Key Colony No 2
Condos for Sale in Key Biscayne, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
Photo via MIAMI MLS
As of September 2026, Key Colony No 2 Condo in Key Biscayne, FL has 1 home for sale. Over the 12 months ending 2026-09-12, 5 recorded sales closed at a median of $1,120,000, $729 per square foot, a median 92 days on market, sellers accepting 90% of original asking (-21% versus the prior year). At the median price and Miami-Dade County's FY2025-26 rate of 17.59 mills, annual property tax runs about $19,700 ($18,990 with the full homestead exemption).
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.
Key Colony No 2 Condo right now
🔴 Off the recent peak. The trailing-12-month median ($1.12M) is down 20.8% from the prior 12 months ($1.42M). With about 8 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level MIAMI MLS closed sales, 12-month windows ending September 12. Confidence: Low (5 and 6 sales in the two windows).
What's unique here: the median sale price is about 2x the typical Miami-Dade County sale ($1.12M vs $555K, trailing 12 months, MIAMI MLS records).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
Updated September 12, 2026 · Live data: MIAMI MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Key Colony No 2 Condo market snapshot (as of September 12, 2026): the median sale price is about $1.12M ($729 per sq ft over the trailing 12 months of closed sales), and a median 92 days on market for closed sales. The trailing-12-month median is down 21% from the prior 12 months, computed from record-level MIAMI MLS closed sales (5 closings in the current window).
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.
Who Key Colony No 2 Condo is best for.
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.
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 12 of each year, from record-level MIAMI MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($1.12M) IS the median in the snapshot above, and the move from 2025 ($1.42M) IS the -20.8% one-year change.
Windows contain 2 to 22 sales each (5 in the current window); every figure carries its sample size, and thin markets swing on single closings. Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS(R) for the period 2018 through 2026. Deemed reliable but not guaranteed.
The real cost & risk here
Before the list price, the Florida math the portals skip. These are Miami-Dade County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.
Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Miami-Dade County scorecard.
County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.
15% of homes for sale in ZIP 33149 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-09-12).
KEY COLONY NO 2 CONDO Market Scorecard
KEY COLONY NO 2 CONDO is currently a thin data market. Limited supply, a median asking price of $1,900,000, and homes go under contract in about 339 days.
Typical home value in the 33149 ZIP is $1,692,135, about 97.2% above the Florida norm (Zillow Home Value Index).
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: realMLS, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.
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 2026-09-12, priced high to low. Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS(R) for the period 2018 through 2026. Tap any home to ask about it.
The Key Colony No 2 Condo buying strategy.
If we were buying in Key Colony No 2 Condo today, this is the order of operations we would run for our clients.
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.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
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.
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.
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.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Key Colony No 2 Condo buy.
Free calculators to pressure-test the real cost before you tour.
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.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Key Colony No 2 Condo, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
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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Frequently Asked Questions
What is the median home price in Key Colony No 2 Condo?
How long do homes in Key Colony No 2 Condo take to sell?
Who is the best real estate agent for Key Colony No 2 Condo?
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Should you buy in Key Colony No 2 Condo?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near Key Colony No 2 Condo with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | MIAMI MLS, refreshed twice daily (last: September 12, 2026) |
| Community market stats | MIAMI MLS closed sales, 12-month windows ending September 12, 2026 |
| Under-contract shares | MIAMI MLS records, as of 2026-09-08 |
| Historical depth | Closed-sale records back to 2018 (69 transactions analyzed) |
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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