Galen Drive Condominium
240 Galen Dr · Built 1967 · 3 floors · 42 residences
1 of 2 are priced $450K+ and browsable on own.miami; the stats above cover every unit for sale.
Galen Drive Condominium is a low-rise at 240 Galen Dr on Key Biscayne, with 3 floors and 42 residences, built in 1967. The building sits in FEMA zone AE, part of the Special Flood Hazard Area, where FEMA maps a 1% yearly chance of flooding and lenders require flood insurance on federally backed or regulated mortgages. It is also in Miami-Dade hurricane evacuation zone A. The lowest street next to the building is 1.6 ft above the highest tide predicted for 2026 at Virginia Key.
On the 2025 Florida tax roll, 17% of the 42 units carry a homestead exemption and 41% are owned by a company or trust. The financeability tier is cash, with an index of 29 of 100, meaning recent purchases were mostly paid in cash according to recorded deeds and mortgages. The Miami-Dade Clerk recorded 1 resale deed in the 12 months to October 21, 2026.
A public records check last run on October 23, 2026 found no liens, lawsuits or regulatory complaints at watch level or higher.
Part of the Galen Drive Condominium complex
Sister towers that share the same development, address and often amenities — compare availability across the complex.
Getting around
Key Biscayne is a walkable urban neighborhood. Transit, parks, dining and landmarks within reach:
A data-grounded score for Galen Drive Condominium from live market data — value, momentum, liquidity, building health, waterfront and age. Computed, not opinion.
Get new listings here before the portals, and a straight answer from someone who knows the building.
Inventory
Sold $/sqft trend
3-month rolling median of closed sales in Galen Drive Condominium; bars are closings per month.
Location
Nearby buildings within half a mile.
Building facts
- Address
- 240 Galen Dr
- Year built
- 1967
- Floors
- 3
- Residences
- 42
- Waterfront
- No
Amenities
- · Beach Access
- · Clubhouse
Building rules
- Parking
- The building offers assigned parking spaces, with some units including one assigned space.
Special assessments & recertification outlook
ElevatedPublic records checked Oct 29, 2026: no liens, lawsuits or regulatory complaints found for the association.
- Listings note no special assessment currently
- Built 1967 — past its first structural milestone; next inspection around 2032
Estimated from Galen Drive Condominium’s age and signals in active listings — not an official inspection or reserve report. Always verify the building’s milestone-inspection status and reserves with the association before buying.
Financeability
What the banks say about Galen Drive Condominium: recorded purchase mortgages, the down payments they accepted, and the programmes in use.
- Mortgages recorded, 12 months
- 1
- 1 from banks and credit unions · purchases and refinances
- Sales bank-financed
- —
- 1 recorded sales, 12 months · Resales only
- Average down payment
- —
- Lowest down payment accepted
- —
Medium confidence · As of 2026-10-31
Source: Miami-Dade County official records and the FHA/VA approval lists. Aggregates only; individual instruments are never shown. Compare with Key Biscayne
Flooding and storm surge
Public flood data at this building’s location, read Oct 22, 2026.
- FEMA flood zone
- Zone AE: high-risk area. FEMA maps a 1% yearly chance of flooding here.
- Base flood elevation on the map: 9.0 ft (NGVD29).
- Hurricane evacuation zone
- Zone A
- Miami-Dade storm surge planning zones run from A (called first) to E. The county decides which zones evacuate in a storm.
- Ground at the building
- 3.8 ft
- Lowest nearby street
- 2.6 ft
- Highest predicted tide, 2026
- 1.0 ft
Elevations in feet above the NAVD88 datum.
The lowest street next to this building sits 1.6 ft above this year’s highest predicted tide (Oct 27, 2026).
Estimated from public data, not a flood determination. Check the FEMA flood map and an elevation certificate for this building.
Legal & Regulatory
No material litigation foundCivil court cases involving the condominium association, classified by what they are about. Routine collections against individual owners are counted separately and do not affect the building’s standing.
- Active material lawsuits
- 0
- Owner / association disputes
- 0
- Routine collection cases
- 0
- DBPR complaints
- 0
- Open DBPR complaints
- 0
No civil cases involving the association were found on the Miami-Dade docket in the last five years.
DBPR registration PR1S016575 · Approved,Recorded. Public complaints on record with the Florida Division of Condominiums; investigations are confidential and not counted.
Court records are matched to the association by name and summarized by us; a case is a claim, not a finding. Ask the association for its litigation disclosure before buying.
Frequently asked
How much do condos at Galen Drive Condominium cost?+
There are 2 condos for sale at Galen Drive Condominium, from $445,000, with a median asking price of $470,000 ($648/sqft).
How much are the HOA fees at Galen Drive Condominium?+
HOA / maintenance fees at Galen Drive Condominium run around $752 per month among units currently for sale; the exact fee varies by unit size and line, so confirm the current amount with the listing or the condo association.
When was Galen Drive Condominium built?+
Galen Drive Condominium was built in 1967, 3 stories, 42 residences.
We track every listing here, every day. Get the next one before it hits the portals — and a straight answer from someone who knows the building.
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