MIAMI PRIMECondos

Homes for Sale under $5M Across Key Biscayne

100 listings

Current homes for sale under $5m across Key Biscayne, drawn straight from the MLS feed and ordered largest residence first — open any card for photos, unit details and its spot on the map.

24 Grand Bay Estates Circle, Key Biscayne, FL 33149
$4,899,000
5 bd · 5.5 ba · 4,220 sqft
24 Grand Bay Estates Circle, Key Biscayne, FL 33149
691 Ridgewood Rd, Key Biscayne, FL 33149
$3,800,000
4 bd · 4 ba · 3,403 sqft
691 Ridgewood Rd, Key Biscayne, FL 33149
BISCAYNE KEY ESTATES
445 Grand Bay Dr # 104, Key Biscayne, FL 33149
$3,950,000
4 bd · 5 ba · 3,250 sqft
445 Grand Bay Dr # 104, Key Biscayne, FL 33149
GRAND BAY RESIDENCES COND
881 Ocean Dr # 13H, Key Biscayne, FL 33149
$3,500,000
3 bd · 3 ba · 3,120 sqft
881 Ocean Dr # 13H, Key Biscayne, FL 33149
Casa del Mar Condo
881 Ocean Dr # 20A, Key Biscayne, FL 33149
$3,600,000
3 bd · 3 ba · 3,120 sqft
881 Ocean Dr # 20A, Key Biscayne, FL 33149
CASA DEL MAR
781 Crandon Blvd # 401, Key Biscayne, FL 33149
$3,975,000New
3 bd · 5 ba · 3,093 sqft
781 Crandon Blvd # 401, Key Biscayne, FL 33149
OCEAN CLUB
430 Grand Bay Dr # 606, Key Biscayne, FL 33149
$3,900,000
4 bd · 4 ba · 2,930 sqft
430 Grand Bay Dr # 606, Key Biscayne, FL 33149
GRAND BAY TOWER
199 Ocean Lane Dr # 401, Key Biscayne, FL 33149
$4,500,000
4 bd · 4 ba · 2,825 sqft
199 Ocean Lane Dr # 401, Key Biscayne, FL 33149
COMMODORE CLUB SOUTH
524 Warren Ln, Key Biscayne, FL 33149
$3,690,000
5 bd · 4 ba · 2,700 sqft
524 Warren Ln, Key Biscayne, FL 33149
TROPICAL ISLE HOMES SUB 1
475 Woodcrest Rd, Key Biscayne, FL 33149
$4,500,000New
4 bd · 3 ba · 2,689 sqft
475 Woodcrest Rd, Key Biscayne, FL 33149
TROPICAL ISLE HOMES SUB 1
201 Crandon Blvd # 163, Key Biscayne, FL 33149
$2,865,000
3 bd · 4 ba · 2,604 sqft
201 Crandon Blvd # 163, Key Biscayne, FL 33149
Key Colony
765 Crandon Blvd # 311, Key Biscayne, FL 33149
$2,950,000
3 bd · 3 ba · 2,602 sqft
765 Crandon Blvd # 311, Key Biscayne, FL 33149
THE OCEAN CLUB
765 Crandon Blvd # 310, Key Biscayne, FL 33149
$2,850,000
3 bd · 3 ba · 2,602 sqft
765 Crandon Blvd # 310, Key Biscayne, FL 33149
THE OCEAN CLUB
600 Grapetree Dr # 6BS, Key Biscayne, FL 33149
$2,220,000
3 bd · 3 ba · 2,523 sqft
600 Grapetree Dr # 6BS, Key Biscayne, FL 33149
MAR-AZUL CONDO
799 Crandon Blvd # 605, Key Biscayne, FL 33149
$3,750,000
3 bd · 4 ba · 2,510 sqft
799 Crandon Blvd # 605, Key Biscayne, FL 33149
The Ocean Club
791 Crandon Blvd # 302, Key Biscayne, FL 33149
$3,340,000
3 bd · 3 ba · 2,510 sqft
791 Crandon Blvd # 302, Key Biscayne, FL 33149
OCEAN TOWER TWO CONDO
791 Crandon Blvd # 404, Key Biscayne, FL 33149
$3,549,000
3 bd · 3 ba · 2,510 sqft
791 Crandon Blvd # 404, Key Biscayne, FL 33149
THE OCEAN CLUB
575 Crandon Blvd # 801, Key Biscayne, FL 33149
$2,100,000
3 bd · 4 ba · 2,450 sqft
575 Crandon Blvd # 801, Key Biscayne, FL 33149
KEY BISC AMBASSADOR CONDO
548 Fernwood Rd # 548, Key Biscayne, FL 33149
$3,300,000New
4 bd · 3 ba · 2,448 sqft
548 Fernwood Rd # 548, Key Biscayne, FL 33149
N/A
209 E Enid Dr # 36, Key Biscayne, FL 33149
$2,600,000
4 bd · 4 ba · 2,442 sqft
209 E Enid Dr # 36, Key Biscayne, FL 33149
GDNS OF KEY BISCAYNE
151 Crandon Blvd # 345, Key Biscayne, FL 33149
$2,280,000
3 bd · 3 ba · 2,330 sqft
151 Crandon Blvd # 345, Key Biscayne, FL 33149
THE EMERALD BAY
251 Crandon Blvd # 806, Key Biscayne, FL 33149
$2,900,000New
2 bd · 3 ba · 2,220 sqft
251 Crandon Blvd # 806, Key Biscayne, FL 33149
OCEANSOUND
737 Crandon Blvd # PH-1, Key Biscayne, FL 33149
$2,250,000
2 bd · 3 ba · 2,060 sqft
737 Crandon Blvd # PH-1, Key Biscayne, FL 33149
LAKE VILLA TWO CONDO
151 Crandon Blvd # 1130, Key Biscayne, FL 33149
$2,650,000
3 bd · 3 ba · 2,001 sqft
151 Crandon Blvd # 1130, Key Biscayne, FL 33149
The Emerald Bay

Homes for Sale under $5M in Key Biscayne: How This Market Works

Cross the Rickenbacker and the market changes character entirely: Key Biscayne caps its condo density by ordinance, no new building has delivered since 2014, and the village between Crandon and Bill Baggs parks runs on bikes, the K-8 school and the beach. Inventory this constrained rewards patient buyers — units in the established oceanfront buildings rarely linger.

A ceiling of $5.0M reframes the Key Biscayne search around efficiency — which listings deliver the most location, space or building quality without crossing the line. Markets shaped by ordinance-capped condos on a parkland island always carry mispriced corners: a solid older tower with unfashionable finishes, a townhouse a few blocks off the prestige grid, a listing lingering for reasons that turn out to be fixable. Everything qualifying under the cap is gathered here in one view.

Key Biscayne Market Snapshot

227
Homes sold, last 12 months
$1.6M
Median sale price
63 days
Median time on market

Frequently Asked Questions

How do I spot genuine value under $5.0M in Key Biscayne?

Look for a mismatch between price and fundamentals — a well-run building priced alongside the weak ones, a dated interior on a superior line or lot, long market time that traces to bad photography rather than bad property. We tell you plainly which listings under $5.0M are bargains and which are cheap for reasons that will follow you to resale.

Will my monthly cost stay in budget after buying under $5.0M?

Only if you underwrite everything: association dues, property taxes that reset off your purchase price, insurance keyed to roof age and flood zone, and buyer-side closing costs. We prepare a full carrying-cost worksheet on any listing you shortlist, so the cap you set holds up in month twelve — not just at the closing table.

Can I see a Key Biscayne property before committing to anything?

Of course. Use the inquiry form on any listing or call +1 786-370-8570 and we will set up a private showing around your calendar. Buyers who live elsewhere can request a recorded video walkthrough of any residence. Looking carries no commitment — deciding comes later, on your terms.

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