Key Biscayne Real Estate Market Overview in June 2026
Sale Market Overview
Median Sale Price: The median sale price for all bedrooms houses and condos in Key Biscayne is $6,855,805 in June 2026, averaging $2,457 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 $2,575,584, averaging $1,231 per square foot.
Properties Available for Sale: There are 141 properties for sale in Key Biscayne, of which 49 are houses and 92 are condominium units listed for sale now.
Days in the Market: Key Biscayne properties are selling after an average of 76 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 $15,884 in June 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 $9,505 per month, averaging $6 per square foot.
Properties Available for Rent: There are 139 properties for rent right now in Key Biscayne, of which 32 are houses and 107 are condos.
Days in the Market: Key Biscayne properties are renting after an average of 67 days on the market.
Pros and Cons for Buying a Property in Key Biscaine in June 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
101 Crandon Blvd #367
3 BR / 2.0 BA
1,720 SqFt
$1,380,000
$802/Sqft
06/11/2026
727 Crandon Blvd #502
3 BR / 3.0 BA
2,497 SqFt
$2,600,000
$1,041/Sqft
06/05/2026
151 Crandon Blvd #1222
4 BR / 3.1 BA
3,127 SqFt
$3,400,000
$1,087/Sqft
06/05/2026
177 Ocean Lane Dr #302
1 BR / 1.1 BA
840 SqFt
$780,000
$929/Sqft
06/05/2026
177 Ocean Lane Dr #812
2 BR / 2.0 BA
1,260 SqFt
$1,415,000
$1,123/Sqft
06/02/2026
1111 Crandon Blvd #C205
3 BR / 3.0 BA
2,208 SqFt
$1,535,000
$695/Sqft
06/01/2026
141 Crandon Blvd #446
3 BR / 2.0 BA
1,943 SqFt
$1,400,000
$721/Sqft
05/29/2026
177 Ocean Lane Dr #703
1 BR / 1.1 BA
840 SqFt
$854,000
$1,017/Sqft
05/28/2026
77 Crandon Blvd #5B
1 BR / 1.1 BA
744 SqFt
$480,000
$645/Sqft
05/26/2026
701 Crandon Blvd #302
3 BR / 3.0 BA
1,830 SqFt
$1,850,000
$1,011/Sqft
05/25/2026
1111 Crandon Blvd #B807
3 BR / 2.0 BA
1,782 SqFt
$2,500,000
$1,403/Sqft
05/22/2026
1111 Crandon Blvd #C406
2 BR / 2.0 BA
1,782 SqFt
$1,480,000
$831/Sqft
05/21/2026
200 Sunrise Dr #200D
3 BR / 3.0 BA
1,550 SqFt
$1,400,000
$903/Sqft
05/18/2026
1111 Crandon Blvd #A404
2 BR / 2.0 BA
1,409 SqFt
$1,500,000
$1,065/Sqft
05/15/2026
781 Crandon Blvd #1603
3 BR / 3.1 BA
2,500 SqFt
$4,200,000
$1,680/Sqft
05/15/2026
Average Price: $1,680/Sqft
Rented Units (30 days)
Unit
Beds / Baths
Liv Area SqFt
Rented Price
Price/SqFt
Close Date
199 Ocean Lane Dr #1209
2 BR / 2.0 BA
1,260 SqFt
$5,900
$5/Sqft
06/08/2026
555 Crandon Blvd #53
2 BR / 2.0 BA
1,040 SqFt
$3,700
$4/Sqft
06/03/2026
285 Mashta Dr
6 BR / 6.1 BA
3,670 SqFt
$27,000
$7/Sqft
06/02/2026
435 Hampton Ln
6 BR / 6.0 BA
3,627 SqFt
$21,500
$6/Sqft
06/02/2026
201 Crandon Blvd #927
2 BR / 2.0 BA
1,531 SqFt
$6,500
$4/Sqft
06/02/2026
199 Ocean Lane Dr #811
2 BR / 2.0 BA
1,260 SqFt
$5,500
$4/Sqft
06/01/2026
255 Galen Dr #2D
2 BR / 2.0 BA
1,036 SqFt
$4,000
$4/Sqft
06/01/2026
401 Warren Ln
4 BR / 3.0 BA
2,958 SqFt
$9,000
$3/Sqft
06/01/2026
55 Ocean Lane Dr #1028
2 BR / 2.0 BA
1,450 SqFt
$5,500
$4/Sqft
06/01/2026
611 Ocean Dr #3E
2 BR / 2.0 BA
1,496 SqFt
$7,650
$5/Sqft
06/01/2026
161 Crandon Blvd #324
3 BR / 2.0 BA
1,720 SqFt
$7,250
$4/Sqft
06/01/2026
375 Harbor Ct #.
5 BR / 3.1 BA
2,346 SqFt
$18,500
$8/Sqft
06/01/2026
290 Sunrise Dr #3-F
2 BR / 1.0 BA
886 SqFt
$3,700
$4/Sqft
06/01/2026
881 Ocean Dr #22E
3 BR / 2.0 BA
1,875 SqFt
$8,000
$4/Sqft
06/01/2026
749 Crandon Bl #411
3 BR / 3.0 BA
2,470 SqFt
$14,900
$6/Sqft
05/27/2026
251 Crandon Blvd #233
2 BR / 2.0 BA
1,532 SqFt
$6,000
$4/Sqft
05/25/2026
881 Ocean Dr #TH11
2 BR / 2.0 BA
1,042 SqFt
$4,900
$5/Sqft
05/22/2026
251 Crandon Blvd #136
2 BR / 2.0 BA
1,532 SqFt
$5,500
$4/Sqft
05/20/2026
201 Crandon Blvd #923
2 BR / 2.0 BA
1,653 SqFt
$9,000
$5/Sqft
05/19/2026
445 Grand Bay Dr #412
2 BR / 2.0 BA
1,760 SqFt
$11,000
$6/Sqft
05/18/2026
255 Galen Dr #2I
2 BR / 2.0 BA
1,036 SqFt
$5,000
$5/Sqft
05/16/2026
6 BR / 5.1 BA
3,963 SqFt
$25,000
$6/Sqft
05/15/2026
733 Crandon Blvd #PH-5
2 BR / 2.1 BA
2,060 SqFt
$11,800
$6/Sqft
05/15/2026
719 Crandon Blvd #PH-9
3 BR / 3.0 BA
1,830 SqFt
$10,000
$5/Sqft
05/15/2026
1111 Crandon Blvd #A1205
2 BR / 2.0 BA
1,409 SqFt
$5,300
$4/Sqft
05/15/2026
650 Ocean Dr #5A
3 BR / 3.0 BA
1,935 SqFt
$8,500
$4/Sqft
05/15/2026
210 Seaview Dr #607
1 BR / 1.1 BA
875 SqFt
$2,800
$3/Sqft
05/15/2026
300 Galen Dr #205
2 BR / 2.0 BA
1,068 SqFt
$3,900
$4/Sqft
05/15/2026
785 Crandon Blvd #106
2 BR / 2.0 BA
1,330 SqFt
$9,293
$7/Sqft
05/14/2026
Average Price: $7/Sqft
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