How much do condos under $500,000 cost in Key Biscayne?

The 6 condos under $500,000 for sale in Key Biscayne on this page ask from $419,000 to $495,000, a median of $454,500 or about $712 per square foot, from BeachesMLS listings as of November 8, 2026. Asking prices are not sale prices: the Key Biscayne housing market report shows what homes closed for.

How many condos under $500,000 are for sale in Key Biscayne right now?

6 condos under $500,000 are listed for sale in Key Biscayne as of November 8, 2026, and the typical one has been on the market 123 days; 4 of them have cut the asking price since listing. The list refreshes from the MLS through the day, and the alert on this page sends each new one the day it lists.

Which Key Biscayne communities have condos under $500,000 for sale?

Cay Polynesia (2, median $454,500) and Galen Drive (2, median $470,000) hold the most condos under $500,000 for sale in Key Biscayne today. The rest are spread across 2 more communities.

What are the association fees on condos under $500,000 in Key Biscayne?

The median association fee on the condos in this search is $531 a month, from $250 to $761, as the listings state them as of November 8, 2026. The fee depends on what the association covers, from insurance and reserves to staff and amenities; we read the budget, the reserve study and any assessment before you offer.

Key Biscayne Condos for Sale Under $500,000

Find the Key Biscayne condo that fits your life, with the association, the fees and the offer understood before you commit.

Live BeachesMLS listings matching this search in Key Biscayne, Florida, updated throughout the day.

The entry end of the Key Biscayne condo market is small and specific. It sits mostly in older buildings on Galen Drive and Sunrise Drive, with Cay Polynesia among the names, and the apartments are studios and one-bedrooms in buildings from the sixties. Buyers are usually first-time island owners, people who want a base near the beach and the parks, or investors in buildings that allow leasing. A low price here comes with an older building, so ask for the milestone inspection, the structural integrity reserve study and any planned assessment, and check early whether lenders will finance the building. Across Florida, buildings of this age have met large repair bills after their first structural inspection, and every owner shares that cost, so budget for it before you commit to a Key Biscayne apartment.

6 listings, newest first.

The 6 listings on this page run from $419,000 to $495,000, with a median of $454,500, about $712 per square foot, and they have been listed a median of 123 days.

The communities with the most listings here are Cay Polynesia (2) and Galen Drive (2), 4 of the 6; the others are spread across 2 more communities. All of them are condos. Bedrooms run from studios to 1, a median of 1; they were built between 1964 and 1968, a median of 1966. 1 of the 6 have a pool, and 2 are on the water.

Ask About These Key Biscayne Condos Under $500,000

Tell us which of these homes you want to see, or what you are looking for that is not here, and a Key Biscayne agent replies with the homes that fit, the questions to ask about each and a time to see them. Call or text (786) 914-1017 or send the form on this page.

Key Biscayne Condos Under $500,000: What Is on the Market

What the 6 condos under $500,000 for sale in Key Biscayne tell you about this market, counted from the listings on this page as of November 8, 2026. Every figure moves with the inventory. Ask about any of these homes or request a showing from this page.

Listings on this page	6
Asking prices	$419,000 to $495,000
Median asking price	$454,500
Median price per square foot	$712/sq ft
Median living area	667 sq ft
Bedrooms	Studio to 1, median 1
Year built	1964 to 1968, median 1966
Median association fee (condos)	$531/mo
Median days on market	123 days
Listings with a price cut	4 of 6
With a pool	1 of 6
On the water	2 of 6
With ocean access	1 of 6

Communities With the Most Listings

Community	Listings	Median asking price
Cay Polynesia	2	$454,500
Galen Drive	2	$470,000

Counted from the listings on this page, BeachesMLS, as of November 8, 2026. Asking prices, not sale prices. Not an appraisal.

Key Biscayne Condos Under $500,000: Questions Buyers Ask

How much do condos under $500,000 cost in Key Biscayne?: The 6 condos under $500,000 for sale in Key Biscayne on this page ask from $419,000 to $495,000, a median of $454,500 or about $712 per square foot, from BeachesMLS listings as of November 8, 2026. Asking prices are not sale prices: the Key Biscayne housing market report shows what homes closed for.
How many condos under $500,000 are for sale in Key Biscayne right now?: 6 condos under $500,000 are listed for sale in Key Biscayne as of November 8, 2026, and the typical one has been on the market 123 days; 4 of them have cut the asking price since listing. The list refreshes from the MLS through the day, and the alert on this page sends each new one the day it lists.
Which Key Biscayne communities have condos under $500,000 for sale?: Cay Polynesia (2, median $454,500) and Galen Drive (2, median $470,000) hold the most condos under $500,000 for sale in Key Biscayne today. The rest are spread across 2 more communities.
What are the association fees on condos under $500,000 in Key Biscayne?: The median association fee on the condos in this search is $531 a month, from $250 to $761, as the listings state them as of November 8, 2026. The fee depends on what the association covers, from insurance and reserves to staff and amenities; we read the budget, the reserve study and any assessment before you offer.

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Thinking About Selling Your Key Biscayne Condo?

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