350 Ocean Dr #401N
About This Property
The manager has listed the unit size as 3787 square feet.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 15, 2025 | Sold | ||
| Sold | |||
| Jan 29, 2025 | In contract | - | |
| In contract | |||
| Jan 3, 2025 | Listed | $9,300,000 | |
| Listed | |||
| | |||
|
One of a kind world class OCEANA is located directly 400 linear feet of Atlantic beachfront. Invest or live in the most luxurious building in Key Biscayne offering modern architecture and design. This amazing NORTH corner unit has 3 bedrooms, a service room, 6 baths, large laundry room and a huge wrap around balcony. Kitchen with white quartz countertops, master chef double oven, coffee system and wine cooler. The unit has a private elevator foyer with a split bedroom floor plan. Enjoy the beach, pool, lap pool, beach volleyball, tennis court, biking, spa, gym, full service bldg, and a Mediterranean beach restaurant will full service to the apartments. Business center and media room available for work meetings. Unit has been converted into 3 BIG suites, plus a service room with full bath.
| |||
| Jan 1, 2025 | No longer available | - | |
| No longer available | |||
| Sep 27, 2023 | No longer available | - | |
| No longer available | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/05/2022
|
4 Bed
|
6.5 Bath
|
3787 ft²
|
$9,300,000
4 Bed
6.5 Bath
3787 ft²
|
-
-
|
Kevin Waissmann
Fortune International Realty Brickell Inc
| |
|
03/09/2022
|
3 Bed
|
5 Bath
|
3005 ft²
|
$7,500,000
3 Bed
5 Bath
3005 ft²
|
$7,400,000
-1.33%
05/24/2022
|
Monica Slodarz
Big Time Properties, Inc.
| |
|
01/12/2022
|
2 Bed
|
3 Bath
|
1830 ft²
|
$3,974,000
2 Bed
3 Bath
1830 ft²
|
-
-
|
Ana Prado Contti
Global Luxury Realty LLC
| |
|
12/03/2021
|
2 Bed
|
3 Bath
|
1756 ft²
|
$3,265,000
2 Bed
3 Bath
1756 ft²
|
-
-
|
Elaine Kauffmann
Compass Florida, LLC
| |
|
11/04/2021
|
3 Bed
|
5 Bath
|
3005 ft²
|
$6,275,000
3 Bed
5 Bath
3005 ft²
|
-
-
|
James Duncan
Duncan Studio Real Estate Division PLLC
| |
|
08/25/2021
|
4 Bed
|
5 Bath
|
-
|
$8,900,000
4 Bed
5 Bath
|
$8,800,000
-1.12%
04/12/2022
|
Giulietta Ulloa
BHHS EWM Realty
| |
|
07/23/2021
|
2 Bed
|
4 Bath
|
1727 ft²
|
$3,300,000
2 Bed
4 Bath
1727 ft²
|
-
-
|
Jacqueline Molina
Illustrated Properties LLC (Jupiter)
| |
|
04/22/2020
|
2 Bed
|
3 Bath
|
1455 ft²
|
$1,550,000
2 Bed
3 Bath
1455 ft²
|
-
-
|
Claudine Coto
One Sotheby's International Realty
| |
|
07/31/2019
|
3 Bed
|
5 Bath
|
2257 ft²
|
$3,490,000
3 Bed
5 Bath
2257 ft²
|
-
-
|
Bruno Ricci
Fortune International Realty Brickell Inc
| |
|
10/02/2018
|
2 Bed
|
4 Bath
|
-
|
$2,950,000
2 Bed
4 Bath
|
$2,550,000
-13.56%
03/02/2019
|
Natalia Salgado
Fortune International Realty
| |
|
05/01/2017
|
3 Bed
|
5 Bath
|
4013 ft²
|
$5,900,000
3 Bed
5 Bath
4013 ft²
|
-
-
|
Bruno Ricci
Fortune International Realty Brickell Inc
| |
|
04/16/2017
|
4 Bed
|
8 Bath
|
4080 ft²
|
$8,990,000
4 Bed
8 Bath
4080 ft²
|
-
-
|
Bruno Ricci
Fortune International Realty Brickell Inc
| |
|
12/16/2014
|
2 Bed
|
3 Bath
|
1703 ft²
|
$3,700,000
2 Bed
3 Bath
1703 ft²
|
$3,400,000
-8.11%
11/03/2015
|
Linda Marie Joesoef
Capital Group Realty of South Florida
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017