ALERTS FOR KEY COLONY III EMERALD BAY
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Mark Zilbert is a Key Biscayne real estate agent who follows every listing and sale at Key Colony III Emerald Bay. Buyers and sellers can call or text Mark at (786) 280-0201.
Building Facts
| Year Built | 1980 |
|---|---|
| Units | 283 |
| Unit sizes | 1,103 – 3,771 SqFt |
About Key Colony III Emerald Bay
Key Colony III Emerald Bay is a 12-story condo of 283 residences at 151 Crandon Boulevard, finished in 1980 at Key Colony. Two-bedroom condos fill most of it, 221 in all, alongside 43 three-bedroom and 17 four-bedroom residences that run as large as 3,771 SqFt. It is the third of the complex's pyramid-shaped buildings, with lobby attendants and its own pool. Owners also have Key Colony's 24-hour guard gate, gym, jogging path, beach umbrella service and poolside restaurant.
By Mark Zilbert, Global Real Estate Advisor · updated October 2026
Asking prices by bedrooms: 2 beds $1.3M to $1.9M · 3 beds $2.3M to $2.7M
For Sale
5 units · avg asking $1,057/SqFt
| Unit ⇅ | Price ⇅ | Listed ⇅ |
|---|---|---|
| 3202 bed · 1,488 SqFt | $1,250,000$840/SqFt · ▼3.1% | 10/19/2610/19 |
| 310Under Contract2 bed · 1,882 SqFt | $1,690,000$898/SqFt | 10/5/2610/5 |
| 5402 bed · 1,532 SqFt | $1,890,000$1,234/SqFt | 10/7/2610/7 |
| 3453 bed · 2,330 SqFt | $2,280,000$979/SqFt · ▼13.9% | 4/1/264/1 |
| 11303 bed · 2,001 SqFt | $2,650,000$1,324/SqFt | 9/9/269/9 |
Pending Sales
Under contract, awaiting closing. The freshest signal of where prices are settling. In the MLS: For sale is Active or Active with Contract; these are Pending. The price shown is the asking price. The closed price appears in Sold when it records.
| Unit ⇅ | Price ⇅ | Pending ⇅ |
|---|---|---|
| 1382 bed · 1,547 SqFt | $1,800,000$1,164/SqFt | 10/13/2610/13 |
| 10352 bed · 1,547 SqFt | $1,690,000$1,092/SqFt | 7/1/267/1 |
2 residences under contract
Sold · Last 12 Months
15 closed sales · avg $857/SqFt · avg 93% of last asking price
| Unit ⇅ | Sold Price ⇅ | % of Ask ⇅ | Closed ⇅ |
|---|---|---|---|
| 1222 bed · 1,467 SqFt | $1,380,000list $1,438,000 | 96% | 10/15/2610/15 |
| 2412 bed · 1,532 SqFt | $1,400,000list $1,500,000 | 93% | 9/14/269/14 |
| 6262 bed · 1,532 SqFt | $1,250,000list $1,295,000 | 97% | 9/2/269/2 |
| 7022 bed · 1,506 SqFt | $1,250,000list $1,399,000 | 89% | 7/31/267/31 |
| 1271 bed · 1,103 SqFt | $780,000list $835,000 | 93% | 7/20/267/20 |
| 6022 bed · 1,469 SqFt | $1,060,000list $1,060,000 | 100% | 7/7/267/7 |
| 10022 bed · 1,506 SqFt | $1,705,000list $1,695,000 | 101% | 6/26/266/26 |
| 6002 bed · 1,506 SqFt | $1,140,000list $1,235,000 | 92% | 6/23/266/23 |
| 12224 bed · 3,127 SqFt | $3,400,000list $3,400,000 | 100% | 6/5/266/5 |
| 1362 bed · 1,532 SqFt | $1,400,000list $1,450,000 | 97% | 4/10/264/10 |
| 12264 bed · 3,127 SqFt | $2,100,000list $2,750,000 | 76% | 4/10/264/10 |
| 11363 bed · 2,328 SqFt | $2,575,000list $2,900,300 | 89% | 3/30/263/30 |
| 9282 bed · 1,532 SqFt | $1,250,000list $1,295,000 | 97% | 3/30/263/30 |
| 2062 bed · 1,547 SqFt | $990,000list $1,235,000 | 80% | 1/16/261/16 |
| 6282 bed · 1,532 SqFt | $900,000list $1,000,000 | 90% | 11/14/2511/14/25 |
% of ask compares the closed price to the final list price. The building's full sold history, 159 sales, lives on the archive view.
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Location
151 Crandon Blvd · Key Biscayne
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Key Colony III Emerald Bay, 151 Crandon Blvd, Key Biscayne
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