You know what they say, “If that were true, I wouldn’t be proud.”
And in fact, Key Biscayne remains one of the most expensive zip codes in the state, with a median closing home sales price of $1.45 million in 2024, according to a study released this month by Property Shark.
The village’s zip code, 33149, ranks fifth, but it’s far behind Miami Beach’s zip code of 33109, which includes upscale Fisher Island.
The neighborhood’s median sales price was an astonishing $5.75 million, making it the only area in Florida’s top 100 wealthiest ZIP codes (second only to Atherton, Calif., and San Mateo County’s $7.9 million). #4, 2 Regions) Located in Sagaponack and Water Mill, Hamptons, New York. )
According to a report from Property Shark, a leading New York-based real estate data platform, this year has been “a year of cautious recovery for the nation’s leading luxury goods markets. In fact, 67% of the nation’s most luxurious ZIP codes New price records were set in multiple locations, including 33109. ”
Top 5 Most Expensive ZIP Codes in Florida:
1. Miami Beach 33109 (includes Fisher Island) – $5,750,000
2. Coral Gables 33146 – $1,625,000
3. Pinecrest 33156 – $1,550,000
4. Boca Raton 33432 – $1,475,000
5. Key Biscayne 33149 – $1,450,000
The village of Key Biscayne is consistently a top-five spot. For example, going back to PropertyShark Records’ 2016 median sales price, 33149 ranked 4th with a median sales price of $904,500, behind Miami Beach’s $3.4 million (33109). Boca Grande (33921) in Lee County for $1.29 million; and Miami for $1,094,100 (33122).
Miami Beach Fisher Island’s 33109 actually fell one spot in this year’s national rankings, but its median price of $5.75 million set a record. Fisher Island’s ultra-luxury community also recorded its fifth consecutive year of price increases.
Below are some of Key Biscayne’s recent real estate transactions that reflect the current rankings.
– Mashta House: Waterfront mansion on a private peninsula with a cove sold for $47 million and is now listed for $60 million
– 789 Crandon Boulevard 3 bedroom, 4.5 bathroom, 2,500 square foot apartment sold for $3,400,000
– 101 Sunrise Dr. 3 bedroom, 3.5 bathroom, 2,201 square foot apartment in boutique building sold for $2,730,000
– 247 E. Dr. Enid. 3 bedroom, 2.5 bathroom, 1,964 square foot apartment sold for $1,850,000
– 50 Ocean Lane Dr. 3 bedroom, 2.5 bathroom, 1,730 square foot apartment sold for $1,265,000
In May 2022, Key Biscayne ranked #4 in a separate study by Stacker using Zillow for real estate records.
Other important findings from the current SharkProperty research include:
– Florida has been ranked as one of the most exclusive ZIP codes in the country for nine consecutive years.
– Major zip codes in Florida, Boston, and Maryland are all upscale island communities.
– Three Newport Beach, California ZIP codes ranked in the nation’s top 10 list
– 78% of America’s most exclusive ZIP codes are located in the Bay Area, Los Angeles metropolitan area, and New York Metro
– New York City remains the top city for expensive real estate, accounting for 6 of the top 100 ZIP codes
– Los Angeles County, Santa Clara County, and Orange County each claim the highest concentrations at 10 or higher.
Click here for a complete breakdown of the most expensive ZIP codes in the United States.
