$3,100,000
$175K PRICE INCREASE

250 Fernwood Rd Key Biscayne, FL 33149

Village of Key Biscayne Neighborhood

Estimated payment $20,100/month

Total Views 1,414
3 Beds
2 Baths
1,391 Sq Ft
$2,229 Price per Sq Ft

Highlights

  • Hot Property
  • RV or Boat Parking
  • No HOA
  • Key Biscayne K-8 Center Rated A-
  • Sun or Florida Room
  • Porch

About This Home

Prime development opportunity in the heart of Key Biscayne! This 7,500 SF lot offers endless potential for developers—build a luxury single-family home, duplex, or a set of modern townhomes. Located steps from the island’s top dining and just a short stroll to Village Green Park, it blends lifestyle and location in one of Miami’s most desirable zip codes. Key Biscayne remains a top destination for developers seeking strong demand, walkability, and high resale value in a tight-knit, upscale community. Don’t miss this rare chance to build in paradise!

Listing Agent

Enrique Montoya

Engel & Völkers Miami License #3425814

Engel & Völkers Miami

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $33,576

Year Built

  • Built in 1953

Lot Details

  • 7,588 Sq Ft Lot
  • East Facing Home
  • Fenced
  • Property is zoned 5700

Home Design

  • Barrel Roof Shape
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,391 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Sun or Florida Room
  • Tile Flooring

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Shower Only

Laundry

  • Dryer
  • Washer

Parking

  • Driveway
  • Open Parking
  • RV or Boat Parking

Outdoor Features

  • Exterior Lighting
  • Porch

Schools

  • Keybiscayne Elementary School

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Tropical Isle Homes Sub 4 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 24-42-32-006-0820

Home Details

Home Type

Single Family

Est. Annual Taxes

$33,576

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1953
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, One Story
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Structure Type: R30-No Pool/No Water, House
  • Subdivision Name: TROPICAL ISLE HOMES SUB 4
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Range, Refrigerator, Washer
  • Interior Amenities: First Floor Entry, Family Room, Florida Room
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Tile
  • Living Area: 1391
  • Bedroom Features: At Least 1 Bedroom Ground Level, Entry Level, Primary Bath Shower
  • Living Room Features: Family Room, Florida Room

Exterior Features

  • Roof: Barrel Roof
  • View: None
  • Exterior Features: Lighting
  • Construction Type: CBS Construction
  • Direction Faces: East
  • Fencing: Fenced
  • Lot Features: Less Than 1/4 Acre Lot
  • Patio And Porch Features: Open Porch
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: TROPICAL ISLE HOMES SUB 4
  • Open Parking: Yes
  • Parking Features: Driveway, Rv/Boat Parking

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Schools

  • Elementary School: Keybiscayne

Lot Info

  • Parcel Number: 24-42-32-006-0820
  • Lot Size Sq Ft: 7588
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 33576

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $36,785 $2,053,810 $1,870,240 $183,570
2023 $36,785 $2,223,241 $2,038,176 $185,065
2022 $5,833 $363,002 $0 $0
2021 $5,790 $352,430 $0 $0
2020 $4,672 $347,565 $0 $0
2019 $4,555 $339,751 $0 $0
2018 $4,294 $333,417 $0 $0
2017 $4,233 $326,560 $0 $0
2016 $4,219 $319,844 $0 $0
2015 $4,285 $317,621 $0 $0
2014 $4,355 $315,101 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2025 04/20/25 For Sale $2,925,000 0.0% $2,103 / Sq Ft
03/04/2025 03/04/25 For Rent $7,500 0.0% --
12/05/2024 12/05/24 Off Market $7,500 -- --
10/10/2024 10/10/24 For Rent $7,500 +127.3% --
11/24/2020 11/24/20 Rented $3,300 -5.7% --
11/01/2020 11/01/20 For Rent $3,500 -- --
Source: MIAMI REALTORS® MLS

Deed History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- --
Warranty Deed $100 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $300,000 New Conventional
Source: Public Records

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Source: MIAMI REALTORS® MLS

MLS Number: A11787206

MIAMI REALTORS® MLS

APN: 24-4232-006-0820

Florida Miami/Dade County Key Biscayne 33149 Village of Key Biscayne

250 Fernwood Rd, Key Biscayne, FL

Homes for Sale in Key Biscayne, FL

This home is located at 250 Fernwood Rd, Key Biscayne, FL 33149 and is currently priced at $3,100,000, approximately $2,228 per square foot. This property was built in 1953. 250 Fernwood Rd is a home located in Miami-Dade County with nearby schools including Key Biscayne K-8 Center, Ponce de Leon Middle School, and Coral Gables Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Enrique Montoya
Listing Agent
Enrique Montoya
Section Image
Engel & Völkers Miami
(786) 952-6894