About This Unit
The Best Value in Key Biscayne—your island paradise awaits. Priced at just $399,000, this is the lowest-priced condo on the Key and one of the rare opportunities where short-term rentals are permitted (5-day minimum, no association approval required). Ideal for investors, a pied-à-terre, weekend escape, guest suite, or income-producing rental. Located just one block from the beach via a public path next to the Key Biscayne Beach Club, this light-filled 1BD/1BA residence offers 590 SF of easy living. Features include Saltillo tile floors, a sleek galley kitchen with new appliances, dedicated dining area, open living space, and a versatile sunken sunroom/den with added storage. Freshly painted and move-in ready, the unit is bright, airy, and surrounded by multi-million-dollar homes and condos—delivering exceptional value with upside potential. One assigned parking space (#35). Low HOA at $681/month with no special assessments. Pet-friendly building with a community pool. Governor’s Lodge, a classic 1963 Key Biscayne residence, stands as one of the island’s enduring originals—timeless, charming, and low-maintenance. Enjoy as-is or renovate to your vision.
Schedule your private showing at Governors Lodge.
Walk the unit with someone who knows this building inside out. Get pricing history, negotiation strategy, and the things the listing won't tell you.
- Governors Lodge is a 3-story low-rise at 300 Sunrise Dr, Key Biscayne, FL 33149, built 1963. Currently 1 active listing on the market, with active asking prices ranging up to $399K.
- Neighborhood: Key Biscayne. Key Biscayne is connected to Miami by the Rickenbacker Causeway (4-mile drive with toll booths), separately incorporated as the Village of Key Biscayne in 1991. Top-rated public schools, state park access (Bill Baggs Cape Florida + Crandon), and the Miami Open tennis tournament. Suburban-island feel, 10 minutes from Brickell.
- Buyer profile here: Family buyers prioritizing public schools, empty-nesters wanting beachfront-island lifestyle without resort-intensity, sailing/golf/tennis-driven decisions.
- Built 1963 (now 63 years old) -- past Florida's 25-year structural recertification trigger.
- Value-tier inventory with active asking prices up to $399K.
- At 3 stories, Governors Lodge is low-rise scale -- fewer total units typically means a more intimate building feel.
- Compared anchor: Compared to Fisher Island (private, ferry-only, no public access), Key Biscayne is connected to the mainland and has commercial/school infrastructure.
- Rental rules vary per association in this market -- most Miami-Dade condos require 6 or 12-month minimum leases. Verify per-association before assuming Airbnb potential.
- Pre-offer diligence: Causeway tolls run $40-$80/month for residents with SunPass. Rush-hour timing matters for primary-residence buyers commuting to Brickell.
- Ricky has worked the Key Biscayne market for years and can pull HOA documents, recent comps, and reserve study status on any unit you're considering. Text (305) 33-RICKY -- that's (305) 337-4259 -- for a same-week walk-through.
| Date | Price | Type |
|---|---|---|
| Jan 2000 | $128,000 | arm’s-length |
| Apr 1998 | $114,000 | arm’s-length |
