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 li...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. Governors Lodge, a classic 1963 Key Biscayne residence, stands as one of the islands enduring originals?timeless, charming, and low-maintenance. Enjoy as-is or renovate to your vision.