6
Map
$1,990,000
●
Commercial -
In Contract
260 Crandon Blvd #A51
Key Biscayne, FL 33149
Studio
0 Bath
1,109 Ft²
$12,244
Est. Monthly
$1,236
HOA / Fees
About This Property
Rare opportunity to acquire a highly visible corner unit at The
Square, one of Key Biscayne's most established commercial centers.
Strategically positioned at the plaza's main entrance, the property
offers exceptional exposure along Crandon Boulevard, the island's
primary commercial corridor. The Square is a vibrant open-air
shopping center with 55 units and a diverse tenant mix of
restaurants, boutiques, salons, and professional offices.
Unit Size
1,109 Ft²
Days on Market
-
Land Size
0.03 acres
Price per sqft
$1,794
Property Type
Commercial
Property Taxes
$1,236
HOA Dues
$1,236
Year Built
1952
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 12 days ago (Miami MLS #A12048951)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 28, 2026 | In contract | - | |
| In contract | |||
| Jul 13, 2026 | Listed by Great Properties International LLC | $1,990,000 | |
| Listed by Great Properties International LLC | |||
| Jul 15, 2025 | Listed | $10,500 | |
| Listed | |||
| | |||
|
Rare opportunity to lease a CORNER unit at The Square shopping center. Among 55 units, this is one of only two facing the street. The other corner unit is occupied by Bank of America on the opposite side, offering unparalleled visibility with direct frontage on Crandon Boulevard, the island's main thoroughfare. Strategically located at the entrance of the center, this unit benefits from high foot traffic and a captive clients. This prime location has been continuously occupied by banks, demonstrating robust commercial viability and strong customer draw.
The shopping center boasts a diverse tenant mix, including popular restaurants, retailers, salons, and offices, ensuring a vibrant and dynamic commercial environment.
| |||
| Jun 4, 2024 | No longer available | - | |
| No longer available | |||
| Mar 14, 2024 | Listed | $2,127,000 | |
| Listed | |||
| | |||
|
EXCEPTIONAL Tenant(First Horizon) - PRIME Corner Unit - Fully NNN(tenant reimburses for all expenses) - NOI $116,958 - 5.5% Cap - Located in a very high-net-worth zip code - Bank has a captive client base and manages significant portfolio, corporate and money managed accounts - Same tenant since 2016 - 2 years left on current term with another 5 year renewal option. Located at the entrance of a shopping center with high foot traffic. Other tenants include restaurants, retailers, salons and offices. Shopping center is on Crandon Blvd, the main road in Key Biscayne. Unit has 1,109 sq ft.
| |||
Property Highlights
Exterior Details
Square Footage: 1109
Year Built: 1981
Building Name: The Square at Key Bsicayne
Building Area Total: 1109
Building Area Units: Square Feet
Lot Size Area: 1109
Lot Size Units: Square Feet
Lot Size Acres: 0.025
Lot Size Square Feet: 1109
Financial Details
Tax Annual Amount: $14,832
Location Details
HOA Fee: $1,236
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/19/2026
|
Loft
|
-
|
32000 ft²
|
$7,200
Loft
-
32000 ft²
|
$6,800
-5.56%
09/30/2026
|
Francoise Wynne
Ashton Real Estate, Inc.
| |
|
11/22/2023
|
Loft
|
-
|
-
|
$1,400,000
Loft
-
|
-
-
|
James Salas
E Realty International, Inc.
| |
|
09/29/2023
| |
Loft
|
-
|
-
|
$350,000
Loft
-
|
-
-
|
Raul Gil
Business Unlimited Realty
|
|
09/27/2023
|
Loft
|
-
|
-
|
$1,198,700
Loft
-
|
-
-
|
Victoria De Giraldo
BHHS EWM Realty
| |
|
12/09/2021
|
Loft
|
-
|
-
|
$1,672,800
Loft
-
|
$1,360,000
-18.70%
07/20/2022
|
Edward Schmidt
E. L. S. Realty Corp.
| |
|
10/20/2021
|
Loft
|
-
|
-
|
$1,100,000
Loft
-
|
-
-
|
Denise Estefan
Avanti Way
| |
|
04/21/2021
|
Loft
|
-
|
-
|
$1,100,000
Loft
-
|
-
-
|
Denise Estefan
Avanti Way
| |
|
12/31/2018
|
Loft
|
-
|
-
|
$990,000
Loft
-
|
$970,000
-2.02%
11/20/2019
|
Gus Martinez
Keller Williams Realty SW
| |
|
09/30/2018
| |
Studio
|
-
|
-
|
-
Studio
-
|
-
-
|
-
|
Building Info
260 Crandon Boulevard
260 Crandon Boulevard, Key Biscayne, FL 33149
- 3 Units for Sale
About Key Biscayne
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Listed by: Fernando Echeverri
Great Properties International LLC
Last Updated: 12 days ago
Data Source: Miami MLS, MLS# A12048951
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Great Properties International LLC
Last Updated: 12 days ago
Data Source: Miami MLS, MLS# A12048951
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017