Reasons to Move to Miami-dade County, FL
Prospective homebuyers are clearly taking advantage of the current interest rates and numerous government assistance programs. These interest rates mean homebuyers in Miami-dade County can now afford much more house for the same monthly payment compared to when rates are higher. Motivated and opportunistic sellers in Miami-dade County can field multiple offers from more qualified buyers, making it a dynamic market for both buyers and sellers.
What type of property to buy in Miami-dade County,
Our extensive database in Miami-dade County includes 5 preforeclosures, foreclosure auction properties, bankruptcies, REOs (real estate owned by lenders), and properties from HUD, VA, Fannie Mae, and other government agencies in Miami-dade County. We also feature listings from over 100 corporate sellers. Our information is updated daily, sourced directly from these entities, ensuring you receive the freshest and most accurate data. This meticulously compiled and organized collection makes your search as straightforward as possible. Only www.foreclosure.com offers this unparalleled, trustworthy resource, backed by our commitment to providing expert, authoritative, and up-to-date information. Visit our FAQ section to read more about the different listing types and how to purchase them.
Pros and Cons of Living in Miami-dade County, FL
How do you know that living in—or moving to— Miami-dade County is the right choice for you? Perhaps you grew up in Miami-dade County or already live nearby, making the decision to buy a home here a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Miami-dade County for work or just looking for a fresh start, understanding the neighborhood from afar (online) can be challenging and exhausting.
Here are some expert tips to consider when shopping for foreclosed homes for sale in Miami-dade County:
- Neighborhood Environment: Do you prefer a suburban, urban, or rural setting?
- Shopping and Dining: What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local), and businesses (small, big, mixed) would you like nearby?
- Leisure Activities: What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
- Commute: What type of commute (car, plane, home office) suits your lifestyle?
Creating a "Pros vs. Cons" list of what you need in a home and neighborhood is always a helpful step in making an informed decision. With expert insights and up-to-date market data from foreclosure.com, you can confidently explore the opportunities in Miami-dade County, .
Key Biscayne, FL Foreclosures
How much do homes sell for in Key Biscayne, FL?
The average home price is currently $2,578,545.
In Key Biscayne, FL, how many homes are available?
There are currently 5 active home listings available in Key Biscayne.
What’s the average rental cost in Key Biscayne, FL?
The average rental price in Key Biscayne is $2,535.
What is the most expensive home in Key Biscayne?
The most expensive home sold in Key Biscayne had a price of $67,853,200.
What is currently the cheapest priced home in Key Biscayne, FL?
The cheapest home for sale in Key Biscayne is priced at $38,452.
Living in Key Biscayne, FL
Key Biscayne, FL is a picturesque island known for its upscale lifestyle, beautiful beaches, and strong community vibe. This thriving enclave offers families scenic parks, exceptional schools, and outdoor activities, while being just a short drive from the bustling city of Miami. With both luxury and leisure, Key Biscayne is a highly desirable area for real estate investments.
Current Market Conditions in Key Biscayne, FL
The real estate market in Key Biscayne has shown impressive stability over the past year, characterized by a steady demand for both rental and purchasing properties. The luxury segment has seen continued interest from both local and international buyers, while mid-range properties are also attracting families looking for a great quality of life. Overall, the vibrant community lifestyle combined with the natural beauty of the area contributes to the growing appeal of Key Biscayne.
As of late 2023, the market is experiencing moderate growth, with property values rising steadily due to the ongoing interest from buyers seeking the charm and elegance of beachfront living. A limited inventory has led to competitive bidding in some segments, making it an attractive prospect for sellers.
Home Value Estimator For Key Biscayne, FL
There are currently 6,603 real estate properties
in Key Biscayne, FL,
with a median automated valuation model (AVM) price
of $1,507,678.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Key Biscayne, FL, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Key Biscayne, FL,
is $2,578,545.00, with the most expensive house
in Key Biscayne, FL, topping out
at $67,853,200.00 and the cheapest home
in Key Biscayne, FL,
clocking in at $38,452.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Key Biscayne, FL!
Rent Prices
In Key Biscayne, FL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Key Biscayne, FL, is on
a rollercoaster ride. The
average rent price in Key Biscayne, FL,
is $2,535.00. Indeed, when looking to rent in
Key Biscayne, FL, you can expect to pay as little
as $950.00 or as much
as $4,540.00,
with the average rent median estimated to
be $2,340.00. The good news is that finding
an affordable and desirable property to rent in Key Biscayne, FL
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
