111 Reef Ln, Key Biscayne FL 33149, KEY BISCAYNE, FL, 33149
Active204 days on marketListed Jan 12, 2026MLS #A11928646
About this home
111 Reef Ln, Key Biscayne FL 33149
Introducing a rare opportunity to own Villa 11, the largest and most coveted of only 12 exclusive villas at Oceana Key Biscayne. Situated on the largest lot in the community at 13,500 SF, this exceptional 7-bed, 5.5-bath residence offers unmatched privacy and space, with access to world-class amenities, including 500 FT of private beach, resort-style pools, on-site restaurant, fitness center, tennis court, and 24/7 security. Designed with a refined modern aesthetic, the villa is filled with natural light and features seamless indoor/outdoor living through expansive glass walls and lush landscaped surroundings, complemented by a private heated pool. Additional highlights include a gourmet chef’s kitchen, an expansive primary suite with dual walk-in closets and a private terrace, a library, maid’s quarters, and 4 parking spaces. Villa 11 offers unparalleled privacy while enjoying full access to Oceana’s world-class amenities.
Facts & features
The home at a glance
7
Bedrooms
5.5
Bathrooms
5,008
Sqft
2014
Year built
$2,296
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$82,060 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$82,060/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs Key Biscayne actives
$2,296 vs $1,203
Days on market
204 vs 62 typical
Where $2,296/sqft sits among the 134 Key Biscayne actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Village Of Key Biscayne
Get to know Key Biscayne. See the full Key Biscayne guide →
Village Of Key Biscayne — neighborhood snapshot
Population
14,603
Median age
44
Median income
$152,910
Median home value
$1,246,268
Avg household
3
Households w/ children
2,233
For the school run
Dade County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Key Biscayne market
$1.6M → $1.6M
Key Biscayne median sold, yr/yr
94.9%
Sale-to-list ratio (12 mo)
6 of 134
Key Biscayne actives have cut their price
This home is listed 44131% above the KEY BISCAYNE 33149 median. See the full Key Biscayne market guide →
Paper trail
This home's history
Reality check
What actually sold near 111 Reef Ln
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Jun ’26$5,150,000
350 Ocean Dr # 201N, Key Biscayne FL 33149 · same community
3 bd · 4 ba · 2,357 sqft · $2,185/sqft · 159 DOM
Sold · Dec ’25$4,600,000
360 Ocean Dr # 704S, Key Biscayne FL 33149 · same community
2 bd · 3.5 ba · 1,703 sqft · $2,701/sqft · 116 DOM
Sold · Feb ’26$8,200,000
320 Atlantic Road, Key Biscayne FL 33149
6 bd · 6.5 ba · 5,275 sqft · $1,555/sqft · 22 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Rui Ma
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 111 Reef Ln — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 111 Reef Ln — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to Rui's phone and CRM.
Straight answers
111 Reef Ln FAQs
What would the monthly payment be for 111 Reef Ln, Key Biscayne FL 33149?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $82,060/mo — principal and interest, the actual property-tax bill, the $9,740/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at 111 Reef Ln, Key Biscayne FL 33149?+
The association fee works out to $9,740 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 111 Reef Ln, Key Biscayne FL 33149?+
The most recent tax bill on record (2025) was $69,529. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 111 Reef Ln, Key Biscayne FL 33149?+
The listing reports pets: Restrictions Or Possible Restrictions. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Key Biscayne?+
At $11,500,000, this home is listed about 314% above the Key Biscayne median of $2,775,000. The market section on this page shows how the area is trending.
Which schools are assigned to 111 Reef Ln, Key Biscayne FL 33149?+
Key Biscayne K-8 Center (elementary), District Instructional Center (Dic) (), Coral Gables Senior High School (high), Ponce De Leon Middle School (middle), Instructional Center System Wide (), Title I Migrant Education Program () — Dade County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Positioned at the premium end
$11,500,000 runs 44131% above the KEY BISCAYNE 33149 median — but at 5,008 sqft it's also nearly 3 times the size of the typical Key Biscayne listing.
02Pool views
The pool view is part of what you're buying — views hold value independently of the structure.
03Know the monthly fee
The association fee is $9,740/mo. That usually buys real services — verify what's covered before comparing this home against fee-free alternatives.
04Time on market is leverage
204 days on market against a Key Biscayne median of 62 — sellers in this position are usually ready to negotiate.
Keep looking
Similar homes nearby
Listing courtesy of Compass Florida, LLC · Liz Hogan. MLS #A11928646.
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 Miami Association of REALTORS®.
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