Key Biscayne Real Estate Market Overview in April 2026
Sale Market Overview
Median Sale Price: The median sale price for all bedrooms houses and condos in Key Biscayne is $4,841,479 in April 2026, averaging $1,848 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 $2,593,495, averaging $1,241 per square foot.
Properties Available for Sale: There are 157 properties for sale in Key Biscayne, of which 52 are houses and 105 are condominium units listed for sale now.
Days in the Market: Key Biscayne properties are selling after an average of 112 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 $15,268 in April 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 $9,520 per month, averaging $6 per square foot.
Properties Available for Rent: There are 152 properties for rent right now in Key Biscayne, of which 35 are houses and 117 are condos.
Days in the Market: Key Biscayne properties are renting after an average of 73 days on the market.
Pros and Cons for Buying a Property in Key Biscaine in April 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
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 #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
791 Crandon Blvd #507
4 BR / 5.1 BA
3,581 SqFt
$6,400,000
$1,787/Sqft
03/31/2026
791 Crandon Blvd #501
3 BR / 2.1 BA
2,174 SqFt
$2,550,000
$1,173/Sqft
03/31/2026
575 Crandon Blvd #306
2 BR / 2.0 BA
1,311 SqFt
$720,000
$549/Sqft
03/31/2026
797 Ridgewood Rd
7 BR / 7.1 BA
5,528 SqFt
$6,500,000
$1,176/Sqft
03/31/2026
151 Crandon Blvd #928
2 BR / 2.0 BA
1,532 SqFt
$1,250,000
$816/Sqft
03/30/2026
151 Crandon Blvd #1136
3 BR / 3.0 BA
2,328 SqFt
$2,575,000
$1,106/Sqft
03/30/2026
251 Galen Dr #204E
2 BR / 2.0 BA
1,109 SqFt
$520,000
$469/Sqft
03/30/2026
285 Enid Dr
6 BR / 5.1 BA
3,436 SqFt
$4,200,000
$1,222/Sqft
03/27/2026
141 Crandon Blvd #338
3 BR / 2.0 BA
1,720 SqFt
$970,000
$564/Sqft
03/24/2026
50 Ocean Lane Dr #108
3 BR / 2.0 BA
1,360 SqFt
$965,000
$710/Sqft
03/20/2026
Average Price: $710/Sqft
Rented Units (30 days)
Unit
Beds / Baths
Liv Area SqFt
Rented Price
Price/SqFt
Close Date
199 Ocean Ln Dr #1114
2 BR / 2.0 BA
1,350 SqFt
$5,700
$4/Sqft
04/17/2026
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
55 Ocean Lane Dr #1035
3 BR / 2.0 BA
1,734 SqFt
$7,000
$4/Sqft
04/01/2026
151 Crandon Blvd #939
3 BR / 3.0 BA
2,330 SqFt
$13,000
$6/Sqft
04/01/2026
201 Crandon Blvd #306
2 BR / 3.0 BA
1,541 SqFt
$7,200
$5/Sqft
04/01/2026
199 Ocean Lane Dr #807
2 BR / 2.0 BA
1,260 SqFt
$5,350
$4/Sqft
04/01/2026
170 Ocean Lane Dr #702
2 BR / 2.0 BA
1,435 SqFt
$5,150
$4/Sqft
04/01/2026
251 Galen Dr #306E
2 BR / 2.0 BA
1,187 SqFt
$3,200
$3/Sqft
04/01/2026
177 Ocean Lane Dr #715
2 BR / 2.0 BA
1,469 SqFt
$6,500
$4/Sqft
04/01/2026
77 Crandon Blvd #10A
2 BR / 2.0 BA
1,231 SqFt
$4,490
$4/Sqft
04/01/2026
2 BR / 2.0 BA
1,532 SqFt
$5,800
$4/Sqft
03/31/2026
881 Ocean Dr #26B
2 BR / 2.0 BA
1,875 SqFt
$9,500
$5/Sqft
03/31/2026
100 Sunrise Dr #9
1 BR / 1.0 BA
530 SqFt
$1,800
$3/Sqft
03/30/2026
251 Galen Dr #312E
2 BR / 2.0 BA
1,109 SqFt
$3,300
$3/Sqft
03/27/2026
420 Palmwood Ln #0
5 BR / 5.1 BA
3,484 SqFt
$21,000
$6/Sqft
03/26/2026
251 Crandon Blvd #704
2 BR / 2.0 BA
1,532 SqFt
$6,150
$4/Sqft
03/26/2026
300 Sunrise Dr #3D
1 BR / 1.0 BA
510 SqFt
$2,350
$5/Sqft
03/25/2026
251 Crandon Blvd #309
2 BR / 2.0 BA
1,611 SqFt
$6,300
$4/Sqft
03/24/2026
1111 Crandon Blvd #A705
2 BR / 2.0 BA
1,409 SqFt
$5,450
$4/Sqft
03/23/2026
1121 Crandon Blvd #D806
2 BR / 2.0 BA
1,409 SqFt
$6,150
$4/Sqft
03/20/2026
Average Price: $4/Sqft
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