Performance indicators for the Key Biscayne short-term rental market based on reliable data.
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The highest-performing listings in Key Biscayne.
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Challenging to Investors
Key Biscayne allows STRs but imposes a strict 15‑day minimum stay, multiple permits and inspections, and a detailed application process, while enforcement is active with monitoring and $250/day fines—legal but constraining for investors.
Local STR Agent
STR specialist · Key Biscayne, FL
Key Biscayne is a small, upscale barrier-island village in Miami-Dade County, Florida, home to roughly 12,000 to 13,000 residents. It sits at the southern edge of the Miami metropolitan area, separated from the mainland by Biscayne Bay and connected to Miami by the scenic Rickenbacker Causeway. Known for its quiet, residential character, white-sand beaches, and tropical landscaping, Key Biscayne functions both as a tranquil island enclave and as a gateway to downtown Miami, the upper Florida Keys, and Biscayne National Park. The drive into Miami typically takes about 15 to 25 minutes depending on traffic, putting the city's arts, dining, and nightlife within easy reach.
At the southern tip of the island lies Bill Baggs Cape Florida State Park, a roughly 400-acre park that consistently ranks among the top beaches in the United States. Visitors come for the swimming beaches, biking and walking paths through coastal hammocks, and the historic Cape Florida Lighthouse, the oldest standing structure in the county. The park is about a 10-minute drive from the center of the village and offers a quieter alternative to Miami's busier South Beach.
On the northern end of the island, Crandon Park spans more than 800 acres and serves as Key Biscayne's main recreational green space. Operated by Miami-Dade County, the park features a long, calm beach backed by coconut palms, a family-friendly marina, nature trails through mangroves, and the Crandon Tennis Center, a longtime host of major professional tennis events. It is roughly five minutes from the heart of the village and provides a wide range of activities for day-trippers and longer-stay guests alike.
Just across the Rickenbacker Causeway, on the adjacent Virginia Key, the Miami Seaquarium has been drawing families to the area for decades with marine animal exhibits and ocean shows. It is approximately 10 to 15 minutes from Key Biscayne by car, depending on causeway traffic, and is often paired with visits to the island's beaches. Further south, the unspoiled reefs and mangrove shoreline of Biscayne National Park begin just offshore, offering snorkeling, kayaking, and boating in one of the largest marine parks in the national system.
Key Biscayne appeals to short-term rental guests who want a peaceful, beach-oriented setting without sacrificing proximity to Miami's cultural and dining scene. The combination of two major parks, accessible beaches, scenic causeway drives, and quick access to the broader South Florida coast makes the island a strong base for travelers who want both relaxation and exploration.