Home » Properties » 241 Cape Florida Dr, Key Biscayne FL 33149

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Elegant Waterfront Estate at 241 Cape Florida Dr, Key Biscayne

Stunning 8-bed, 8.5-bath waterfront estate with private dock, pool, and elevator in prestigious Key Biscayne neighborhood.

$29,900,000

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MLS #A11608943

Listing Updated: 2026-06-16 18:27:38

Listed By: Cervera Real Estate Inc.

Overview

This exceptional contemporary estate located at 241 Cape Florida Dr in Key Biscayne offers expansive luxury living with 8 bedrooms and 8.5 bathrooms across 9,159 sqft. Set on a large 23,724 sqft lot with over 250 feet of waterfront, the home features a private dock, boat lift, and a resort-style pool. Designed by renowned architects and built by Interscope, the residence includes premium amenities such as an elevator, full-home generator, reinforced concrete seawall, and multiple parking options including a 2-car garage and porte-cochere. The grand foyer with soaring ceilings welcomes you into a sophisticated and private setting ideal for refined waterfront living.

Property Highlights

8 bedrooms including guest and staff quarters, 8.5 bathrooms, private dock and boat lift, resort-style pool, elevator, full-home generator, reinforced seawall, 2-car garage plus porte-cochere, over 250 ft waterfront, 23,724 sqft lot, built in 1990.

Property Details

City: Key Biscayne

State: FL

Zip Code: 33149

Address: 241 Cape Florida Dr, Key Biscayne FL 33149

Year Built: 1990

Property Type: Residential

Property Sub Type: Single Family Residence

Listing Office Name: Cervera Real Estate Inc.

County: Miami-Dade County

Garage Spaces: 2

Parking Features: Covered, Driveway, Paver Block

Interior Features: Elevator, Fire Sprinklers, Entrance Foyer, Pantry, Walk-In Closet(s), Family Room, Garage Converted, Separate Guest/In-Law Quarters, Maid/In-Law Quarters, Utility Room/Laundry

Exterior Features:

Waterfront: Yes

Pool: No

HOA Fee: $0

Annual Tax: $49,103

Days On Market: 718 Days

Original Listing Description

Spectacular contemporary estate set on a coveted cul-de-sac along Cape Florida Dr., one of Key Biscayne’s most prestigious and private addresses. Situated on a 23,724 sqft lot with +250 ft of waterfront and elevation of 8.71 ft above sea level, this home offers 8 bedrooms (including a guest suite and 2 staff quarters), 8.5 baths, a private dock, boat lift, and resort-style pool. A grand foyer with soaring ceilings introduces an architectural masterpiece designed by renowned architects and built by Interscope. More features include an elevator, full-home generator, reinforced concrete seawall, 2-car garage + porte-cochere for 4 cars, and driveway for 8+ cars. Discover the exceptional potential of this unique estate—a perfect blend of elegance, privacy, and premier waterfront living.

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

241 Cape Florida Dr, Key Biscayne FL 33149

About This Neighborhood

Located in one of Key Biscayne’s most sought-after neighborhoods, this estate benefits from a private cul-de-sac setting on Cape Florida Drive. The community is known for its tranquility, privacy, and proximity to beautiful beaches and parks. Residents enjoy easy access to upscale dining, shopping, and recreational activities, making it an ideal location for those valuing both convenience and a serene environment. The neighborhood’s reputation for exclusivity adds to the desirability of this property.

Walkability & Lifestyle

This estate on Cape Florida Drive offers a lifestyle that balances privacy with accessibility. Nearby, residents can enjoy scenic waterfront walks, access to beaches, and local parks. The community provides a range of dining and shopping options within a short drive, while outdoor activities such as boating and golf are easily accessible. The walkability in the immediate vicinity supports a relaxed, coastal lifestyle.

Things To Do Nearby

Key Biscayne is known for its outdoor recreational opportunities, including boating from the private dock, beach activities, and golf courses. Residents can explore nearby parks, waterfront dining, and cultural venues. The area’s natural beauty and amenities create a variety of leisure options for all ages, supporting an active and engaging lifestyle.

Nearby Schools

The Key Biscayne area offers access to several reputable schools, providing convenient educational options for families. The neighborhood’s residential setting ensures a safe and comfortable environment for students. Proximity to quality educational institutions adds to the appeal for buyers prioritizing schooling options within a short commute.

Why Buyers Like This Area

Buyers are drawn to this property for its combination of privacy, luxury, and waterfront access. The spacious design accommodates large families and guests comfortably, while the private dock and boat lift appeal to boating enthusiasts. Its location on a quiet cul-de-sac in a prestigious neighborhood offers a secure and serene living environment. The home’s architectural quality and premium features meet the expectations of discerning buyers seeking a refined coastal residence.

Investment Potential

This waterfront estate in Key Biscayne presents a unique opportunity for buyers seeking a prestigious residence in a highly desirable location. The property's extensive waterfront frontage and private dock enhance its appeal to those interested in boating and coastal living. Its size and amenities make it suitable for both family living and hosting guests, attracting a broad range of potential occupants. While the market for luxury waterfront homes can fluctuate, properties in this area typically maintain strong interest due to limited availability and the exclusive nature of the community.

Market Trends

The Key Biscayne real estate market is characterized by steady demand for waterfront and luxury properties. Inventory in this segment tends to be limited, which supports sustained buyer interest. The area appeals to affluent buyers looking for privacy, premium amenities, and access to coastal lifestyle. While market conditions can vary, Key Biscayne remains a strong contender for long-term desirability due to its unique location and community features.

Rental Income Potential

Properties like this estate in Key Biscayne can attract tenants interested in seasonal or long-term rentals due to its waterfront location and extensive amenities. The private dock and boat lift are particularly appealing to boating enthusiasts. The spacious layout with multiple bedrooms and staff quarters increases usability for families or groups. While rental income can vary, the property’s features and location support consistent tenant interest in a competitive luxury market.