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161 Cape Florida Drive, Key Biscayne FL 33149
About this home
Best-priced waterfront residence on Key Biscayne, offering an exceptional 100 feet of water frontage and a true boater's paradise. Tucked away on one of Paradise Island's most private and exclusive streets, this extraordinary residence is where contemporary design meets the serenity and exclusivity of life on the water. Thoughtfully and completely remodeled, including a brand-new roof, the home is bathed in natural light, enhanced by soaring ceilings, and showcases a sophisticated open-concept floor plan designed for both effortless everyday living and exceptional entertaining. Expansive social spaces flow seamlessly to a spectacular outdoor oasis featuring a resort-style pool, generous sun-drenched terraces, and a fully equipped summer kitchen…creating the perfect backdrop for unforgettable gatherings. Designed with both luxury and versatility in mind, the residence offers four spacious ensuite bedrooms, four full bathrooms, a powder room, and a cabana bath. A private office and a dedicated gym provide exceptional flexibility and can easily be transformed into a fifth bedroom, guest suite, media room, or additional living space to suit your family's lifestyle. Situated on a wonderful 14,500 SF lot, this remarkable property offers an extraordinary sense of privacy. Modern, refined, and impeccably appointed, this is more than just a home…it is a private waterfront sanctuary where timeless architecture, elegant interiors, and the beauty of island living come together as one.
Features
- First Floor Entry
- Built-in Features
- Closet Cabinetry
- Other
- Pantry
- Skylight
- Volume Ceilings
- Walk-In Closet(s)
- Den/Library/Office
- Family Room
- Media Room
- Storage
- Utility/Laundry In Garage
- Barbeque
- Lighting
- Open Balcony
- Canal
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $75,798
- HOA
- None
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.