Homes Under $500K in Key Biscayne, FL

There are 7 homes under $500K for sale in Key Biscayne, Florida right now, priced from $429K to $495K. The median list price is $459,000. That puts this segment 82% below the overall Key Biscayne median of $2,490,000 across 151 active listings.

These homes average 658 square feet of living area. Average pricing runs $705 per square foot versus $2,424 citywide. The median year built is 1965.

This segment averages 111 days on market. The median closed-sale price in Key Biscayne is $1,527,500. Deals close at 94.5% of list price. The absorption rate is 12.7%.

The largest concentration is in Cay Polynesia Condo, with 3 available listings. The rest is spread across 3 other communities.

María Delgado works the South Florida market daily and can send you the full list with photos, association documents and recent comparables — in English or Spanish.