Unlock Key Biscayne Real Estate

Contact Us 305 960-5317

It Is A Seller’s Market! | Home Sells $106,000 Above Asking On Key Biscayne

February 21st, 2014 Written By Dominique Duque

Key Biscayne Sold Home

If you are a home buyer on Key Biscayne (or anywhere in Miami for that matter), you are very aware that the market is tipped in the seller’s favor.  The combination of low inventory and rising values is causing a frenzy over every new property that hits the market.

The perfect example of this scenario is 211 Greenwood Drive on Key Biscayne.  This home came on the market January 10th of this year at a list price of $1,499,000.  The home received multiple offers and closed well above asking price for $1,605,000. Why did this home generate so much interest?  It was one of the only properties for sale on Key Biscayne listed under $1,500,000.  211 Greenwood offered 2,611 square feet of living space with 5 bedrooms and 3 baths on a 7,500 square foot lot.  Broker was Fortune.

As of today, there are 60 homes listed for sale on Key Biscayne.  The median home is listed for $3,825,000 and offers 5 bedrooms, 5 baths with 3,953 square feet of living space.  The median list price is currently $995.00 per square foot.

If you are curious about the value of your Key Biscayne home in today’s changing market, please feel free to contact me at 305-766-7666 or provide your information on our contact page and we will get back to you shortly.

We know the Key Biscayne real estate market and track the sales so that our clients make informed, knowledgeable decisions.  If you are interested in working with a Realtor who specializes on Key Biscayne, please contact us here.

Don’t Miss Today’s News From Our Other Miami Real Estate Blogs!

Comments are closed.

Copyright ©     Log in     Design by Real Estate Tomato     Powered by Tomato Real Estate Blogs