Tropical Isle Homes, 250 Fernwood Rd, Key Biscayne, FL 33149

$2,990,000Price
3Beds
2Baths
1,391SqFt

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Details

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Status:
Active
Parking: No info
Size: 1,391 SqFt (129 m2)
Price: $2,150/SqFt ($23,138/m2)
Type: Single Family Home
Built: 1953
MLS Number: A11805879
View: None
On Site: 76 Days
Updated: 76 Days ago
Page Views: 0
Prime development opportunity in the heart of key biscayne! This 7,588 sf lot offers endless potential for developers—build a luxury single-family home, duplex, or a set of modern townhomes. Located steps from the island’s top dining and just a short stroll to village green park, it blends lifestyle and location in one of miami’s most desirable zip codes. Key biscayne remains a top destination for developers seeking strong demand, walkability, and high resale value in a tight-knit, upscale community. Don’t miss this rare chance to build in paradise!
Features
Bedrooms
  • Bedrooms: 3
Bathrooms
  • Bathrooms: 2
  • Half Bathrooms: No info
Exterior and Lot Features
  • Exterior Features: Fence,Lighting,Porch
  • View: None
Interior, Heating and Cooling
  • Interior Features: BedroomOnMainLevel, FirstFloorEntry
  • Equipment / Appliances: Dryer, Dishwasher, ElectricRange, Refrigerator, Washer
  • Heating Description: Central
  • Cooling Description: CentralAir
Building and Construction
  • Floor Description: Tile
  • Year Built: 1953
  • Year Built Description: Resale
  • Style: Detached,OneStory
Waterfront and Water Access
  • Waterfront Frontage: No info
School Information
    Other Property Info
    • Garage: No info
    • Listing Date: 2025-05-20T07:31:57.000-00:00
    • Directions: East
    Taxes, Fees & More
    • Taxes: 36200
    • Parking Description: Driveway, RvAccessParking

    Price History

    05/19/2025

    Date

    Listed

    Event

    $3M

    Price

    $2,150 ft2 / $23,138 m2

    Price Per

    Price per square foot and days on website are not provided values and are calculated by Subdivisions.

    Listed by Enrique Montoya • Engel & Völkers Miami • Buyer Agency Compensation .

    Instant Comps

    $500/ft²
    $2,900/ft²
    $5,300/ft²
    $7,700/ft²

    Unit 250 Fernwood Rd – Asking

    $2,150/ft²

    (+34%) from Closed Avg. $/ft²

    Closed Avg. $/ft²

    $1,608/ft²
    Community $/Price Range (Closed) $690/ft² – $7599/ft²
    UnitBed/BathSize SqFt$/SqFtExposureViewSoldClosed Date
    310 Glenridge Rd3/31,464$1,687EastGarden$2,470,0006/5/2025
    # 53391/31,308$1,529NorthGarden$2,000,0009/1/2023
    Unit: 310 Glenridge Rd
    Bed/Bath: 3/3Size SqFt: 1,464$/SqFt: $1,687Exposure: EastView: GardenSold: $2,470,000Closed Date: 6/5/2025
    Unit: # 5339
    Bed/Bath: 1/3Size SqFt: 1,308$/SqFt: $1,529Exposure: NorthView: GardenSold: $2,000,000Closed Date: 9/1/2023
    THINKING OF SELLING IN Tropical Isle Homes at Key Biscayne?

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