Key Biscayne has had 7 closed condominium sales in February with and AVERAGE selling price of $486.00 per square foot. The units that closed are:

The Ocean Club/Ocean Tower 1 # 1008 – This 3 bedroom/4.5 bathroom, 3011 sqft. condo sold for $1,962,500.00 after spending 316 days on the market. ($651.61 per square foot)

The Ocean Club/Club Tower 3 # 603 – This 3 bedroom/4 bathroom, 2500 sqft. condo sold for $1,550,000.00 after spending 85 days on the market. ($620.00 per square foot)

Key Colony/Tidemark #1224 – This 2 bedroom/3 bathroom, 1851 sqft. condo sold for $820,000.00 after spending 57 days on the market. ($443.00 per square foot)

Key Colony/Tidemark # 533 – This 2 bedroom/2 bathroom, 1541 square foot condo sold for $760,000.00 after spending 31 days on the market. ($493.18 per square foot)

Casa Del Mar # TH18 – This 2 bedroom/2 bathroom, 1042 square foot condo sold for $540,000.00 after spending 882 days on the market. ($518.23 per square foot)

170 Ocean Lane Dr. # 812 – This 2 bedroom/2 bathroom, 1435 square foot condo sold for $465,000.00 after spending 170 days on the market. ($324.04 per square foot)

The Palms – 77 Crandon Blvd. # PH3 – This 2 bedroom/ 2 bathroom, 1190 sqft. condo sold for $417,000.00 after spending 63 days on the market. ($350.00 per square foot)

There are currently 366 condominium units for sale on Key Biscayne.  In addition, there are 10 Ocean Club Cabanas for sale.  To clear up any confusion, in order  to purchase a cabana you must first own a residence at The Ocean Club.  Of these 366 active properties, 22 are SHORT SALES and 2 are REOs (bank owned).  Below you will find the Market Statistics for all active CONDOS on Key Biscayne.

Key Biscayne PENDING Sales are as follows:

Thus far into 2010,  there have been 10 closed condominium sales.  Here are the statistics on those properties…

For more detailed information, please contact me directly at 786.269.9683, or email jill@jillolcott.com.

Thank you and have a WONDERFUL Day!

Jill

If you are looking to buy a condo or home in Miami, you may want to consider Miami’s Tropical Island Paradise, Key Biscayne.

Key Biscayne is located just 5 miles off the coast of Miami.  Where I-95 and US1 meet is the Rickenbacker Causeway, which will transport you to this unique island.  On your way, along with breathtaking views of the Atlantic Ocean and Biscayene Bay, you will pass the Miami Seaquarium, Key Biscayne Golf Course, the site of Sony Ericksson Tennis Tournament, and Crandon Park Beach.   In just 10 short minutes from downtown, you will be captivated by beautiful and idyllic Key Biscayne.  Just 20 minutes from Miami International Airport, South Beach, the Design District and Coral Gables, this unique island offers unparalleled island living.

Key Biscayne is roughly 5 miles long and 1.5 – 2 miles wide at various points.  With over 10,000 residents, Key Biscayne has 1296 residential units and over 5,000 condomimium units.

There are currently 364 condos for sale on Key Biscayne with prices ranging from $150,000 to $6,780,000.  There are 130 single family homes for sale with prices ranging from $985,000 to over $24,000,000.  Please contact Jill Olcott at 786.269.9683 for more information.