The Palms Of Key Biscayne Homes for Sale

The Palms Of Key Biscayne is a residential community in Key Biscayne, Florida. Active listings are currently priced from $765K–$770K.

Pure Equity Realty covers The Palms Of Key Biscayne 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 The Palms Of Key Biscayne Key Biscayne homes for sale as of October 2026. The median asking price is $768,000. Asking prices run from $765,000 to $770,000.

That is 71% below the Key Biscayne median of $2.69M. On a per-foot basis, homes here ask about $695 per square foot, compared with $1,181 across Key Biscayne. So the median price buys roughly 1,100 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 97 days on the market. That is faster than the Key Biscayne average of 131 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in The Palms Of Key Biscayne 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 The Palms Of Key Biscayne have a median asking rent of $4,000 per month, across 3 active rental listings. For comparison, the Key Biscayne median is $8,500, so rents here run 53% lower.

You can browse current Key Biscayne rentals or ask us for a rent estimate on a specific The Palms Of Key Biscayne home.

Here is what the median The Palms Of Key Biscayne price means in Florida closing terms. At $768,000, a 20% down payment comes to about $154,000, leaving a loan near $614,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $2,149. Next, the intangible tax of 0.2% adds about $1,228. 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 $4,605 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 The Palms Of Key Biscayne 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.