1111 Crandon Blvd · Key Biscayne, FL 33149

The Towers of Key Biscayne, Phase I

12-story mid-rise, completed 1972, 261 residences in Key Biscayne. 3 for sale and 6 for rent on Nov 2, 2026.

Tell me your unit and I'll prepare its value myself, from The Towers of Key Biscayne, Phase I's closed sales and what is listed now. Then we talk it through.

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At a glance The Towers of Key Biscayne, Phase I (1111 Crandon Blvd, Key Biscayne) is a 12-story, 261-unit building completed in 1972. As of Nov 2, 2026, 3 units are for sale and 6 are for rent; the median closed price was $887 per square foot over 7 sales in the last 12 months. FEMA flood zone AE. Source: Miami Assoc. of REALTORS® MLS via Bridge IDX, Miami-Dade Property Appraiser records and the FEMA flood map.

Photo · MLS listing in this building

For sale
3
For rent
6
Median $/SF
$8877 sales · 12 mo
Sold
7last 12 months
Built
1972
Floors
12
Residences
261county
Flood zone
AEFEMA
HOA dues
$1.38/SF/mo · 3 listings
Waterfront
Ocean

MLS via Bridge IDX · as of Nov 2, 2026 · How these numbers are made

On the market at The Towers of Key Biscayne, Phase I.

The weekly MLS snapshot, newest asks first. Each unit opens its full listing: photos, taxes, history. Or check the live feed for today's inventory.

Snapshot as of Nov 2, 2026.

Listings matched to this building's recorded addresses. I don't have to be the listing agent to show you any unit or to negotiate for you. Search condos in 33149

The read on The Towers of Key Biscayne, Phase I.

Activity as of Nov 2, 2026
  • Resale +41%. The median closed price moved from $671/SF in 2019 (4 sales) to $948/SF in 2026 (6 sales), the first and last years with three or more recorded sales.
  • Gross rental yield 6.0%. A year of rent at the median $4.47/SF/mo (14 leases) against the median $887/SF sale (7 sales), both over 12 months, before HOA, taxes and vacancy.
  • Asks run +22% against closings. Sellers ask a median $1,082/SF (3 listings) against $887/SF closed (7 sales, 12 months). That gap is negotiation room. Bring the comps.
  • Sells in a median 33 days. Days on market across the 7 sales closed in the last 12 months.
  • A renters' building. Leases outnumbered sales 2 to 1 over the last 12 months (14 leases, 7 sales), at a median $6,650 a month.

Where it ranks citywide, condo buildings in 17 Miami neighborhoods

  • #18 of 360 · fastest median days on market42 days median on market · n 14 · Oct 2024 to Sep 2026
  • #53 of 345 · biggest $/sf change since 2021+47.1% median $/SF since 2021 ($603 to $887) · n 38 · Calendar 2021 vs Oct 2025 to Sep 2026

See the full rankings · How rankings are made

Read the full record 3 paragraphs and 10 facts, every figure from the MLS and county record

The Towers of Key Biscayne, Phase I is a 12-story mid-rise at 1111 Crandon Blvd in Key Biscayne, built in 1972. County folio records count 261 residences. The condo archive records it as waterfront (ocean). Its MLS and county records file it, with one other building, under the legal name Towers of Key Biscayne.

Three units were for sale on November 2, 2026, asking $1.4M to $3M (median ask $1,082/SF across 3 listings). Seven sales closed between November 2, 2025 and November 2, 2026, from $1.3M to $2.7M, a median $887/SF, after a median 33 days on the market. In the 12 months before that, seven sales closed at a median $615/SF, so the median rose 44%. Across 88 recorded sales since 2019, the best year by median price per square foot was 2026, at $948 over 6 sales. That 12-month median ranks 13th of the 23 Key Biscayne buildings with at least three sales in the same window. Two-bedrooms made up 10 of the 14 sales in the last 24 months, at a median $1,490,000.

Six units were offered for rent at $6,200 to $12,000 a month. 14 leases were signed over the same 12 months, at a median $6,650 a month (range $3,700 to $11,500). Leases outnumbered sales 2 to 1 over that year, so renters are a large share of who lives here.

Sources: Miami Assoc. of REALTORS® MLS via Bridge IDX (activity as of November 2, 2026), Miami-Dade Property Appraiser records and my condo archive. Blanks mean the record doesn't state it; nothing here is estimated.

The record

Address
1111 Crandon Blvd, Key Biscayne 33149
Neighborhood
Key Biscayne
Year built
1972
Floors
12
Residences (county-verified)
261
County condo folios
261
Waterfront
Yes / Ocean
Recorded MLS listings
179
Recorded as
Towers of Key Biscayne
Also recorded as
1111 Crandon Bl

The numbers at The Towers of Key Biscayne, Phase I.

Every sale and lease the MLS has recorded at this address, sales first.

MLS via Bridge IDX · as of Nov 2, 2026

Median $/SF by year closed

Every recorded sale at this address, 2019 to 2026. Count in the tooltip.

$474$948$6712019$4842020$6032021$8032022$8522023$8162024$8932025$9482026$474$948$671'19'20$603'21'22$852'23'24'25$948'26
Year by year, every recorded closing
YearSalesMedian $/SFLeasesMedian rent
2026 (to date)6$94812$7,100/mo
20256$89310$5,825/mo
202410$81613$6,000/mo
202317$85210$6,625/mo
202210$8038$6,450/mo
202131$60313$6,500/mo
20204$48414$4,000/mo
20194$6711$5,000/mo*

* Fewer than three closings that year: the figure is the closing itself or the average of two, too few for a median.

Closed $/SF by unit size

Median $/SF of the sales in the 12 months to Nov 2, 2026, with the count beside each bar.

2 bedrooms$976/SF · 4 sales
3+ bedrooms$831/SF · 3 sales

Medians need three or more sales. How these numbers are made

Own here? See how the building moved since you bought.

Median closed $/SF in 2019: $671 (4 sales). In the last 12 months: $887 (7 sales). Change: +32%.

This is the building's movement, not your unit's value. Floor, view, line and condition move a unit's price more than the building does. Only years with three or more recorded sales are listed.

Get your unit's value →
Show all closings 88 sales · 81 leases on record since 2019

Closed sales Nov 2, 2024 to Nov 2, 2026 · 14

UnitBDBASFAskedClosed$/SFClose dateDOM
C902321,782$1,550,000$1,480,000$831Aug 20, 202643
B1108221,782$2,895,000$2,700,000$1,515Aug 14, 202633
C205332,208$1,575,000$1,535,000$695Jun 1, 2026179
B807321,782$2,590,000$2,500,000$1,403May 22, 202615
C406221,782$1,650,000$1,480,000$831May 21, 202640
A404221,409$1,500,000$1,500,000$1,065May 15, 20264
A203221,409$1,295,000$1,250,000$887Nov 5, 202531
A201221,782$1,895,000$1,725,000$968Jul 22, 2025266
C80411.51,114$749,000$685,000$615Jul 10, 2025128
C906221,782$1,699,000$1,600,000$898May 30, 202536
C1106221,782$1,869,000$1,822,000$1,022Mar 31, 20257
B103221,409$845,000$750,000$532Mar 10, 2025282
A205221,409$849,000$766,000$544Dec 31, 202449
C307221,782$1,174,500$1,060,000$595Nov 8, 202482

Leases signed Nov 2, 2025 to Nov 2, 2026 · 14

UnitBDBASFAsked/moLeased/mo$/SF/moLease dateDOM
A1105221,409$7,600/mo$7,600/mo$5.39Nov 1, 202614
A807321,782$9,600/mo$9,200/mo$5.16Sep 8, 202642
B1004221,409$8,250/mo$7,800/mo$5.54Sep 4, 202632
C50411.51,114$3,950/mo$3,700/mo$3.32Jun 29, 202696
A1205221,409$5,400/mo$5,300/mo$3.76May 15, 202683
C40411.51,114$4,000/mo$4,000/mo$3.59May 1, 202684
A808321,782$11,500/mo$11,500/mo$6.45Apr 10, 202661
A705221,409$5,850/mo$5,450/mo$3.87Mar 23, 202667
B103221,409$6,700/mo$6,600/mo$4.68Mar 19, 202639
A1105221,409$7,400/mo$6,700/mo$4.76Mar 5, 2026315
A507221,782$7,200/mo$7,500/mo$4.21Feb 17, 202673
B10132.51,782$9,000/mo$8,500/mo$4.77Feb 1, 202633
B606221,409$6,200/mo$6,000/mo$4.26Dec 1, 202541
C40311.51,114$4,300/mo$4,100/mo$3.68Nov 10, 202528

Data: Miami Assoc. of REALTORS® MLS via Bridge IDX, as of Nov 2, 2026. Listings matched to this building's recorded addresses; pending includes under-contract. Closed listings shown as records only, no photos. Blanks mean the record doesn't state it. How these numbers are made

The file on The Towers of Key Biscayne, Phase I.

The rules on record, the documents in my files, the two Florida checks every buyer should run, and the buildings around it. Each card opens.

FEMA flood zone

AE

Inside FEMA's Special Flood Hazard Area. A federally backed mortgage requires flood insurance here.

What the zone means
  • The 1% annual chance ("100-year") flood area, with a base flood elevation set.
  • Base flood elevation 8 ft (NGVD29).
  • The zone is a map line, not a premium. Ask the association for its master flood policy, and get a flood quote for the specific unit before you commit.

FEMA National Flood Hazard Layer, checked at the building's mapped location on Oct 12, 2026. Open the official map ↗

Milestone structural inspection

Turned 30 in 2002

The statute's first deadline for a building this age was December 31, 2024, then every 10 years.

What the deadline means
  • Based on year built 1972 (county record). The statute counts from the certificate of occupancy date, which can differ.
  • The association must give every owner the inspector's summary. Ask for it, and for the structural integrity reserve study, before you commit.

Fla. Stat. § 553.899(3) ↗ and Miami-Dade recertification ↗, read Oct 9, 2026. What the deadline means for buyers

Nearby

Around The Towers of Key Biscayne, Phase I

5 more nearby

Compare with the two nearest →Every Key Biscayne building →Distances are straight-line. Building data from Miami Assoc. of REALTORS® MLS records via Bridge IDX.

Own here, or looking here

Owners: tell me your unit and I'll prepare its value myself. Buyers and renters: I'll tell you when a unit here lists or sells. Either way it starts a conversation with me, not a mailing list.

Own here?

Get your unit's value

Tell me your unit and I'll prepare its value myself, from The Towers of Key Biscayne, Phase I's closed sales and what is listed now. Then we talk it through.

Phone or email. One is enough.

Thinking about

Goes to Enrique only. No mailing list.

Looking here?

Get alerts when a unit lists or sells

When a unit at The Towers of Key Biscayne, Phase I lists or sells, I'll let you know. I send these myself, not a robot.

Phone or email. One is enough.

Alerts for

Goes to Enrique only. No mailing list.

Enrique Ponte Ojeda on a balcony overlooking the water in Miami
I read the building before you buy or sell a unit in it.Closed history, the association's rules, what is really for sale and what it should trade at. Then we talk.
Enrique Ponte Ojeda
Licensed Florida Real Estate Agent · Carmona Realty Group