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Neighborhood Highlight: Key Biscayne

The Lighthouse at Key Biscayne, Florida
The Key Biscayne Lighthouse, or “El Farito” as the locals call it.

The Oasis By The City.

Rich with history, the island of Key Biscayne was originally settled by the Tequesta Indians, and since the early 1800s has been used as a strategic point of navigation⁠—largely due to the lighthouse at Cape Florida, which is located on the southernmost tip of the island.

The Village of Key Biscayne as we now know it was incorporated back in 1991, and is currently home to just under 13,000 residents. If you speak to anyone who lives on the island, they’ll tell you that what draws them there is an uncommon lifestyle trait found nowhere else⁠—a life in a quiet bayfront paradise that is a stone throw away from one of the world’s most popular cities, Miami.

People of the Greater Miami area love Key Biscayne for its multiple public beaches that offer some of the best places to enjoy a day on the sand. Most venture to either Crandon Park, or the famed Cape Florida, which is home to the Key Biscayne Lighthouse, or, “El Farito” as the locals call it, which simply means “the little lighthouse.”

Gorgeous condominiums line the oceanside part of the island, with iconic residences such as Grand Bay, The Ocean Club, Key Colony, Oceana Key Biscayne, and so many more. Residents of these incredible buildings enjoy private beach access and a host of top luxury amenities⁠—not to mention some of the most spectacular sunrises in all of Miami.

On the bayside of the island, luxurious single-family homes dot the coast and fill the interior portions of the Village. Many modern manses that rival those in Miami Beach can be found throughout the quiet neighborhood. The most exclusive properties on Key Biscayne can be found on just four streets: S Mashta Drive, Harbor Point, Bay Lane, and Harbor Drive. Trophy residences on these prized streets do not come up often, but when they do, they can trade for upwards of $10 million.

The first sale to ever occur on the island was when the Fornelis Family, the original owners of the island, sold it to Mary Ann Davis of St. Augustine in the early 1820s for just $100. Today, the average sale price of a residence on the island for Q2 2021 was $2,045,000. A staggering example of how this little island has been a sought-after piece of real estate as we have traveled through the centuries.

If you are looking for a quaint oasis by the city, we think you will love Key Biscayne. We encourage you to speak with one of our Island Living Experts. They can help you locate the right residence to fit the relaxed lifestyle you are looking for! You are also welcome to visit our Key Biscayne branch located at 644 Crandon Boulevard. See you on the island!

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Our Associates write often to give you the latest insights on owning a home or property in the Southeast Florida area.