Key Biscayne Real Estate Market Update

May 25, 2017

Real estate in Key Biscayne includes both single-family homes and condominiums. Many of the properties are a part of the luxury market and priced at more than $1 million. Here’s how the market breaks down for Key Biscayne currently.

Single-Family Homes

There are currently 28 waterfront homes for sale in Key Biscayne with price range from $4.625 million to $40 million. None of the waterfront homes for sale in Key Biscayne have sold yet in 2017, but two are pending.

Currently, 85 non-waterfront single-family homes are available with four pending sales and five sold so far in 2017. The price range for non-waterfront homes ranges from $1.499 million to $6.25 million.

A total of 113 homes are currently listed with 6 pending sales and five sold so far for 2017.

Condominiums

A total of 299 condo units are listed for sale in Key Biscayne with 224 waterfront and 75 non-waterfront options. Year-to-date, 42 units have sold and 32 sales are pending. Out of those sales, 30 are waterfront units and 12 are non-waterfront. Another 20 waterfront sales are pending with 12 more non-waterfront pending.

The price range for current waterfront condominiums starts at $275K and goes up to $19.89 million. Non-waterfront condo units in Key Biscayne range from $325K to $2.89 million.

Related: Miami Real Estate Q1 2017 Market Report

A breakdown of the condos for sale, by building is found below:

  • Casa del Mar – 8 units for sale with 1 sold and 3 pending sales
  • Commodore Club – 36 units for sale with 2 sold and 1 pending sale
  • Grand Bay – 17 units for sale with 1 unit sold
  • Island House – 6 units for sale
  • Key Colony – 54 unites for sale with 12 sold and 9 pending sales
  • Mar Azul – 4 units for sale
  • Oceana – 20 units for sale with 1 pending sale
  • Ocean Club – 67 units for sale with 2 sold and 2 pending sales
  • Ocean Lane Plaza – 8 units for sale
  • Ocean Village – 4 units for sale with 1 sold and 2 pending sales
  • The Ritz Carlton – 11 units for sale with 1 sold and 1 pending
  • The Sands – 5 units for sale with 2 sold and 1 pending
  • The Towers of Key Biscayne – 22 units for sale with 8 sold and 4 pending

Current market trends in Key Biscayne show a 7% decrease in the median home sales over the past year with an average price per square foot falling from $732 to $596.

Back to Blog

Edit Search

  • Email Updates
  • Only Update me On
Close
Share this property

Recomend this to a friend, just enter their email below.

To
* Required fields
Close
Email Sent! Your email was sent successfully
Close
Register
  • Thank You For Registering

    Just a few more details so we can help you

    (All fields are required)

    When are you looking to purchase?
  • Thank You For Registering

    Just a few more details so we can help you

    (All fields are required)

    Need assistance with financing?
  • Thank You For Registering

    Just a few more details so we can help you

    (All fields are required)

    Need to also sell your property?

I agree to be contacted by The Audrey Ross Team via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy and Terms of Service.

Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.