1 /
29
Map
$690,000
●
Condo -
For Sale
55 Ocean Lane Dr #2030
Key Biscayne, FL 33149
1 Bed
2 Baths,
1
Half Bath
972 Sqft
$3,906
Est. Monthly
4.32%
Cap Rate
About This Property
This 1 bedroom 1.5 bath unit is fully remodeled, impact windows are
being installed, assessment are already paid. Soft close kitchen
cabinets, stainless steel appliances, recessed lighting. Bedroom
has plenty of closet space, with walk in closet and custom built in
cabinet. Bathroom with double sinks. This building has open
hallways that offer a very serene and tropical atmosphere with its
lush trees, gardens and ponds. It has two pools and a gym. Beach
access within walking distance.
Unit Size
972Ft²
Days on Market
63 days
Land Size
-
Price per sqft
$710
Property Type
Condo
Property Taxes
$518
HOA Dues
-
Year Built
-
Listed By
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income
Per Year
Expenses
Per Year
Operating Profit
Per Year
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.
You can learn more about cap rate here .
Last updated: 2 months ago (Miami MLS #A11639419)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 10, 2024 | Listed by EXP Realty LLC | $690,000 | |
| Listed by EXP Realty LLC | |||
| Aug 17, 2022 | Sold | $560,000 | |
| Sold | |||
| Sep 22, 2019 | No longer available | - | |
| No longer available | |||
| Jun 28, 2019 | Price Decreased |
$495,000
↓ $5K
(1%)
|
|
| Price Decreased | |||
| Jun 25, 2019 | Listed by Fortune International Realty Key Biscayne Inc | $500,000 | |
| Listed by Fortune International Realty Key Biscayne Inc | |||
|
|||
|
TOTALLY RENOVATED, 1 Bedroom, 1.5 Bath Unit! Interior Features
Marble Floors Throughout The Entertainment Areas, OPEN KITCHEN With
Stainless Steel Appliances & LED Recessed Lighting. The Master
Bedroom Offers A Custom Cabinet With Huge Amounts Of Storage. The
Marble Master Bathroom Provides Double Sinks, LED Recessed Lighting
& A HUGE, Walk-in Shower With Frameless Glass Doors! Washer/Dryer
In Marble Half Bath Area! Charming Complex Offers Lush Gardens,
Fountains, Two Pools…
|
|||
Show More
Property Highlights
Parking Available
Garage
Elevator
Doorman
Air Conditioning
Parking Details
Has Garage
Parking Features: 1 Space, Assigned, Guest
Garage Spaces: 1
Covered Parking Spaces: 1
Interior Details
Half Bathrooms: 1
Full Bathrooms: 1
Bedrooms: 1
Bedroom Features: Entry Level
Interior Features: Built-in Features, Walk-In Closet(s)
Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Washer
Flooring Type: Carpet, Marble
Exterior Details
Has Property Attached
Square Footage: 972
Security Features: Other, Walled
Year Built: 1982
Building Name: OCEAN VILLAGE CONDO
Building Area Total: 972
Building Area Units: Square Feet
Building Area Total: 972
Lot Size Units: Square Feet
Financial Details
Tax Legal Description: OCEAN VILLAGE CONDO UNIT 2030 UNDIV .526% INT IN COMMON ELEMENTS OFF REC 11681-1949 OR 18720-2992 0799 1
Tax Annual Amount: $6,212
Tax Year: 2020
Parcel Number: 24-42-32-023-1180
Utilities Details
Cooling Type: Central Air, Electric
Heating Type: Central, Electric
Location Details
HOA/Condo/Coop Amenities: Elevator(s), Exercise Room, Pool, Trash Chute, Vehicle Wash Area
HOA Fee Frequency: Quarterly
55 Ocean Lane Dr #2030, Key Biscayne, FL, 33149
By submitting your information, you agree RealtyHop can share your information with its network of real estate & mortgage professionals (or through their agents) and consent to receive marketing emails, calls, & texts related to your inquiry (including via automatic telephone dialing system, or artificial or pre-recorded voice technology) from Movoto or their affiliates to the email address or number you provided. By proceeding, you agree to our Terms of Service.
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
2
Beds
2
Baths
1,242 ft²
$648/ft²
$805,000
Dec 4, 2023
$805,000
Mar 15, 2024
$1,383/mo
Condo
2
Beds
2
Baths
1,450 ft²
$538/ft²
$780,000
Jan 17, 2024
$780,000
Jun 25, 2024
$2,292/mo
Condo
2
Beds
2
Baths
1,450 ft²
$474/ft²
$687,500
Oct 13, 2023
$687,500
Mar 12, 2024
$2,127/mo
Condo
2
Beds
2
Baths
1,242 ft²
$573/ft²
$712,000
Jan 25, 2022
$712,000
Apr 12, 2024
$1,473/mo
Condo
3
Beds
2
Baths
1,734 ft²
$395/ft²
$685,000
Mar 30, 2014
$685,000
Jul 14, 2014
$1,278/mo
In Contract
Condo
1
Bed
2
Baths
972 ft²
$638/ft²
$620,000
Sep 5, 2024
-
$1,438/mo
In Contract
Condo
1
Bed
2
Baths
1,009 ft²
$792/ft²
$799,000
Aug 5, 2024
-
$1,679/mo
In Contract
Condo
2
Beds
2
Baths
1,335 ft²
$576/ft²
$769,000
Aug 2, 2024
-
$1,849/mo
In Contract
Condo
2
Beds
2
Baths
1,450 ft²
$542/ft²
$786,000
May 31, 2024
-
$2,127/mo
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
05/09/2024
|
1 Bed
|
2 Bath
|
972 ft²
|
$542,000
1 Bed
2 Bath
972 ft²
|
$520,000
-4.06%
07/10/2024
|
-
|
Milayda Urena
Avanti Way Realty LLC
|
|
|
02/15/2024
|
|
1 Bed
|
1 Bath
|
972 ft²
|
$530,000
1 Bed
1 Bath
972 ft²
|
$520,000
-1.89%
04/08/2024
|
-
|
Rocio Goris
Miami Waterfront Realty
|
|
01/17/2024
|
2 Bed
|
2 Bath
|
1450 ft²
|
$830,000
2 Bed
2 Bath
1450 ft²
|
$780,000
-6.02%
06/25/2024
|
-
|
Ignacio Villanueva
Florida Capital Realty
|
|
|
10/30/2023
|
3 Bed
|
2 Bath
|
1734 ft²
|
$1,199,000
3 Bed
2 Bath
1734 ft²
|
$895,000
-25.35%
04/18/2024
|
-
|
German Botero
Fortune International Realty
|
|
|
10/16/2023
|
2 Bed
|
2 Bath
|
1450 ft²
|
$859,000
2 Bed
2 Bath
1450 ft²
|
$839,000
-2.33%
02/23/2024
|
-
|
June Warner
Onyx Realty
|
|
|
06/23/2023
|
2 Bed
|
2 Bath
|
1450 ft²
|
$845,000
2 Bed
2 Bath
1450 ft²
|
-
-
|
-
|
Isabel Gonzalez PA
IMG Real Estate Professional
|
|
|
05/17/2023
|
2 Bed
|
2 Bath
|
1450 ft²
|
$850,000
2 Bed
2 Bath
1450 ft²
|
$837,000
-1.53%
07/11/2023
|
Milayda Urena
Avanti Way Realty
|
||
|
04/04/2023
|
2 Bed
|
2 Bath
|
1450 ft²
|
$849,000
2 Bed
2 Bath
1450 ft²
|
-
-
|
-
|
Jacqueline Cabrera
One Sotheby's International Realty
|
|
|
01/27/2023
|
2 Bed
|
2 Bath
|
1450 ft²
|
$749,000
2 Bed
2 Bath
1450 ft²
|
-
-
|
-
|
Juliette Varona
Sea Grove Realty
|
|
|
01/18/2023
|
1 Bed
|
1.5 Bath
|
972 ft²
|
$569,000
1 Bed
1.5 Bath
972 ft²
|
-
-
|
-
|
Cristina Brennan
One Sotheby's International Realty
|
|
|
06/28/2022
|
1 Bed
|
1.5 Bath
|
972 ft²
|
$550,000
1 Bed
1.5 Bath
972 ft²
|
-
-
|
-
|
Milayda Urena
Avanti Way Realty LLC
|
|
|
06/16/2022
|
2 Bed
|
2 Bath
|
1450 ft²
|
$895,000
2 Bed
2 Bath
1450 ft²
|
-
-
|
-
|
Milayda Urena
Avanti Way Realty LLC
|
|
|
04/25/2022
|
3 Bed
|
2 Bath
|
1734 ft²
|
$1,250,000
3 Bed
2 Bath
1734 ft²
|
-
-
|
-
|
Alicia Gilbert
BHHS EWM Realty
|
|
|
01/06/2022
|
|
1 Bed
|
2 Bath
|
-
|
$495,000
1 Bed
2 Bath
|
-
-
|
-
|
Rocio Goris
Miami Waterfront Realty
|
|
07/14/2021
|
1 Bed
|
2 Bath
|
972 ft²
|
$495,000
1 Bed
2 Bath
972 ft²
|
-
-
|
-
|
Karen Holmquist
Compass Florida LLC
|
|
|
06/14/2021
|
3 Bed
|
2 Bath
|
1734 ft²
|
$839,900
3 Bed
2 Bath
1734 ft²
|
-
-
|
-
|
Jorge Stuyck
CHARLES RUTENBERG REALTY INC
|
|
|
05/14/2021
|
3 Bed
|
2 Bath
|
1734 ft²
|
$839,000
3 Bed
2 Bath
1734 ft²
|
$823,000
-1.91%
07/26/2021
|
-
|
Lacey Irl
Semsch Realty
|
|
|
04/26/2021
|
1 Bed
|
2 Bath
|
972 ft²
|
$449,000
1 Bed
2 Bath
972 ft²
|
-
-
|
-
|
Rocio Goris
Miami Waterfront Realty
|
|
|
01/27/2021
|
2 Bed
|
2 Bath
|
1450 ft²
|
$625,000
2 Bed
2 Bath
1450 ft²
|
-
-
|
-
|
Teresita DeBlank
Berkshire Hathaway HomeServices Florida Realty
|
|
|
01/12/2021
|
3 Bed
|
2 Bath
|
1734 ft²
|
$740,000
3 Bed
2 Bath
1734 ft²
|
$831,000
+12.30%
07/28/2021
|
Guillermo Teran
Avanti Way
|
||
|
11/09/2020
|
1 Bed
|
2 Bath
|
972 ft²
|
$395,000
1 Bed
2 Bath
972 ft²
|
-
-
|
-
|
Angel Angulo
The Keyes Company
|
|
|
10/14/2020
|
3 Bed
|
2 Bath
|
1734 ft²
|
$745,000
3 Bed
2 Bath
1734 ft²
|
$722,000
-3.09%
03/25/2021
|
Mariela Valdez
BHHS EWM Realty
|
||
|
01/30/2020
|
1 Bed
|
2 Bath
|
972 ft²
|
$399,000
1 Bed
2 Bath
972 ft²
|
-
-
|
-
|
Valerie Hummel Leach
BHHS EWM Realty
|
|
|
06/25/2019
|
1 Bed
|
1 Bath
|
972 ft²
|
$500,000
1 Bed
1 Bath
972 ft²
|
-
-
|
-
|
Douglas Kinsley
Fortune International Realty Key Biscayne Inc
|
|
|
02/13/2019
|
2 Bed
|
2 Bath
|
1450 ft²
|
$539,000
2 Bed
2 Bath
1450 ft²
|
$475,000
-11.87%
07/10/2019
|
Gloria Mendia
Shelton and Stewart REALTORS
|
||
|
07/25/2018
|
1 Bed
|
2 Bath
|
972 ft²
|
-
1 Bed
2 Bath
972 ft²
|
-
-
|
-
|
Maureen Jauregui
Fortune International Realty
|
|
|
06/19/2018
|
2 Bed
|
2 Bath
|
1450 ft²
|
-
2 Bed
2 Bath
1450 ft²
|
-
-
|
-
|
-
|
|
|
06/19/2018
|
2 Bed
|
2 Bath
|
1450 ft²
|
-
2 Bed
2 Bath
1450 ft²
|
-
-
|
-
|
-
|
|
|
02/13/2018
|
1 Bed
|
2 Bath
|
972 ft²
|
$400,000
1 Bed
2 Bath
972 ft²
|
-
-
|
-
|
Brenda Bly
RE/MAX Advance Realty
|
|
|
05/01/2015
|
1 Bed
|
2 Bath
|
972 ft²
|
$420,000
1 Bed
2 Bath
972 ft²
|
$410,000
-2.38%
06/26/2015
|
-
|
Carlos Paesano
Astor Realty, LLC
|
Building Info
55 Ocean Lane Drive
55 Ocean Lane Drive, Key Biscayne, FL 33149
- 2 Units for Sale
About Key Biscayne
Similar Homes for Sale
Nearby Rentals
$4,200 /mo
- 1 Bed
- 1 Bath
- 1,089 ft²
$4,200 /mo
- 1 Bed
- 1 Bath
- 1,114 ft²
Listed by: Martha Ledesma Guevara
EXP Realty LLC
Last Updated: 2 months ago
Data Source: Miami MLS, MLS# A11639419
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.
EXP Realty LLC
Last Updated: 2 months ago
Data Source: Miami MLS, MLS# A11639419
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc. CalDRE: 00494703
