Key Colony III Emerald Bay Unit 540 For Sale
Property Details
| Asking Price | $1,890,000 |
|---|---|
| Price per SqFt | $1,234 |
| Maintenance Fee | $6,048 Quarterly |
| Property Taxes | $14,400 2026 |
| Interior Space | 1,532 SqFt |
| Beds/Baths | 2/2 |
| Year Built | 1980 |
| MLS # | A12103163 |
Estimated Costs
An estimate of condo or HOA fees and property taxes
Fees and taxes based on MLS provided figures, and may not be accurate
From the listing
Experience the pinnacle of island living in this meticulously fully renovated and modernized residence at Emerald Bay, Key Colony. This rare 2-bedroom + den (convertible to a 3rd bedroom), 2-bathroom home offers over 1,532 SF of bright, contemporary living space, seamlessly blending indoor elegance.The interiors have been thoughtfully redesigned with high-end finishes, custom built-ins, and a clean, minimalist aesthetic that makes it truly move-in ready. Located on the first floor, you are just steps away from the direct beach access that defines the Key Colony lifestyle.Investment Peace of Mind: The building is completing exterior renovations (expected within months).Key Colony is a premier resort-style community featuring:Direct beach access multiple oceanfront pools.12 tennis courts, a state-of-the-art gym, and a lap pool.Dog park, children’s playground, and 24-hour guard-gated security.1 assigned parking space (additional rentals available via management).A unique opportunity to own a piece of paradise in Key Biscayne with unmatched outdoor space. Easy to show. Modern luxury meets island tranquility.
Listed by Necdot
Sales History for This Unit · Key Colony III Emerald Bay Unit 540
| Sale ⇅ | Sold Price ⇅ | Closed Date ⇅ |
|---|---|---|
| A11689097 | $900,000 | 4/17/25 |
What Other Units Have Been Selling For at Key Colony III Emerald Bay
14 units sold at Key Colony III Emerald Bay in the last 12 months at an average of $852/SqFt · This unit (540) is asking $1,234/SqFt
Below, the most recent sales most like this unit: units with the same bedroom count.
| Unit ⇅ | Sold Price ⇅ | % of Ask ⇅ | Closed Date ⇅ |
|---|---|---|---|
| 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 |
| 136 | $1,400,000$914/SqFt | 97% | 4/10/26 |
| 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 Necdot. 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.
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Location
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, 8 of 283 units are for sale and 14 sold in the last 12 months at an average of $852 per SqFt. Unit 540 asks $1,234 per SqFt, above the building's recent sold average. Figures compiled by Mark Zilbert, a Key Biscayne real estate agent with ONE Sotheby's International Realty, from MLS records.