Key Biscayne, Florida: Weathering the Miami Real Estate Storm.

By
Real Estate Agent with Esslinger-Wooten-Maxwell Realtors Inc.

 

     The Village of Key Biscayne, an area highly desirable for being only minutes from Downtown Miami, has hold it's value in this downside market.

     Single family homes prices in Key Biscayne ranges between $1,075,000 and $38,500,000.

     The average percentage that home owners at the island are reducing their properties in order to sell is only 11.67%.

     Compared with other high end areas in Miami, like Coral Gables, Pinecrest or Coconut Grove that have higher percentages in reduced prices, Key Biscayne becomes the obvious choice for a newcomer to Miami.

     The best advice if you are buying in the area, is to take advantage of opportunities like this one:

     RELOCATION OPPORTUNITY! 472 Warren Lane. Owners needs to sell quickly. Originally listed for $2,625,000.00 it has been reduced to $2,450,000.00 or $649.01 Sq Ft well below Key Biscayne’s average of $809.00 Sq Ft for residences not on the water. With 3,775 Sq Ft (350.71 Sq Meters) of living area under air, 4 bedrooms including an in-laws quarters on the 1st floor, and 5 bathrooms including a cabana bath on the downstairs spacious back terrace, this house has it all! 

     Care to know more about Key Biscayne current market conditions? Browse my Key Biscayne CMA report below. Just click on the link. If you can’t download a copy, ask me for one via e-mail at: ana@miamiflorida.com 

     Key Biscayne CMA

    

     For information call Ana Schnabel at 786-2106578 .

Comments (1)

Bob & Carolin Benjamin
Benjamin Realty LLC - Gold Canyon, AZ
East Phoenix Arizona Homes

Thanks for the update on your market. It's always helpful to know what other parts of the country are doing.

Aug 29, 2007 06:08 PM