
Property Details
| Sold Price | $2,750,000 |
|---|---|
| Last Asking Price | $3,200,000 |
| Price per SqFt | $879 |
| Maintenance Fee | $11,413 Quarterly |
| Property Taxes | $15,864 2022 |
| Interior Space | 3,127 SqFt |
| Beds/Baths | 4/3 |
| Year Built | 1980 |
| Closed Date | 3/8/2024 |
| MLS # | A11429013 |
Location
From the listing
Welcome to a one-of-a-kind, rarely available Penthouse #1222 at prestigious Key Colony in Key Biscayne! Enjoy spectacular sunsets from your oversized terrace w extraordinary, unobstructed, 180 degree infinite views oF the iconic Miami skyline. Perfect for a large family w a flexible floor plan of over 3,120 sq/ft., this unique 4/3 property feels like a house & is ideal for entertainment. Move right-in or modify & update to make it your own. Two of the rooms can easily be reconverted back to bedrooms. Every room has water views & access to the massive terrace. Plus, 3 prime parking spaces. Emerald Bay is a full-service luxury building that offers a popular Tennis Center w 12 courts. Enjoy Key Biscayne lifestyle from this oceanfront Penthouse in the sky! Some photos virtually staged.
Listed by The Corcoran Group
What It Costs to Own
Monthly, before a mortgage and insurance
Maintenance $11,413 a quarter; taxes $15,864 for 2022. MLS figures, which may not be accurate.
Sales History for This Unit · Key Colony III Emerald Bay Unit 1222
| Sale ⇅ | Sold Price ⇅ | Closed Date ⇅ |
|---|---|---|
| A11989482 | $3,400,000 | 6/5/26 |
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
Below, the most recent sales most like this unit: units with the same bedroom count.
| Unit ⇅ | Sold Price ⇅ | % of Ask ⇅ | Closed Date ⇅ |
|---|---|---|---|
| 1222 | $3,400,000$1,087/SqFt | 100% | 6/5/26 |
| 1226 | $2,100,000$672/SqFt | 76% | 4/10/26 |
| 725 | $2,750,000$892/SqFt | 100% | 7/7/25 |
| 202-204 | $2,650,000$872/SqFt | 90% | 5/1/24 |
| 824 | $2,360,000$770/SqFt | 95% | 4/13/23 |
| 202 & 204 | $1,407,500$463/SqFt | 99% | 3/31/21 |
| — | $1,415,000$457/SqFt | 96% | 2/5/21 |
| 825 | $1,870,000$607/SqFt | 96% | 7/16/13 |
For a full analysis of past sales in this development, contact Mark Zilbert.

Listed by The Corcoran Group. 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 1222, 151 Crandon Blvd · MLS A11429013 · Sold Mar 2024
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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 1222 sold at $879 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.


