Key Biscayne Average Condo Prices in February 2026
98 Condos for Sale
AVERAGE LIST PRICE
$2,612,500
$1,368/SqFt
154 Sold Condos
AVERAGE SOLD PRICE
$1,691,622
$992/SqFt
107 day average on market
(last 12 mo)
123 Condos for Rent
AVERAGE LIST PRICE
$10,608
$6/SqFt
298 Rented Condos
AVERAGE SOLD PRICE
$8,669
$6/SqFt
74 day average on market
(last 12 mo)
Key Biscayne Real Estate Market Overview in February 2026
Sale Market Overview
Median Sale Price: The median sale price for all bedrooms houses and condos in Key Biscayne is $5,067,352 in February 2026, averaging $1,926 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 $2,531,794, averaging $1,235 per square foot.
Properties Available for Sale: There are 145 properties for sale in Key Biscayne, of which 47 are houses and 98 are condominium units listed for sale now.
Days in the Market: Key Biscayne properties are selling after an average of 110 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 $15,572 in February 2026, 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 $9,651 per month, averaging $6 per square foot.
Properties Available for Rent: There are 153 properties for rent right now in Key Biscayne, of which 30 are houses and 123 are condos.
Days in the Market: Key Biscayne properties are renting after an average of 74 days on the market.
Pros and Cons for Buying a Property in Key Biscaine in February 2026
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
161 Crandon Blvd #125
3 BR / 3.0 BA
1,864 SqFt
$1,770,000
$950/Sqft
02/17/2026
177 Ocean Lane Dr #212
2 BR / 2.0 BA
1,260 SqFt
$980,000
$778/Sqft
02/11/2026
199 Ocean Lane Dr #313
2 BR / 2.0 BA
1,260 SqFt
$1,140,000
$905/Sqft
02/06/2026
445 Grand Bay Dr #802
2 BR / 3.0 BA
2,950 SqFt
$2,730,000
$925/Sqft
02/06/2026
765 Crandon Blvd #202
3 BR / 3.0 BA
2,602 SqFt
$2,200,000
$846/Sqft
02/06/2026
669 Mashta Dr
3 BR / 3.1 BA
3,382 SqFt
$4,750,000
$1,404/Sqft
02/04/2026
201 Galen Drive #104
2 BR / 2.0 BA
1,109 SqFt
$535,000
$482/Sqft
02/03/2026
325 Fernwood Rd #5
1 BR / 1.0 BA
474 SqFt
$395,000
$833/Sqft
02/02/2026
1121 Crandon Blvd #E304
2 BR / 2.0 BA
1,409 SqFt
$820,000
$582/Sqft
01/30/2026
799 Crandon Blvd #607
3 BR / 3.0 BA
2,510 SqFt
$3,800,000
$1,514/Sqft
01/30/2026
785 Crandon Blvd #603
3 BR / 4.1 BA
2,500 SqFt
$2,990,000
$1,196/Sqft
01/30/2026
161 Crandon Blvd #412
2 BR / 2.0 BA
1,715 SqFt
$1,225,000
$714/Sqft
01/29/2026
200 Mcintyre St
5 BR / 5.0 BA
3,962 SqFt
$3,700,000
$934/Sqft
01/27/2026
670 Allendale Rd
5 BR / 4.1 BA
2,320 SqFt
$3,475,000
$1,498/Sqft
01/27/2026
301 Sunrise Dr #1DW
0 BR / 1.0 BA
460 SqFt
$445,000
$967/Sqft
01/23/2026
202 Sunrise Dr #202C
4 BR / 4.0 BA
1,750 SqFt
$1,750,000
$1,000/Sqft
01/22/2026
155 Ocean Lane Dr #404
2 BR / 2.0 BA
1,260 SqFt
$1,050,000
$833/Sqft
01/21/2026
1121 Crandon Blvd #D402
2 BR / 2.0 BA
1,782 SqFt
$1,700,000
$954/Sqft
01/20/2026
Average Price: $954/Sqft
Rented Units (30 days)
Unit
Beds / Baths
Liv Area SqFt
Rented Price
Price/SqFt
Close Date
155 Ocean Lane Dr #113C
0 BR / 1.0 BA
400 SqFt
$2,600
$7/Sqft
02/17/2026
201 Galen Dr #215W
1 BR / 1.1 BA
854 SqFt
$2,700
$3/Sqft
02/17/2026
613 Ocean Dr #6D
2 BR / 2.0 BA
1,496 SqFt
$6,500
$4/Sqft
02/15/2026
251 Crandon Blvd #535
2 BR / 2.0 BA
1,546 SqFt
$5,700
$4/Sqft
02/09/2026
781 Crandon Blvd #702
2 BR / 2.1 BA
2,100 SqFt
$12,500
$6/Sqft
02/06/2026
200 Sunrise Dr #200C
4 BR / 4.0 BA
1,700 SqFt
$8,500
$5/Sqft
02/03/2026
798 Crandon Blvd #30-C
2 BR / 1.1 BA
875 SqFt
$3,500
$4/Sqft
02/02/2026
435 Ridgewood Road
4 BR / 4.0 BA
2,596 SqFt
$14,500
$6/Sqft
02/02/2026
705 Crandon Blvd #306
2 BR / 2.0 BA
1,310 SqFt
$10,000
$8/Sqft
02/01/2026
177 Ocean Lane Dr #1001
3 BR / 2.1 BA
1,930 SqFt
$11,000
$6/Sqft
01/30/2026
251 Crandon Blvd #1036
3 BR / 3.0 BA
2,310 SqFt
$14,500
$6/Sqft
01/27/2026
251 Crandon Blvd #243
2 BR / 3.0 BA
2,312 SqFt
$8,850
$4/Sqft
01/27/2026
798 Crandon Blvd #29-C
3 BR / 2.1 BA
1,200 SqFt
$4,200
$4/Sqft
01/26/2026
2 BR / 2.0 BA
1,532 SqFt
$7,825
$5/Sqft
01/23/2026
621 Mashta Drive
4 BR / 5.0 BA
3,202 SqFt
$30,000
$9/Sqft
01/23/2026
781 Crandon Blvd #1404
3 BR / 3.1 BA
2,500 SqFt
$15,000
$6/Sqft
01/23/2026
255 Sunrise Dr #103
1 BR / 1.0 BA
608 SqFt
$2,500
$4/Sqft
01/20/2026
Average Price: $4/Sqft
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