FLORIDA LUXReal Estate

Key Biscayne, FL Real Estate Guide

Beyond the Rickenbacker tollgate, tucked between two state parks, Key Biscayne functions as Miami's island village — a K-8 school and streets where children pedal to the beach. Ordinance limits the condo count and no new building has opened since 2014, which means the scarcity driving prices here is entirely real.

Key Biscayne Market Snapshot

Every figure below is computed from closed MLS transactions in Key Biscayne over the trailing twelve months — what buyers and tenants actually paid, not asking prices — and refreshes continuously.

227
Homes sold, last 12 months
$1.6M
Median sale price
$954
Median price per sqft
60 days
Median time on market
399
Leases signed, last 12 months
$6,900/mo
Median rent achieved
$4
Median rent per sqft
62 days
Median time to lease
Homes Sold per Month
15Sep14Oct7Nov19Dec19Jan17Feb21Mar23Apr17May26Jun29Jul18Aug
Median Sale Price per Month
$2.8M$1.3MSepOctNovDecJanFebMarAprMayJunJulAug
Median Sale Price by Bedrooms
BedroomsSalesMedian price
Studio3$950,000
1 bd23$530,000
2 bd84$1,217,500
3 bd75$2,500,000
4 bd21$3,230,000
5+ bd21$5,265,000
Sales by Property Type
TypeSalesMedian price
Condominium182$1,360,000
Single Family Residence41$4,475,000
Stock Cooperative3$1,870,000
Townhouse1$2,850,000
12-Month Sales Trend
MonthHomes soldMedian price
Sep 202515$1,420,000
Oct 202514$2,325,000
Nov 20257$2,150,000
Dec 202519$1,300,000
Jan 202619$1,300,000
Feb 202617$1,910,000
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 202618$1,525,000
Median Rent by Bedrooms
BedroomsLeasesMedian rent
1 bd39$3,250/mo
2 bd222$6,100/mo
3 bd86$11,000/mo
4 bd25$15,000/mo
5+ bd25$22,000/mo

Living in Key Biscayne

Key Biscayne is a village of about 14,000 on an island bookended by parkland at both ends — Crandon Park to the north, Bill Baggs Cape Florida to the south — with the community nestled between them like a small town that happens to be flanked by two of Florida's finest beaches. A single causeway connects it to the mainland, and that one fact colors everything: the Key is safe, quiet, bikeable and self-contained, with golf carts on the streets, kids pedaling to school, and a village government that guards the scale without apology.

The population is deeply international — Latin American families have used the Key as their North American base for two generations — and deeply settled: people come for a posting or a season and stay for decades. Island living means hurricane discipline and reliance on the causeway, and residents accept both as the cost of raising children five minutes from a lighthouse beach that keeps landing on national top-ten lists.

Key Biscayne Neighborhoods & Housing Stock

The oceanfront condo row lines the Atlantic side: the Ocean Club's gated campus to the north, Key Colony's four villages folding tennis and beach into the middle, and the Towers of Key Biscayne toward the lighthouse — joined by boutique standouts like Oceana Key Biscayne, the island's newest luxury build. On the bay side, Grand Bay's towers and estates and the Yacht Club streets hold sunset water views back toward the Miami skyline.

The village's single-family heart lies 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 give way, one at a time, to new coastal construction. Supply is permanently fixed — the parks see to that — so island pricing behaves more like a private club than an open market: scarce listings, patient sellers, and premiums on anything walkable to the Village Green.

Location & Getting Around

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

Buying a Home in Key Biscayne

A smart Key Biscayne purchase begins with knowing what moves its market: a family island village between two state parks, fifteen minutes from Brickell. Use the bedroom and property-type tables above to benchmark the segment you're shopping, then open the live map search to see what's on the market right now — every listing links through to full photos, details and a direct line to a licensed Florida broker.

In Florida, a financed purchase generally closes in 30 to 45 days, while an all-cash deal can wrap in as little as two weeks. A condo adds a board-approval step, and anything near the water carries insurance questions worth pricing before you write an offer — both are routine parts of a Key Biscayne transaction when you plan for them early.

Renting in Key Biscayne

Rentals turn over faster than sales — a well-priced Key Biscayne unit is often under lease within weeks, and most annual leases ask for 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 past year, and the live rental search lists every home and condo on offer today.

Featured Listings in Key Biscayne

See every home for sale →

Things to Do & Places to See in Key Biscayne

Bill Baggs Cape Florida State Park

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

Crandon Park

Two miles of shallow, family-ideal 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, the skyline on the horizon.

Crandon Park Tennis Center

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

The Village Green & Community Center

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

Rickenbacker Causeway

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

Marjory Stoneman Douglas Biscayne Nature Center

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

Hobie Beach & the windsurfing flats

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

Dining in Key Biscayne

The Rusty Pelican

The skyline-view institution on the causeway — half a century of sunset dinners over the bay.

Boater's Grill

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

La Boulangerie Boul'Mich

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

Costa Med

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

Milanezza

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

Novecento

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

The Golden Hog

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

Lighthouse Café

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

Schools in Key Biscayne

Key Biscayne K-8 Center
Public

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

MAST Academy
Public

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

St. Agnes Academy
Private

The island's Catholic PK-8, a village institution since 1955.

Key Biscayne Presbyterian School
Private

The island's go-to early-childhood program.

Coral Gables & Grove privates
Private

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

Attendance boundaries shift over time — always confirm the assigned schools for a specific address with the county school district, and verify private-school admissions directly, before you rely on either 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 character is what sustains demand over time. Let the figures on this page do the arguing — real closed sales, the median sale price, and how long homes sat before selling over the trailing twelve months.

What is the median home price in Key Biscayne?

The snapshot above reports the current 12-month median sale price for Key Biscayne, together with price per square foot and medians split out by bedroom count and property type. Every figure is calculated from closed MLS sales and refreshed continuously — not lifted from a report that's already months old.

Condo or house in Key Biscayne — which should I buy?

The property-type table above breaks Key Biscayne sales into condos, single-family homes and townhomes, and shows where each segment's median landed over the past year. A condo brings monthly association dues and a board-approval step; a house carries its own insurance and upkeep. Each property type has its own live search page linked below.

Where can I see every home for sale in Key Biscayne?

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

Discover Your Perfect Home

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