241 Cape Florida Dr, Key Biscayne FL 33149 | Miami-Dade County | A11608943
  • $29,900,000

Description

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 sqft lot with +250 ft of waterfront and 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. More features include an elevator, full-home generator, reinforced concrete seawall, 2-car garage + porte-cochere for 4 cars, and driveway for 8+ cars. Discover the exceptional potential of this unique estate—a perfect blend of elegance, privacy, and premier waterfront living.

Property Overview

This is a 8-bedroom, 8.5-bath home of about 9159 square feet at 241 Cape Florida Dr, Key Biscayne FL 33149 (Key Biscayne 33149), listed at $29,900,000.

Monthly Costs, Stated Plainly

This home has no mandatory HOA (single-family / no association on record).

The tax of record is $49,103 (2023). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $598,000/yr (≈ $49,833/mo); with the homestead exemption on a primary residence, about $597,000/yr (≈ $49,750/mo). Confirm with the Miami-Dade Property Appraiser and a tax professional — these are estimates, not quotes.

Frequently Asked Questions

What is the list price, and what typically conveys with a home like this?

The list price for 241 Cape Florida Dr, Key Biscayne FL 33149 is $29,900,000. This 8 bedroom, 8.5 bathroom home, spanning approximately 9,159 square feet, is listed without specification of being furnished, meaning that only the fixtures and built-in appliances are expected to convey with the property. The home features a private In Ground pool with a Pool Bath, which is included with the property.

Community or on-site amenities are available, but specifics can be confirmed upon request. It's essential to distinguish between what conveys with the home and what is shared through the HOA. To verify the details of this listing, including what is specifically included and the community amenities, contact Christopher Lazaro, Key Biscayne Real Estate Professional, to schedule a viewing or discuss the property further.

Where exactly is it, and what should I know about the location?

The property at 241 Cape Florida Dr is located in Key Biscayne, FL 33149, situated along the coastal corridor of Key Biscayne. This location places it within a unique setting, with the property itself listed at $29,900,000, featuring 8 bedrooms and 8.5 bathrooms, and spanning approximately 9,159 square feet.

To verify details about this property and its location, or to schedule a viewing, contact Christopher Lazaro, Key Biscayne Real Estate Professional, who can provide more information and answer any questions you may have about 241 Cape Florida Dr and its surroundings.

What are the HOA / association fees, and what do they cover?

This property, located at 241 Cape Florida Dr, Key Biscayne FL 33149, has no mandatory HOA, as it is a single-family home with no association on record. As a result, the owner is responsible for handling their own utilities and upkeep. Although there is no HOA, the property is still subject to city ordinances, which can be found in the municipal code. For buyers, this means taking on direct responsibility for maintenance and expenses, which can be a consideration in the overall cost of ownership.

To verify the details of this $29,900,000 listing and discuss how the lack of HOA fees may impact your purchase, consider reaching out to Christopher Lazaro, Key Biscayne Real Estate Professional, to schedule a viewing or request more information about this 8bd/8.5ba ~9159 sqft property.

What are the property taxes and homestead implications?

The property taxes for 241 Cape Florida Dr, Key Biscayne FL 33149, listed at $29,900,000, can be estimated in two ways. As an ESTIMATE ONLY, considering the Miami-Dade rate near 2.0%, the annual property tax would be about $598,000/yr (approximately $49,833/mo) without homestead, and about $597,000/yr (approximately $49,750/mo) with the homestead exemption, which lowers the taxable value only for a primary residence. The tax of record is $49,103 (2023), but Florida reassesses at sale, so these figures are estimates, not quotes.

It is essential to confirm these estimates with the Miami-Dade Property Appraiser and a tax professional. To verify the details and get a clearer understanding of the property taxes and homestead implications for this 8bd/8.5ba, ~9159 sqft property, reach out to Christopher Lazaro, Key Biscayne Real Estate Professional, who can provide guidance and help you navigate the process of purchasing this exceptional property at 241 Cape Florida Dr, Key Biscayne FL 33149.

Is the home in a flood zone, and what does that mean?

The property at 241 Cape Florida Dr, Key Biscayne, FL 33149, listed at $29,900,000, is located in a flood zone. Flood zones are areas designated by the Federal Emergency Management Agency (FEMA) as being at risk for flooding, with zones classified according to their level of risk. For more information on flood zones, visit the FEMA definitions page. To determine the specific flood zone designation for this property, you can View the FEMA flood map for this address.

Lenders often require flood insurance for properties located in high-risk flood zones, which can impact the cost of owning the property. If you are considering purchasing this property, it is essential to understand the flood zone designation and its implications. To verify the flood zone designation and discuss how it may affect your purchase, contact Christopher Lazaro, Key Biscayne Real Estate Professional, to review the details and determine the best course of action for your situation.

Are pets allowed?

As a single-family home, the property at 241 Cape Florida Dr, Key Biscayne FL 33149, listed at $29,900,000, does not have a governing board that dictates pet policies. Instead, pet ownership is at the owner's discretion, subject to city and county ordinances, as well as any lease that may be in place. Documented service animals and ESAs carry separate federal protections. To confirm the specifics of pet ownership for this 8 bedroom, 8.5 bathroom, ~9159 sqft property, it is best to consult directly with the owner or their representative. For verification and to discuss your interests in this property, contact Christopher Lazaro, Key Biscayne Real Estate Professional.

How is the price set and is there room to negotiate?

Miami-Dade single-family homes have recently been closing at 95% of original list, around 41 days to contract, according to MIAMI REALTORS®, May 2026. This market statistic provides a general understanding of the current real estate landscape. However, the specific price negotiability of 241 Cape Florida Dr, listed at $29,900,000, can be better understood through a comparative market analysis (CMA) that takes into account the unique features of this 8bd/8.5ba, ~9159 sqft property and its Key Biscayne location.

A Key Biscayne-specific CMA would provide a more accurate assessment of the property's value and potential room for negotiation. To get a clearer picture of the market value and to discuss the best approach for making an offer on this property, it is recommended to consult with a local real estate expert. Reach out to Christopher Lazaro, Key Biscayne Real Estate Professional, to review a customized CMA and verify the current market conditions before proceeding with an offer on 241 Cape Florida Dr.

What financing step do you recommend before touring?

To ensure a smooth process, it is recommended that potential buyers get pre-approved for a mortgage before touring properties like 241 Cape Florida Dr, listed at $29,900,000. This step can be initiated by connecting with a Florida-licensed mortgage originator, which can be found through resources like https://Get-PreApproved.com. Getting pre-approved provides clarity on budget and can make the home buying process more efficient. For properties of this caliber, such as the 8 bedroom, 8.5 bathroom, ~9159 sqft estate in Key Biscayne, understanding one's financial capabilities is crucial.

Once pre-approved, buyers can confidently explore properties that fit within their means. For verification of the property details and to discuss further, potential buyers should reach out to Christopher Lazaro, Key Biscayne Real Estate Professional, to schedule a tour or inquire about the property's features and status, including its current listing price of $29,900,000, and to confirm the property's availability at 241 Cape Florida Dr, Key Biscayne, FL 33149.

Monthly Fees & Carrying Costs

  • Membership Required: No

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  • Address: Cape Florida Dr
  • City: Key Biscayne
  • State/county: Miami-Dade County
  • Zip/Postal Code: 33149
  • Area: CAPE FLORIDA SUB SEC 3, Village Estate

Details

Updated on June 17, 2026 at 2:39 pm
  • Property ID A11608943
  • Price $29,900,000
  • Property Size 9159 Sq Ft
  • Bedrooms 8
  • Room 0
  • Bathrooms 8.5
  • Garages 2
  • Year Built 1990
  • Type Single Family Residence
  • Property Status Active, Residential

Additional details

  • Flooring Carpet, Marble, Wood
  • Waterfront Features Ocean Access, Ocean Front, Seawall
  • Bedroom Features At Least 1 Bedroom Ground Level, Primary Bedroom Upstairs
  • Cooling Ceiling Fan(s), Central Air
  • Association Type None
  • Building CAPE FLORIDA SUB SEC 3
  • Area Cape Florida Sub Sec 3
  • Annual Tax 49103
  • Association No
  • Private Pool No
  • Listing Terms All Cash, Conventional
  • Neighborhood Key Biscayne
  • Waterfront Yes
  • Full Bathrooms 8
  • Subdivision CAPE FLORIDA SUB SEC 3,Village Estate
  • Restrictions Other Restrictions
  • Parking Covered, Driveway, Paver Block
  • Heating Central, Electric
  • Structure Type House
  • Tax Year 2023
  • Construction CBS Construction, Elevated Construction, Piling Construction, Stucco
  • Building Area 9159
  • Covered Spaces 6
  • View Ocean, Water
  • Year Built Details Resale
  • Pets Allowed Yes
  • Inclusions Boatlift,Private Dock, Lift,Private Dock
  • Half Bathrooms 1
  • Flood Zone AE
  • Patio / Porch Open Porch, Patio
  • New Construction No
  • Garage Spaces 2
  • Style WF/Pool/Ocean Access
  • Lot Size (Sq Ft) 21000
  • Membership Purchase Required No

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