House for Sale
$8,500,000
6 bd · 7 ba · 4,190 sqft
238 Buttonwood Dr, Key Biscayne, FL 33149
TROPICAL ISLE HOMES SUB 4
Bedrooms
Bathrooms

House for Sale
$8,500,000
6 bd · 7 ba · 4,190 sqft
TROPICAL ISLE HOMES SUB 4

House for Sale
$8,000,000
6 bd · 6 ba · 1,044 sqft
TROPICAL ISLE HOMES SUB

House for Sale
$7,490,000
5 bd · 7 ba · 3,768 sqft
TROPICAL ISLE HOMES SUB

House for Sale
$6,900,000
6 bd · 7 ba · 3,550 sqft
TROPICAL ISLE HOMES SUB 4
Tell us what you're after — we'll send matching homes, off-market options and recent sales, and set up private showings.

Live MLS inventory in Key Biscayne, updated continuously. Florida Lux Real Estate currently tracks 4 active listings here. MLS inventory updated October 11, 2026.
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.
New construction in Key Biscayne means current building code, impact-rated glass, a fresh roof the insurers reward, and warranties in place of surprises. Known for a family island village between two state parks, fifteen minutes from Brickell, Key Biscayne only adds new supply where land and approvals allow — so the premium on a new build is really a discount on insurance and certainty, spread across years of ownership.
Newer Florida code — and recent construction especially — brings impact protection, stronger roof-to-wall connections and higher elevations, and insurers price directly to that. The gap against an older home with an aging roof can be dramatic. We obtain quotes during diligence so you're comparing true carrying costs.
Yes. The on-site team represents the developer, not you. Your own representation costs you nothing and earns its keep on contract terms, deposit structure, delivery timelines and the final walkthrough. We've negotiated developer contracts throughout this market.
Each listing on this page carries an inquiry form that goes straight to our brokerage — or reach us at +1 786-370-8570. We schedule private tours to fit your calendar and run live video walkthroughs for buyers relocating from out of state, with no obligation attached.