Skip to content
All listings
Active
Single Family Residence
$8,500,000$2,029 / sqft

238 Buttonwood Dr, Key Biscayne FL 33149

6
Bedrooms
7
Bathrooms
4,190 sqft
Interior
2026
Year built
None
HOA
Single Family Residence
Type

About this home

A unique architectural masterpiece in the heart of Key Biscayne, this brand-new contemporary residence by Praxis Architecture blends modern tropical luxury with exceptional craftsmanship and bespoke European finishes. Set on an oversized 9,000 SF lot, the residence offers 6 bedrooms, 6 full bathrooms, 1 half bath, and over 4,190 SF of curated living space designed around natural light, privacy, and seamless indoor-outdoor living. Imported Spanish porcelain and ceramic surfaces, Italian-engineered wood flooring, Portuguese interior doors, and refined finishes sourced from the United Kingdom create a warm and sophisticated architectural atmosphere throughout. Custom millwork — including the kitchen, bar, wardrobes, and integrated TV units — was exclusively crafted by a French maison specializing in ultra-luxury bespoke cabinetry. The residence highly designed kitchen is equipped with Wolf, Sub-Zero, and Miele appliances, smart-home automation, and integrated security. Outdoor spaces feature a spectacular 36-foot swimming pool, expansive terraces, summer kitchen, lush private garden patio, and multiple entertaining areas designed for effortless resort-style living. Located moments from tennis courts and the Key Biscayne Yacht Club, beaches, marinas, top-rated schools, and the best of island living, this residence represents one of Key Biscayne’s most thoughtfully designed brand new-construction homes - Expected to be finished in July 2026. Easy to Show!

Features

  • First Floor Entry
  • Built-in Features
  • Closet Cabinetry
  • Entrance Foyer
  • Pantry
  • Walk-In Closet(s)
  • Den/Library/Office
  • Utility Room/Laundry
  • Built-In Grill
  • Fruit Trees
  • Open Balcony
  • Garden

Location

Approximate — shows the building, not the unit. Open in maps (opens in a new tab)

Estimated loan & HOA

$42,981

Loan payment and HOA only. Property tax and insurance are significant here and are not included.

Principal & interest
$42,981
HOA
None

Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.

Schedule a tour

Request a private or video tour with a local agent.

Courtesy of
Douglas Elliman

Run the numbers

We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.

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 rent, 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. 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.