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Condominium
$1,495,000$835 / sqft
101 Crandon Blvd # 265, Key Biscayne FL 33149
Listed
2
Bedrooms
2
Bathrooms
1,790 sqft
Interior
1981
Year built
$2,244 / mo
HOA
Condominium
Type
About this home
This spacious 2-bedroom, 2-bath plus den residence offers 1,790 square feet of light-filled living space in the desirable Botanica tower, with a south-facing corner exposure overlooking the lush garden courtyard and fountain below. Located in Key Colony, one of Key Biscayne's most coveted beachfront communities, with private beach access and unmatched island living. Amenities include: private building pool and BBQ area, 12 championship tennis courts, fitness center, kids' playground, dog park, 24-hour controlled access security, on-site beauty salon/spa, and Golden Hog gourmet market, all just steps from private beach frontage with beachfront café. The unit includes two covered parking spaces just steps from the lobby. Currently furnished, with furniture available at a low additional cost, or the owner is open to removing it if the buyer prefers an empty unit. Unlike most units in Botanica and most Key Biscayne condominiums, #265 is one of a limited number of "Specified Units" allowing legal short-term rentals with no minimum lease period. The advantage most apartments on the island simply can't offer, with real income potential in a market where this flexibility is scarce. Don't miss your chance to own one of Key Biscayne's most exclusive addresses. Move-in ready and ideal for a full-time resident, seasonal owner, or investor.
Features
- No Interior Features
- Den/Library/Office
- None
- Open Balcony
- Garden View
Leasing
- Minimum lease
- 1 day
- Leases permitted per year
- 100
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 2-bed rentals in Key Biscayne, from 83 active listings; the middle half ask $5,500–$9,500.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.