- Year built
- 1965
- Residences
- 10
- Building area
- 8,759 sq ft
- Median residence
- 833 sq ft
- FEMA flood zone
- Zone AE · BFE 9 ft
- Latest arms-length sale
- $625,000 · Jun 2025
- Median sale (10 yr)
- $440,000
- Recorded transfers
- 46
Indies is a 10-residence boutique condominium building at 195 Sunrise Drive, on Key Biscayne. County records list 1965 as the year built. It has a median residence of 833 square feet.
The recorded market runs to 31 arms-length sales since 1973, an annual turnover rate of 10 percent of the building over the past decade, and a median of $158 per square foot. Across 21 same-unit resales, 90 percent sold above their prior recorded price, with a median gain of 52 percent over a median hold of 6.9 years. The 5 sales since 2023 carry a median of $639 per square foot, against a record that opens in 1973 and spans several market cycles.
Own a residence at Indies? See what it would sell for.
Choose what fits: a property-specific pricing review informed by local transaction records and market research, a conversation about buying in this market, or help planning a move between markets. Local representation is coordinated where appropriate.
646.939.7375 · c.cohen@compass.com
At a glance
Common name: Indies. The condominium is named Indies Condo.
Building type: Low-rise condominium
Floors: Two
Amenities: Pool, beach access, bike room, laundry in the building, assigned and guest parking
Source: The Roebling Research Desk.
Why Indies matters
Indies is a 10-residence, two-story condominium from 1965 on Key Biscayne. A pool and beach access serve its owners.
Ten owners carry the structure's costs. Review any reserve study, milestone inspection and the insurance position before the unit.
Key Biscayne
Key Biscayne is a barrier island village between Biscayne Bay and the Atlantic, reached from the mainland by the Rickenbacker Causeway. Crandon Park lies to the north and Bill Baggs Cape Florida State Park at the southern tip. The village center runs along Crandon Boulevard. Sunrise Drive is in the village area of the southern half of the island.
The island is largely residential, with a mix of single-family houses, townhouses and condominium buildings, and its own village government.
Architecture and unit composition
The building was completed in 1965, is two stories and has 10 residences. Request floor plans from the association or seller and do not rely on any quoted square footage without them.
The building predates the current Florida Building Code and the post-1992 wind-load standards. Ask directly about impact windows, roof replacement and electrical upgrades.
Building operations
The building has a pool, a bike room, in-building laundry, assigned parking and guest parking. Ask whether there is an on-site manager or a management company, and who maintains the pool and grounds.
Florida's milestone inspection and structural integrity reserve study rules apply to condominium buildings of three or more stories. This building has two floors; ask whether it falls under the rules, and ask for any inspection report and repair list. Ask also for any structural integrity reserve study (SIRS), the reserve balance and whether the association has waived or partially funded reserves, the current budget and financial statements, the insurance certificate and the status of any assessment or loan. With 10 owners, each unit carries a larger share of any assessment.
Policy framework
Policies, fees and applications, including pets, leasing, minimum lease terms, guest rules and any resale approval, are set by the association and should be confirmed at offer stage. Confirm rental and subletting rules with the association.
Sales context
One recorded sale, June 2025, at $625,000. It is one sale, not a building price.
Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
What to know if you're buying at Indies
Start with the documents. Request any milestone report, SIRS and reserve balance before the unit tour.
Insure it first. In flood zone AE, get wind and flood quotes before you are out of the inspection period.
Confirm the access. Ask in writing what beach access and pool rights come with the unit and who maintains them.
What to know if you're selling at Indies
Have the building reports ready. Have any milestone report and reserve study ready; providing them early shortens diligence.
Document updates. Record roof, windows and systems work, with dates.
Comparable buildings
- Key Cassa — a small condominium at 200 Sunrise Drive, Key Biscayne, built in 1965.
- Key Colony — a larger Key Biscayne condominium community.
The neighborhood
For the full neighborhood — its buildings and recorded pricing — read The Roebling Index guide to Key Biscayne.
Run the numbers
- Miami buyer closing cost calculator — documentary stamps on the mortgage, intangible tax, title insurance and the condo estoppel.
- Miami seller closing cost calculator — the deed documentary stamp tax, title, closing and association transfer fees.
Related guides
- Post-Surfside Miami condo diligence — milestone inspections, structural integrity reserve studies and special assessments.
- Florida Save Our Homes, explained — the assessment cap, the homestead exemption and portability.
Recorded sales history
Recorded transfers for this building in Miami-Dade County public records, back to Oct 1973. Prices reflect the recorded consideration; transfers the Property Appraiser does not qualify as arms-length are shown unmarked. Nominal-consideration paper transfers (deeds into trusts and LLCs, estate and family transfers, corrective deeds) are part of the record but not sales, and are omitted from this table. Recording lags closing, so the newest sales can take several weeks to appear.
| Date | Residence | Size | Price | Arms-length |
|---|---|---|---|---|
| Jun 2025 | 4 | 891 sf | $625,000 | ✓ |
| Mar 2025 | 8 | 676 sf | $463,000 | ✓ |
| Dec 2024 | 9 | 689 sf | $440,000 | ✓ |
| Sep 2023 | 10 | 1,261 sf | $650,000 | ✓ |
| Mar 2023 | 10 | 1,261 sf | $650,000 | ✓ |
| Nov 2022 | 8 | 676 sf | $447,500 | ✓ |
| Aug 2022 | 1 | 833 sf | $410,000 | ✓ |
| Sep 2021 | 7 | 790 sf | $320,000 | ✓ |
| Nov 2020 | 8 | 676 sf | $289,500 | ✓ |
| Jan 2020 | 10 | 1,261 sf | $370,000 | |
| Jun 2019 | 9 | 689 sf | $207,000 | ✓ |
| Jun 2016 | 4 | 891 sf | $325,000 | ✓ |
| May 2014 | 6 | 833 sf | $266,000 | ✓ |
| Jul 2013 | 4 | 891 sf | $44,600 | |
| Oct 2011 | 1 | 833 sf | $157,000 | |
| Jul 2006 | 7 | 790 sf | $294,000 | ✓ |
| Mar 2004 | 7 | 790 sf | $186,000 | ✓ |
| Mar 2004 | 6 | 833 sf | $175,000 | ✓ |
| Oct 2002 | 3 | 848 sf | $175,000 | |
| Nov 2001 | 5 | 833 sf | $125,000 | ✓ |
| Apr 2001 | 7 | 790 sf | $125,000 | ✓ |
| Mar 2000 | 9 | 689 sf | $105,000 | ✓ |
| Apr 1999 | 8 | 676 sf | $101,000 | ✓ |
| Mar 1997 | 2 | 1,105 sf | $125,000 | ✓ |
| Aug 1994 | 9 | 689 sf | $83,000 | ✓ |
| Jul 1994 | 3 | 848 sf | $88,500 | ✓ |
| May 1992 | 2 | 1,105 sf | $116,500 | ✓ |
| Aug 1987 | 6 | 833 sf | $57,000 | |
| Oct 1986 | 2 | 1,105 sf | $78,000 | ✓ |
| Oct 1983 | 3 | 848 sf | $67,000 | ✓ |
| Nov 1979 | 2 | 1,105 sf | $79,500 | ✓ |
| Aug 1979 | 7 | 790 sf | $49,500 | ✓ |
| Jul 1976 | 6 | 833 sf | $38,000 | ✓ |
| Jun 1976 | 1 | 833 sf | $38,500 | ✓ |
| Nov 1975 | 8 | 676 sf | $37,500 | ✓ |
| Oct 1973 | 8 | 676 sf | $31,500 | ✓ |
✓ = qualified arms-length per the Miami-Dade Property Appraiser. 10 nominal-consideration paper transfers omitted.
This page reflects publicly available information compiled by The Roebling Research Desk. Specific building details should be confirmed with the association during due diligence; the recorded Declaration of Condominium, the current building budget, the current tax bill, the structural integrity reserve study and milestone-inspection status should be reviewed for any specific transaction. © 2026 The Roebling Team at Compass.
Considering a move at Indies?
Request a private building brief with the relevant recorded sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com
Building facts and sales records are compiled from Miami-Dade County public records (Property Appraiser) and reviewed against recognized architectural references. Figures are reported as recorded and may be updated as the county updates its records. This page is informational and is not an offer or solicitation. Apartment estimates are automated, from public records, and are not appraisals.
The Roebling Team at Compass is led by Corey Cohen, a New York licensed associate real estate broker. For a purchase or sale in Miami, we introduce you to a licensed Compass agent there by referral and handle the New York side of your move ourselves. This page and its calculators are research, not an offer of representation.
To plan a move between Manhattan and Miami, schedule a consultation; where appropriate we’ll introduce you to a vetted Compass agent in the local market.