MIAMI PRIMECondos

Key Biscayne Homes for Sale under $5M

150 listings

Live MLS inventory in Key Biscayne, updated continuously.

575 Crandon Blvd # 706, Key Biscayne, FL 33149
$850,000New
2 bd · 2 ba · 1,311 sqft
575 Crandon Blvd # 706, Key Biscayne, FL 33149
Key Biscayne Ambassador
155 Sunrise Dr # 4B, Key Biscayne, FL 33149
$849,000
2 bd · 2 ba · 1,212 sqft
155 Sunrise Dr # 4B, Key Biscayne, FL 33149
Sunrise Condo
Listing
$845,000New
1 bd · 2 ba · 895 sqft
Commodore Club West Condo
210 Sea View Dr # 409, Key Biscayne, FL 33149
$844,000New
2 bd · 2 ba · 1,330 sqft
210 Sea View Dr # 409, Key Biscayne, FL 33149
Cape Florida Club
150 Ocean Lane Dr # 7C, Key Biscayne, FL 33149
$835,000New
2 bd · 2 ba · 1,335 sqft
150 Ocean Lane Dr # 7C, Key Biscayne, FL 33149
Island Breakers
150 Ocean Lane Dr # 2A, Key Biscayne, FL 33149
$829,000
2 bd · 2 ba · 1,370 sqft
150 Ocean Lane Dr # 2A, Key Biscayne, FL 33149
ISLAND BREAKER CONDO
155 Ocean Lane Dr # 103, Key Biscayne, FL 33149
$825,000New
1 bd · 2 ba · 895 sqft
155 Ocean Lane Dr # 103, Key Biscayne, FL 33149
Biscayne Apts
150 Ocean Lane Dr # 2H, Key Biscayne, FL 33149
$799,000New
2 bd · 2 ba · 1,335 sqft
150 Ocean Lane Dr # 2H, Key Biscayne, FL 33149
The Island Breaker
155 Ocean Lane Dr # 403, Key Biscayne, FL 33149
$790,000New
1 bd · 2 ba · 895 sqft
155 Ocean Lane Dr # 403, Key Biscayne, FL 33149
Commodore Club West
101 Ocean Lane Dr # 209, Key Biscayne, FL 33149
$779,000New
2 bd · 2 ba · 1,450 sqft
101 Ocean Lane Dr # 209, Key Biscayne, FL 33149
Ocean Village Condominium
555 Crandon Blvd # 82, Key Biscayne, FL 33149
$775,000
2 bd · 2 ba · 1,090 sqft
555 Crandon Blvd # 82, Key Biscayne, FL 33149
Crandon Tower
77 Crandon Blvd # 5C, Key Biscayne, FL 33149
$770,000
2 bd · 2 ba · 1,105 sqft
77 Crandon Blvd # 5C, Key Biscayne, FL 33149
The Palms
170 Ocean Lane Dr # 310, Key Biscayne, FL 33149
$769,900
2 bd · 2 ba · 1,335 sqft
170 Ocean Lane Dr # 310, Key Biscayne, FL 33149
Ocean Lane Plaza Condo
77 Crandon Blvd # 3C, Key Biscayne, FL 33149
$765,000
2 bd · 2 ba · 1,105 sqft
77 Crandon Blvd # 3C, Key Biscayne, FL 33149
The Palms of Key Biscayne
155 Ocean Lane Dr # 302, Key Biscayne, FL 33149
$749,000
1 bd · 2 ba · 895 sqft
155 Ocean Lane Dr # 302, Key Biscayne, FL 33149
Commodore Club West
240 Galen Drive # 109, Key Biscayne, FL 33149
$740,000
3 bd · 2 ba · 1,100 sqft
240 Galen Drive # 109, Key Biscayne, FL 33149
Galen Drive Condo
550 Ocean Drive # 3H, Key Biscayne, FL 33149
$720,000
3 bd · 2 ba ·
550 Ocean Drive # 3H, Key Biscayne, FL 33149
GALEN BREAKERS CONDO
555 Crandon Blvd # 43, Key Biscayne, FL 33149
$699,000
2 bd · 2 ba · 1,040 sqft
555 Crandon Blvd # 43, Key Biscayne, FL 33149
CRANDON TOWER CONDO
798 Crandon Blvd # 16-C, Key Biscayne, FL 33149
$699,000
2 bd · 2 ba · 875 sqft
798 Crandon Blvd # 16-C, Key Biscayne, FL 33149
LE PHARE KEY BISCAYNE
55 Ocean Lane Dr # 3030, Key Biscayne, FL 33149
$580,000
1 bd · 2 ba · 972 sqft
55 Ocean Lane Dr # 3030, Key Biscayne, FL 33149
Ocean Village
210 Sea View Dr # 207, Key Biscayne, FL 33149
$579,000New
1 bd · 2 ba · 875 sqft
210 Sea View Dr # 207, Key Biscayne, FL 33149
Cape Florida Club
260 Sunrise Dr # D, Key Biscayne, FL 33149
$535,000New
1 bd · 1 ba · 740 sqft
260 Sunrise Dr # D, Key Biscayne, FL 33149
SUNRISE MANOR CONDO
195 Sunrise Dr # 7, Key Biscayne, FL 33149
$519,000
1 bd · 1 ba · 790 sqft
195 Sunrise Dr # 7, Key Biscayne, FL 33149
Indies
100 Ocean Lane Dr # 303, Key Biscayne, FL 33149
$505,000New
1 bd · 2 ba · 870 sqft
100 Ocean Lane Dr # 303, Key Biscayne, FL 33149
KEY BISCAYNE ONE HUNDRED

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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