MIAMI LUXHomes

Key Biscayne Real Estate Guide

Key Biscayne is Miami's island village — past the Rickenbacker tollgate, between two state parks, with a K-8 school and streets where kids bike to the beach. Condo supply is capped by ordinance and the last new building arrived in 2014, so the market trades on genuine scarcity.

Key Biscayne Market Snapshot

These numbers come from sales and leases that actually closed in Key Biscayneduring the past year, not from asking prices, and they update as new closings are recorded.

226
Homes sold, last 12 months
$1.6M
Median sale price
$956
Median price per sqft
60 days
Median time on market
393
Leases signed, last 12 months
$7,000/mo
Median rent achieved
$5
Median rent per sqft
60 days
Median time to lease
Homes Sold per Month
14Oct7Nov19Dec19Jan18Feb21Mar23Apr17May26Jun29Jul21Aug12Sep
Median Sale Price per Month
$2.8M$1.3MOctNovDecJanFebMarAprMayJunJulAugSep
What Each Bedroom Count Sells For
BedroomsSalesMedian price
Studio3$950,000
1 bd21$530,000
2 bd87$1,230,000
3 bd74$2,500,000
4 bd20$3,450,000
5+ bd21$5,265,000
Closed Sales by Home Type
TypeSalesMedian price
Condominium183$1,380,000
Single Family Residence39$4,600,000
Stock Cooperative2$2,110,000
Townhouse2$2,225,000
Month-by-Month Sale Prices
MonthHomes soldMedian price
Oct 202514$2,325,000
Nov 20257$2,150,000
Dec 202519$1,300,000
Jan 202619$1,300,000
Feb 202618$1,992,500
Mar 202621$1,250,000
Apr 202623$2,750,000
May 202617$1,550,000
Jun 202626$1,635,000
Jul 202629$1,330,000
Aug 202621$1,550,000
Sep 202612$1,465,000
Typical Rent by Bedroom Count
BedroomsLeasesMedian rent
1 bd36$3,250/mo
2 bd211$6,200/mo
3 bd91$10,000/mo
4 bd28$15,000/mo
5+ bd25$22,000/mo

Living in Key Biscayne

Key Biscayne is a village of about 14,000 on an island whose ends are both state and county parkland — Crandon Park to the north, Bill Baggs Cape Florida to the south — with the community tucked between them like a small town that happens to be surrounded by two of Florida's best beaches. One causeway connects it to the mainland, and that single fact shapes everything: the Key is safe, quiet, bikeable and self-contained, with golf carts on the streets, kids riding to school, and a village government that guards the scale fiercely.

The population is deeply international — Latin American families have made the Key their North American base for two generations — and deeply rooted: people arrive for a posting or a season and stay for decades. Island life means hurricane discipline and causeway dependence, and residents accept both as the price of raising children five minutes from a lighthouse beach that makes national top-ten lists.

Key Biscayne Neighborhoods & Housing Stock

The oceanfront condo row runs down the Atlantic side: the Ocean Club's gated campus at the north, Key Colony's four villages wrapping tennis and beach in the middle, and the Towers of Key Biscayne toward the lighthouse — plus boutique gems like Oceana Key Biscayne, the island's newest luxury build. Bayside, Grand Bay's towers and estates and the Yacht Club streets carry sunset water views back toward the Miami skyline.

The single-family heart of the village sits between the beach and the bay: Cape Florida's gated streets, the canal-front Holiday Colony and Mashta Island's estate addresses, and the mid-island blocks where original 1950s ranches are steadily replaced by new coastal construction. Supply is permanently fixed — the parks guarantee it — so island pricing behaves more like a private club than an open market: scarce listings, patient sellers, and premiums for anything walkable to the Village Green.

Location & Getting Around

The Rickenbacker Causeway is the island's one road out, arcing over the bay with the skyline dead ahead — Brickell is fifteen minutes on a clear morning, the airport thirty-five. On-island, life runs at bicycle and golf-cart speed along Crandon Boulevard; the causeway itself is the region's signature training ride for cyclists and hosts the island's famous triathlons. Virginia Key next door adds MAST Academy, the marine stadium basin and mountain-bike trails before the bridge touches the mainland.

Buying a Home in Key Biscayne

Buying in Key Biscayne starts with understanding what drives its market: a family island village between two state parks, fifteen minutes from Brickell. Benchmark the segment you're shopping with the bedroom and property-type tables above, then open the live map search to see everything currently available — every listing links straight to full photos, details and an inquiry line to a licensed Florida broker.

Financed purchases in South Florida typically close in 30–45 days, while cash can close in as little as two weeks. Condo purchases usually add an association-approval step, and properties near the water carry insurance considerations worth pricing before you offer — both are routine in Key Biscayne transactions when planned early.

Renting in Key Biscayne

Rentals move faster than sales — well-priced Key Biscayne units are often signed within weeks, and most annual leases require first month, last month and a security deposit up front. The rent tables above show what tenants actually committed to by bedroom count over the last year; the live rental search shows every home and condo currently offered.

Featured Listings in Key Biscayne

See every home for sale →

Weekends in Key Biscayne: Sights & Outings

Bill Baggs Cape Florida State Park

The island's southern third — a mile of ranked beach and the 1825 Cape Florida Lighthouse, the oldest structure in Miami-Dade.

Crandon Park

Two miles of shallow, family-perfect beach with the nature center, marina and cabanas on the island's north end.

Crandon Golf Course

The county's bayfront championship course — iguanas in the fairways, skyline on the horizon.

Crandon Park Tennis Center

The stadium campus that hosted the Miami Open for three decades — now the village's public tennis heart.

The Village Green & Community Center

The town square: playgrounds, dog park, farmers market and the island's civic life.

Rickenbacker Causeway

South Florida's most scenic ride — cyclists, sailboarders and the postcard skyline view.

Marjory Stoneman Douglas Biscayne Nature Center

Seagrass wading tours and marine science for every island kid, inside Crandon Park.

Hobie Beach & the windsurfing flats

The causeway's calm-water beaches — windsurf, kite and paddle lessons with the city as backdrop.

Dining in Key Biscayne

The Rusty Pelican

The skyline-view institution on the causeway — fifty years of sunset dinners over the bay.

Boater's Grill

Cuban seafood on the water inside Bill Baggs — arrive by boat or bike through the park.

La Boulangerie Boul'Mich

The French-Argentine bakery-café that functions as the village's breakfast headquarters.

Costa Med

Mediterranean fine dining tucked into the Galleria — the island's white-tablecloth standby.

Milanezza

Argentine-Italian kitchen and bar on Crandon — milanesas and a lively terrace.

Novecento

The parrilla chain's island outpost, a Key family default.

The Golden Hog

The gourmet market whose prepared-food counters stock half the island's dinner tables.

Lighthouse Café

Beachside Cuban-Mediterranean at the foot of the lighthouse in the state park.

Schools in Key Biscayne

Key Biscayne K-8 Center
Public

The island's A-rated public school, steps from the Village Green.

MAST Academy
Public

The elite maritime-science magnet high school on Virginia Key — the island's hometown magnet.

St. Agnes Academy
Private

The Catholic PK-8 on the island, a village institution since 1955.

Key Biscayne Presbyterian School
Private

The island's early-childhood program of record.

Coral Gables & Grove privates
Private

Ransom Everglades, Carrollton and Gulliver are all one causeway commute — a major reason families base here.

School attendance boundaries change — always verify a specific address's assigned schools with Miami-Dade County Public Schools (or the relevant district) and confirm private-school admissions directly before relying on them in a purchase decision.

Condo Neighborhoods in Key Biscayne

Key Biscayne Real Estate FAQ

Is Key Biscayne a good place to buy a home?

Key Biscayne is known for a family island village between two state parks, fifteen minutes from Brickell, and that identity anchors long-term demand. Judge the market by the numbers on this page — actual closed sales, the median sale price, and how long homes took to sell over the trailing twelve months.

What is the median home price in Key Biscayne?

The market snapshot above shows the current 12-month median sale price for Key Biscayne, along with price per square foot and medians broken out by bedroom count and property type — all computed from closed MLS sales, refreshed continuously rather than quoted from stale reports.

Should I buy a condo or a house in Key Biscayne?

The property-type table above shows how Key Biscayne sales split between condos, single-family homes and townhomes, and what each segment's median ran over the last year. Condos add monthly association dues and a board-approval step; houses carry their own insurance and maintenance. Every property type has its own live search page linked below.

How do I see every home for sale in Key Biscayne?

Use the Key Biscayne map search — every active MLS listing in the city, updated continuously, with the city boundary drawn on the map and filters for property type, bedrooms and price.

Discover Your Perfect Home

Shop Key Biscayne by Home Type
Key Biscayne Homes by Bedroom Count
Key Biscayne Homes by Budget
Waterfront, Luxury & New Construction in Key Biscayne
Key Biscayne Rentals
Selling a Home?
Neighborhoods Near Key Biscayne
Cities Near Key Biscayne
ZIP Codes Near Key Biscayne