Foreclosure Homes in Key Biscayne, FL 33149

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.

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.