Property Details
| Sold Price | $1,400,000 |
|---|---|
| Last Asking Price | $1,450,000 |
| Price per SqFt | $914 |
| Maintenance Fee | $2,000 Monthly |
| Property Taxes | $13,539 2025 |
| Interior Space | 1,532 SqFt |
| Beds/Baths | 2/2 |
| Year Built | 1980 |
| Closed Date | 4/10/2026 |
| MLS # | A11959102 |
Location
From the listing
Welcome to Emerald Bay at Key Colony in the heart of Key Biscayne. This beautifully remodeled and fully modernized 2-bedroom + den, 2-bath lanai residence offers over 1,500 SF of bright, inviting living space with seamless indoor-outdoor flow. A standout feature is the impressive 920SqFt private outdoor space (lanai), creating an exceptional extension of the living area, perfect for entertaining, relaxing, or enjoying the coastal breeze in total privacy. The interiors have been thoughtfully updated with a clean, contemporary design, custom built-ins, and elegant finishes throughout, delivering a stylish, move-in-ready home. Enjoy the convenience of first-floor access just steps from the beach, within the lush, resort-style grounds Key Colony is known for. The building is currently undergoing exterior renovations, scheduled to be completed within the next couple of months, with the seller having already paid the special assessment. The unit includes one assigned parking space, with the option to rent more spaces through management. Emerald Bay offers 24-hour security, pool, gym, tennis courts, and direct beach access, all within one of Key Biscayne’s most desirable communities. A modern residence with rare outdoor space in a premier island setting—easy to show and a pleasure to live in.
Listed by Douglas Elliman
What It Costs to Own
Monthly, before a mortgage and insurance
Maintenance $2,000 a month; taxes $13,539 for 2025. MLS figures, which may not be accurate.
Sales History for This Unit · Key Colony III Emerald Bay Unit 136
| Sale ⇅ | Sold Price ⇅ | Closed Date ⇅ |
|---|---|---|
| A1842050 | $715,000 | 1/31/14 |
What Other Units Have Been Selling For at Key Colony III Emerald Bay
15 units sold at Key Colony III Emerald Bay in the last 12 months at an average of $857/SqFt (this sale among them)
Below, the most recent sales most like this unit: units with the same bedroom count.
| Unit ⇅ | Sold Price ⇅ | % of Ask ⇅ | Closed Date ⇅ |
|---|---|---|---|
| 122 | $1,380,000$941/SqFt | 96% | 10/15/26 |
| 241 | $1,400,000$914/SqFt | 93% | 9/14/26 |
| 626 | $1,250,000$816/SqFt | 97% | 9/2/26 |
| 702 | $1,250,000$830/SqFt | 89% | 7/31/26 |
| 602 | $1,060,000$722/SqFt | 100% | 7/7/26 |
| 1002 | $1,705,000$1,132/SqFt | 101% | 6/26/26 |
| 600 | $1,140,000$757/SqFt | 92% | 6/23/26 |
| 928 | $1,250,000$816/SqFt | 97% | 3/30/26 |
For a full analysis of past sales in this development, contact Mark Zilbert.
Listed by Douglas Elliman. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in Key Biscayne and throughout South Florida.
Ask Mark About This Listing
Key Colony III Emerald Bay Unit 136, 151 Crandon Blvd · MLS A11959102 · Sold Apr 2026
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The curated data and calculated data for this property and its surrounding condo units and homes is based solely on data we have extracted from the MLS. There may be unpublished, private, quit claim and other property offerings and transfers that do not appear here, which may affect how a buyer or seller perceives property values. Always conduct proper due diligence when considering buying or selling property.
More at Key Colony III Emerald Bay
At Key Colony III Emerald Bay, 7 of 283 units are for sale and 15 sold in the last 12 months at an average of $857 per SqFt. Unit 136 sold at $914 per SqFt, above the building's average at the time. Figures compiled by Mark Zilbert, a Key Biscayne real estate agent with ONE Sotheby's International Realty, from MLS records.