Luxury Homes for Sale in Key Biscayne, FL
The luxury market in Key Biscayne starts at $2,020,000 — about 1.5× the city’s median asking price. This page is every active listing at that level, refreshed nightly from the MLS, with what has actually closed, where the inventory sits and how long it takes to sell. For the wider picture see luxury communities in Miami-Dade County.
76 luxury homes are for sale in Key Biscayne, FL at $2,020,000 and up — median asking $5,325,000, the top listing at $237,000,000, $1,632 per square foot. 3% is new construction. Median days on market: 70.
Newest luxury listings in Key Biscayne
The most expensive homes for sale in Key Biscayne
| Listing | Asking | Sq ft | $ / sq ft | Community |
|---|---|---|---|---|
| 485 W Matheson Dr | $237,000,000 | 11,528 | $20,559 | tropical isle homes |
| 260 Cape Florida Dr | $29,500,000 | 10,964 | $2,691 | Cape Florida |
| 241 Cape Florida Dr | $27,900,000 | 9,159 | $3,046 | Cape Florida |
| 200 Harbor Dr | $25,900,000 | 2,566 | $10,094 | Tropical Isle Homes |
| 120 Knollwood Dr | $19,950,000 | 6,208 | $3,214 | Cape Fla |
| 520 S Mashta Dr | $19,900,000 | 3,085 | $6,451 | Mashta Island A |
| 100 Cape Florida Dr | $19,800,000 | 8,240 | $2,403 | Cape Florida |
| 960 Mariner Dr | $19,500,000 | 7,742 | $2,519 | Cape Fla |
| 445 Grand Bay Drive Ph-1A | $18,900,000 | 8,435 | $2,241 | Grand Bay Residences Cond |
| 799 Crandon Blvd Ph-8 | $18,500,000 | 4,566 | $4,052 | OCEAN TOWER ONE Condo |
Where the luxury inventory is
| Community | Luxury listings | Median asking |
|---|---|---|
| Biscayne Key Estates | 8 | $5,539,000 |
| Oceana | 7 | $4,800,000 |
| Cape Florida | 7 | $16,500,000 |
| Tropical Isle Homes | 6 | $7,575,000 |
| CASA DEL MAR Condo | 4 | $3,597,500 |
| GRAND BAY TOWER Condo | 3 | $3,490,000 |
| OCEAN TOWER ONE Condo | 3 | $3,975,000 |
| Mashta Island A | 2 | $13,125,000 |
| Grand Bay Residences Cond | 2 | $10,710,000 |
| Mashta Island | 2 | $17,650,000 |
| LAKE VILLA TWO Condo | 2 | $2,525,000 |
| Cape Fla | 2 | $19,725,000 |
Luxury inventory by price
| Band | For sale | Share |
|---|---|---|
| $2,000,000–$3,000,000 | 14 | 18% |
| $3,000,000–$5,000,000 | 22 | 29% |
| $5,000,000+ | 40 | 53% |
How to read this
Luxury is defined here as asking prices at or above $2,020,000. Counts, medians and closings come from active and closed MLS listings as of September 16, 2026; closings are the trailing 12 months. Listings appear courtesy of the listing brokerage under IDX rules; information deemed reliable but not guaranteed. See also all 84 homes for sale in Key Biscayne and what $1M buys across Miami-Dade County.