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Single Family Residence
$8,500,000$2,029 / sqft
238 Buttonwood Dr, Key Biscayne FL 33149
Listed
6
Bedrooms
7
Bathrooms
4,190 sqft
Interior
2026
Year built
None
HOA
Single Family Residence
Type
About this home
A unique architectural masterpiece in the heart of Key Biscayne, this brand-new contemporary residence by Praxis Architecture blends modern tropical luxury with exceptional craftsmanship and bespoke European finishes. Set on an oversized 9,000 SF lot, the residence offers 6 bedrooms, 6 full bathrooms, 1 half bath, and over 4,190 SF of curated living space designed around natural light, privacy, and seamless indoor-outdoor living. Imported Spanish porcelain and ceramic surfaces, Italian-engineered wood flooring, Portuguese interior doors, and refined finishes sourced from the United Kingdom create a warm and sophisticated architectural atmosphere throughout. Custom millwork — including the kitchen, bar, wardrobes, and integrated TV units — was exclusively crafted by a French maison specializing in ultra-luxury bespoke cabinetry. The residence highly designed kitchen is equipped with Wolf, Sub-Zero, and Miele appliances, smart-home automation, and integrated security. Outdoor spaces feature a spectacular 36-foot swimming pool, expansive terraces, summer kitchen, lush private garden patio, and multiple entertaining areas designed for effortless resort-style living. Located moments from tennis courts and the Key Biscayne Yacht Club, beaches, marinas, top-rated schools, and the best of island living, this residence represents one of Key Biscayne’s most thoughtfully designed brand new-construction homes - Expected to be finished in July 2026. Easy to Show!
Features
- First Floor Entry
- Built-in Features
- Closet Cabinetry
- Entrance Foyer
- Pantry
- Walk-In Closet(s)
- Den/Library/Office
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 6-bed rentals in Key Biscayne, from 6 active listings; the middle half ask $19,900–$75,000.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.