CAPE FLORIDA SUB SEC 3

31 Island Dr, Key Biscayne FL 33149

6 beds · 6.5 baths · 5,826 ft²

For Sale · Active Listing

$9,800,000

10.91%

Est. Payment $52,160/mo

MLS Sheet Video

Bedrooms

6.5

Bathrooms

5,826

Sq. Ft.

2004

Year Built

Garage

382

Days on Market

Description

Exceptional Estate in Key Biscayne. Discover an extraordinary opportunity to own a stunning modern residence on over 19,000 sq ft lot—an exceptional find in the heart of Key Biscayne. This expansive property offers a generous backyard, perfect for outdoor living, entertaining, or creating a private oasis where kids can play freely. The home features 6 bedrooms, 6.5 bathrooms, a dedicated office, and high ceilings that enhance the bright, open ambiance. Designed with a sleek, modern aesthetic, the interior boasts luxurious finishes and thoughtful amenities, including a wine cellar, pool, and a 2-car garage. Located on a quiet street, this residence blends privacy with convenience. Experience the best of island living with unparalleled space and style.

Facts

MLS#: A11782945
Subdivision: CAPE FLORIDA SUB SEC 3
Property Type: Residential
Property Sub Type: Single Family Residence
Year Built: 2004
Lot Size: 19,236 ft²
Sq. Ft.: 5,826 ft²
Sq. Mt.: 541 m²
Price per sq. ft.: $1,682/ft²
Price per sq. mt.: $18,115/m²
Stories: —
Garage: 2 spaces
Pool: —
Days on Market: 382 days
Listed: Apr 12, 2025
Last Updated: Apr 29, 2026
Price/Lot Sq.Ft.: $509/ft²

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Market insights for Key Biscayne

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

May 2026

100/100

Buyers marketSellers market

Median days to sold

+4.5%

1-year price forecast (est.)

Price & tax history

From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).

4/29/2026	Price change	$9,800,000-10.9%
4/12/2025	Listed for sale	$11,000,000

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Location

31 Island Dr, Key Biscayne FL 33149Directions

GreatSchools Summary Ratings

Public + private K-12 schools within 5 miles of this listing.

Metzuyan Academy
UG · private · 0.6 mi
Greynolds Park Elementary School
PK,KG,1,2,3,4,5 · public · 0.6 mi
Jacobson Sinai Academy
PK,KG,1,2,3,4,5,6,7,8 · private · 1.0 mi
Yeshiva of Miami Inc.
9,10,11,12 · private · 1.0 mi
BRIDGEPREP ACADEMY OF NORTH MIAMI BEACH
KG,1,2,3,4,5,6,7,8 · charter · 1.1 mi
Yeshiva Toras Chaim
9,10,11,12 · private · 1.3 mi
North Miami Beach Senior High School
9,10,11,12 · public · 1.3 mi
Madie Ives K-8 Preparatory Academy
PK,KG,1,2,3,4,5,6,7,8 · public · 1.3 mi
Musketeer Community Learning Center
1,2,3,4,5,6,7,8,9,10,11,12 · private · 1.3 mi
The Victory School
UG · private · 1.3 mi

Estimated Monthly Payment

$60,476/mo

Principal & Interest

$52,160

Property Tax

$8,167

Insurance

$150

HOA

Down Payment20% ($1,960,000)

Interest Rate7.00%

Loan Term30 years

Property Tax Rate1.00% (FL avg ~1.0%)

HOA / Maintenance$0/mo

Insurance$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Sales Associate | Sunland Group

(954) 833-0020 info@rangelyadames.com

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