When was property at 31 Island Drive built and last sold?

The property at 31 Island Drive was built in 2004 and last sold on Jul 14, 2014 for $45,000.

How much is this home worth?

The estimated value of the home located at 31 Island Drive is $9,898,000.

What are some comparable homes to 31 Island Drive?

There are currently no comparable homes to 31 Island Drive.

Key Biscayne

33149

Village of Key Biscayne

31 Island Dr

Map

$9,800,000

↓ $400K (3.9%)

● House - For Sale

31 Island Dr

Key Biscayne, FL 33149

6 Beds

6 Baths, 1 Half Bath

5,826 Ft²

$53,054

Est. Monthly

2.73%

Cap Rate

About This Property

Exceptional Estate in Key Biscayne. Discover an extraordinary opportunity to own a stunning modern residence on over 19,000 sq ft lot-an exceptional find in the heart of Key Biscayne. This expansive property offers a generous backyard, perfect for outdoor living, entertaining, or creating a private oasis where kids can play freely. The home features 6 bedrooms, 6.5 bathrooms, a dedicated office, and high ceilings that enhance the bright, open ambiance. Designed with a sleek, modern aesthetic, the interior boasts luxurious finishes and thoughtful amenities, including a wine cellar, pool, and a 2-car garage. Located on a quiet street, this residence blends privacy with convenience. Experience the best of island living with unparalleled space and style.

Unit Size

5,826 Ft²

Days on Market

542 days

Land Size

0.44 acres

Price per sqft

$1,682

Property Type

House

Property Taxes

$4,934

HOA Dues

Year Built

2004

Listed By

Fernando Gimenez

[email protected]

Gimeza A Real Estate Corp.

Claudio Nieto

[email protected]

Gimeza A Real Estate Corp.

Payment Calculator

Cap Rate Calculator

Last updated: 6 days ago (Miami MLS #A11782945)

Price History

Date / Event	Date	Event
Sep 11, 2026	Price Decreased	$9,800,000 ↓ $400K (3.9%)
Price Decreased
Jan 12, 2026	Price Decreased	$10,200,000 ↓ $800K (7.3%)
Price Decreased
Apr 12, 2025	Listed	$11,000,000
Listed

	Exceptional Estate in Key Biscayne. Discover an extraordinary opportunity to own a stunning modern residence on over 19,000 sq ft lot—an exceptional find in the heart of Key Biscayne. This expansive property offers a generous backyard, perfect for outdoor living, entertaining, or creating a private oasis where kids can play freely. The home features 6 bedrooms, 6.5 bathrooms, a dedicated office, and high ceilings that enhance the bright, open ambiance. Designed with a sleek, modern aesthetic, the interior boasts luxurious finishes and thoughtful amenities, including a wine cellar, pool, and a 2-car garage. Located on a quiet street, this residence blends privacy with convenience. Experience the best of island living with unparalleled space and style.
Mar 22, 2025	No longer available	-
No longer available
Mar 4, 2025	Listed	$11,000,000
Listed

	Exceptional Estate in Key Biscayne. Discover an extraordinary opportunity to own a stunning modern residence on over 19,000 sq ft lot—an exceptional find in the heart of Key Biscayne. This expansive property offers a generous backyard, perfect for outdoor living, entertaining, or creating a private oasis where kids can play freely. The home features 6 bedrooms, 6.5 bathrooms, a dedicated office, and high ceilings that enhance the bright, open ambiance. Designed with a sleek, modern aesthetic, the interior boasts luxurious finishes and thoughtful amenities, including a wine cellar, pool, and a 2-car garage. Located on a quiet street, this residence blends privacy with convenience. Experience the best of island living with unparalleled space and style.
Jul 15, 2014	Sold	Premium
Sold
Aug 4, 2004	Sold	Premium
Sold

Property Highlights

Garage

Air Conditioning

Parking Details

Has Garage

Attached Garage

Has Open Parking

Parking Features: Circular Driveway, Other

Garage Spaces: 2

Interior Details

Half Bathrooms: 1

Full Bathrooms: 6

Interior Features: Other, First Floor Entry, Closet Cabinetry, Den/Library/Office

Appliances: Dishwasher, Disposal, Electric Water Heater, Gas Range, Microwave, Other, Refrigerator

Flooring Type: Marble, Tile, Wood, Ceramic Floor

Door Features: High Impact Doors

Laundry Features: Washer/Dryer Hook-Up

Exterior Details

Square Footage: 5826

Architectural Style: Contemporary, Attached, Two Story

Year Built: 2004

Building Name: CAPE FLORIDA SUB SEC 3

Building Area Total: 6762

Building Area Units: Square Feet

Construction Materials: Concrete

Patio and Porch Features: Open Balcony

Pool Features: In Ground

Lot Features: 1/4 To Less Than 1/2 Acre Lot

Lot Size Area: 19236

Lot Size Units: Square Feet

Lot Size Acres: 0.442

Lot Size Square Feet: 19236

Water Source: Municipal Water

Financial Details

Tax Annual Amount: $59,203

Utilities Details

Cooling Type: Ceiling Fan(s), Central Air, Gas, Other

Heating Type: Other

Sewer : Public Sewer

Building Info

Overview

General

Year Built: 2004

Effective Year Built: 2004
Building Count: 1
Bedroom Count: 5
Bathroom Count: 4
Full Bathrooms: 4
Partial Bathrooms: 4
Building Condition: 0
Building Quality: 1
Construction Type: 4
Building Style: 0
Exterior Walls Type: 23
Interior Walls Type: 0
Roof Shape Type: 0
Roof Cover Type: 0
Floor Count: 200
Living Units: 1
Floor Cover: 0
Basement Type: 0
Basement Area: 0
Garage Type: 7
Garage Square Area: 364
Parking Space Count: 0
Patio Type: 8
Porch Type: 36
Pool Type: 8

Dimensions

Lot Size Square Feet: 19,236

Lot Size Depth Feet: 1,680
Lot Size Frontage Feet: 1,145
Total Building Area: 6,762
Gross Building Area: 6,762
Building Area: 5,826
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 0

Heating: 0
Heated Square Feet: 5,826
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: CAPE FLORIDA SUB
Land Acres: 0000000442
Standard Land Use Code: 1001
County Land Use Code: 0101
State Land Use Code: 001
Legal Description 1: CAPE FLORIDA SUB SEC 3 PB 79-64 LOT 7 BLK 4 LOT SIZE 114.500 X 168 OR 19839-2820 08/2001 1 COC 22542-4691 08 2004 1

Neighborhood

School District Name: Dade County School District

School Tax School District: KEY BISCAYNE
Census Tract: 004602

Zoning

Zoning: 2000

Geography

Assessors Map Reference: 325

District: 24
Parcel: 24-5205-024-0060
Block: 4
Lot: 7
Meridian: SEC 05 TWN 55S RNG 42E
Municipality: KEY BISCAYNE
Latitude: 25.6843
Longitude: -80.1607

Address

Full Address: 31 Island Dr

Address - House Number: 31
Address - Street Name: Island
Address - Suffix Type: Dr
State: FL
City Name: Key Biscayne
Carrier Code: C073
4-Digit Zip Code: 2714
Zip Code: 33149

Valuation

Tax

Total Area: 5,788

Tax Year: 2023
Tax Amount: $5,842,600
Initial Tax Delinquent Year: 2020
Tax Rate Code Area: 2400

Appraisal Valuation

Standard Deviation: 0.1354

Valuation Date: Apr 03, 2024
Confidence Score: 84
Final Value: 6,903,287
High Value: 7,838,572
Low Value: 5,968,003

Market Valuation

Market Total Value: $5,622,198

Market Land Value: $4,203,066
Market Improvement Value: $1,419,132

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $3,597,760

Exemptions

Homeowner Exemption: Yes

Sales

Current Sale Contract Date: Jul 14, 2014

Current Sale Recording Date: Jul 15, 2014
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 2014R0494247
Previous Sale Recording Date: Aug 04, 2004
Previous Sale Contract Date: Aug 02, 2004
Previous Sale Amount: $2,830,000
Previous Sale Document Type: 71

Previous Mortgages

Previous Mortgage Lender:

Premium

Previous Mortgage Transaction Date:

Premium
Previous Mortgage Loan Amount:

Premium
Previous Mortgage Term:

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Previous Mortgage Loan Type:

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Previous Mortgage Loan Due Date:

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Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Key Biscayne

Stats & Trends

Median Asking:

$1,570,000

Sale Price/ft²

$1,000

Below Asking

0.01%

Average Days on Market

Average Home Size

2517 ft²

Average Home Age

43.5 years

Currently For Sale

154 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Listed by: Fernando Gimenez
Gimeza A Real Estate Corp.
Last Updated: 6 days ago
Data Source: Miami MLS, MLS# A11782945

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.