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Waterfront · Single Family Residence
$12,485,000$1,949 / sqft
420 Island Dr, Key Biscayne FL 33149
Listed
6
Bedrooms
8
Bathrooms
6,405 sqft
Interior
2017
Year built
None
HOA
Single Family Residence
Type
About this home
Spectacular and impeccably appointed modern residence situated on a 13,651 SF lot on prestigious Island Drive—one of Key Biscayne’s most elevated streets. Boasting a total of 8,011 SF, this 6-bedroom, 6 full bath + 2 half bath home is open, bright, and flooded with natural light throughout. Enjoy breathtaking water views and private access to the water in a setting that blends refined luxury with ultimate privacy. This residence showcases exquisitely curated, high-end designer finishes, a dramatic wine cellar, two expansive family rooms, and a closed 2-car garage. The outdoor living area is equally impressive, featuring a sleek summer kitchen and lush, professionally designed landscaping—ideal for elegant island living and entertaining. Per approved plans 6,405 SF under AC -8,682 SF Total
Features
- First Floor Entry
- Built-in Features
- Cooking Island
- Custom Mirrors
- Laundry Tub
- Pantry
- Chandelier To Be Replaced
- Split Bedroom
- Vaulted Ceiling(s)
- Volume Ceilings
- Walk-In Closet(s)
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 5 active listings; the middle half ask $21,500–$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.