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Key Biscayne Real Estate: Opportunities in a family and safe environment.

by Gastón Laugé - April 15, 2020
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Key Biscayne Real Estate: Opportunities in a family and safe environment.

Key Biscayne is and has been one of the most exclusive and luxurious areas of Miami to live or vacation. The island just 10 minutes from downtown Miami offers properties with spectacular views, efficient services, luxury, comfort, a perfect family life, education and security.

Because it is an island, in Key Biscayne everything is close and concentrated, such as shopping and recreation sites such as clubs, sports fields, parks and beaches, as well as a school for children. And it could not be otherwise, because the total surface of the island is just 1.35 square miles, between the mainland and aquatic spaces.

Most people think Key Biscayne is perhaps one of the quietest places you can find in all of South Florida. It is an island of green vegetation, elegant buildings and houses, vast avenues with zero tourist bustle, and with the most incredible panoramic views and sunsets that you really fall in love with.

Key Biscayne currently has more than 14,000 residents, most of whom are white, Latino, Spanish, and immigrants of other nationalities who settled down on this part of Florida. In this calm and friendly international community, retired people, young professionals and enterprising executives converge with their families. The community moves entirely on golf carts, making this experience even more enjoyable.

At a tourist and recreational level, the island is surrounded by charming places to visit such as the Miami Seaquarium, Crandon Park (where the famous Miami Tennis tournament was played, now moved to the Hard Rock Stadium in Miami Gardens), and the spectacular Bill Baggs State Park, where you can find the famous and historic lighthouse on the island.

Real estate and residential properties.

This area is characterized by having properties for all tastes. Geographically, we have practically half of the island with super luxury houses and on the other side, residential condominiums with waterfront towers.

There are currently 111 3-bedroom, 1-bath homes for sale, up to 4,5 and 6-bedroom properties, priced between $ 1 million and $ 18 million. All with large interior spaces, green gardens and in some cases, direct views of the water, the city and private marinas.

As for condominium towers we can mention some of the most important and emblematic. We are referring to the Key Colony complex, Ocean Club, and the most modern and exclusive tower, called Oceana Key Biscayne. We also have other great communities like The Towers, Commodore Club and Grand Bay, just to mention the most iconic in the industry today.

All offer private access to the beach for swimming or sunbathing, without the need to leave your home. There, by the way, Miami Residential has various real estate offers according to the needs, tastes and possibilities of each owner.

Properties in Key Colony

Key Colony Key Biscayne is an 80s condo complex made up of four comfortable, modern and luxurious buildings: Key Colony I Tidemark, Key Colony II OceanSound, Key Colony III Emerald Bay and Key Colony IV Botanica. Each of these buildings is part of the attractive luxury residential complex.

In some cases, Key Colony condos allow flexibility in short-term rentals. Generally, it can be rented for a minimum of one to three months in any of the Key Colony buildings with the exception of Botanica, which also allows weekly rentals.

In this quiet community, the spacious balconies between 300 and 500 square feet and the most beautiful views of the sea, in certain cases, as well as downtown Miami and Key Biscayne stand out.

Key Colony has common areas that include a private beach with chair and umbrella services, restaurant, small market, Olympic swimming pool, tennis courts, gym, social room, walking or jogging pet friendly path, picnic and children’s play area, also exclusive areas for vehicle washing and bicycle storage.

Here are some characteristics of the 4 towers…

Key Colony I / Tidemark currently has 20 units for sale from $ 440,000 to $ 2,700,000 and 11 for rent, from $ 2,195 to $ 8,000. The average price per square foot is $ 714.

Key Colony II OceanSound has 310 residential units, and there are currently 14 for sale and 4 for rent. These 1,590 to 3,780 square foot 3-bedroom, 2-bathroom units range in price from $ 895,000 to $ 2,975,000. The average price per square foot is $ 644.

Key Colony III Emerald Bay has 285 residences spread over 12 floors. They are 1, 2, 3 and 4 bedroom units, ranging from 1103 to 3771 square feet. There are currently 18 units for sale, ranging in price from $ 620,000 to $ 1,750,000 and 10 other units for rent from $ 2,900 to $ 6,900. The average price per square meter is $ 556.

Key Colony IV Botanica is another spectacular building with just 4 floors with several lobbies and 291 residences, which also offers different floor plans of different sizes. They range from 810 to 3,440 square feet.

Key Colony Botanica has 14 apartments for rent, from $ 2,450 to $ 6,500 and allows renting per week, the other buildings from 1 to 3 months minimum.

Ocean Club Residences

This luxury residential complex is a cozy beachfront condominium made up of a set of eleven buildings with a total of approximately 800 units of 1 to 5 rooms. They are six medium-rise buildings (5 to 6 floors called Lake Villas and Resort Villas) and five other 16 to 20-story buildings.

More than 50% of the condominium surface (52 acres), is dedicated to common open spaces. This includes the beautiful private lake that spans five acres, as well as beautiful gardens and trails. Ocean Club has nine pools in total, including the wonderful Grand and Beach pools.

The towers that make up the condominium are: Club Tower I, II and III. Lake Tower, Lake Villa I, II and III, Ocean Tower I and II and finally Resort Villas I and II.

Some of the most outstanding characteristics of this condominium are its large swimming pools and the exclusive club with restaurant, gym and activities for children and adults, as well as the services of oceanfront cabanas with capacity for grill.

The Ocean Club occupies a total area of ​​52 acres / 21 hectares. Its 1,000 feet of oceanfront beach is one of Ocean Club Key Biscayne’s biggest draws. It also has the always cheerful Ocean Club Beach Club, a private area for the fun and recreation of residents and their guests of about 20,000 feet.

This beach club consists of a bar / lounge, dining room, board game room, business center, an outdoor dining terrace, a member-only lounge, women’s and men’s spa, fitness center, and beauty salon.

At Ocean Club Key Biscayne, you’ll find cozy beach cabanas, a picnic area, and a full-service pool. It has eight clay tennis courts, with a bar / lounge, a golf shop, changing rooms and coaches.

The apartments are spacious and there are many still for sale and rent in any of the eleven buildings. They are 1 to 5 bedroom units with an area ranging from 1,310 square feet to 6,914 square feet.

Oceana Key Biscayne

Oceana Key Biscayne is a condominium consisting of only 154 super exclusive residences, the majority with direct ocean view, distributed in 14 floors, whose apartments have a floor area that goes from 1828 to 8251 square feet. Its balconies are also very spacious and offer, in addition to its pleasant sea breeze, one of the most spectacular views in Miami.

This building made up of linked towers, is the most modern residential building in all Key Biscayne and has units of 2, 3, 4 and 5 bedrooms.

The apartments are quite spacious and of various sizes, from 1,828 to 8,251 square feet of floor area. The price range ranges from $ 2,180,000 to $ 19,890,000.

There are currently 3 apartments for sale priced between $ 3,890,000 to $ 8,500,000 and 5 rental units from $ 9,200 to $ 17,000. They have an average listing of $ 1,826 per square foot.

The most outstanding amenities of this condo are its large windows from floor to ceiling, adorned by large balconies. They are apartments with fine floors and very modern kitchens, as well as their European-style bathroom cabinets.

The building has a 24-hour concierge service, 2 oversized beachfront pools, a tennis court, a party room, a spa, and a charming children’s center. The condo’s private beach is 500 feet in front.

Rental restrictions

Both Oceana and Ocean Club, as well as Casa del Mar, Commodore Club, The Sands, The Towers, although they have different short rental restrictions, and only allow 1 to 3 months of minimum rent. While Grand Bay allows weekly rental.

Education

Something very important about Key Biscayne is that it has one of the best public schools in the area. The Key Biscayne K-8 Center, which serves the entire island community, was rated by the Florida Department of Education as a class “A” school. And located on the next island, Virginia Key, we have the prestigious “Mast Academy” school for children from 6th to 12th grade.

The Community Center is another advantage of living in Key Biscayne, as it offers services for adults and children. It has a modern gym, Olympic swimming pool, basketball and soccer fields, social lounges and areas where gymnastics, swimming, art, theater, film screening, video games are held, and is only two blocks from the public school K -8.

Key Biscayne is an excellent investment

If you are interested in any of these condos or houses in the Key Biscayne area, just call any of our Miami Residential Group real estate agents, they will be able to offer you more details about their benefits and purchase or rental conditions.

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