Key Biscayne Real Estate Market Overview in April 2025
Sale Market Overview
Median Sale Price: The median sale price for all bedrooms houses and condos in Key Biscayne is $4,715,619 in April 2025, averaging $1,933 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 $2,491,160, averaging $1,280 per square foot.
Properties Available for Sale: There are 187 properties for sale in Key Biscayne, of which 58 are houses and 129 are condominium units listed for sale now.
Days in the Market: Key Biscayne properties are selling after an average of 95 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 $11,648 in April 2025, averaging $6 per square foot.
Average Rent: The average rent in Key Biscayne for all bedrooms houses and condos in the last 12 months is $9,358 per month, averaging $6 per square foot.
Properties Available for Rent: There are 209 properties for rent right now in Key Biscayne, of which 29 are houses and 180 are condos.
Days in the Market: Key Biscayne properties are renting after an average of 89 days on the market.
Pros and Cons for Buying a Property in Key Biscaine in April 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
515 Warren Ln
4 BR / 3.0 BA
2,030 SqFt
$3,250,000
$1,601/Sqft
04/08/2025
101 Ocean Lane Dr #1014
2 BR / 2.0 BA
1,450 SqFt
$875,000
$603/Sqft
04/07/2025
201 Crandon Blvd #504
1 BR / 1.1 BA
1,173 SqFt
$848,500
$723/Sqft
04/04/2025
881 Ocean Dr #3D
2 BR / 2.0 BA
1,875 SqFt
$1,700,000
$907/Sqft
04/04/2025
205 Enid Drive #32
4 BR / 3.1 BA
2,442 SqFt
$2,000,000
$819/Sqft
04/04/2025
350 Grapetree Dr #408
2 BR / 3.0 BA
1,404 SqFt
$1,200,000
$855/Sqft
04/02/2025
1111 Crandon Blvd #C1106
2 BR / 2.0 BA
1,782 SqFt
$1,822,000
$1,022/Sqft
03/31/2025
881 Ocean Dr #PH 27E
2 BR / 2.0 BA
1,875 SqFt
$1,995,000
$1,064/Sqft
03/31/2025
737 Crandon Blvd #202
3 BR / 3.0 BA
2,470 SqFt
$2,400,000
$972/Sqft
03/31/2025
761 Ridgewood Rd
5 BR / 5.0 BA
5,371 SqFt
$3,310,000
$616/Sqft
03/28/2025
660 Mashta Dr
7 BR / 8.1 BA
5,043 SqFt
$13,800,000
$2,736/Sqft
03/28/2025
412 Ridgewood Rd
4 BR / 3.0 BA
2,264 SqFt
$3,150,000
$1,391/Sqft
03/25/2025
195 Sunrise Dr #8
1 BR / 1.0 BA
676 SqFt
$463,000
$685/Sqft
03/25/2025
749 Crandon Blvd #212
4 BR / 3.0 BA
2,650 SqFt
$2,575,000
$972/Sqft
03/25/2025
733 Crandon Blvd #PH-5
2 BR / 2.1 BA
2,060 SqFt
$2,060,000
$1,000/Sqft
03/21/2025
101 Ocean Lane Dr #APT 302
2 BR / 2.0 BA
1,450 SqFt
$765,000
$528/Sqft
03/19/2025
360 Ocean Dr #406S
3 BR / 4.1 BA
2,257 SqFt
$5,500,000
$2,437/Sqft
03/17/2025
101 Ocean Lane Dr #208
2 BR / 2.0 BA
1,450 SqFt
$725,000
$500/Sqft
03/17/2025
1121 Crandon Blvd #E405
2 BR / 2.0 BA
1,409 SqFt
$1,000,000
$710/Sqft
03/14/2025
170 Ocean Lane Dr #501
2 BR / 2.0 BA
1,435 SqFt
$845,000
$589/Sqft
03/14/2025
Average Price: $589/Sqft
Rented Units (30 days)
Unit
Beds / Baths
Liv Area SqFt
Rented Price
Price/SqFt
Close Date
181 Crandon Blvd #104
2 BR / 2.0 BA
1,720 SqFt
$6,600
$4/Sqft
04/07/2025
200 Galen Dr #302
1 BR / 1.1 BA
730 SqFt
$2,700
$4/Sqft
04/07/2025
630 Warren Ln
5 BR / 4.0 BA
3,058 SqFt
$18,000
$6/Sqft
04/04/2025
240 Galen Dr #216
1 BR / 1.1 BA
725 SqFt
$2,950
$4/Sqft
04/01/2025
251 Crandon Blvd #1105
2 BR / 2.0 BA
1,368 SqFt
$7,500
$5/Sqft
04/01/2025
210 Seaview Dr #210
2 BR / 2.0 BA
1,330 SqFt
$4,400
$3/Sqft
04/01/2025
881 Ocean Dr #TH12
2 BR / 2.0 BA
1,042 SqFt
$5,800
$6/Sqft
04/01/2025
50 Ocean Lane Dr #403
3 BR / 2.0 BA
1,360 SqFt
$5,100
$4/Sqft
03/29/2025
155 Ocean Lane Dr #709
2 BR / 2.0 BA
1,260 SqFt
$5,000
$4/Sqft
03/25/2025
791 Crandon Blvd #507
4 BR / 5.1 BA
3,581 SqFt
$20,000
$6/Sqft
03/24/2025
715 Crandon Blvd #206
2 BR / 1.1 BA
1,310 SqFt
$8,500
$6/Sqft
03/23/2025
300 Sunrise Dr #3D
1 BR / 1.0 BA
510 SqFt
$2,200
$4/Sqft
03/21/2025
781 Crandon Blvd #1102
2 BR / 2.1 BA
2,100 SqFt
$10,500
$5/Sqft
03/15/2025
Average Price: $5/Sqft
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