31
Map
$1,500,000
●
Condo -
For Sale
101 Ocean Lane Dr #1017
Key Biscayne, FL 33149
3 Beds
2 Baths
1,734 Ft²
$9,920
Est. Monthly
$2,122
HOA / Fees
7.16%
Cap Rate
About This Property
Located on the first floor at Ocean Village, a gated community and
the most landscaped apartment complex in Key Biscayne. The entire
4-floor building is being renovated. 1017 is a corner unit with
spacious floor plan featuring a living-dining-kitchen area relating
to a sizable Lanai on a secluded landscaped cove. The floor is
covered with imitation wood vinyl. The bathrooms have new vanities,
showers & bidet. Ample closets throughout, some with Krosswood
doors and Mortise locks. Hurricane windows. Two parking spaces.
Ocean Village features a security gate, 2 pools, a hot tub, a
gym and a recreation room.
Unit Size
1,734 Ft²
Days on Market
40 days
Land Size
-
Price per sqft
$865
Property Type
Condo
Property Taxes
$432
HOA Dues
$2,122
Year Built
-
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 27 days ago (Miami MLS #A11739269)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 5, 2025 | Listed by BHHS EWM Realty | $1,500,000 | |
| Listed by BHHS EWM Realty | |||
| Jul 14, 2023 | No longer available | - | |
| No longer available | |||
| Jun 21, 2023 | Listed by BHHS EWM Realty | $1,295,000 | |
| Listed by BHHS EWM Realty | |||
 | |||
|
Located on the first floor of the most landscaped apt complex in
Key Biscayne. A corner unit with spacious floor plan featuring a
living-dining-kitchen area relating to a Lanai on a secluded cove &
waterfall. Recently renovated. The floor is covered with imitation
wood vinyl. The bathrooms have new vanities, showers, & a bidet.
Ample closets throughout, some with Krosswood doors & Mortise
locks. A gated four-story community with security guards, 2 pools,
a hot tub, rec room…
| |||
| Jan 14, 1998 | Sold to Wilfredo Borroto | ||
| Sold to Wilfredo Borroto | |||
Property Highlights
Parking Available
Garage
Elevator
Doorman
Air Conditioning
Parking Details
Has Garage
Has Carport
Parking Features: Detached Carport, 2 Or More Spaces, Assigned, Detached
Garage Spaces: 2
Covered Parking Spaces: 2
Interior Details
Full Bathrooms: 2
Master Bathroom Features: 2 Primary Bathrooms, Bidet, Dual Sinks, Shower Only
Bedrooms: 3
Bedroom Features: Entry Level, Primary Bedroom Ground Level
Interior Features: First Floor Entry, Built-in Features, Closet Cabinetry, Fire Sprinklers
Appliances: Trash Compactor, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Self Cleaning Oven, Washer
Flooring Type: Vinyl
Laundry Features: Washer/Dryer Hook-Up
Dining Room Features: Dining/Living Room
Exterior Details
Has Property Attached
Square Footage: 1734
Security Features: Fire Sprinklers, Fire Alarm, Smoke Detector, Complex Fenced, Doorman, Elevator Secure
Property Condition: Updated/Remodeled
Architectural Style: Corner Unit
Year Built: 1982
Waterfront Features: Ocean Access
Building Name: OCEAN VILLAGE CONDO
Building Area Total: 1734
Building Area Units: Square Feet
Building Area Total: 1734
Window Features: Blinds, Sliding
Construction Materials: CBS Construction
Patio and Porch Features: Open Porch
Lot Size Units: Square Feet
Financial Details
Tax Legal Description: OCEAN VILLAGE CONDO UNIT 1017 UNDIV .873% INT IN COMMON ELEMENTS OFF REC 11681-1949 OR 17943-0969 1297 1
Tax Annual Amount: $5,181
Tax Year: 2024
Parcel Number: 24-42-32-023-0650
Utilities Details
Cooling Type: Central Air, Electric
Heating Type: Central, Electric
Location Details
HOA/Condo/Coop Amenities: Barbecue, Bike Storage, Clubhouse-Clubroom, Exercise Room, Exterior Lighting, Heated Pool, Pool, Trash Chute, Vehicle Wash Area
HOA Fee: $6,366
HOA Fee Frequency: Quarterly
101 Ocean Lane Dr #1017, Key Biscayne, FL, 33149
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Condo
3
Beds
2
Baths
1,820 ft²
$673/ft²
$1,225,000
Nov 4, 2024
$1,225,000
Feb 14, 2025
$2,761/mo
Condo
3
Beds
3
Baths
1,611 ft²
$993/ft²
$1,600,000
Oct 6, 2023
$1,600,000
Apr 30, 2024
$2,673/mo
Condo
3
Beds
2
Baths
1,892 ft²
$671/ft²
$1,270,000
Oct 19, 2023
$1,270,000
Nov 30, 2023
$951/mo
Condo
3
Beds
2
Baths
1,715 ft²
$729/ft²
$1,250,000
Nov 29, 2023
$1,250,000
May 6, 2024
$3,207/mo
Condo
3
Beds
2
Baths
1,600 ft²
$688/ft²
$1,100,000
Oct 12, 2024
$1,100,000
Jan 22, 2025
$3,044/mo
Condo
3
Beds
2
Baths
1,820 ft²
$709/ft²
$1,290,000
Aug 10, 2023
$1,290,000
Nov 2, 2023
$3,013/mo
Active
Condo
3
Beds
2
Baths
1,734 ft²
$865/ft²
$1,500,000
Jan 12, 2025
-
$3,316/mo
Active
Condo
3
Beds
2
Baths
1,584 ft²
$900/ft²
$1,425,000
Jan 6, 2025
-
$3,074/mo
Active
Condo
2
Beds
2
Baths
1,531 ft²
$882/ft²
$1,350,000
Oct 28, 2024
-
$2,749/mo
Active
Condo
3
Beds
2
Baths
1,360 ft²
$956/ft²
$1,300,000
Mar 10, 2025
-
$2,335/mo
Active
Condo
2
Beds
2
Baths
1,496 ft²
$999/ft²
$1,495,000
Feb 8, 2025
-
$3,359/mo
In Contract
Condo
2
Beds
2
Baths
1,715 ft²
$787/ft²
$1,350,000
Feb 27, 2025
-
$3,368/mo
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
05/31/2024
|
2 Bed
|
2 Bath
|
1450 ft²
|
$786,000
2 Bed
2 Bath
1450 ft²
|
$744,370
-5.30%
10/04/2024
|
-
|
Stephen Hachey
Flat Fee MLS Realty
| |
|
01/31/2024
|
2 Bed
|
2 Bath
|
1450 ft²
|
$899,000
2 Bed
2 Bath
1450 ft²
|
$875,000
-2.67%
05/13/2024
|
-
|
Patricia Praca
Coldwell Banker Realty
| |
|
10/13/2023
|
2 Bed
|
2 Bath
|
1450 ft²
|
$914,000
2 Bed
2 Bath
1450 ft²
|
$687,500
-24.78%
03/12/2024
|
-
|
Carlos Pena
MAK Realty Group
| |
|
07/19/2023
|
2 Bed
|
2 Bath
|
1450 ft²
|
$1,090,000
2 Bed
2 Bath
1450 ft²
|
$870,000
-20.18%
01/31/2024
|
-
|
Margarita Alegrett
BHHS EWM Realty
| |
|
06/21/2023
|
3 Bed
|
2 Bath
|
1734 ft²
|
$1,295,000
3 Bed
2 Bath
1734 ft²
|
-
-
|
-
|
Marilyn Borroto
BHHS EWM Realty
| |
|
01/20/2023
|
2 Bed
|
2 Bath
|
1450 ft²
|
$875,000
2 Bed
2 Bath
1450 ft²
|
-
-
|
-
|
Alex Lipzer
Key Biscayne Realty Group, Inc
| |
|
06/03/2022
|
2 Bed
|
2 Bath
|
1450 ft²
|
$975,000
2 Bed
2 Bath
1450 ft²
|
-
-
|
-
|
David Deleon
Compass Florida, LLC
| |
|
04/25/2022
|
1 Bed
|
2 Bath
|
972 ft²
|
$560,000
1 Bed
2 Bath
972 ft²
|
-
-
|
-
|
Milayda Urena
Avanti Way Realty LLC
| |
|
09/23/2021
|
2 Bed
|
2 Bath
|
1450 ft²
|
$689,000
2 Bed
2 Bath
1450 ft²
|
-
-
|
-
|
Monica Betancourt
BHHS EWM Realty
| |
|
09/18/2021
|
2 Bed
|
2 Bath
|
1766 ft²
|
$799,900
2 Bed
2 Bath
1766 ft²
|
-
-
|
-
|
Anna Wellman
Douglas Elliman
| |
|
08/27/2021
|
2 Bed
|
2 Bath
|
1450 ft²
|
$749,000
2 Bed
2 Bath
1450 ft²
|
-
-
|
-
|
Heloisa Candido
Compass Florida, LLC.
| |
|
07/07/2021
|
2 Bed
|
2 Bath
|
1450 ft²
|
$649,900
2 Bed
2 Bath
1450 ft²
|
$649,900
09/17/2021
|
Marilu Chavez
Village Realty of S. Florida
| ||
|
04/09/2021
|
3 Bed
|
2 Bath
|
1734 ft²
|
$889,000
3 Bed
2 Bath
1734 ft²
|
-
-
|
-
|
Christian Balbontin
Compass Florida, LLC.
| |
|
02/23/2021
|
2 Bed
|
2 Bath
|
1450 ft²
|
$780,000
2 Bed
2 Bath
1450 ft²
|
$730,000
-6.41%
11/19/2021
|
Alejandra Peraza-Halvorssen
Fortune International Realty Key Biscayne Inc
| ||
|
01/21/2021
|
2 Bed
|
2 Bath
|
1450 ft²
|
$560,000
2 Bed
2 Bath
1450 ft²
|
$540,000
-3.57%
06/03/2021
|
Carlos Olivares
BHHS EWM Realty
| ||
|
05/22/2020
|
2 Bed
|
2 Bath
|
-
|
$495,000
2 Bed
2 Bath
|
$440,000
-11.11%
01/15/2021
|
Brigitte De Langeron
Fortune International Realty
| ||
|
09/23/2019
|
1 Bed
|
1 Bath
|
972 ft²
|
$395,000
1 Bed
1 Bath
972 ft²
|
-
-
|
-
|
Bruno Ricci
Fortune International Realty Brickell Inc
| |
|
08/02/2019
|
2 Bed
|
2 Bath
|
-
|
$570,000
2 Bed
2 Bath
|
-
-
|
-
|
Alejandra Peraza-Halvorssen
Fortune International Realty Key Biscayne Inc
| |
|
03/13/2019
|
2 Bed
|
2 Bath
|
1450 ft²
|
$469,000
2 Bed
2 Bath
1450 ft²
|
$412,500
-12.05%
08/13/2019
|
Mona Lenghea
Julies Realty, LLC
| ||
|
08/15/2018
|
1 Bed
|
1 Bath
|
972 ft²
|
$425,000
1 Bed
1 Bath
972 ft²
|
-
-
|
-
|
Bruno Ricci
Fortune International Realty Brickell Inc
| |
|
06/19/2018
|
2 Bed
|
2 Bath
|
1450 ft²
|
-
2 Bed
2 Bath
1450 ft²
|
-
-
|
-
|
-
| |
|
04/24/2018
|
3 Bed
|
2 Bath
|
1734 ft²
|
$690,000
3 Bed
2 Bath
1734 ft²
|
$675,500
-2.10%
01/07/2019
|
Guillermo Teran
Avanti Way
| ||
|
01/25/2018
| |
2 Bed
|
2 Bath
|
1450 ft²
|
-
2 Bed
2 Bath
1450 ft²
|
-
-
|
-
|
-
|
|
03/30/2014
|
3 Bed
|
2 Bath
|
1734 ft²
|
$695,000
3 Bed
2 Bath
1734 ft²
|
$685,000
-1.44%
07/14/2014
|
-
|
Desare Kohn-Laski
Skye Louis Realty Inc
|
Building Info
101 Ocean Lane Drive
101 Ocean Lane Drive, Key Biscayne, FL 33149
- 3 Units for Sale
About Key Biscayne
Similar Homes for Sale
$1,495,000
- 2 Beds
- 2 Baths
- 1,496 ft²
$1,300,000
- 3 Beds
- 2 Baths
- 1,360 ft²
Nearby Rentals
$4,500 /mo
- 1 Bed
- 1 Bath
- 895 ft²
$4,500 /mo
- 2 Beds
- 1 Bath
- 875 ft²
Listed by: Marilyn Borroto
BHHS EWM Realty
Last Updated: 27 days ago
Data Source: Miami MLS, MLS# A11739269
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
BHHS EWM Realty
Last Updated: 27 days ago
Data Source: Miami MLS, MLS# A11739269
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc. CalDRE: 00494703
