Key Biscayne · micromarket · 12 months · data as of October 19, 2026
Grand Bay and Ocean Drive Market Report
Closed sales from October 1, 2025 to September 30, 2026 · MIAMI REALTORS® MLS data as of October 19, 2026 · reviewed by Julian Acosta · next report January 2027
Median sale price · condominiums · 12 months
$754,500▼ 7.4% vs the twelve months before
The median sale price of a condominium in Grand Bay and Ocean Drive, Key Biscayne (the typical price: half sold for more and half for less), was $754,500 in the twelve months to September 30, 2026, on 28 closed sales, 7.4% less than in the twelve months before, according to MIAMI REALTORS® MLS records analyzed by Julian Acosta with data as of October 19, 2026.
Where Grand Bay and Ocean Drive Is
Grand Bay and Ocean Drive is the middle of the Village. It holds the planned development the County's zoning names Grand Bay, with Grand Bay Residences, built in 1996, and Grand Bay Tower, in 1999, and the condominiums of Ocean Drive, Galen Drive and Sunrise Drive, among them Sands of Key Biscayne; about half of the area's units are in buildings of the 1960s. Ocean Beach Park is beside it. In all, about 1,200 condominium units in 40 buildings; the median unit has about 1,300 SF, built in 1969. The development's hotel-condominium, 188 units, is counted apart (Miami-Dade County Property Appraiser, 2026 record, read October 26, 2026).
Key takeaways
- Condominiums in Grand Bay and Ocean Drive, Key Biscayne, sold at a median of $754,500 in the 12 months to September 2026, on 28 sales, 7.4% less than in the 12 months before. See the full reading
- A condominium in a waterfront building in Grand Bay and Ocean Drive sold at a median of $1,660,000, on 9 sales; off the water, at $650,000, on 19. See the full reading
- A Grand Bay and Ocean Drive condominium took a median of 59 days to sell in the 12 months to September 2026, about 8½ weeks. See the full reading
Where the market in Grand Bay and Ocean Drive is heading
- Grand Bay and Ocean Drive sold 28 condominiums in the 12 months to September 2026, against 27 a year earlier, and their median fell 7.4%.
These are the figures to date, not a forecast.
If you're selling in Grand Bay and Ocean Drive
- How long it takes: a Grand Bay and Ocean Drive condominium took a median of 59 days to sell in the 12 months to September 2026, about 8½ weeks.
- How close to the asking price: the typical condominium closed at 94.6% of its last list price in the 12 months to September 2026; 4 of the 28 closed at or above it.
- The water: the 9 condominiums in waterfront buildings sold at a median of $1,660,000.
If you're buying in Grand Bay and Ocean Drive
- Off the water: 19 condominiums off the water sold at a median of $650,000.
- Price per square foot: a Grand Bay and Ocean Drive condominium sold at a median of $719 per square foot in the 12 months to September 2026.
Grand Bay and Ocean Drive in figures
Data as of October 19, 2026
Single-family · none sold
Grand Bay and Ocean Drive Condo Prices
28 sales · 12 months to September 2026Median sale price · condominiums
$754,500
A year earlier: $815,000 · ▼ 7.4%
If you own a condominium in Grand Bay and Ocean Drive, this is your yardstick: half of the 28 condominiums sold there in the 12 months to September 30, 2026 closed above $754,500 and half below, against $1,400,000 across Key Biscayne (MIAMI REALTORS® MLS).
12 months · 28 sales · MIAMI REALTORS® MLS
Closed sales
28
A year earlier: 27
28 condominiums sold in Grand Bay and Ocean Drive in the 12 months to September 30, 2026, about 2 a month, against 27 the 12 months before (MIAMI REALTORS® MLS).
12 months · 28 sales · MIAMI REALTORS® MLS
Median price per sq ft · condominiums
$719
A year earlier: $811 · ▼ 11.3%
To compare homes of different sizes, look at the price per square foot: a condominium in Grand Bay and Ocean Drive sold for a median $719 in the 12 months to September 30, 2026, so 1,000 Sq.Ft at that rate comes to about $720,000 (MIAMI REALTORS® MLS).
12 months · 28 sales · MIAMI REALTORS® MLS
Median days on market · condominiums
59 days
A year earlier: 88 days
If you sell a condominium in Grand Bay and Ocean Drive, plan for about 8½ weeks: the typical one took 59 days to sell in the 12 months to September 30, 2026 (MIAMI REALTORS® MLS).
12 months · 28 sales · MIAMI REALTORS® MLS
Grand Bay and Ocean Drive Townhouse Prices
1 sale · 12 months to September 2026Median sale price · townhouses
1 sale, too few for a median
A year earlier: 4 sales
Only 1 townhouse sold in Grand Bay and Ocean Drive in the 12 months to September 30, 2026: too few for a fair median, so the sale is listed in the table below (MIAMI REALTORS® MLS).
12 months · 1 sale · MIAMI REALTORS® MLS
Closed sales
1
A year earlier: 4
1 townhouse sold in Grand Bay and Ocean Drive in the 12 months to September 30, 2026, fewer than one a month, against 4 the 12 months before (MIAMI REALTORS® MLS).
12 months · 1 sale · MIAMI REALTORS® MLS
On the water and off it in Grand Bay and Ocean Drive
12 monthsCondos in a waterfront building
$1,660,000
9 sales
Its building's mark
Condos off the water
$650,000
19 sales
Its building's mark
Grand Bay and Ocean Drive Condo Prices by Building
Grand Bay and Ocean Drive, building by building, the way the report files its sales, each building with its condominium sales in the twelve months to September 30, 2026; a building has its row from five sales, and the others are counted together.
| Building | Sales | Median price | Days (median) |
|---|---|---|---|
| Every building | 28 | $754,500 | 59 |
What is my home worth?
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An estimate by Julian Acosta from MLS closed sales and the Miami-Dade County record; not an appraisal. How it works →
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Grand Bay and Ocean Drive versus the other areas of Key Biscayne
| Area | Houses: median price | Houses: sales | Houses: days (median) | Condos: median price |
|---|---|---|---|---|
| Grand Bay and Ocean Drive | — | 0 | — | $754,500 |
| Waterfront Homes → | — | 4 | — | — |
| Homes Off the Water → | $4,160,000 | 34 | 88.5 | — |
| Key Colony and Ocean Lane → | — | 2 | — | $1,140,000 |
| Ocean Club and South Crandon → | — | 0 | — | $2,100,000 |
| Key Biscayne, all its areas → | $4,537,500 | 40 | 94.5 | $1,400,000 |