Key Biscayne’s residential real estate market was very active during the October 10-14 period, with seven transactions completed, five of which were in the seven digits.
The top-selling property was a 5,179-square-foot, six-bedroom Mediterranean home on Mashta Island. It sold for a whopping $6,632,500.
In the Brickell luxury condo market, the trend of transactions closing below the asking price continued in the fourth quarter. The thriving, upscale urban neighborhood now has a median rent of around $6,500.
So, investors looking for a long-term investment can consider getting in on the action.
6 bedrooms / 5.5+ bathrooms / 5,179 square feet / 0.23 acre lot
740 N Mashta Drive, Key Biscayne, FL 33149
This sprawling six-bedroom, five-full, three-half bath single-family Mediterranean residence on a corner lot has been listed for $7.5 million.
Mashta’s Island Home features vaulted ceilings, hand-painted wall tiles, a rooftop deck, and 5,179 square feet of living space.
Sylvia G. Iriondo with BHHS EWM Realty represented the seller, the buyer being represented by Caio Novaes Stinchi with Elite International Realty Inc.
3 bedrooms/4 bathrooms/2,840 square feet
430 Grand Bay Drive, Apt. 1107 Key Biscayne, FL 33149
Double ending for Monica Slodarz with Compass, who represented both seller and buyer in the deal that closed for just $40,000 below the asking price. This completely remodeled three-bedroom at Grand Bay Residences features private beach access with chair services, spa and gym, pool, valet parking, and 24-hour concierge services.
3 bedrooms/3 bathrooms/2,825 square feet
199 Ocean Lane Drive, Unit 200-202, Key Biscayne, FL 33149
Single property. Two apartments were combined to create a 2,825 square foot three-bedroom home with three full bathrooms, as well as a laundry room and utility room. The large kitchen is equipped with high-end appliances and a snack counter. The master bedroom includes a spacious walk-in closet and a balcony. Off the living room there is a wraparound balcony.
Comes with four parking spots and one golf cart parking spot. This property has been listed for $2.6 million.
The buyer was represented by Victoria Zamorano with Realty One Group Evolution while the buyer was represented by Marilyn Borroto with BHHS EWM Realty
6 bedrooms/7.5 bathrooms/3,888 square feet
544 Ridgewood Rd, Key Biscayne, FL 33149
This contemporary, two-story, six-bedroom single-family home built in 2017 has been listed for $4.85 million.
Buyer was represented by Geysa Guarconi with Kb Realty and Buyer was represented by Thania Vernon – Vernon and Vernon with Fortune International Realty Key Biscayne Inc
3 bedrooms/3 bathrooms/2,470 square feet
733 Crandon Blvd., apt. 206 Key Biscayne, FL 33149
Built in 1996, this three bedroom at Lake Villa Lanai features a large deck and two covered parking spaces.
This property has several renovation projects planned, so the buyer is responsible for paying special appraisals.
The seller was represented by LUCRECIA B. ARANA LINDEMANN with Dezer Platinum Realty LLC and the buyer was represented by BRIGITTE NACHTIGALL, Agent with Great Properties International Llc
1 bed/1.5 bath/730 square feet
200 Galen Drive, Apt. 202 Key Biscayne, FL 33149
A bedroom with a boudoir bathed in natural light and a balcony with access from the bedroom. This unit was listed for $420,000.
3 bedrooms/2.5 bathrooms/1,868 square feet
290 Fernwood Road, Unit 1, Key Biscayne, FL 33149
Seller and buyer were represented by Giulietta Ulloa with BHHS EWM Realty. This newly remodeled three-bedroom townhouse went on sale for $2.89 million in June.
Buyer and seller were represented by Giulietta Ulloa with BHHS EWM Realty.
2 bedrooms/2 bathrooms/1,200 square feet
1155 Brickell Bay Drive, Apt. 3101, Miami, FL 33131
Nice corner, two bedroom in The Mark with updated bathrooms, updated kitchen and porcelain tile flooring. This unit sold for the asking price.
1 bed/1.5 bath/777 square feet
1451 Brickell Ave., Unit 2302, Miami, FL 33131
Listed at $759,000, this room at Echo Brickell offers panoramic views of Biscayne Bay from every room. The unit features Italian Carrara marble flooring, Italian glass cabinetry, marble countertops and Sub-Zero, Wolf and Bosch appliances, Apple Home technology and a Bluetooth/fob controlled entry door.
2 bedrooms/2 bathrooms/1,111 square feet
55 SE Sixth St., App. 1705, Miami, FL 33131
Two bedroom unit overlooking the Downtown Miami Skyline and the Miami River with light gray Italian porcelain flooring, large balcony with access from the living room and both bedrooms. It was listed for $635,000.
1 bed/1.5 bath/939 square feet
185 SW Seventh St., App. 2005, Miami, FL 33130
This transaction was a double end for Daniele Almeida with Miami Realty Solution Group. The Latitude on the River bedroom includes a den and was listed at $445,000.
2 bedrooms/2.5 bathrooms/1,270 square feet
60 SW 13th St., Apt. 4813, Miami, Florida 33130
Two-bedroom loft at Infinity with panoramic views and high-end interior finishes. This property was listed for $690,000 in February 2022.
1 bed/1 bath/760 square feet
1155 Brickell Bay Drive, Apt. 2105, Miami, FL 33131
Listed at $520,000 in April 2022, this fully furnished one-bedroom unit offers beautiful bay views from the balcony.
Studio/1 bathroom/585 square feet
801 S Miami Ave., Unit 205, Miami, FL 33130
Studio in SLS LUX comes with furniture, smart home technology and the option of daily rental. This property sold at the asking price.
2 bedrooms/2.5/bathroom/1,265 square feet
This two-bedroom corner unit in Reach in downtown Brickell sold for $40,000 below asking price.
To read last week’s listings, click here.