Key Biscayne · micromarket · 12 months · data as of October 19, 2026
Key Colony and Ocean Lane Market Report
Closed sales from October 1, 2025 to September 30, 2026 · MIAMI REALTORS® MLS data as of October 19, 2026 · reviewed by Julian Acosta · next report January 2027
Median sale price · condominiums · 12 months
$1,140,000▲ 3.5% vs the twelve months before
The median sale price of a condominium in Key Colony and Ocean Lane, Key Biscayne (the typical price: half sold for more and half for less), was $1,140,000 in the twelve months to September 30, 2026, on 82 closed sales, 3.5% more than in the twelve months before, according to MIAMI REALTORS® MLS records analyzed by Julian Acosta with data as of October 19, 2026.
Where Key Colony and Ocean Lane Is
Key Colony and Ocean Lane is the Village's north end, along Crandon Boulevard and Ocean Lane Drive, with Calusa Park, which the Village manages, just north of it. It holds the planned development the County's zoning names Key Colony, four condominiums built from 1978 to 1981: Key Colony No. 1, Key Colony No. 2, Key Colony Condo #4 and The Emeraldbay @ Key Colony. Beside them stand the condominiums of Ocean Lane Drive, among them Commodore Club South and Key Biscayne Commodore Club, and Oceana Key Biscayne, on Ocean Drive, built in 2014. In all, about 2,300 condominium units in 19 buildings and a cooperative of 131 units; the median unit has about 1,500 SF, built in 1979 (Miami-Dade County Property Appraiser, 2026 record, read October 26, 2026).
Key takeaways
- Condominiums in Key Colony and Ocean Lane, Key Biscayne, sold at a median of $1,140,000 in the 12 months to September 2026, on 82 sales, 3.5% more than in the 12 months before. See the full reading
- A condominium in a waterfront building in Key Colony and Ocean Lane sold at a median of $1,250,000, on 59 sales; off the water, at $880,000, on 23. See the full reading
- A Key Colony and Ocean Lane condominium took a median of 57 days to sell in the 12 months to September 2026, about 8 weeks. See the full reading
Where the market in Key Colony and Ocean Lane is heading
- Key Colony and Ocean Lane sold 82 condominiums in the 12 months to September 2026, against 81 a year earlier, and their median rose 3.5%.
These are the figures to date, not a forecast.
If you're selling in Key Colony and Ocean Lane
- How long it takes: a Key Colony and Ocean Lane condominium took a median of 57 days to sell in the 12 months to September 2026, about 8 weeks.
- How close to the asking price: the typical condominium closed at 95.8% of its last list price in the 12 months to September 2026; 17 of the 82 closed at or above it.
- The water: the 59 condominiums in waterfront buildings sold at a median of $1,250,000.
If you're buying in Key Colony and Ocean Lane
- Off the water: 23 condominiums off the water sold at a median of $880,000.
- Price per square foot: a Key Colony and Ocean Lane condominium sold at a median of $806 per square foot in the 12 months to September 2026.
Key Colony and Ocean Lane in figures
Data as of October 19, 2026
Key Colony and Ocean Lane Single-Family Home Prices
2 sales · 12 months to September 2026Median sale price · single-family
2 sales, too few for a median
A year earlier: 0 sales
Only 2 houses sold in Key Colony and Ocean Lane in the 12 months to September 30, 2026: too few for a fair median, so each sale is listed in the table below (MIAMI REALTORS® MLS).
12 months · 2 sales · MIAMI REALTORS® MLS
Closed sales
2
A year earlier: 0
2 houses sold in Key Colony and Ocean Lane in the 12 months to September 30, 2026, fewer than one a month, against 0 the 12 months before (MIAMI REALTORS® MLS).
12 months · 2 sales · MIAMI REALTORS® MLS
Key Colony and Ocean Lane Condo Prices
82 sales · 12 months to September 2026Median sale price · condominiums
$1,140,000
A year earlier: $1,101,500 · ▲ 3.5%
If you own a condominium in Key Colony and Ocean Lane, this is your yardstick: half of the 82 condominiums sold there in the 12 months to September 30, 2026 closed above $1,140,000 and half below, against $1,400,000 across Key Biscayne (MIAMI REALTORS® MLS).
12 months · 82 sales · MIAMI REALTORS® MLS
Closed sales
82
A year earlier: 81
82 condominiums sold in Key Colony and Ocean Lane in the 12 months to September 30, 2026, about 7 a month, against 81 the 12 months before (MIAMI REALTORS® MLS).
12 months · 82 sales · MIAMI REALTORS® MLS
Median price per sq ft · condominiums
$806
A year earlier: $701 · ▲ 15.0%
To compare homes of different sizes, look at the price per square foot: a condominium in Key Colony and Ocean Lane sold for a median $806 in the 12 months to September 30, 2026, so 1,000 Sq.Ft at that rate comes to about $810,000 (MIAMI REALTORS® MLS).
12 months · 82 sales · MIAMI REALTORS® MLS
Median days on market · condominiums
57 days
A year earlier: 51 days
If you sell a condominium in Key Colony and Ocean Lane, plan for about 8 weeks: the typical one took 57 days to sell in the 12 months to September 30, 2026 (MIAMI REALTORS® MLS).
12 months · 82 sales · MIAMI REALTORS® MLS
Townhouses · none sold
On the water and off it in Key Colony and Ocean Lane
12 monthsHouses on the water
1 sale, too few for a median
1 sale
The listing's MLS mark
Houses off the water
1 sale, too few for a median
1 sale
The listing's MLS mark
Condos in a waterfront building
$1,250,000
59 sales
Its building's mark
Condos off the water
$880,000
23 sales
Its building's mark
Key Colony and Ocean Lane Condo Prices by Building
Key Colony and Ocean Lane, building by building, the way the report files its sales, each building with its condominium sales in the twelve months to September 30, 2026; a building has its row from five sales, and the others are counted together.
| Building | Sales | Median price | Days (median) |
|---|---|---|---|
| The Emeraldbay @ Key Colony | 14 | $1,250,000 | 50 |
| Key Colony Condo #4 | 12 | $1,212,500 | 20 |
| Commodore Club South | 10 | $1,168,500 | 69.5 |
| Key Colony No. 1 | 7 | $1,300,000 | 31 |
| Key Biscayne Commodore Club | 6 | $975,100 | 34.5 |
| Key Colony No. 2 | 5 | $1,120,000 | 92 |
| Other buildings | 24 | $877,500 | 126 |
Oceana Key Biscayne closed 4 condos in these twelve months: too few for a median.
What is my home worth?
Enter your address. The page finds your home in the public record and reads the closed sales nearest it.
An estimate by Julian Acosta from MLS closed sales and the Miami-Dade County record; not an appraisal. How it works →
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Key Colony and Ocean Lane versus the other areas of Key Biscayne
| Area | Houses: median price | Houses: sales | Houses: days (median) | Condos: median price |
|---|---|---|---|---|
| Key Colony and Ocean Lane | — | 2 | — | $1,140,000 |
| Waterfront Homes → | — | 4 | — | — |
| Homes Off the Water → | $4,160,000 | 34 | 88.5 | — |
| Grand Bay and Ocean Drive → | — | 0 | — | $754,500 |
| Ocean Club and South Crandon → | — | 0 | — | $2,100,000 |
| Key Biscayne, all its areas → | $4,537,500 | 40 | 94.5 | $1,400,000 |