Island House Apt Inc Co Homes for Sale

Island House Apt Inc Co is a residential community in Key Biscayne, Florida. Active listings are currently priced from $1.2M–$3.6M.

Pure Equity Realty covers Island House Apt Inc Co 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 6 Island House Apt Inc Co Key Biscayne homes for sale as of October 2026. The median asking price is $2.05M. Asking prices run from $1.22M to $3.75M.

That is 18% below the Key Biscayne median of $2.48M. On a per-foot basis, homes here ask about $1,114 per square foot, roughly in line with the city at $1,150. So the median price buys roughly 1,850 square feet of living area.

Listings here have averaged 73 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 Island House Apt Inc Co date from 1961, so they are about 65 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.

Condo buyers should also know Florida's 2022 condo safety law. It requires milestone structural inspections for buildings three stories or taller as they age. It also requires a structural integrity reserve study. Before you sign, request both reports and the current reserve balance.

Island House Apt Inc Co is a condo building. Also request the association budget, recent minutes and any special assessments before you sign.

Rentals in Island House Apt Inc Co have a median asking rent of $11,500 per month, across 1 active rental listing. For comparison, the Key Biscayne median is $7,900, so rents here run 46% higher.

You can browse current Key Biscayne rentals or ask us for a rent estimate on a specific Island House Apt Inc Co home.

Here is what the median Island House Apt Inc Co price means in Florida closing terms. At $2.05M, a 20% down payment comes to about $410,000, leaving a loan near $1.64M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $5,739. Next, the intangible tax of 0.2% adds about $3,279. 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 $12,297 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 Island House Apt Inc Co 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.