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Waterfront · Single Family Residence
$27,900,000$3,046 / sqft
241 Cape Florida Dr, Key Biscayne FL 33149
Listed
8
Bedrooms
9
Bathrooms
9,159 sqft
Interior
1990
Year built
None
HOA
Single Family Residence
Type
About this home
Spectacular contemporary estate set on a coveted cul-de-sac along Cape Florida Dr., one of Key Biscayne’s most prestigious and private addresses. Situated on a 23,724 sq ft lot with +250 ft of waterfront and an elevation of 8.71 ft above sea level, this home offers 8 bedrooms (including a guest suite and 2 staff quarters), 8.5 baths, a private dock, boat lift, and resort-style pool. A grand foyer with soaring ceilings introduces an architectural masterpiece designed by renowned architects and built by Interscope. Additional features include an elevator, a full-home generator, a reinforced concrete seawall, a 2-car garage plus a porte-cochere for 4 cars, and a driveway for 8+ cars. Discover the exceptional potential of this unique estate—a perfect blend of elegance, privacy, and premier waterfront living.
Features
- Elevator
- Fire Sprinklers
- Entrance Foyer
- Pantry
- Walk-In Closet(s)
- Family Room
- Garage Converted
- Separate Guest/In-Law Quarters
- Maid/In-Law Quarters
- Utility Room/Laundry
- Ocean
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 8-bed rentals across Miami-Dade, from 9 active listings; the middle half ask $35,000–$150,000.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter 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. We are not a lender and neither offer nor arrange financing. 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.