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Buildings/Key Biscayne/KEY COLONY

Premium

KEY COLONY

251 Crandon blvd, Key Biscayne 33149

★ 4.6

1979

Year Built

312

Units

CI Score

Moderate

For Sale

$1.9M

Avg Price

$724

Sale $/SF

For Rent

$6,825

Avg Rent

$5.55

Rent $/SF

-4.5%

YoY

For Sale

For Rent

Investor-Owned

71%

Avg HOA

$965.5/mo

Building Details

Address

251 Crandon blvd, Key Biscayne, 33149

Neighborhood

Key Biscayne

Year Built

1979

Total Units

312

Avg Unit Sqft

1,689 SF

Tier

Premium

Avg $/SF

$724.43

Avg Rent

$6,825/mo

Rent $/SF

$5.55/SF

HOA Range

$961 – $970

Google Rating

4.6 (17 reviews)

Neighborhood Rank

Top 100%

Avg Unit Value

$1.2M

Total Sales (All-Time)

1,239

Phone

(305) 361-9351

Visit Building Website →

Investment Analysis

Yield Metrics

Rental Yield (annualized)7.5%

YoY Appreciation-4.5%

Total Yield76.2%

Median Rent$6,825/mo

YoY Rent Change+6.6%

YoY Sale $/SF Change-6.7%

Liquidity & Demand

Closed Sales (120d)3

Days on Market92 days

Months of Inventory1.3

Sale-to-List Ratio1.0%

Price Reduction Rate100%

Investor-Owned71%

For Sale1

For Rent6

Top 100%

Neighborhood percentile

Market Data

Sale Price Trend ($/SF)

$679

-4.7%

Rental Price Trend ($/SF)

$4.43

-3.3%

Building Activity

Days on Market

days

Sitting longer

Months of Inventory

1.3

months

Low supply

Sale-to-List Ratio

96.0%

Fair negotiation

Price Reductions

100%

of listings

Many price cuts

Closed Sales (120d)

transactions

Moderate activity

Median Rent

$6,825

/month

Sales & Listings

Active Listings

For Sale (1)

$1.9M

3 bd2 ba1,546 sf

For Rent (6)

$6K

Unit 235

2 bd2 ba1,546 sf

$4/SF7 DOM

$6K

2 bd2 ba1,532 sf

$4/SF101 DOM

$7K

Unit 202

2 bd2 ba1,464 sf

$5/SF31 DOM

$8K

Unit 1105

2 bd2 ba1,368 sf

$6/SF1 DOM

$8K

Unit 1228

2 bd2 ba1,532 sf

$5/SF123 DOM

$9K

Unit 141

2 bd2 ba1,532 sf

$6/SF32 DOM

Recent Sales

Date	Price	$/SF	Bed/Bath	SF
Mar 19, 2026	$995K	$649.48	2/2	1,532
Mar 3, 2026	$1.1M	$707.87	2/2	1,532
Dec 18, 2025	$1.3M	$848.56	2/2	1,532
Sep 26, 2025	$1.4M	$926.89	2/2	1,532
Sep 26, 2025	$1.4M

Units & Ownership

Total Units

312

Avg Sqft

1,689 SF

Avg Assessed

$962K

Owner-Occupied

29%

Tax & Ownership

Investor-Owned

71%

Owner-Occupied

29%

Avg Assessed Value

$962K

Avg Taxable Value

$946K

Effective Year Built

1979

Zoning

5000

Unit Mix

1 BR1

Avg 1,368 SF

2 BR299

Avg 1,637 SF

3 BR6

Avg 2,832 SF

4 BR5

Avg 3,509 SF

Unknown1

Unit Directory

Showing 10 of 312 units

Unit	Beds	Baths	SF	Assessed	Owner	Last Sale	$/SF	Sale Date
—	—	—	—	—	—	—	—	—
100	2	2	2,002	$1.3M	✓	$1.9M	$974	Jun 2023
104	2	2	1,532	$1.0M	—	$683K	$445	May 2014
105	2	2	1,724	$1.2M	✓	$1.5M	$870	May 2022
106	2	2	1,546	$783K	—	$515K	$333	Jan 2008
107	2	2	2,014	$956K	✓	$1.1M	$571	Jan 2016
108	2	2	1,532	$783K	—	$510K	$333	Oct 2008
109	2	2	1,590	$1.1M	—	$820K	$516	Feb 2021
110	2	2	1,590	$915K	—	$634K	$399	Dec 2010
120	2	2	1,451	$783K	—	$152K	$105	Aug 2016

Brokerage	Agents	Sales	Volume
EWM Realty International	10	36	$42.1M
Fortune International Realty	6	21	$26.9M
Coldwell Banker	8	17	$21.3M
ONE Sotheby's International Realty	9	12	$14.8M
Compass	7	7	$9.0M

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KEY COLONY

Building Details

Investment Analysis

Yield Metrics

Liquidity & Demand

Market Data

Sales & Listings

Units & Ownership

Active Agents

Brokerages

Photos

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