About Galen Drive Condominium
Galen Drive Condominium is a 3-story condominium at 240 Galen Dr. Completed in 1967. MLS records most often show about 3 stories.
Key Biscayne is an island village reached by the Rickenbacker Causeway, with Crandon Park to the north and Bill Baggs Cape Florida State Park to the south. Because the building dates to 1967, review the association’s reserves, assessments and milestone-inspection status before you buy.
Building Fees & Assessments
Association fee data for this building isn't yet compiled from MLS listings -- contact us for current figures on a specific unit.
Galen Drive Condominium is 59+ years old, which puts it within Florida's Milestone Inspection requirement (SB 4-D, post-Surfside law covering condo/co-op buildings 3+ stories, coastal buildings inspected at 25 years and every 10 years after). Request the building's most recent milestone inspection report, structural integrity reserve study (SIRS), and reserve fund status before purchasing -- these determine whether a special assessment is likely.
Specific reserve fund balances, pending special assessments, and financial statements aren't public MLS data -- request them directly from the condo association or your agent before making an offer.
Rental Potential
See the live "Monthly rental from" figure above for Galen Drive Condominium's current lowest asking rent, and the market snapshot's closed-lease count and median rent for actual rental demand over the trailing 12 months -- both update automatically, unlike a number written here. Specific rental rules -- minimum lease term, rentals allowed per year, and whether short-term/Airbnb-style rentals are permitted -- are set by the condo association and vary by building. Verify current rental restrictions directly with the association before buying as an investment.
Frequently Asked Questions
Is Galen Drive Condominium pet-friendly?
Galen Drive Condominium does not generally allow pets. Verify current pet policy directly with the building association before purchasing.
Can I rent out my unit at Galen Drive Condominium?
Long-term rentals are generally permitted at Galen Drive Condominium, though minimum lease terms and any short-term rental restrictions vary by building. Verify the current rental policy directly with the association before purchasing as an investment.
Where is Galen Drive Condominium?
At 240 Galen Dr in Key Biscayne.
When was Galen Drive Condominium built?
It was completed in 1967. We did not find a developer or architect confirmed by more than one source, so we do not state one.
How tall is Galen Drive Condominium?
MLS records most often show 3 stories.
Reviewed by Carlos Olivares, FL License #3051724. Last updated October 2026.