The 1986 Virginia Slims of Florida, also known as the VS of Florida, was a women's tennis tournament played on outdoor hard courts in Key Biscayne, Florida in the United States that was part of the 1985 Virginia Slims World Championship Series.

[a] It was the eighth edition of the tournament and was held from January 27 through February 2, 1986.

First-seeded Chris Evert-Lloyd won the singles title, her third consecutive at the event.

[1] Chris Evert Lloyd defeated Steffi Graf 6–3, 6–1 Kathy Jordan / Elizabeth Smylie defeated Betsy Nagelsen / Barbara Potter 7–6, 2–6, 6–2