The Mackle’s are well known by being the early single homes development in Key Biscayne, Florida. They are named on behalf of the Mackle brothers who were the first developers to designed and build single homes in the island. Their first land acquisition was of 220 acres during early 1950s.
They are considered the first home developers on the key of single house homes , the Key Biscayne Hotel and the Yatch Club . They have been awarded as the founders of modern Key Biscayne.
The Mackle homes were basically “beach homes” of aprox. 1200 sqft with three bedrooms, one bath and a small porch entrance. Their opening price was at $9.900 . They were considered the least expensive homes around the miami real estate market of the time, the thought of the drawbridge , humid mangroves and mosquitoes drew potential buyer away.
Their main marketing strategy was to attract primarily WWII veterans, who purchased their homes thru GI Bill Financing provided by the Veteran Administration. Their only requirement was a $500 down payment at closing.
The original lots were aprox 7500sqft, forcing later on remodeling designs to concentrate on three leveled storied homes designs to maximize the land space.
It was until the 80s that real transformation of the island began with the new bridge the Rickenbacker Causeway, commuting became a 15~20 mins drive, making it more attractive for miami buyers.
The Federal Flood Control in addition to a new style of life, new technologies and architecture & design have played another important role on the disappearance of the Mackle Homes. Most Mackle’s have been enlarged, improved, landscaped and disguised with the mandatory ordinances to comply with the flood code and insurance requisitions, many have been forced to sell at knock down prices.
During the last real estate boom, the Mackle Houses were purchased at a knocked down price of +/- $1.4MM. Today nearly half of the 1366 original family lots have been replaced by newer homes with approved code elevated structures to meet flood standard new regulations and insurance requirements.
Some old timers refuse to sell, not even with the incredible return over the initial investment. With the sell price of $1.4MM they will not be able to purchase another single unit home in Key Biscayne, a market that has well off surpass the $2MM.
Some other folks and Key Rats wish the island could go back to how it was before the big developments transform it from a WWII veteran retiree community to most wanted upscale real estate luxury market.