18
  • Type
  • Condominium
  • 1
  • Bedroom
  • 1
  • Bathroom
  • 0
  • Garage
  • 608 Sq Ft
  • Area Size
255 Sunrise Dr # 107, Key Biscayne FL 33149 | Miami-Dade County | A11964691
  • $499,000

Description

Beach, beach, beach!! Beautifully updated 1BD/1BA in sought-after Cay Polynesia only a few hundred yards from the beach in Key Biscayne. This modern first-floor freshly painted unit features new kitchen cabinetry, new stainless-steel appliances, new countertops, new laminate flooring, new lighting fixtures, new door hardware, new a/c unit & ducts, new quartz windowsills, new blackout & sheer window shades, upgraded electric panel, new light switches & outlets, new bathroom vanity w/ quartz countertop, new sink & faucet, new tub & shower trim, new bath hardware, and new medicine cabinet. Just steps to the beach with private beach access. The boutique building offers an expansive pool area surrounded by lush tropical landscaping. Includes one assigned parking space. Enjoy island living. Tenant occupied until Jan 31, 2027 at $2,500 per month.

Property Overview

This is a 1-bedroom, 1-bath condominium of about 608 square feet at 255 Sunrise Dr # 107, Key Biscayne FL 33149 (Key Biscayne 33149), listed at $499,000.

Monthly Costs, Stated Plainly

The monthly HOA fee is $458.

The tax of record is $5,809 (2025). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $9,980/yr (≈ $832/mo); with the homestead exemption on a primary residence, about $8,980/yr (≈ $748/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 is $499,000. The MLS record does not state a furnished status, so confirmation of what personal property conveys is required. Fixtures and built-in appliances are generally included with the home, while community amenities such as the barbecue area, laundry facilities, elevators, and heated pool are shared HOA features.

For precise verification of what is included in the sale, you should contact Christopher Lazaro, Key Biscayne Real Estate Expert.

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

The property is located in Key Biscayne, Florida 33149, on the coastal corridor between Miami and the Atlantic Ocean. This is a barrier island community connected to the mainland by the Rickenbacker Causeway.

For a detailed discussion of the area's specific characteristics and how they relate to this listing, you should contact Christopher Lazaro, Key Biscayne Real Estate Expert, for verification.

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

The monthly HOA fee for this unit is $458. This fee, as per the association records, covers Building Exterior, Common Area, Elevator, Hot Water, Insurance, Landscaping/Lawn Maintenance, Laundry Facilities, Pool Service, Reserve Fund, Roof Repairs, Sewer, and Water.

It is important to note there is an active special assessment on record; terms and balance require direct verification. The community is also governed by Key Biscayne city ordinances, accessible via the municipal code. For a complete review of all financial obligations, contact Christopher Lazaro, Key Biscayne Real Estate Expert.

What are the property taxes and homestead implications?

The recorded tax for 2025 is $5,809. Florida law requires a reassessment upon sale, so an estimate at the list price of $499,000, using a Miami-Dade rate near 2.0%, yields an approximate annual cost of $9,980 without a homestead exemption, or about $8,980 with one. The homestead exemption reduces the taxable value only if this is your primary Florida residence.

These are estimates, not final quotes. To verify these figures and discuss your specific situation, contact Christopher Lazaro, Key Biscayne Real Estate Expert.

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

This property is located in a FEMA-designated high-risk flood zone. You can review the official definitions for these zones and view the FEMA flood map for this address.

Lenders will require a separate flood insurance policy for a mortgage here. For precise verification of the zone and its implications, contact Christopher Lazaro, Key Biscayne Real Estate Expert.

Are pets allowed?

The listing for 255 Sunrise Dr # 107 shows a strict no-pets policy. However, protected assistance animals are a distinct category under federal law.

Service animals are covered by the ADA and Fair Housing Act. For emotional support animals, the FHA requires housing providers to consider them as a reasonable accommodation, similar to a wheelchair ramp, with proper documentation and subject to association review under current law, including evolving HUD guidance. For specific legal application, consult a Florida real-estate attorney. To verify the current building policy and discuss accommodation procedures, contact Christopher Lazaro, Key Biscayne Real Estate Expert.

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

The list price reflects recent Miami-Dade market activity, where condos have been closing at 94% of list price after approximately 64 days on market. For precise context on this unit at 255 Sunrise Dr, the figure was derived from a comparative market analysis of Key Biscayne condominiums.

To inform your strategy with specific, current comps for the building and vicinity, you should request a Key Biscayne-specific CMA before formulating an offer. For verification and to obtain that analysis, contact Christopher Lazaro, Key Biscayne Real Estate Expert.

What financing step do you recommend before touring?

I recommend securing a mortgage pre-approval from a Florida Licensed Mortgage Loan Originator before scheduling a tour. This clarifies your budget and strengthens your position as a buyer for a property like 255 Sunrise Dr # 107, listed at $499,000.

For verification on this specific condo and next steps, you should reach Christopher Lazaro, Key Biscayne Real Estate Expert, directly.

Monthly Fees & Carrying Costs

Association Fee $458 / month
Total Monthly Fees $458 / month
  • Membership Required: No
  • Application Fee: $150 (one-time)

Have a question about this Key Biscayne listing?

Talk directly with Christopher Lazaro, your Key Biscayne real estate advisor. No pressure — real answers.

  • Address: Sunrise Dr
  • City: Key Biscayne
  • State/county: Miami-Dade County
  • Zip/Postal Code: 33149
  • Area: CAY POLYNESIA CONDO

Details

Updated on August 9, 2026 at 4:59 am
  • Property ID A11964691
  • Price $499,000
  • Property Size 608 Sq Ft
  • Bedroom 1
  • Room 0
  • Bathroom 1
  • Garage 0
  • Year Built 1965
  • Type Condominium
  • Property Status Active, Residential

Additional details

  • Flooring Other, Tile
  • Bedroom Features At Least 1 Bedroom Ground Level, Entry Level
  • Cooling Ceiling Fan(s), Central Air
  • Association Type Condo
  • Building CAY POLYNESIA
  • Association Fee Frequency Monthly
  • Area Cay Polynesia Condo
  • Annual Tax 5809
  • Association Yes
  • Elementary School Keybiscayne
  • Private Pool No
  • Listing Terms All Cash, Conventional
  • Waterfront No
  • Full Bathrooms 1
  • Subdivision CAY POLYNESIA CONDO
  • Total Stories 3
  • Restrictions No Trucks/Rv'S, Other Restrictions
  • Amenities Barbecue, Laundry, Elevator(s), Heated Pool, Pool
  • Parking 1 Space, Assigned, Guest, Limited # Of Vehicle, No Trucks/Trailers
  • Heating Central
  • Structure Type Condo 1-4 Stories, Condo
  • Tax Year 2025
  • Construction CBS Construction
  • Building Area 608
  • Covered Spaces 0
  • Middle School Ponce De Leon
  • Unit Floor 1
  • View Pool Area View
  • Year Built Details Effective Year Built
  • High School Coral Gables
  • Pets Allowed No
  • Attached Yes
  • Unit Number 107
  • Half Bathrooms 0
  • Flood Zone AE
  • New Construction No
  • Garage Spaces 0
  • Style Condo 1-4 Stories
  • Association Fee 458
  • Lot Size (Sq Ft) 0
  • Membership Purchase Required No

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