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Waterfront · Single Family Residence
$16,500,000
131 Cape Florida Dr, Key Biscayne FL 33149
Listed
6
Bedrooms
7
Bathrooms
— sqft
Interior
2022
Year built
None
HOA
Single Family Residence
Type
About this home
Brand-new construction on a 14,900 SF lot with 100 feet of water frontage on Cape Florida Drive, one of Key Biscayne's most coveted addresses. Over 7,000 SF under air is organized around a central living volume where glass, stone and light do the work — soaring ceilings, no wasted space, no borrowed style. The custom Ernesto Meda kitchen pairs Italian craftsmanship with fully integrated appliances and an oversized island, while a complete summer kitchen anchors the covered terrace and is built for how the island actually entertains. Smart-home integration runs lighting, climate, shades, audio, security and cameras from a single interface. Resort-style pool, expansive entertaining terrace and a private dock. Impact glass throughout. Minutes to the Village, Crandon Park, tennis and the beach.
Features
- First Floor Entry
- Family Room
- Garage Converted
- Great Room
- Media Room
- Storage
- Utility Room/Laundry
- Barbeque
- Built-In Grill
- Open Balcony
- Canal
- Lagoon
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 6-bed rentals in Key Biscayne, from 5 active listings; the middle half ask $21,500–$75,000.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.