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Significant Sale | 240 Harbor Drive Sells For $9,170,000

June 17th, 2014 Written By Riley Smith

Waterfront Home on Key Biscayne

The spectacular waterfront home located at 240 Harbor Drive on Key Biscayne closed recently for a sale price of $9,170,000.  This home had been on and off the market for the past 3 years.  It started at a list price of $8,800,000 back in 2011, then it was taken off the market, only to come back on the MLS at a list price of $10,270,000 a year later.  At the time it went under contract it was listed for $10,470,000.  Listing agent was Brigitte Nachtijall of Great Properties International.

Details of the home included 5,701 square feet of living area on a 20,000 square foot lot with 4 bedrooms, 5 bathrooms.

Why Is This Sale Important? 

This sale places in the top 3 highest sale prices we have seen on Key Biscayne so far in 2014.  The other two were located on Mashta Island – they sold for $10,000,000 and $9,800,000.  It is also the second highest “sale price per square foot” figure on Key Biscayne this year coming in at $1,608.00/sq. ft. (the highest was 520 South Mashta Drive which closed for $2,396.00/sq. ft.).

If you are looking for a Realtor who specializes in Key Biscayne real estate, please don’t hesitate to contact us.  We study and analyze the market so that our clients make informed and confident decisions.  If you are interested in contacting us, please send us a message here.

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