Grapetree Townhouse Homes for Sale

Grapetree Townhouse is a residential community in Key Biscayne, Florida.

Pure Equity Realty covers Grapetree Townhouse and the Key Biscayne area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows a single listing for Grapetree Townhouse Key Biscayne homes for sale as of October 2026. The median asking price is $1.57M.

That is 41% below the Key Biscayne median of $2.65M. On a per-foot basis, homes here ask about $1,122 per square foot, roughly in line with the city at $1,161. So the median price buys roughly 1,400 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 100 days on the market. That is faster than the Key Biscayne average of 130 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Grapetree Townhouse date from 1974, so they are about 52 years old.

All of these homes predate Florida's 2002 statewide building code. So roof age, window protection and the wind mitigation report matter a great deal for insurance.

In addition, most Florida insurers ask for a four-point inspection on homes 30 years or older. It covers the roof, electrical, plumbing and HVAC. Updated systems usually make coverage easier to place.

Rentals in Grapetree Townhouse have a median asking rent of $5,750 per month, across 1 active rental listing. For comparison, the Key Biscayne median is $8,500, so rents here run 32% lower.

You can browse current Key Biscayne rentals or ask us for a rent estimate on a specific Grapetree Townhouse home.

Here is what the median Grapetree Townhouse price means in Florida closing terms. At $1.57M, a 20% down payment comes to about $315,000, leaving a loan near $1.26M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $4,410. Next, the intangible tax of 0.2% adds about $2,520. Buyers normally pay both at closing.

On the seller side, Miami-Dade charges deed stamps of 60 cents per $100 on a single-family home, about $9,450 at this price. Condos and other property types pay a higher rate.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent Grapetree Townhouse listings show assignments to Key Biscayne K-8 (elementary), Ponce De Leon (middle) and Coral Gables (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.