Lake Tower Condo Homes for Sale

Lake Tower Condo is a residential community in Key Biscayne, Florida. Active listings are currently priced from $2.9M–$2.9M.

Pure Equity Realty covers Lake Tower Condo 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 2 Lake Tower Condo Key Biscayne homes for sale as of October 2026. The median asking price is $2.98M. Asking prices run from $2.85M to $3.1M.

That is 11% above the Key Biscayne median of $2.69M. On a per-foot basis, homes here ask about $1,049 per square foot, compared with $1,181 across Key Biscayne. So the median price buys roughly 2,850 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 220 days on the market. That is slower than the Key Biscayne average of 131 days. Because of that, buyers often have more room to negotiate on price, repairs or closing costs.

Homes listed in Lake Tower Condo date from 2002, so they are about 24 years old.

Every one of these homes went up after Florida adopted its statewide building code in 2002. In practice, that usually means impact-rated openings and stronger roof attachment. A wind mitigation inspection documents those features, and Florida insurers must offer premium discounts for them.

Rentals in Lake Tower Condo have a median asking rent of $16,500 per month, across 1 active rental listing. For comparison, the Key Biscayne median is $8,500, so rents here run 94% higher.

You can browse current Key Biscayne rentals or ask us for a rent estimate on a specific Lake Tower Condo home.

Here is what the median Lake Tower Condo price means in Florida closing terms. At $2.98M, a 20% down payment comes to about $595,000, leaving a loan near $2.38M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $8,330. Next, the intangible tax of 0.2% adds about $4,760. 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 $17,850 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 Lake Tower Condo 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.