Own Key Biscayne

Solimar of Key Biscayne

255 Galen Dr · Built 1979 · 4 floors · 39 residences

Recently sold (2)
For sale
0
0 pending
Sold, 12 months
1
2 recorded sales
Last sale
$720K
Apr 22, 2026
Last sale, per sqft
$695/sqft
$695/sqft sold, 12 mo
Solimar of Key Biscayne
Listing photo · courtesy of Village Realty of S. Florida · MLS #A11683323
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Solimar of Key Biscayne sits at 255 Galen Dr on Key Biscayne, a 4-story building of 39 residences completed in 1979. The Property Appraiser records it as Solimar Condo of Key Biscayne.

The building is in FEMA flood 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 federally regulated mortgages. It is also in Miami-Dade hurricane evacuation zone A. The lowest street next to the building is 1.5 ft above the highest tide predicted for 2026 at Virginia Key.

On the 2025 Florida tax roll, 33% of the 39 units carry a homestead exemption and 21% are owned by a company or trust. The Miami-Dade Clerk recorded 1 resale deed in the 12 months to October 21, 2026. A public records check last run on October 20, 2026 found no liens, lawsuits or regulatory complaints at watch level or higher.

Getting around

Key Biscayne is a walkable urban neighborhood. Transit, parks, dining and landmarks within reach:

Crandon ParkBill Baggs Cape Florida State ParkRickenbacker CausewayCrandon Park MarinaKey Biscayne Village GreenMiami Seaquarium
75
/ 100
A−
own.miami Score

A data-grounded score for Solimar of Key Biscayne from live market data — value, momentum, liquidity, building health, waterfront and age. Computed, not opinion.

Value79
$695/sqft — vs. Key Biscayne condos, then all of Miami
Momentum50
Recent price trend
Liquidity94
0.0 months of supply
Health100
Public records checked — no liens, lawsuits or complaints on file
Waterfront55
Not waterfront
Age27
Built 1979 — vs. Key Biscayne buildings
own.miami Condo Index
127Above market100 = the median Miami condo building's price per sq ft; 200 = twice it.
Rank
#214 of 698 tracked Miami condos
Top 31% by price per sq ft
#28 of 45 in Key Biscayne
Momentum
→ Steady
$695/sqft median ask
Liquidity
Warm
See the full Condo Index →

Inventory

Sold $/sqft trend

3-month rolling median of closed sales in Solimar of Key Biscayne; bars are closings per month.

$595$655$715Nov 2024Feb 2026Apr 2026

Location

Nearby buildings within half a mile.

Building facts

Address
255 Galen Dr
Year built
1979
Floors
4
Residences
39
Developer
SLC Condo., LTD. 814 Ponce DE Leon Blvd.,
Waterfront
No

Amenities

  • · Pool
  • · Party room
  • · Beach access
  • · Security cameras

Building rules

Parking
The building offers assigned parking spaces.

Special assessments & recertification outlook

Elevated

Public records checked Oct 31, 2026: no liens, lawsuits or regulatory complaints found for the association.

  • Built 1979 — past its first structural milestone; next inspection around 2034

Estimated from Solimar of Key Biscayne’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 Solimar of Key Biscayne: recorded purchase mortgages, the down payments they accepted, and the programmes in use.

24Mostly cash
Mortgages recorded, 12 months
5
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
—
Loan programmes, 24 months:Conventional 1Private lenders 3Other 1

Low confidence — few loans · 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
4.6 ft
Lowest nearby street
2.5 ft
Highest predicted tide, 2026
1.0 ft

Elevations in feet above the NAVD88 datum.

The lowest street next to this building sits 1.5 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.

How we measure thisCompare neighborhoods

Frequently asked

When was Solimar of Key Biscayne built?+

Solimar of Key Biscayne was built in 1979, 4 stories, 39 residences.

Who developed Solimar of Key Biscayne?+

Solimar of Key Biscayne was developed by SLC Condo., LTD. 814 Ponce DE Leon Blvd.,.

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