Key Biscayne Real Estate Market Overview in June 2025
Sale Market Overview
Median Sale Price: The median sale price for all bedrooms houses and condos in Key Biscayne is $4,599,002 in June 2025, averaging $1,855 per square foot.
Median Sold Price: The median sold price for all bedrooms houses and condos in Key Biscayne in the last 12 months is $2,479,404, averaging $1,242 per square foot.
Properties Available for Sale: There are 179 properties for sale in Key Biscayne, of which 57 are houses and 122 are condominium units listed for sale now.
Days in the Market: Key Biscayne properties are selling after an average of 94 days on the market.
Rental Market Overview
Median List Price for Rent: The median rental price for all bedrooms houses and condos in Key Biscayne is $13,561 in June 2025, averaging $7 per square foot.
Average Rent: The average rent in Key Biscayne for all bedrooms houses and condos in the last 12 months is $9,541 per month, averaging $6 per square foot.
Properties Available for Rent: There are 212 properties for rent right now in Key Biscayne, of which 40 are houses and 172 are condos.
Days in the Market: Key Biscayne properties are renting after an average of 85 days on the market.
Pros and Cons for Buying a Property in Key Biscaine in June 2025
Pros of Buying a Property in Key Biscayne
Exclusive Location: With a limited number of properties on an exclusive island, buyers invest in a unique and prestigious location.
Long-term Value: Despite current market fluctuations, the long-term value of properties in Key Biscayne has traditionally been strong due to its desirability and limited supply.
Strong Rental Market: The rental market in Key Biscayne is robust, with high median rents that can yield significant returns for property owners.
Wealthy Demographics: With a per capita income of $79,743, which is wealthy relative to Florida and the nation, the demographics of Key Biscayne support a high-end rental and sales market​​.
Cons of Buying a Property in Key Biscayne
High Entry Price: The cost of entry into the Key Biscayne market is steep, making it challenging for average buyers.
Market Volatility: Like any upscale market, Key Biscayne can experience significant price fluctuations, which may impact short-term investments.
High Cost of Living: The cost of living in Key Biscayne is significantly higher than the national average, with utility, groceries, and transportation costs all above average due to its island location.
Sold Units (30 days)
Unit
Beds / Baths
Liv Area SqFt
Sold Price
Price/SqFt
Close Date
151 Crandon Blvd #604
3 BR / 3.0 BA
2,010 SqFt
$1,950,000
$970/Sqft
05/23/2025
464 Fernwood Rd #B
3 BR / 3.0 BA
3,624 SqFt
$2,500,000
$690/Sqft
05/23/2025
881 Ocean Dr #23B
2 BR / 2.0 BA
1,875 SqFt
$1,520,000
$811/Sqft
05/21/2025
101 Ocean Lane Dr #406
2 BR / 2.0 BA
1,450 SqFt
$780,000
$538/Sqft
05/15/2025
611 Ocean Dr #2E
2 BR / 2.0 BA
1,496 SqFt
$1,350,000
$902/Sqft
05/15/2025
710 Allendale Rd
4 BR / 3.0 BA
1,979 SqFt
$2,730,000
$1,379/Sqft
05/08/2025
161 Crandon Blvd #118
3 BR / 3.0 BA
2,144 SqFt
$2,250,000
$1,049/Sqft
05/06/2025
227 Enid Dr #43
2 BR / 2.1 BA
1,460 SqFt
$1,320,000
$904/Sqft
05/06/2025
590 Ocean Dr #8C
2 BR / 2.0 BA
1,365 SqFt
$805,000
$590/Sqft
05/02/2025
Average Price: $590/Sqft
Rented Units (30 days)
Unit
Beds / Baths
Liv Area SqFt
Rented Price
Price/SqFt
Close Date
155 Ocean Lane Dr #907
1 BR / 1.1 BA
895 SqFt
$3,800
$4/Sqft
05/27/2025
360 Ocean Dr #904S
2 BR / 3.1 BA
1,703 SqFt
$20,000
$12/Sqft
05/24/2025
166 Harbor Dr #6B
3 BR / 3.0 BA
2,160 SqFt
$15,500
$7/Sqft
05/23/2025
177 Ocean Lane Dr #303
1 BR / 1.1 BA
840 SqFt
$3,700
$4/Sqft
05/22/2025
201 Crandon Blvd #341
2 BR / 2.0 BA
1,531 SqFt
$5,200
$3/Sqft
05/22/2025
1121 Crandon Blvd #E808
2 BR / 2.0 BA
1,782 SqFt
$6,800
$4/Sqft
05/21/2025
92 Mashta Dr
4 BR / 3.0 BA
2,403 SqFt
$14,000
$6/Sqft
05/20/2025
200 Galen Dr #303
1 BR / 1.1 BA
730 SqFt
$2,700
$4/Sqft
05/20/2025
166 Harbor Dr #15C
2 BR / 2.0 BA
1,408 SqFt
$8,000
$6/Sqft
05/20/2025
199 Ocean Lane Dr #813
2 BR / 2.0 BA
1,260 SqFt
$5,000
$4/Sqft
05/18/2025
177 Ocean Lane Dr #1013
2 BR / 2.0 BA
1,260 SqFt
$5,500
$4/Sqft
05/16/2025
324 Caribbean Rd
5 BR / 4.0 BA
3,006 SqFt
$17,000
$6/Sqft
05/16/2025
101 Ocean Lane Dr #105
1 BR / 1.1 BA
972 SqFt
$3,300
$3/Sqft
05/15/2025
151 Crandon Blvd #534
3 BR / 2.0 BA
1,584 SqFt
$7,800
$5/Sqft
05/07/2025
151 Crandon Blvd #104
2 BR / 2.0 BA
1,532 SqFt
$5,000
$3/Sqft
05/06/2025
251 Crandon Blvd #108
2 BR / 2.0 BA
1,532 SqFt
$6,100
$4/Sqft
05/06/2025
251 Crandon Blvd #1022
2 BR / 2.0 BA
1,546 SqFt
$6,700
$4/Sqft
05/05/2025
575 Crandon Bl #303
1 BR / 1.1 BA
1,013 SqFt
$2,800
$3/Sqft
05/05/2025
650 Ocean Dr #9D
3 BR / 2.0 BA
1,847 SqFt
$6,500
$4/Sqft
05/05/2025
201 Greenwood Dr
4 BR / 4.0 BA
2,534 SqFt
$16,000
$6/Sqft
05/02/2025
Average Price: $6/Sqft
Get In Touch With Your Key Biscayne Realty Expert
Reach out today for personalized, professional assistance tailored to meet your real estate needs in this beautiful island paradise. We speak English, Spanish and Portuguese.
Thank you! Your submission has been received! An advisor will get in touch as soon as possible.
Oops! Something went wrong while submitting the form ;( Please try again.
