Known for its pristine beaches, upscale properties, and a relaxed yet luxurious lifestyle, the island is a favorite among families and professionals seeking a peaceful retreat near the city. 

Real Estate Market Overview - October 2024

Click here to see what is on the market in KB.  

Limited inventory and strong demand keep the market competitive, attracting buyers who seek exclusivity and waterfront living. 

• Rising Prices: The average price for single-family homes has increased by 10% compared to last year, averaging between $2.5 million and $3.5 million. Waterfront estates often exceed $10 million.
• Condos: The median price of condos on the island has risen by 8% year over year. Prices start around $750,000 for smaller units and can go up to $5 million for luxury condos with ocean views.
• Low Inventory: Limited housing inventory drives up prices, with fewer monthly listings available. Homes and condos in desirable locations, especially with waterfront views, are selling quickly, often above the asking price.
• Investment Potential: Key Biscayne remains a strong market for investors, with high rental demand, particularly for seasonal rentals. Luxury vacation homes are popular, offering owners a solid return on investment.
• Buyer Demographics: A large proportion of buyers are international, mainly from South America and Europe, seeking safe, high-end investment properties in South Florida.

Living in Key Biscayne

Key Biscayne is renowned for its unique blend of island living and upscale amenities, making it a highly sought-after location for families and professionals alike. The community enjoys a tranquil atmosphere characterized by picturesque beaches, lush parks, and scenic waterfront views.

Housing options range from luxurious oceanfront condos to spacious single-family homes, many featuring stunning vistas of the Atlantic Ocean or Biscayne Bay. This exclusive enclave attracts residents looking for a serene lifestyle without compromising access to urban conveniences. Nearby Miami offers shopping, dining, and cultural attractions.

The island is known for its commitment to outdoor living, with an abundance of recreational activities available, including water sports, biking, and jogging along scenic trails. Residents partake in boating and sailing, with marinas providing easy access to the water.

Key Biscayne’s strong sense of community is evident in its family-friendly atmosphere, supported by reputable schools, parks, and community events that encourage neighborhood connections.

Exclusive Clubs

• Key Biscayne Yacht Club: A private club that provides members access to a full-service marina, dining options, and various social events. The club promotes a vibrant boating community with activities for families and individuals alike.
• Grand Bay Beach Club: A private beach club offering luxurious amenities, including a pool, beach access, and fine dining. Members enjoy a serene atmosphere with exceptional service, making it an ideal place for relaxation and socializing.
• Key Biscayne Beach Club: A private beach club providing members with direct beach access, sun loungers, and various water sports. It's a great place for families to enjoy the sun, sand, and sea in a private setting.

Restaurants

Key Biscayne offers diverse dining options, ranging from casual spots to upscale restaurants:

• Rusty Pelican: Famous for seafood and Miami skyline views.
• Vinya Wine Bar: Wine-focused, cozy spot for seasonal dishes.
• Narbona Key Biscayne: Farm-to-table dining with organic products.
• Costa Med Bistro+Wine: Mediterranean bistro known for fresh seafood.
• Novecento Key Biscayne: Argentine-inspired steaks, pasta, and tapas.
• La Boulangerie Boul'Mich: French-Venezuelan bakery known for pastries and coffee.

Schools

Key Biscayne is home to top-rated public and private schools, making it a family-friendly neighborhood:

• Key Biscayne K-8 Center: Highly rated public school, elementary through 8th grade.
• St. Agnes Academy: Renowned private school for pre-K through 8th grade.
• St. Christopher 's-By-the-Sea: Private Episcopal preschool focusing on early childhood education.
• Key Biscayne Presbyterian School: Offers a nurturing environment for preschool through elementary students.
• The Keebis Preschool: Popular local preschool offering programs for young children.
• MAST Academy: Highly regarded public school known for its strong emphasis on marine and environmental science education. Grades 6-12
• Nearby private high schools include Ransom Everglades, Carrollton, Immaculata-La Salle, and Gulliver Preparatory.

Key Biscayne Community Center 

The Key Biscayne Community Center is a hub for residents, offering various activities and facilities for all ages. The center provides after-school activities/programs, workout classes, a fitness center, a computer lab, a game room, a swimming pool, dance/aerobics studios, a basketball gymnasium, an arts & crafts room, an indoor playground, and more!

For more information, visit the Key Biscayne Community Center or call 305-365-8900.

Transportation

Key Biscayne is easily accessible via the Rickenbacker Causeway, which offers quick commutes to downtown Miami and Brickell. The island is walkable and bike-friendly, and many residents opt for bikes or golf carts for local travel. Additionally, Freebee, a free ride service, provides convenient transportation around the island. Public bus routes also connect Key Biscayne to Miami, and the proximity to Miami International Airport makes travel convenient for frequent flyers.

Parks, Recreational Activities, and Attractions

Marinas:

• Crandon Park Marina: A full-service marina providing access to Biscayne Bay and various amenities for boaters.
• Rickenbacker Marina: Offers boat slips and a convenient location for exploring the waters around Key Biscayne.
• Key Biscayne Yacht Club Marina: A private marina with facilities for members and their guests.
• Marine Stadium Marina: A marina known for its scenic views and recreational activities, providing easy access to the water.

Golf Course: 

• Crandon Gulf: A championship golf course in Crandon Park featuring stunning views and challenging play for golf enthusiasts.

Tennis and Padel:

• Crandon Park Tennis Center: Once home to the Miami Open, it remains a premier tennis destination with numerous courts for all skill levels.
• Calusa Park: Offers tennis courts and recreational facilities for residents and visitors.
• Cliff Drysdale Tennis: A popular tennis academy providing lessons and clinics for all ages. 

Parks: 

• Bill Baggs Cape Florida State Park: Home to the iconic Cape Florida Lighthouse, this park features miles of scenic biking and walking trails, picnic areas, and beautiful beaches.
• Village Green: Features multi-use open fields, a half-mile jogging path, a tot lot with a splash fountain, playground, and a bandstand. Shaded benches line a bricked promenade with a central fountain, providing a scenic place to relax.
• Village Green Dog Park: The off-leash dog park is divided for large and small dogs, and there are facilities on site. located at 390 Crandon Blvd. 
• Crandon Park: Offers stunning beaches, a golf course, tennis courts, and a nature center, making it a perfect spot for family outings and recreational activities.

Water Activities:

Boating, kayaking, paddleboarding, and fishing are popular activities thanks to easy access to Biscayne Bay and the Atlantic Ocean. The island's marinas and beaches provide excellent water sports and leisure opportunities.

• PADL has several paddleboard rental stations in Key Biscayne, making it easy to explore the beautiful waters.
• Fillabag is an organization that places buckets at the beach, encouraging visitors to spend a day at the beach while helping the environment by picking up trash.

Library: 

The Key Biscayne Branch Library offers a diverse collection of books, e-books, multimedia resources, high-speed internet access, and comfortable study areas. Visitors can enjoy a variety of programs, from children’s story hours to adult workshops, making it a fantastic resource for learning and connection. The library also offers cozy reading spots, helpful staff, and serene surroundings, making it a favorite place for quiet study or community engagement.

Medical:

• Baptist Health Urgent Care Express| Key Biscayne: High-quality walk-in care center that treats minor illnesses and injuries. 
• Elite Medical Alliance: Concierge medicine offering personalized care. 
• Khouri Dermatology: Offering treatment in Botox, Juverdem, acne, skin cancer & more. Serving Key Biscayne for over 25 years. 
• HCA Florida Mercy Hospital: Hospital, Emergency Room located in Coconut Grove, a 10-15 minute drive from KB. 
• Mount Sinai Key Biscayne: Provides cardiology, adult primary care, internal and preventive medicine, physical exams, GYN services, and diagnostic testing. 

Work with The Costa Group

Interested in making Key Biscayne your home? The Costa Group specializes in luxury real estate on the island; Taty and Sophie are long-time Key Biscayne residents who know the island market very well and have first access to off-market listings. Whether you're seeking a waterfront estate or an upscale condo, we’re here to guide you every step of the way. With our local expertise and commitment to exceptional service, we’ll help you find your dream home. Contact us today and take the first step toward living in one of Miami’s most exclusive neighborhoods. 

Exciting Developments Ahead

As Key Biscayne evolves, we have insider information about an exciting new development set to be built. This is a fantastic opportunity for those looking to invest in the vibrant lifestyle that Key Biscayne offers.

Currently, 63% of properties in KB are condominiums, with many built in the last few decades, reflecting the area’s focus on luxury and beachfront living. With the upcoming development, you can be among the first to access exclusive information about this project.

Contact the Costa Group today to stay informed and seize the opportunity to be a part of Key Biscayne’s future!