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Key Biscayne 2026 Market Report
Key Biscayne Average Home Prices in May 2026
0 Homes for Sale
AVERAGE LIST PRICE
$0
$0/SqFt
47 Sold Homes
AVERAGE SOLD PRICE
$5,668,665
$1,659/SqFt
130 day average on market
(last 12 mo)
27 Homes for Rent
AVERAGE LIST PRICE
$32,309
$9/SqFt
48 Rented Homes
AVERAGE RENTED PRICE
$14,709
$6/SqFt
74 day average on market
(last 12 mo)
Key Biscayne Average Condo Prices in May 2026
99 Condos for Sale
AVERAGE LIST PRICE
$2,730,880
$1,381/SqFt
156 Sold Condos
AVERAGE SOLD PRICE
$1,741,658
$1,002/SqFt
106 day average on market
(last 12 mo)
114 Condos for Rent
AVERAGE LIST PRICE
$10,638
$6/SqFt
313 Rented Condos
AVERAGE SOLD PRICE
$8,457
$6/SqFt
75 day average on market
(last 12 mo)
Key Biscayne Real Estate Market Overview in May 2026
Sale Market Overview
Median Sale Price: The median sale price for all bedrooms houses and condos in Key Biscayne is $2,730,880 in May 2026, averaging $1,381 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 $2,650,867, averaging $1,246 per square foot.
Properties Available for Sale: There are 99 properties for sale in Key Biscayne, of which 0 are houses and 99 are condominium units listed for sale now.
Days in the Market: Key Biscayne properties are selling after an average of 111 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 $14,788 in May 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 $9,289 per month, averaging $6 per square foot.
Properties Available for Rent: There are 141 properties for rent right now in Key Biscayne, of which 27 are houses and 114 are condos.
Days in the Market: Key Biscayne properties are renting after an average of 75 days on the market.
Pros and Cons for Buying a Property in Key Biscaine in May 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
747 Crandon Blvd #409
3 BR / 3.0 BA
2,470 SqFt
$2,850,000
$1,154/Sqft
05/01/2026
701 Crandon Blvd #402
3 BR / 3.0 BA
1,830 SqFt
$1,900,000
$1,038/Sqft
05/01/2026
350 Ocean Dr #1202N
4 BR / 5.1 BA
3,369 SqFt
$9,750,000
$2,894/Sqft
04/30/2026
550 Ocean Dr #8B
2 BR / 2.0 BA
1,325 SqFt
$825,000
$623/Sqft
04/30/2026
781 Crandon Blvd #801
3 BR / 3.1 BA
3,093 SqFt
$4,900,000
$1,584/Sqft
04/28/2026
285 Woodcrest Rd
6 BR / 5.1 BA
3,520 SqFt
$6,700,000
$1,903/Sqft
04/22/2026
255 Galen Dr #4A
2 BR / 2.0 BA
1,036 SqFt
$720,000
$695/Sqft
04/22/2026
430 Grand Bay Dr #902
3 BR / 5.1 BA
3,950 SqFt
$5,240,000
$1,327/Sqft
04/20/2026
401 Warren Ln
4 BR / 3.0 BA
2,958 SqFt
$3,000,000
$1,014/Sqft
04/20/2026
635 Curtiswood Dr
6 BR / 6.0 BA
3,888 SqFt
$4,950,000
$1,273/Sqft
04/20/2026
760 Allendale Road
3 BR / 2.0 BA
2,388 SqFt
$2,850,000
$1,193/Sqft
04/13/2026
465 Hampton Ln
4 BR / 3.1 BA
3,666 SqFt
$4,475,000
$1,221/Sqft
04/10/2026
151 Crandon Blvd #136
2 BR / 2.0 BA
1,532 SqFt
$1,400,000
$914/Sqft
04/10/2026
151 Crandon Blvd #1226
4 BR / 4.0 BA
3,127 SqFt
$2,100,000
$672/Sqft
04/10/2026
155 Ocean Lane Dr #1113
2 BR / 2.0 BA
1,260 SqFt
$1,050,000
$833/Sqft
04/10/2026
290 Sunrise Dr #2-L
1 BR / 1.0 BA
610 SqFt
$490,000
$803/Sqft
04/08/2026
315 Palmwood Ln
5 BR / 5.0 BA
3,230 SqFt
$4,400,000
$1,362/Sqft
04/08/2026
765 Crandon Blvd #102
4 BR / 4.1 BA
3,368 SqFt
$3,625,000
$1,076/Sqft
04/08/2026
765 Crandon Blvd #506
3 BR / 3.0 BA
2,477 SqFt
$2,300,000
$929/Sqft
04/07/2026
155 Ocean Lane Dr #407
1 BR / 1.1 BA
895 SqFt
$750,000
$838/Sqft
04/07/2026
251 Crandon Blvd #625
2 BR / 2.0 BA
1,532 SqFt
$1,125,000
$734/Sqft
04/07/2026
1121 Crandon Blvd #F802
3 BR / 3.0 BA
2,402 SqFt
$2,750,000
$1,145/Sqft
04/06/2026
Average Price: $1,145/Sqft
Rented Units (30 days)
Unit
Beds / Baths
Liv Area SqFt
Rented Price
Price/SqFt
Close Date
201 Crandon Blvd #432
1 BR / 2.0 BA
1,089 SqFt
$4,000
$4/Sqft
05/01/2026
1111 Crandon Blvd #C404
1 BR / 1.1 BA
1,114 SqFt
$4,000
$4/Sqft
05/01/2026
255 Sunrise Dr #203
1 BR / 1.0 BA
608 SqFt
$2,250
$4/Sqft
04/29/2026
290 Sunrise Dr #3-H
2 BR / 2.0 BA
964 SqFt
$3,200
$3/Sqft
04/29/2026
255 Galen Dr #2E
2 BR / 2.0 BA
1,036 SqFt
$4,000
$4/Sqft
04/28/2026
613 Ocean Dr #5D
2 BR / 2.0 BA
1,496 SqFt
$7,050
$5/Sqft
04/21/2026
575 Crandon Blvd #503
1 BR / 1.1 BA
1,013 SqFt
$3,250
$3/Sqft
04/21/2026
781 Crandon Blvd #1405
2 BR / 2.1 BA
2,100 SqFt
$12,000
$6/Sqft
04/20/2026
573 Satinwood Dr
6 BR / 6.0 BA
7,198 SqFt
$16,750
$2/Sqft
04/18/2026
199 Ocean Ln Dr #1114
2 BR / 2.0 BA
1,350 SqFt
$5,700
$4/Sqft
04/17/2026
199 Ocean Lane Dr #115
3 BR / 2.0 BA
1,350 SqFt
$7,000
$5/Sqft
04/15/2026
55 Ocean Lane Dr #4020
2 BR / 2.0 BA
1,450 SqFt
$5,000
$3/Sqft
04/15/2026
798 Crandon Blvd #44-B
1 BR / 1.1 BA
776 SqFt
$3,000
$4/Sqft
04/15/2026
350 Ocean Dr #704N
2 BR / 3.1 BA
1,703 SqFt
$18,000
$11/Sqft
04/14/2026
1111 Crandon Blvd #A808
3 BR / 2.0 BA
1,782 SqFt
$11,500
$6/Sqft
04/10/2026
715 Crandon Blvd #305
2 BR / 2.0 BA
1,310 SqFt
$9,000
$7/Sqft
04/10/2026
251 Crandon Blvd #1222
2 BR / 2.0 BA
1,546 SqFt
$6,500
$4/Sqft
04/10/2026
715 Crandon Blvd #206
2 BR / 2.0 BA
1,310 SqFt
$10,000
$8/Sqft
04/09/2026
765 Crandon Blvd #111
2 BR / 2.1 BA
1,591 SqFt
$8,000
$5/Sqft
04/08/2026
230 Sunrise Dr #5
2 BR / 1.1 BA
837 SqFt
$3,100
$4/Sqft
04/06/2026
Average Price: $4/Sqft
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