Key Biscayne Real Estate Market Overview in July 2025
Sale Market Overview
Median Sale Price: The median sale price for all bedrooms houses and condos in Key Biscayne is $4,362,005 in July 2025, averaging $1,862 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 $2,488,593, averaging $1,256 per square foot.
Properties Available for Sale: There are 162 properties for sale in Key Biscayne, of which 50 are houses and 112 are condominium units listed for sale now.
Days in the Market: Key Biscayne properties are selling after an average of 96 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 $14,029 in July 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 $8,880 per month, averaging $5 per square foot.
Properties Available for Rent: There are 200 properties for rent right now in Key Biscayne, of which 41 are houses and 159 are condos.
Days in the Market: Key Biscayne properties are renting after an average of 90 days on the market.
Pros and Cons for Buying a Property in Key Biscaine in July 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
609 Ocean Dr #2H
2 BR / 2.0 BA
1,496 SqFt
$1,325,000
$886/Sqft
06/27/2025
669 Mashta Dr
3 BR / 3.1 BA
3,382 SqFt
$3,465,000
$1,025/Sqft
06/27/2025
1121 Crandon Blvd #F602
3 BR / 3.0 BA
2,402 SqFt
$1,950,000
$812/Sqft
06/27/2025
181 Crandon Blvd #207
3 BR / 2.1 BA
1,720 SqFt
$1,000,000
$581/Sqft
06/26/2025
796 Glenridge Rd
4 BR / 3.1 BA
2,534 SqFt
$3,575,000
$1,411/Sqft
06/24/2025
1121 Crandon Blvd #F906
2 BR / 2.0 BA
1,782 SqFt
$1,350,000
$758/Sqft
06/24/2025
121 Crandon Blvd #256
3 BR / 2.0 BA
1,955 SqFt
$1,210,000
$619/Sqft
06/23/2025
330 Harbor Dr
6 BR / 7.1 BA
7,178 SqFt
$31,750,000
$4,423/Sqft
06/23/2025
550 Ocean Dr #3C
2 BR / 2.0 BA
1,325 SqFt
$752,000
$568/Sqft
06/20/2025
195 Sunrise Dr #4
1 BR / 1.0 BA
891 SqFt
$625,000
$701/Sqft
06/19/2025
240 Galen Dr #108
2 BR / 2.0 BA
1,100 SqFt
$675,000
$614/Sqft
06/18/2025
1121 Crandon Blvd #D907
2 BR / 2.0 BA
1,782 SqFt
$1,950,000
$1,094/Sqft
06/12/2025
760 Allendale Rd
4 BR / 3.0 BA
2,388 SqFt
$2,700,000
$1,131/Sqft
06/09/2025
Average Price: $1,131/Sqft
Rented Units (30 days)
Unit
Beds / Baths
Liv Area SqFt
Rented Price
Price/SqFt
Close Date
199 Ocean Lane Dr #310
4 BR / 4.0 BA
2,520 SqFt
$12,000
$5/Sqft
07/03/2025
715 Crandon Blvd #406
2 BR / 2.0 BA
1,310 SqFt
$7,300
$6/Sqft
07/01/2025
1121 Crandon Blvd #E1204
2 BR / 2.0 BA
1,409 SqFt
$5,300
$4/Sqft
07/01/2025
1121 Crandon Blvd #D306
2 BR / 2.0 BA
1,409 SqFt
$5,800
$4/Sqft
07/01/2025
170 Ocean Lane Dr #504
2 BR / 2.0 BA
1,435 SqFt
$4,500
$3/Sqft
07/01/2025
442 Fernwood Rd #442
3 BR / 3.0 BA
2,088 SqFt
$12,000
$6/Sqft
07/01/2025
715 Crandon Blvd #506
2 BR / 2.0 BA
1,310 SqFt
$8,000
$6/Sqft
07/01/2025
265 Glenridge Rd
4 BR / 2.0 BA
1,721 SqFt
$12,800
$7/Sqft
06/30/2025
251 Crandon Blvd #430
3 BR / 3.0 BA
2,014 SqFt
$10,000
$5/Sqft
06/30/2025
701 Crandon Blvd #PH-1
2 BR / 2.0 BA
1,700 SqFt
$7,500
$4/Sqft
06/30/2025
121 Crandon Blvd #353
2 BR / 2.0 BA
1,720 SqFt
$6,700
$4/Sqft
06/27/2025
1111 Crandon Blvd #A1107
2 BR / 2.0 BA
1,782 SqFt
$6,500
$4/Sqft
06/24/2025
881 Ocean Dr #25E
2 BR / 2.0 BA
1,875 SqFt
$8,650
$5/Sqft
06/23/2025
155 Ocean Lane Dr #811
2 BR / 2.0 BA
1,260 SqFt
$5,100
$4/Sqft
06/20/2025
155 Ocean Lane Dr #107
1 BR / 1.1 BA
895 SqFt
$3,300
$4/Sqft
06/20/2025
765 Crandon Blvd #211
3 BR / 3.0 BA
2,602 SqFt
$14,500
$6/Sqft
06/19/2025
201 Crandon Blvd #802
1 BR / 2.0 BA
1,404 SqFt
$6,000
$4/Sqft
06/19/2025
798 Crandon Blvd #45-B
1 BR / 1.1 BA
776 SqFt
$3,250
$4/Sqft
06/16/2025
201 Crandon Blvd #1222
2 BR / 3.0 BA
2,164 SqFt
$9,000
$4/Sqft
06/16/2025
290 Sunrise Dr #208
2 BR / 2.0 BA
1,170 SqFt
$3,800
$3/Sqft
06/16/2025
250 Galen Dr #42
2 BR / 2.0 BA
1,120 SqFt
$4,000
$4/Sqft
06/16/2025
731 Crandon Blvd #407
3 BR / 3.0 BA
2,220 SqFt
$11,500
$5/Sqft
06/15/2025
55 Ocean Lane Dr #3034
1 BR / 1.1 BA
972 SqFt
$3,800
$4/Sqft
06/13/2025
141 Crandon Blvd #238
2 BR / 2.0 BA
1,720 SqFt
$6,750
$4/Sqft
06/13/2025
10 Coconut Lane
5 BR / 6.0 BA
3,990 SqFt
$19,000
$5/Sqft
06/13/2025
548 Fernwood Rd #548
4 BR / 3.0 BA
2,448 SqFt
$15,500
$6/Sqft
06/11/2025
101 Ocean Lane Dr #4013
2 BR / 2.0 BA
1,450 SqFt
$5,200
$4/Sqft
06/10/2025
320 Heather Dr
5 BR / 6.0 BA
3,733 SqFt
$23,000
$6/Sqft
06/10/2025
170 Ocean Lane Dr #709
2 BR / 2.0 BA
1,460 SqFt
$4,900
$3/Sqft
06/08/2025
Average Price: $3/Sqft
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