Key Colony No 2 Condo in Key Biscayne

Key Colony No 2
Condos for Sale in Key Biscayne, FL

Community in Key Biscayne · Miami-Dade County
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Built fromLive MIAMI MLS dataUpdated twice daily
Live · Key Colony No 2 Condo Housing Pulse MIAMI MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 10,000+ customers served · Top 1% in Florida (RealTrends)
Tempo
0%
Under contract
Miami-Dade: 13% (2,241 of 16,748)
4 · 0
For sale · pending
live counts, refreshed twice daily

Homes For Sale Right Now in Key Colony No 2 Condo

Live MLS inventory for Key Colony No 2 Condo. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.

Active and pending Key Colony No 2 Condo listings as of 2026-11-12, priced high to low. Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS(R). Tap any home to ask about it.

Jon Brooks, Co-Founder of Momentum Realty
Jon's Read · written July 22, 2026

The number that matters most here is the price per square foot: $720.59, which points to a well-located, higher-cost building rather than a bargain corner of the market. Layer in a median sale price of $1,110,750 and you get a community where condition, view, and floor plan drive far more of the final number than any broad market trend does.

The year-over-year figure, down 31.9%, looks dramatic, but with only 8 closings in this window, that swing can reflect a handful of unit types trading rather than a wholesale reset in value. A median 76 days on market and a market heat score of 30 both say the same thing: this is not a bidding-war environment right now. Sellers should price to the specific unit, not the headline trend, and buyers have real room to negotiate on terms and timeline.

Figures in this note are as of July 22, 2026. The live market numbers elsewhere on this page update nightly and are newer.

The 60-Second Overview

KEY COLONY NO 2 CONDO trades at a high price per square foot relative to its median sale price, which suggests smaller or premium units carry the market here more than sheer square footage does. With only 8 closings in the current window, every sale moves the averages more than it would in a higher-volume building.

Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.

Best for

  • A buyer comfortable doing unit-level diligence in a low-volume building rather than relying on averages.
  • A buyer with flexible timing who can wait out a slower-moving market for the right unit.
  • A seller prepared to price a specific line on its own merits rather than the building median.

Probably not for

  • A buyer who wants a high-volume comp set to lean on before making an offer.
  • A seller expecting a quick sale in line with a hot market pace.
  • A buyer relying solely on the median price or per-square-foot figure without confirming against the specific unit's comps.

The market around Key Colony No 2 Condo

Key Colony No 2 Condo is too small for its own price trend, so here is the market around it.

Across Miami-Dade County, 14,507 homes are active and 2,241 pending (13% under contract).

ZIP and county figures describe the wider market, not Key Colony No 2 Condo specifically. Momentum Research analysis of MLS records.

If we were buying in Key Colony No 2 Condo today, this is the order of operations we would run for our clients.

1

Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.

2

Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.

3

Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.

4

Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.

5

Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Key Colony No 2 Condo.

Best Buy
Buyers and sellers focused on a specific unit or line rather than the building's average numbers.
Biggest Risk
With only 8 closings in the window, the year-over-year and median figures can shift sharply on the next few sales.
Sweet Spot
Units priced and evaluated against their own recent comps, not the building-wide median.
Avoid If
You need a fast, low-effort transaction based on a single published median figure.

A thin market with a premium per-foot price

At $720.59 per square foot against a $1,110,750 median price, the math implies units on the smaller side of the size spectrum are setting the tone, or that certain lines command a real premium over others in the same building. That combination is worth understanding unit-by-unit rather than assuming one number applies across the board.

A median 76 days on market, paired with a market heat score of 30, describes a building where buyers are not rushing and sellers are not seeing multiple offers. With just 8 closings feeding the current snapshot, treat every top-line figure here as directional. The real work is pulling the specific comparable sales for the exact line and floor before setting or accepting a number.

“

The location and the amenities are priced into every listing in Key Colony No 2 Condo. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty

Why work with Momentum here

In a building with only 8 recent closings, the publicly available averages will not tell you much about what a specific unit is actually worth. We pull the underlying comps line by line, so pricing decisions here are based on what has genuinely sold, not a small-sample headline.

Key Colony No 2 Condo in 15 seconds.

Best forBuyers and sellers focused on a specific unit or line rather than the building's average numbers.
Biggest advantageLonger days on market and a low heat score give buyers real room to negotiate.
Biggest riskWith only 8 closings in the window, the year-over-year and median figures can shift sharply on the next few sales.
Sweet spotUnits priced and evaluated against their own recent comps, not the building-wide median.
Avoid ifYou need a fast, low-effort transaction based on a single published median figure.
The takeaway

Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Key Colony No 2 Condo sales matched to your home.

What is your Key Colony No 2 Condo home worth?

Get a no-obligation home value based on real comparable sales in Key Colony No 2 Condo, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.

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Real comps, not an automated estimate.
A buyer comfortable doing unit-level diligence in a low-volume building rather than relying on averages.Excellent fit
A buyer with flexible timing who can wait out a slower-moving market for the right unit.Excellent fit
A seller prepared to price a specific line on its own merits rather than the building median.Excellent fit
A buyer who wants a high-volume comp set to lean on before making an offer.Probably not
A seller expecting a quick sale in line with a hot market pace.Probably not
A buyer relying solely on the median price or per-square-foot figure without confirming against the specific unit's comps.Probably not

Nearby Communities

Explore more neighborhoods near Key Colony No 2 Condo with Momentum Realty’s local guides.

Oceansound0.0 mi awayThe Emeraldbay0.0 mi away · 1 for saleThe Emeraldbay Key Colon0.0 mi awayThe Palms Of0.1 mi away · 2 for saleThe Pyramids Key Biscay0.1 mi awayOcean Village Condo0.1 mi away · 2 for sale

Browse all neighborhood guides →

Data sources & freshness

Live listingsMIAMI MLS, refreshed twice daily (last: November 12, 2026)
Under-contract sharesMIAMI MLS records, as of 2026-11-10

Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.

Momentum Research figures are our own analysis of MIAMI MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.

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The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. A Momentum agent can price yours against live local comps.

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