Why Live in Key Biscayne
Key Biscayne is a barrier island connected to Miami via the Rickenbacker Causeway, offering residents stunning ocean views and abundant natural beauty. With a rich history dating back to the 1500s, the island has evolved into a community of over 14,000 people, featuring a mix of Spanish Revival, ranch-style, and modern homes, along with condos and HOA-controlled properties. The area is known for its higher cost of living, with median home prices around $1.6 million. Key Biscayne boasts several attractions, including Bill Baggs Cape Florida State Park, Crandon Park, and Crandon Golf at Key Biscayne, offering activities like fishing, kayaking, sailing, birdwatching, and golfing. Village Green Park provides soccer fields and walking paths, while numerous beaches surround the island, some with public access. Dining options are concentrated along Crandon Boulevard, featuring diverse cuisines from Italian and Argentinian fusion at Milanezza Kitchen and Bar to Mediterranean dishes at Costa Med Bistro + Wine. Shopping includes boutique stores and a Winn-Dixie, with larger stores accessible across the causeway. Miami-Dade County Public Schools serve the area, with highly rated elementary and middle schools on the island and high schools in nearby Virginia Key and Miami. Despite hurricane risks, homes are built with strong materials to withstand severe weather, though some areas are prone to flooding. Crime rates in Miami-Dade County have decreased, making Key Biscayne safer than the national average. Metro Bus service and proximity to Interstate 95 provide convenient access to downtown Miami and Miami International Airport, located 7 miles away.
Home Trends in Key Biscayne, FL
On average, homes in Key Biscayne, FL sell after 116 days on the market compared to the national average of 50 days. The median sale price for homes in Key Biscayne, FL over the last 12 months is $1,538,500, down 15% from the median home sale price over the previous 12 months.
Median Sale Price
$1,538,500
Median Single Family Sale Price
$4,724,500
Median Townhouse Sale Price
$2,725,000
Median 2 Bedroom Sale Price
$1,185,000
Median 1 Bedroom Sale Price
$625,000
Average Price Per Sq Ft
$1,298
Number of Homes for Sale
102
Last 12 months Home Sales
138
Median List Price
$1,870,000
Median Change From 1st List Price
7%
Median Home Sale Price YoY Change
-15%