The project
Key Biscayne's residential redevelopment is concentrated in two verified projects. Terra and Fortune International Group closed the record $205 million purchase of the Silver Sands Beach Resort site at 301 Ocean Drive in April 2025, after the Village Council approved the zoning in October 2024, and plan a 56-unit ultra-luxury condominium of 13 to 14 stories with architecture by Touzet Studio.
Separately, a Gencom and Fortune International Group joint venture is planning a roughly $100 million renovation of the Ritz-Carlton Key Biscayne and its unification with the Grand Bay Club, backed by $300 million in financing from Blackstone. The Silver Sands units are projected at about $10 million and above; no public price list was located, so current terms should be confirmed with the sales team.
Project snapshot
Key Biscayne residential redevelopment at a glance.
The facts below are drawn from this guide and from the developer's published materials. Where a fact is not verified, the page says so plainly rather than guessing.
- Location / County
- Key Biscayne, Miami-Dade County
- Residence types
- 56-unit condo (Silver Sands); hotel-club redevelopment (Grand Bay)
- Status
- Pre-Construction
- Estimated completion
- Not verified
- Published pricing
- Projected ~$10M+; not yet public
- Developer
- Terra & Fortune International Group
- Rental restrictions
- Contact for current information
Information reviewed October 2026. Prices, availability, and completion dates change frequently. Confirm current terms with the developer or a licensed advisor.
- Silver Sands zoning approved October 2024: Source: Islander News, October 2024
- Record $205M land closing, April 2025: Source: The Real Deal, April 2025
- 56 units, 13-14 stories, architecture by Touzet Studio: Source: WLRN and The Real Deal, verified October 2026
- Grand Bay Ritz-Carlton renovation plan and $300M Blackstone financing: Source: The Real Deal and Florida YIMBY, May 2025
Sources consulted for this guide
- Islander News zoning approval, October 2024
- The Real Deal $205M land sale, April 2025
- WLRN Silver Sands sale report
- The Real Deal Grand Bay financing, May 2025
- Florida YIMBY Ritz-Carlton renovation, May 2025
Source links open in a new tab and are provided for verification only. Facts carry the verification date recorded above; prices, availability, and timelines change and require sales-gallery confirmation.
Verified facts carry the source links above, each pointing to the original public source where one is available. Everything else on this page is marked Not verified or Contact for current information. This page never hosts or hotlinks external files, renderings, brochures, or floor plans; where a document exists only on the developer's site, the source link above is the reference.
At a glance
Key Biscayne residential redevelopment in Key Biscayne, in numbers.
County
Miami-Dade
City
Key Biscayne
Neighborhood
Key BiscayneDeveloper
Terra & Fortune International Group (Silver Sands); Gencom & Fortune (Grand Bay)
Address
Silver Sands site at 301 Ocean Drive, Key Biscayne; Grand Bay at 455 Grand Bay Drive
Price range
Contact for current information
Starting price
On request
Residences
56 residences (Silver Sands condo project, proposed)
Floors
13-14 (Silver Sands, per approved variants)
Sales availability
Silver Sands zoning approved October 2024; land closed April 2025; private sales launch expected fall 2026
Est. completion
Not verified
Residence types
Condominiums (Silver Sands), Hotel and club redevelopment (Grand Bay)
Construction status
Pre-Construction
Property category
Mixed-use
Design & architecture
Silver Sands architecture by Touzet Studio; landscaping by Raymond Jungles
Official website
Contact for current information
Gallery
Renderings and interiors.
Developer renderings and interior imagery are updated as phases release. Current documents are shared privately with registered buyers.
Interior renderings on request
Floor plans on request
Pricing & availability
What Key Biscayne residential redevelopment costs today.
The advertised starting price is the developer's published entry point. Available units, real pricing bands, and incentives change as phases sell, so we confirm current terms with the sales team before you commit capital.
- Advertised starting price
- Contact for current information
- Published price range
- Contact for current information
- Available units / sales status
- Silver Sands zoning approved October 2024; land closed April 2025; private sales launch expected fall 2026
- Price by bedroom configuration
- Silver Sands units projected at roughly $10M+; no public price list located
- Penthouse pricing
- Contact for current information
- Deposit schedule
- Silver Sands pricing and deposit schedule not yet public; terms confirmed with the sales team at launch
- Developer incentives
- Contact for current information
Current pricing sheet for Key Biscayne residential redevelopment.
Price lists, deposit schedules, and any developer incentives are shared privately with registered buyers after the sales team confirms today's numbers.
Request current pricingWhere a number is not published on this page, the row reads Contact for current information rather than guessing. Never treat an advertised starting price as the price of a specific available unit.
Architecture & residences
The building and residences at Key Biscayne residential redevelopment.
The building profile below records what this page verifies about the tower and its residences: floor counts, unit mix, dimensions, finishes, and views. Anything the page does not state is marked Not verified rather than guessed. Layouts, dimensions, and pricing change as phases sell, so current floor plan documents, view matrices, and availability are shared with registered buyers.
- Towers / floors
- 13-14 (Silver Sands, per approved variants)
- Total residences
- 56 residences (Silver Sands condo project, proposed)
- Residence types
- Condominiums (Silver Sands), Hotel and club redevelopment (Grand Bay)
- Square footage
- Contact for current information
- Ceiling heights
- Not verified
- Finishes
- Not verified
- Kitchens
- Not verified
- Baths
- Not verified
- Smart-home features
- Not verified
- Parking & storage
- Not verified
- Views
- Not verified
The floor plans at Key Biscayne residential redevelopment.
Layouts, dimensions, and pricing change as phases sell. We share current floor plan documents, view matrices, and availability with registered buyers.
Silver Sands Condominium Program
3-4 bedroom · On request
56-unit ultra-luxury oceanfront plan across 13-14 stories; units projected from about $10M.
Full floor plan documents, view matrices, and current availability are shared privately with registered buyers.
Request floor plansAmenities & lifestyle
The amenity program at Key Biscayne residential redevelopment.
The list below records every amenity this page verifies for the project. Where the status of an amenity is not documented on this page, confirm with the sales team whether it is planned or already operating before you rely on it.
Oceanfront beachfront positioning at 301 Ocean Drive
Landscaping by Raymond Jungles (Silver Sands, per project team)
Adjacent to the Grand Bay Club and Ritz-Carlton Key Biscayne programs
Construction & completion
Where Key Biscayne residential redevelopment stands today.
Completion dates on new construction are estimates, not promises: they shift with permitting, financing, and the pace of the build. Announced milestones below are the ones this page records; anything unverified is marked plainly, and the current timeline should be confirmed with the developer before you plan around it.
- Construction status
- Pre-Construction
- Estimated completion
- Timeline requires confirmation
- Announced milestones
- Silver Sands zoning approved October 2024; $205M land closing April 2025 (record Key Biscayne land sale); construction estimated to begin late 2026; private sales launch expected fall 2026
Estimated completion is the developer's target as recorded on this page and is not a verified delivery date. Where the timeline is not verified, current scheduling requires confirmation with the project's sales team.
Location & neighborhood
Where Key Biscayne residential redevelopment sits.
Address, neighborhood position, and nearby attractions below are recorded from this page's own project notes. Drive times, walk scores, and ratings are never invented on this site; where they are not documented here, the community guide is the best next step.
- Street address
- Silver Sands site at 301 Ocean Drive, Key Biscayne; Grand Bay at 455 Grand Bay Drive
- City
- Key Biscayne
- County
- Miami-Dade
- Neighborhood
- Key Biscayne
- Position & nearby
- Silver Sands site at 301 Ocean Drive; Grand Bay at 455 Grand Bay Drive, Key Biscayne
- Transport notes
- Key Biscayne connects to mainland Miami via the Rickenbacker Causeway
Community guide
Key Biscayne
Explore Key Biscayne living, dining, and market context in the full community guide.
Explore the areaOwnership considerations
What to know before you commit.
General guidance for new construction buyers. Building-specific details are marked "Not verified" where they have not been confirmed for this project.
- Short-term rental policy
- Not verified on this page; rental rules are confirmed in the governing documents before you commit
- Minimum rental period
- Not verified
- Leasing / owner-occupancy rules
- Not verified; confirm current leasing and occupancy terms with the sales team
- HOA / condo fees
- Not published on this page; request the current budget before you commit
- Financing notes
- Not verified on this page; the deposit schedule above records the financing model this page states for the project, and loan terms are confirmed before contract
Closing costs
Florida buyer closing costs typically include title insurance, lender fees, county recording charges, prorated property taxes, and Florida documentary stamp tax on the purchase price. The exact figure for this project is not published on this page, so confirm the current estimate before you sign. Not verified.
Not verified
HOA and condo fees
New developments typically assess monthly HOA or condominium fees covering common areas, amenities, insurance, and building staff, with special assessments possible for capital projects. Monthly fees for this project are not published on this page; request the current budget. Not verified.
Not verified
Deposit process
Pre-construction purchases in Florida commonly require staged deposits across contract, groundbreaking, and closing milestones, held in escrow. The exact schedule for this project should be confirmed in writing with the developer before you commit. Not verified.
Not verified
Flood and wind insurance
Coastal Florida properties carry flood and windstorm insurance requirements that can add meaningfully to monthly carrying costs, and premiums have risen across the state. The current premium profile for this project is not published on this page; confirm with an insurance advisor. Not verified.
Not verified
Buyer questions
Key Biscayne residential redevelopment, answered.
Pricing, deposits, timelines, the developer, and the investment case, answered directly. For the broader picture on South Florida new construction, browse the full FAQ hub.
New Construction South Florida FAQsWhat is the status of the Silver Sands redevelopment?
The Village Council approved the zoning ordinances in October 2024, and Terra with Fortune International Group closed the record $205 million land purchase in April 2025. Construction is estimated to begin late 2026 with a private sales launch expected around fall 2026.
How many residences will the Silver Sands project have?
The approved plan is a 56-unit ultra-luxury condominium of 13 to 14 stories, with units projected at roughly $10 million and above.
What is happening at the Grand Bay and Ritz-Carlton Key Biscayne?
A Gencom and Fortune International Group joint venture plans a roughly $100 million renovation of the Ritz-Carlton Key Biscayne and its unification with the Grand Bay Club, backed by $300 million in financing from Blackstone. It is a hotel and club redevelopment rather than new residential units.
Are there other new residential projects on Key Biscayne?
Key Colony is an existing roughly 1,200-unit, four-tower condominium complex built 1979-1981, not a redevelopment. The two active verified programs are the Silver Sands condo project and the Grand Bay Ritz-Carlton renovation.
Explore Key Biscayne
Keep exploring Key Biscayne residential redevelopment's market.
Community guide
Key Biscayne
Explore the areaCounty new construction
Miami-Dade County
View county guideNearby development
Ambar Station
View projectNearby development
Metro Parc North
View projectNearby development
Canarias at Downtown Doral
View projectDirectory
All new construction
Browse all projectsPre-construction access
Request pricing & floor plans for Key Biscayne residential redevelopment.
Tell us the floor plans and views you are considering, and we will respond with current availability, pricing, deposit structure, and the contract terms that matter before you commit. Complete discretion, no obligation.
Current availability and pricing across the project
Deposit structure and contract terms, negotiated for you
Honest comparison against the resale market
Request pricing & floor plans: Key Biscayne residential redevelopment
No obligation, complete discretion.