MIAMI PRIMECondos

Key Biscayne Homes for Sale under $5M

151 listings

Live MLS inventory in Key Biscayne, updated continuously.

232 Sea View Dr # 108, Key Biscayne, FL 33149
$1,480,000
2 bd · 3 ba · 1,340 sqft
232 Sea View Dr # 108, Key Biscayne, FL 33149
CAPE FLORIDA CLUB CONDO
101 Crandon Blvd # 170, Key Biscayne, FL 33149
$1,470,000
3 bd · 3 ba · 1,720 sqft
101 Crandon Blvd # 170, Key Biscayne, FL 33149
KEY COLONY NO 4 CONDO
200 Ocean Lane Dr # PB4, Key Biscayne, FL 33149
$1,400,000
1 bd · 1 ba · 1,217 sqft
200 Ocean Lane Dr # PB4, Key Biscayne, FL 33149
ISLAND HOUSE APT INC - CO
Listing
$1,360,000New
3 bd · 2 ba · 1,847 sqft
BAHIA MAR
1111 Crandon Blvd # B506, Key Biscayne, FL 33149
$1,350,000
2 bd · 2 ba · 1,409 sqft
1111 Crandon Blvd # B506, Key Biscayne, FL 33149
TOWERS OF KEY BISCAYNE CO
1121 Crandon Blvd # E1203, Key Biscayne, FL 33149
$1,350,000
2 bd · 2 ba · 1,409 sqft
1121 Crandon Blvd # E1203, Key Biscayne, FL 33149
TOWERS OF KEY BISCAYNE CO
199 Ocean Lane Dr # 1009, Key Biscayne, FL 33149
$1,299,000
2 bd · 2 ba · 1,260 sqft
199 Ocean Lane Dr # 1009, Key Biscayne, FL 33149
Commodore Club
177 Ocean Lane Dr # 213, Key Biscayne, FL 33149
$1,299,000
2 bd · 2 ba · 1,260 sqft
177 Ocean Lane Dr # 213, Key Biscayne, FL 33149
KEY BISCAYNE'S COMMODORE
199 Ocean Lane Dr # 1207, Key Biscayne, FL 33149
$1,295,000
2 bd · 2 ba · 1,260 sqft
199 Ocean Lane Dr # 1207, Key Biscayne, FL 33149
COMMODORE CLUB SOUTH COND
1121 Crandon Blvd # D903, Key Biscayne, FL 33149
$1,265,000
2 bd · 2 ba · 1,409 sqft
1121 Crandon Blvd # D903, Key Biscayne, FL 33149
The Towers of Key Biscayn
151 Crandon Blvd # 320, Key Biscayne, FL 33149
$1,250,000
2 bd · 2 ba · 1,488 sqft
151 Crandon Blvd # 320, Key Biscayne, FL 33149
THE EMERALD BAY
200 Ocean Lane Dr # 407, Key Biscayne, FL 33149
$1,220,000
2 bd · 2 ba · 1,580 sqft
200 Ocean Lane Dr # 407, Key Biscayne, FL 33149
ISLAND HOUSE APT INC - CO
224 Sea View Dr # 104, Key Biscayne, FL 33149
$1,175,000
2 bd · 3 ba · 1,340 sqft
224 Sea View Dr # 104, Key Biscayne, FL 33149
CAPE FLORIDA CLUB
177 Ocean Lane Dr # 512, Key Biscayne, FL 33149
$1,170,160
2 bd · 2 ba · 1,260 sqft
177 Ocean Lane Dr # 512, Key Biscayne, FL 33149
Commodore Club East
170 Ocean Lane Dr # 305, Key Biscayne, FL 33149
$1,150,000
3 bd · 2 ba · 1,435 sqft
170 Ocean Lane Dr # 305, Key Biscayne, FL 33149
OCEAN LANE PLAZA
201 Crandon Blvd # 605, Key Biscayne, FL 33149
$1,150,000New
1 bd · 2 ba · 1,059 sqft
201 Crandon Blvd # 605, Key Biscayne, FL 33149
Tidemark
177 Ocean Lane Dr # 208, Key Biscayne, FL 33149
$1,125,000
2 bd · 2 ba · 1,260 sqft
177 Ocean Lane Dr # 208, Key Biscayne, FL 33149
Commodore Club East
199 Ocean Lane Dr # 206, Key Biscayne, FL 33149
$1,100,000New
2 bd · 2 ba · 1,260 sqft
199 Ocean Lane Dr # 206, Key Biscayne, FL 33149
Commodore Club South Cond
199 Ocean Lane Dr # 911, Key Biscayne, FL 33149
$1,099,999
2 bd · 2 ba · 1,260 sqft
199 Ocean Lane Dr # 911, Key Biscayne, FL 33149
COMMODORE CLUB SOUTH COND
199 Ocean Lane Dr # 413, Key Biscayne, FL 33149
$1,099,000
2 bd · 2 ba · 1,260 sqft
199 Ocean Lane Dr # 413, Key Biscayne, FL 33149
Commodore Club South
50 Ocean Lane Dr # 404, Key Biscayne, FL 33149
$1,095,000
3 bd · 2 ba · 1,360 sqft
50 Ocean Lane Dr # 404, Key Biscayne, FL 33149
THE PYRAMIDS
155 Ocean Lane Dr # 413, Key Biscayne, FL 33149
$999,000New
2 bd · 2 ba · 1,260 sqft
155 Ocean Lane Dr # 413, Key Biscayne, FL 33149
COMMODORE CLUB WEST CONDO
210 Sea View Dr # 506, Key Biscayne, FL 33149
$950,000New
2 bd · 2 ba · 1,330 sqft
210 Sea View Dr # 506, Key Biscayne, FL 33149
CAPE FLORIDA CLUB CONDO
55 Ocean Lane Dr # 2028, Key Biscayne, FL 33149
$890,000New
2 bd · 2 ba · 1,450 sqft
55 Ocean Lane Dr # 2028, Key Biscayne, FL 33149
OCEAN VILLAGE CONDO

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

223
Homes sold, last 12 months
$1.6M
Median sale price
60 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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