Keystone Island
Homes for Sale in North Miami, FL

Keystone Island No 5 is a low-volume waterfront-adjacent Miami-Dade community where price per square foot runs well above $1,000 and the market moves on a small number of closings at a time, so each transaction carries outsized weight in reading value.

MIAMI REALTORS sales records identify 169 homes in KEYSTONE ISLAND that have changed hands since 2007, built between 1950 and 2025 (median 1959), with a median living area of about 2,956 sq ft and a typical 4-bedroom, 3-bath layout; 100% are single-family homes. Source: MIAMI REALTORS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

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.

Keystone Island is too small for its own price trend, so here is the market around it.

In ZIP 33181, 291 homes are on the market and 10% are under contract — a slower corner of North Miami.

Across Miami-Dade County, 15,314 homes are active and 3,367 pending (18% under contract).

In ZIP 33181, 165 homes closed in the last 12 months at a median of $370K ($286/sq ft), up 2.0% year over year, with a median 86 days on market. Right now 173 active and 18 pending listings — a soft market. See the live ZIP 33181 housing market and the Miami-Dade County market.

ZIP and county figures describe the wider market, not Keystone Island specifically. Momentum Research analysis of MLS records.

With only three closings in the current window, Keystone Island No 5 does not behave like a high-volume subdivision where comps stack neatly. The median price of $2,700,000 and median price per square foot of $1,004.84 reflect whatever mix of lot, condition, and finish happened to trade recently — not a stable baseline you can extrapolate forward with confidence.

The 13-day median days-on-market is the more telling number here: it says that when a listing is priced and presented correctly, it does not linger. That combination — high price per square foot, fast absorption, low volume — usually points to a market where sellers hold pricing power but where buyers need to move quickly once they identify the right property, because there may not be a second one behind it for months.

In a market with this few closings, the comps that matter are often not the ones on the public record yet, and pricing a listing — or evaluating an offer — requires knowing the recent transaction detail behind the median, not just the headline number. We track that closing activity as it happens and use it to keep both sellers and buyers grounded in what is actually trading, rather than what a thin dataset suggests on the surface.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.