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$8,500,000
· $2,029/sqft · Est. $48,763/mo
6 bd · 6.5 ba · 4,190 sqft · 0.2 acres (8,916 sqft) · 123 days on market · MLS# A12021891
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Listing details for 238 Buttonwood Dr, Key Biscayne, FL 33149: 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!
Bedrooms
6
Bathrooms
6.5
6 full · 1 halfSquare Feet
4,190
Year Built
2026
Lot
0.2 acres (8,916 sqft)
Garage
2 spaces
HOA
No
Taxes (2025)
$12,000
MLS# A12021891 · Source: MIAMI + RWorld · Updated Sep 21, 2026
Tropical Isle Homes Sub 4 is a neighborhood in Key Biscayne. Census median home value is $1,246,268.
Estimated monthly
30-yr fixed
$48,763
/mo
$8,500,000 · 20% down · 7.16%
Principal & interest
$45,992
Property taxes
$1,000
Home insurance
$1,771
Home price
$8,500,000
Down payment
$1,700,000 · 20%
Interest rate
7.16%
Estimates only. Actual costs vary by lender, credit score, and market conditions.
238 Buttonwood Dr, Key Biscayne, FL 33149 is currently listed at $8,500,000. That works out to approximately $2,029 per square foot.
This property features 6 bedrooms, 6.5 bathrooms, 4,190 sq ft of living space.
The most recent tax bill for 238 Buttonwood Dr, Key Biscayne, FL 33149 is $12,000/yr (~$1,000/mo). Florida primary residents may qualify for a homestead exemption that reduces this amount.
Based on current MLS data, no HOA fee is listed for this property. We recommend confirming with the seller's disclosure or your agent, as some communities charge fees not reflected in MLS.
238 Buttonwood Dr, Key Biscayne, FL 33149 is located in Key Biscayne, FL 33149. School assignments are set by the county school board and can change. Verify with the county school district before enrolling.
At $8,500,000, this home is listed 582% above the Tropical Isle Homes Sub 4 census median home value of $1,246,268. Actual sale price is set by negotiation.
Explore more information about the area, neighborhood, and property types
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Listed By: Douglas Elliman · 786.300.6334

All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2026 BeachesMLS, Inc.
Listing information is provided in part by the MIAMI + RWorld Internet Data Exchange program. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated temporarily unavailable. Equal Housing Opportunity.
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Concrete
2026
| Date | Event | Price | Change | $/Sq Ft | Source |
|---|---|---|---|---|---|
| May 21, 2026 | Listed for Sale | $8,500,000 | — | $2,029 | MIAMI + RWorld |
| Sep 28, 2023 | Sold | $2,700,000 | 97% of asking | $644 | MIAMI + RWorld |
| Jan 13, 2023 | Listed for Sale | $2,795,000 | — | $667 | MIAMI + RWorld |
Single-family homes in ZIP 33149
Compare Against
Buyer's market or seller's market?
Listed at $8,500,000 vs. the $4,950,000 median in ZIP 33149, at $2,029/sqft vs. $1,538/sqft, and on the market 123 days vs. a median of 96.
Buyer's market · 7.4 months of supply
37
Homes For Sale Now
53
Sold In Last 12 Months
5
Cut Price In Last 30 Days
93.3%
Median Sold Vs. Asking
What this means for you: Buyers have room to negotiate. Homes are taking longer to sell, and a price at or below the median per square foot is realistic.
Price per sqft vs. recent sales
Listed 28% above the median sold price per sqft for similar homes here.
Similar single-family homes sold in the last 6 months · 20 salesMedian Sold Price
$4,950,000
+38.5% vs. last year
Median Sold $/Sq Ft
$1,538
+10.1% vs. last year
Sold Vs. Asking
93.3%
91.3% of original list price
Median Days to Sell
96
Was 93 a year ago
Median sold price per sqft
3-month rolling · $1,273 to $1,950
In ZIP 33149. This list stays on the tightest city market with at least 3 sales.
Home
Sold Price
Sold
Days on Market
5 Bd · 5.5 Ba · 4,003 Sqft
$5,790,000
$1,446/sqft
Oct 2026
151
5 Bd · 5.5 Ba · 3,688 Sqft
$6,400,000
$1,735/sqft
Oct 2026
17
5 Bd · 4 Ba · 2,821 Sqft
$3,800,000
$1,347/sqft
Oct 2026
141
6 Bd · 8.5 Ba · 3,842 Sqft
$7,767,500
$2,022/sqft
Oct 2026
90
3 Bd · 2 Ba · 1,312 Sqft
$2,800,000
$2,134/sqft
Sep 2026
403