Key Biscayne,key,biscane,keybiscaine,keybiscaynew! home sales 2004
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Houses on Key Biscayne - Sales 1/1/04 - 8/1/04
Houses on Key Biscayne have been selling at a record rate for record prices.
Key Biscayne Home sales

ADDRESS
135 Woodcrest Lane
119 West McIntyre Street
736 Woodcrest Road
215 Cranwood Drive
220 Cypress Drive
455 Woodcrest Road
691 Warren Lane
654 Hampton Lane
153 Harbor Drive
618 Curtiswood Drive
760 Myrtlewood Lane
401 Woodcrest Road
240 West McIntyre Street
435 Glenridge Road
544 Allendale Road
758 Curtiswood Drive
390 West Heather Lane
276 West Wood Drive
365 Atlantic Road
250 Cypress Drive
240 Glenridge Road
686 Harbor Lane
425 Harbor Drive
415 Hampton Lane
455 Hampton Lane
325 Gulf Road
311 Island Drive
541 South Mashta Drive
275 Ridgewood Road
265 West Enid Drive
422 Woodcrest Road
472 Ridgewood Road
301 West Heather Drive
270 Buttonwood Drive
350 Woodcrest Road
231 Island Drive
400 Woodcrest Road
270 Ridgewood Road
545 Hampton Lane
442 Woodcrest Road
341 Palmwood Lane
570 Warren Lane

 
Sale Price
650,000
650,000
652,325
679,000
694,000
700,000
734,775
775,000
800,000
827,000
830,000
830,000
845,000
850,000
850,000
890,000
892,500
910,000
930,000
932,000
939,000
940,000
940,000
1,150,000
1,180,000
1,190,000
1,200,000
1,260,000
1,421,000
1,505,000
1,509,000
1,533,000
1,550,000
1,550,000
1,575,000
1,575,000
1,600,000
1,600,000
1,790,000
1,800,000
1,827,000
1,850,000

 
Bedrooms
3
2
2
4
4
4
4
4
4
3
4
4
4
4
3
3
4
4
3
3
2
4
3
4
5
5
4
5
5
6
6
6
6
5
6
5
6
4
6
6
5
6

 
Full Baths
2
1
1
2
2
2
2
3
2
1
3
2
3
4
2
2
3
4
3
3
2
3
2
4
4
4
3
5
5
5
4
5
6
5
5
4
6
5
5
6
5
6

 
SqFt.LA
1237
1138
1246
2100
1857
1899
2336
2208
2138
1363
2059
1780
2195
3083
1877
1840
2575
2743
2231
2411
1916
0
1611
2388
3558
3310
2639
3394
3897
4000
3972
4000
0
3525
4942
4016
0
3792
4421
4338
4050
3600

 
Lot SqFt.
7500
9312
7673
7500
7500
7681
7478
7500
7999
9423
7500
8240
8127
7836
7615
10200
7590
8500
11900
8407
9689
8543
9449
7646
7646
12288
12000
10000
7778
7500
7540
7652
0
7942
7377
12000
8965
7604
7843
7669
7500
7600

 
Closed Date
3/3/04
5/28/04
2/12/04
2/9/04
6/3/04
6/8/04
3/30/04
1/29/04
5/20/04
3/15/04
4/16/04
6/14/04
3/31/04
4/6/04
7/16/04
4/12/04
1/4/04
5/28/04
6/30/04
4/26/04
5/4/04
5/21/04
3/16/04
4/29/04
5/25/04
6/30/04
1/27/04
6/13/04
6/8/04
6/25/04
5/10/04
6/10/04
6/22/04
7/21/04
4/30/04
7/15/04
4/30/04
7/15/04
4/30/04
1/12/04
7/19/04
7/9/04

 

 

Of the current pending sales, The average home on Key Biscayne cost $1,176,384.62, it has an average of
4 bedrooms, and 3 full bathrooms with the average living area being 2624 sq.ft. and the average lot size being
8,529 sq.ft.  The average living area of the Key Biscayne properties listed above cost $448.32 per sq.ft., and
the average price for the square footage of the property is $137.94.
Even more interesting than this, is the contrast of the averages on the numbers between the Pending Sales, and the houses on
Key Biscayne  that sold from January 1,2004 until August 1,2004.  Here is the breakdown.


 
 
Avg.'Pending' Sale (Aug.2004)
Avg.SqFt.LA
Avg.SqFt.LA Cost
Avg.SqFt Lot
Avg.SqFt. Lot Cost
$1,176,384.62
2624
$448.32
8,528
$137.94
Avg. 'Sold' (Jan. - Aug.2004)
Avg.SqFt.LA
Avg.SqFt.LA Cost
Avg.SqFt Lot
Avg.SqFt. Lot Cost
$1,118,390.24
2761
$405.07
8,780
$131.89

Interesting that the Key Biscayne Houses that sold between January 1 - August 1 of 2004 sold for an average of
$57,994.38 less than the current pending sales pointing to an increase in demand and what homeowners are
willing to pay for a house on Key Biscayne.
The average square footage of the living area shows that the homes that have sold had an average of 137 square feet more
than the current pending sales of Key Biscayne houses and that the houses
that sold on Key Biscayne in the first 8 months of the year cost $43.25 per square foot less than those currently
pending sales on average.
Regarding the Average lot size, the Key Biscayne houses that sold in this same period of time, the houses on Key
Biscayne that sold between January 1,2004 and August 1,2004 had an average larger lot size by 137 square feet.
The average appreciation of each square foot of the lot is $6.05.
As the number of Houses on Key Biscayne for sale continues to fall, one could anticipate that this trend could
continue through the end of this year and into the next.  In other words, these numbers indicate that people
are paying more per square foot for smaller homes and smaller lots.
Since the first families moved to Key Biscayne in the 1950s, this trend has continued.

Interested in buying or selling a home on Key Biscayne? Depend on someone who specializes only on the island of Key Biscayne.
Call or email Kathy Dziura of Key Life Realty for details at 305 361 1189

The Key Biscayne Houses 'pending sales' August 2004 page, prices and table. Click here.

Stay on the Key
Click the Hammock
Weekly condo rentals Ph.305-361-1189


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