ActiveMLS® A11782945

$9,800,000

31 Island Drive, Key Biscayne, FL 33149

Beds: 6
Baths: 7
Sqft: 5,826

Est. payment$60,684/mo

Home type: Single Family Residence
Year built: 2004
Lot size: 19,166 sqft
Price / sqft: $1,682
HOA: $0/mo
Community: CAPE FLORIDA SUB SEC 3

Property 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.

Listing activity

Days on market: 527
Listed: Apr 12, 2025
MLS listing updated: Sep 21, 2026
Feed last checked: 2 minutes ago

Listed by Fernando Gimenez · Gimeza A Real Estate Corp.

Map

Map location is based on MLS-supplied coordinates. Verify the location before relying on it.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 7
Bathrooms (decimal): 6.5
Full bathrooms: 6
Half bathrooms: 1

Rooms & features

Rooms: 2
Interior features: Closet Cabinetry, Other
Flooring: Ceramic Tile, Marble, Tile, Wood
Appliances: Electric Water Heater, Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Other
Laundry: Washer Hookup, Dryer Hookup
Other equipment: Other

Heating & cooling

Heating: Other
Cooling: Ceiling Fan(s), Central Air, Gas, Other

Property

Parking

Garage spaces: 2
Garage: Yes
Covered spaces: 2
Parking features: Attached, Attached Garage, Circular Driveway, Garage
Attached garage: Yes

Exterior

Stories: 2
Building area: 6,762 sqft
Entry level: 1
Exterior features: Balcony, Built-in Barbecue, Other
Fencing: Fenced
Pool: Yes
Pool features: In Ground
View: Garden, Pool
Waterfront property: No

Lot

Lot size: 19,166 sqft
Lot size (acres): 0.44 acres
Zoning: 2000
Road frontage: Public Road

Construction

Type & style

Home type: Single Family Residence
Architectural style: Contemporary
Year built: 2004
New construction: No

Materials

Construction: Block
Roof: Other
Property condition: Resale
Levels: Two
Faces: Southwest

Utilities & green energy

Utilities

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: CAPE FLORIDA SUB SEC 3
MLS area: 2520
Pets allowed: Yes
55+ community: Yes

Association

Has association: No
Estimated monthly dues: $0

Lease details

Not reported by the listing source.

Location

Area details

City: Key Biscayne
County: Miami-Dade
ZIP code: 33149

Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number: A11782945
Possession: Close Of Escrow
Original list price: $11,000,000
Parcel number: 2452050240060
Annual property tax: $59,203
Tax year: 2024
Tax legal description: CAPE FLORIDA SUB SEC 3 PB 79-64 LOT 7 BLK 4 LOT SIZE 114.500 X 168 OR 19839-2820 08/2001 1 COC 22542-4691 08 2004 1

Additional MLS details

Reported by the listing source

Association: No
Bathrooms Total Decimal: 6.5
Bathrooms Total Integer: 7
Building Area Total: 6762
Construction Materials: Block
County Or Parish: Miami-Dade
Days On Market: 527
Direction Faces: Southwest
Elementary School: Key Biscayne K-8
High School: Coral Gables
Laundry Features: Washer Hookup, Dryer Hookup
List Price: 9800000
Listing Contract Date: 2025-04-12
Living Area: 5826
Lot Size Acres: 0.44
Lot Size Area: 19236
MLSArea Major: 2520
Middle Or Junior School: Ponce De Leon
Mls Status: Active
On Market Date: 2025-04-12
Photos Count: 26
Postal Code: 33149
Price Change Timestamp: 2026-04-29T22:13:09Z
Property Sub Type: Single Family Residence
Property Type: Residential
Road Frontage Type: Public Road
Rooms Total: 2
Senior Community: Yes
Standard Status: Active
State Or Province: FL
Status Change Timestamp: 2025-04-12T15:44:11Z
Stories Total: 2
Subdivision Name: CAPE FLORIDA SUB SEC 3
Water Source: Public
Tax Annual Amount: 59203
Bathrooms Full: 6
Pool Private: Yes
Bedrooms Total: 6
Waterfront: No
Bathrooms Half: 1
General Property Information: Senior Community: Yes

Market value

Automated estimate—No licensed valuation source connected

Estimated sales range—Ask Karim for a local market analysis

Estimated rent—No licensed rental valuation source connected

Price history

Date	Event	Price
Apr 12, 2025	ListedMIAMI REALTORS® MLS	$11,000,000$1,888/sqft
Apr 29, 2026	Price reducedMIAMI REALTORS® MLS	$9,800,000$1,682/sqft

Public tax history

Year	Property taxes	Assessment
2024	$59,203	—

Payment calculator

Estimated monthly payment$60,684/moIllustrative estimate, not a loan offer.

Loan typeDown payment (%)Interest rate assumption (%)Loan termInsurance / month

Principal & interest: $50,850
Property taxes: $4,934
Insurance: $4,900
Association dues: $0

Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.

Neighborhood

Area

CAPE FLORIDA SUB SEC 3

Key Biscayne · Miami-Dade County · 33149

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

Key Biscayne K-8Elementary

—

Ponce De LeonMiddle

—

Coral GablesHigh

—

School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

Nearby homes

12 homes