Learn More About Key Biscayne, Florida
Key Biscayne is an island location in Miami-Dade County in the state of Florida. Officially known as the Village of Key Biscayne, this naturally-appealing, small community lies on a total area of 1.4 square miles, according to the United States Census Bureau. It is located east of Miami and south of Miami Beach. It has Crandon Park on its northern edge, the Atlantic Ocean on the eastern, Bill Baggs Cape Florida State Park on the southern, and Biscayne Bay on the western limits. It is home to about 13,000 people.
The creation of Key Biscayne as a thriving residential community didn't happen until the four-mile long Rickenbacker Causeway was opened in 1947, connecting Miami to Virginia Key. Earlier development attempts had been met with failures. The causeway connected the village to Miami, setting off massive residential developments in the area. The Matheson family was said to have, in 1940, donated land to Dade County for Crandon Park in exchange for assurance that the island would be connected by a causeway. It later sold its remaining land to developers, who started construction of homes few years after the village was linked to Miami via the new causeway. The Village of Key Biscayne was incorporated in 1991, becoming Miami-Dade County's first municipality in more than 50 years.
Key Biscayne was home to an estimated 12,990 residents as of 2015 – an increase of more than 5 percent above the official figure five years earlier. That number is likely to have crossed the 13,000 mark by now. The community is home to highly diverse people and many individuals born outside the country. It had the fourth-highest percentage of Venezuelans living in a U.S. city in 2000, when Cubans constituted more than 15 percent of its residents. The island community is also home to a sizeable number of Colombians, Peruvians, Brazilians and Nicaraguans. It is a great place in the United States to learn Spanish from native speakers, if you are interested.
Some of the most popular communities in Key Biscayne include Tropical Isle Homes and Biscayne Key Estates. There is also Grand Bay, which offers awesome amenities and spectacular views of ocean waters. The other big hotel and condominium complexes in the village include the Ritz-Carlton resort hotel, the Ocean Club and the Towers of Key Biscayne.
On the education front, residents of this beautiful island community are served by the Key Biscayne K-8 Center. Middle school students attend either Key Biscayne School or Ponce de Leon Middle School in Coral Gables. High school students attend Coral Gables High School. There are also private schools around the village. Public education is administered by Miami-Dade County Public Schools.
Key Biscayne is simply an amazingly beautiful place to live. It offers access to some of the best, well-maintained beaches in South Florida and lies just a short drive away from Miami. Tucked between two major parks, the village provides residents with superb opportunities to enjoy the outdoors. The area boasts a coastal barrier reef as well as the nation's only federally-recognized underwater archaeological trail.
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Currently Key Biscayne has 592 properties on the market for sale. The inventory was last updated 07/12/2020. Of these properties, 138 single family homes are for sale by their owners in Key Biscayne, and 437 condos are for sale by their owners in Key Biscayne. The average price of the single family homes for sale in Key Biscayne, is $3,821,068, the average condo price in Key Biscayne, is $3,069,894. The average price per square foot of the active inventory is $173. This is based the living area square footage.
Over the last year, there have been 3,683 of properties sold in Key Biscayne. Of these properties, 870 single family homes have sold by their owners in Key Biscayne, and 2,723 condos have sold by their owners in Key Biscayne. The average sales price of the single family homes sold in Key Biscayne, is $1,988,041. Single family homes have been selling for 528 per square foot of living area. The average sales price of the condos for sale in Key Biscayne, is $2,148,537. Condos have been selling for 394 per square foot of living area.
The most active subdivisions with listings for sale in Key Biscayne, are: Tropical Isle Homes South (46 For Sale), Tropical Isle Homes (44 For Sale), Rutgers (34 For Sale), Biscayne Key Estates (30 For Sale), Grand Bay (28 For Sale), Towers Of Key Biscayne Co (24 For Sale), Basker (16 For Sale), Alcazar (13 For Sale), Canoga Properties (13 For Sale), Mashta Island (7 For Sale)
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Disclaimer: Listing broker has attempted to offer accurate data, but buyers/lessees are advised to confirm all information IDX information is provided exclusively for consumers' personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS. The MLS may, at its discretion, require use of other disclaimers as necessary to protect Participants and/or the MLS from liability.
This data up-to-date as of 07/12/2020