Key Biscayne Real Estate Market Overview in July 2026
Sale Market Overview
Median Sale Price: The median sale price for all bedrooms houses and condos in Key Biscayne is $5,965,544 in July 2026, averaging $2,393 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 $2,562,600, averaging $1,230 per square foot.
Properties Available for Sale: There are 116 properties for sale in Key Biscayne, of which 29 are houses and 87 are condominium units listed for sale now.
Days in the Market: Key Biscayne properties are selling after an average of 71 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 $15,266 in July 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 $9,108 per month, averaging $5 per square foot.
Properties Available for Rent: There are 139 properties for rent right now in Key Biscayne, of which 29 are houses and 110 are condos.
Days in the Market: Key Biscayne properties are renting after an average of 63 days on the market.
Pros and Cons for Buying a Property in Key Biscaine in July 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
300 Sunrise Dr #1B
1 BR / 1.0 BA
590 SqFt
$430,000
$729/Sqft
07/10/2026
151 Crandon Blvd #602
2 BR / 2.0 BA
1,469 SqFt
$1,060,000
$722/Sqft
07/07/2026
881 Ocean Dr #18F
2 BR / 2.0 BA
1,875 SqFt
$2,450,000
$1,307/Sqft
07/06/2026
5 Harbor Pt
3 BR / 4.2 BA
10,926 SqFt
$23,500,000
$2,151/Sqft
07/06/2026
155 Ocean Lane Dr #201
3 BR / 2.1 BA
1,930 SqFt
$1,521,000
$788/Sqft
07/02/2026
455 Grand Bay Dr #617
0 BR / 1.0 BA
532 SqFt
$1,075,000
$2,021/Sqft
07/01/2026
110 Reef Ln
5 BR / 5.1 BA
5,074 SqFt
$10,500,000
$2,069/Sqft
07/01/2026
199 Ocean Lane Dr #311
2 BR / 2.0 BA
1,260 SqFt
$1,050,000
$833/Sqft
06/30/2026
355 Redwood Ln
3 BR / 2.0 BA
1,403 SqFt
$2,800,000
$1,996/Sqft
06/30/2026
251 Crandon Blvd #133
2 BR / 2.0 BA
1,537 SqFt
$1,120,000
$729/Sqft
06/29/2026
301 Redwood Ln
3 BR / 2.0 BA
1,333 SqFt
$2,600,000
$1,950/Sqft
06/29/2026
1121 Crandon Blvd #E803
2 BR / 2.0 BA
1,409 SqFt
$990,000
$703/Sqft
06/29/2026
350 Ocean Dr #201N
3 BR / 3.2 BA
2,357 SqFt
$5,150,000
$2,185/Sqft
06/29/2026
151 Crandon Blvd #1002
2 BR / 2.0 BA
1,506 SqFt
$1,705,000
$1,132/Sqft
06/26/2026
170 Ocean Lane Dr #403
2 BR / 2.0 BA
1,435 SqFt
$1,020,000
$711/Sqft
06/26/2026
791 Crandon Blvd #1408
4 BR / 5.1 BA
5,207 SqFt
$9,400,000
$1,805/Sqft
06/26/2026
1121 Crandon Blvd #E501
2 BR / 2.0 BA
1,782 SqFt
$1,525,000
$856/Sqft
06/25/2026
151 Crandon Blvd #600
2 BR / 2.0 BA
1,506 SqFt
$1,140,000
$757/Sqft
06/23/2026
177 Ocean Lane Dr #106
2 BR / 2.0 BA
1,260 SqFt
$970,200
$770/Sqft
06/19/2026
141 Crandon Blvd #431
3 BR / 2.0 BA
2,042 SqFt
$1,570,000
$769/Sqft
06/17/2026
155 Ocean Lane Dr #205
2 BR / 2.0 BA
1,260 SqFt
$1,025,000
$813/Sqft
06/16/2026
789 Crandon Blvd #1805
2 BR / 2.1 BA
2,100 SqFt
$3,200,000
$1,524/Sqft
06/16/2026
762 Fernwood Rd
6 BR / 5.0 BA
3,584 SqFt
$5,690,000
$1,588/Sqft
06/15/2026
1121 Crandon Blvd #D1202
2 BR / 2.0 BA
1,782 SqFt
$1,842,500
$1,034/Sqft
06/15/2026
Average Price: $1,034/Sqft
Rented Units (30 days)
Unit
Beds / Baths
Liv Area SqFt
Rented Price
Price/SqFt
Close Date
590 Ocean Dr #8B
3 BR / 2.0 BA
1,440 SqFt
$6,000
$4/Sqft
07/09/2026
181 Island Dr
6 BR / 5.0 BA
3,498 SqFt
$21,000
$6/Sqft
07/09/2026
230 Cranwood Dr
4 BR / 2.0 BA
1,909 SqFt
$9,650
$5/Sqft
07/09/2026
101 Ocean Lane Dr #4011
3 BR / 2.0 BA
1,734 SqFt
$6,200
$4/Sqft
07/08/2026
1121 Crandon Blvd #D1007
2 BR / 2.0 BA
1,782 SqFt
$7,000
$4/Sqft
07/07/2026
747 Crandon Blvd #410
3 BR / 3.0 BA
2,220 SqFt
$12,500
$6/Sqft
07/07/2026
1121 Crandon Blvd #E604
2 BR / 2.0 BA
1,409 SqFt
$5,600
$4/Sqft
07/01/2026
199 Ocean Lane Dr #515
2 BR / 2.0 BA
1,350 SqFt
$6,600
$5/Sqft
07/01/2026
731 Crandon Blvd #407
3 BR / 3.0 BA
2,220 SqFt
$12,500
$6/Sqft
07/01/2026
170 Ocean Lane Dr #709
2 BR / 2.0 BA
1,460 SqFt
$4,800
$3/Sqft
07/01/2026
881 Ocean Dr #TH12
2 BR / 2.0 BA
1,042 SqFt
$5,500
$5/Sqft
07/01/2026
600 Grapetree Dr #4DS
3 BR / 2.0 BA
1,900 SqFt
$8,350
$4/Sqft
07/01/2026
141 Cape Florida Dr
4 BR / 3.1 BA
4,146 SqFt
$27,000
$7/Sqft
07/01/2026
210 Sea View Dr #403
2 BR / 2.0 BA
1,330 SqFt
$4,500
$3/Sqft
07/01/2026
600 Grapetree Dr #4BS
3 BR / 3.0 BA
2,610 SqFt
$15,000
$6/Sqft
07/01/2026
590 Ocean Dr #2C
2 BR / 2.0 BA
1,365 SqFt
$4,500
$3/Sqft
07/01/2026
548 Fernwood Rd #548
4 BR / 3.0 BA
2,448 SqFt
$15,000
$6/Sqft
07/01/2026
166 Harbor Dr #6B
3 BR / 3.0 BA
2,160 SqFt
$17,500
$8/Sqft
07/01/2026
201 Crandon Blvd #507
3 BR / 2.0 BA
1,541 SqFt
$8,500
$6/Sqft
07/01/2026
430 Grand Bay Dr #207
5 BR / 5.0 BA
3,170 SqFt
$16,000
$5/Sqft
07/01/2026
200 Galen Dr #111
1 BR / 1.1 BA
730 SqFt
$2,600
$4/Sqft
06/30/2026
5 Coconut Lane
5 BR / 6.1 BA
3,990 SqFt
$22,000
$6/Sqft
06/30/2026
445 Grand Bay Dr #711
2 BR / 3.1 BA
2,570 SqFt
$10,000
$4/Sqft
06/29/2026
1111 Crandon Blvd #C504
1 BR / 1.1 BA
1,114 SqFt
$3,700
$3/Sqft
06/29/2026
201 Crandon Blvd #1226
3 BR / 3.0 BA
2,176 SqFt
$10,000
$5/Sqft
06/29/2026
77 Crandon Blvd #9E
2 BR / 2.0 BA
1,123 SqFt
$4,200
$4/Sqft
06/29/2026
201 Galen Dr #310W
3 BR / 2.0 BA
1,187 SqFt
$4,500
$4/Sqft
06/29/2026
881 Ocean Dr #10E
2 BR / 2.0 BA
1,875 SqFt
$8,500
$5/Sqft
06/26/2026
151 Crandon Blvd #926
2 BR / 2.0 BA
1,532 SqFt
$6,500
$4/Sqft
06/26/2026
512 Warren Ln
3 BR / 3.0 BA
2,018 SqFt
$12,000
$6/Sqft
06/19/2026
151 Crandon Blvd #1031
2 BR / 2.0 BA
1,547 SqFt
$6,850
$4/Sqft
06/19/2026
607 Ocean Dr #11K
2 BR / 2.0 BA
1,496 SqFt
$6,500
$4/Sqft
06/15/2026
791 Crandon Blvd #901
2 BR / 2.1 BA
2,174 SqFt
$12,000
$6/Sqft
06/15/2026
791 Crandon Blvd #1402
3 BR / 3.0 BA
2,510 SqFt
$17,000
$7/Sqft
06/15/2026
731 Crandon Blvd #308
3 BR / 3.0 BA
2,470 SqFt
$14,500
$6/Sqft
06/12/2026
230 Sunrise Dr #1
1 BR / 1.0 BA
698 SqFt
$2,800
$4/Sqft
06/12/2026
Average Price: $4/Sqft
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