bath condominium of about 2943 square feet at 600 Grapetree Dr, Key Biscayne FL 33149 (Key Biscayne 33149), listed at $2,900,000.
Monthly Costs, Stated Plainly
The monthly HOA fee is $3,267.
The tax of record is $28,539 (2025). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $58,000/yr (≈ $4,833/mo); with the homestead exemption on a primary residence, about $57,000/yr (≈ $4,750/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 is $2,900,000. As for what conveys, the MLS record does not explicitly state whether the home is sold furnished; you must confirm this specifically. Built-in appliances and fixtures generally stay with the property.
The home includes community amenities such as an elevator, exercise room, pool, and sauna, which are shared HOA features, not personal property. To verify exactly what is included with this property at 600 Grapetree Dr, contact Christopher Lazaro, Key Biscayne Real Estate Broker Associate.
Where exactly is it, and what should I know about the location?
The property is located at 600 Grapetree Drive in Key Biscayne, Florida 33149. This is a residential area on a barrier island, positioned along the coastal corridor between Miami and the Atlantic Ocean.
For a detailed discussion of local market dynamics and specific neighborhood information, you should contact Christopher Lazaro, Key Biscayne Real Estate Broker Associate, directly.
What are the HOA / association fees, and what do they cover?
The monthly HOA fee for this property is $3,267. This fee covers the following items as per the association: All Amenities, Building Exterior, Common Area, Elevator, Parking, Roof Repairs, Security, and Water.
The community is also governed by Key Biscayne city ordinances. For a complete review of the governing documents and fee structure, you should contact Christopher Lazaro, Key Biscayne Real Estate Broker Associate.
What are the property taxes and homestead implications?
The recorded tax for 2025 is $28,539. Florida law requires a reassessment upon sale, so new taxes will be based on the purchase price. Using current Miami-Dade rates, the estimated annual property tax would be approximately $58,000 without a homestead exemption, or approximately $57,000 with one, as the exemption reduces the taxable value for a primary residence.
These are estimates, not quotes. You must confirm all figures with the Miami-Dade Property Appraiser and a tax advisor. For precise verification and guidance, contact Christopher Lazaro, Key Biscayne Real Estate Broker Associate.
Is the home in a flood zone, and what does that mean?
The property is located in a FEMA-designated flood zone. You can review the official definitions for flood zones and view the FEMA flood map for this address. Lenders commonly mandate flood insurance for homes in high-risk zones, which impacts both your closing costs and annual carrying expenses.
For a precise evaluation of the specific requirements and associated costs, you should contact Christopher Lazaro, Key Biscayne Real Estate Broker Associate, to verify the details.
Are pets allowed?
The MLS record notes 'Restrictions Or Possible Restrictions' for pets. This means pets are allowed, but with restrictions; we will obtain the association's exact current pet rules for this unit on your request.
Separate federal accommodation rules apply for documented service animals or ESAs. For precise verification of the pet policy for 600 Grapetree Dr, please reach out to Christopher Lazaro, Key Biscayne Real Estate Broker Associate.
How is the price set and is there room to negotiate?
The list price reflects the seller's position, but negotiation is expected. Recent Miami-Dade condo sales have closed at 94% of list price, averaging 64 days on market.
We ground this broader trend in a specific competitive market analysis for Key Biscayne properties. I recommend reviewing that detailed CMA before you consider an offer. To verify the current data and discuss strategy, contact Christopher Lazaro, Key Biscayne Real Estate Broker Associate.
What financing step do you recommend before touring?
Before touring, I recommend securing a pre-approval from a Florida Licensed Mortgage Loan Officer. This clarifies your budget and strengthens your position for a property listed at $2,900,000.
To verify your financing position and discuss the home at 600 Grapetree Dr, contact Christopher Lazaro, Key Biscayne Real Estate Broker Associate, directly.
Monthly Fees & Carrying Costs
| Association Fee | $3,267 / month |
| Total Monthly Fees | $3,267 / month |
- Membership Required: No
- Application Fee: $350 (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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State/county: Miami-Dade County
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Zip/Postal Code: 33149
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Area: MAR-AZUL CONDO
Details
Updated on July 31, 2026 at 5:49 pm-
Property ID A12003348
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Price $2,900,000
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Property Size 2943 Sq Ft
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Bedrooms 3
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Room 0
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Bathrooms 3
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Garages 2
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Year Built 1974
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Type Condominium
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Property Status Active, Residential
Additional details
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Flooring Marble, Tile, Wood
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Waterfront Features Ocean Access, Ocean Front
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Bedroom Features Primary Bath Shower, Sitting Area - Primary Bedroom
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Cooling Central Air
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Association Type Condo
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Building Mar Azul
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Association Fee Frequency Monthly
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Area Mar-azul Condo
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Annual Tax 28539
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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 Yes
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Full Bathrooms 3
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Subdivision MAR-AZUL CONDO
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Total Stories 12
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Restrictions No Restrictions
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Maintenance Includes All Amenities, Building Exterior, Common Area, Elevator, Parking, Roof Repairs, Security, Water
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Amenities Elevator(s), Exercise Room, Pool, Sauna
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Parking Covered
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Heating Central
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Structure Type Condo 5+ Stories, Condo
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Tax Year 2025
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Construction Concrete Block Construction, CBS Construction
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Building Area 2943
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Covered Spaces 2
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Middle School Ponce De Leon
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Unit Floor 10
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View Ocean View, Direct Ocean, Skyline
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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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Attached Yes
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Unit Number 10BN
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Inclusions Deeded Beach Access,Unrestricted Salt Water Access
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Half Bathrooms 0
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Flood Zone AE
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Patio / Porch Open Balcony
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New Construction No
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Garage Spaces 2
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Style Condo 5+ Stories
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Association Fee 3267
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Lot Size (Sq Ft) 0
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Membership Purchase Required No
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