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Map
$620,000
●
Condo -
In Contract
55 Ocean Lane Dr #3029
Key Biscayne, FL 33149
1 Bed
2 Baths,
1
Half Bath
972 Sqft
$4,483
Est. Monthly
$995
HOA / Fees
3.02%
Cap Rate
About This Property
Very spacious corner apartment, located on the third floor, offers
a perfect blend of comfort and tropical charm. Featuring a spacious
walk-in closet, in-unit washer and dryer, and plenty of natural
light, this home is designed for ease and enjoyment. Step out onto
the balcony to enjoy your morning coffee or evening breeze in
peace.
Situated in Key Biscayne Ocean Lane Drive, this condominium captures the relaxed and tropical lifestyle. Residents enjoy pedestrian access to the beach, open hallways framed by lush tropical landscaping, and a wide range of amenities including a fully equipped gym, two pools, a cozy jacuzzi, community BBQs, a party room, and 24/7 security.
Don't miss the opportunity to make this charming corner unit your new home in paradise.
Situated in Key Biscayne Ocean Lane Drive, this condominium captures the relaxed and tropical lifestyle. Residents enjoy pedestrian access to the beach, open hallways framed by lush tropical landscaping, and a wide range of amenities including a fully equipped gym, two pools, a cozy jacuzzi, community BBQs, a party room, and 24/7 security.
Don't miss the opportunity to make this charming corner unit your new home in paradise.
Unit Size
972Ft²
Days on Market
-
Land Size
-
Price per sqft
$638
Property Type
Condo
Property Taxes
$443
HOA Dues
$995
Year Built
-
Listed By
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Cap Rate Calculator
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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: 19 days ago (Miami MLS #A11652865)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 23, 2024 | In contract | - | |
| In contract | |||
| Sep 5, 2024 | Listed by Coldwell Banker Realty | $620,000 | |
| Listed by Coldwell Banker Realty | |||
| Sep 24, 2004 | Sold to Ana N Barroso | $265,000 | |
| Sold to Ana N Barroso | |||
| Sep 23, 1998 | Sold to Adele M Hayes | $140,000 | |
| Sold to Adele M Hayes | |||
Property Highlights
Parking Available
Garage
Elevator
Doorman
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: Third Floor Entry, Elevator, Walk-In Closet(s)
Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Washer
Flooring Type: Tile
Dining Room Features: Dining/Living Room
Exterior Details
Square Footage: 972
Security Features: Smoke Detector, Guard At Site
Architectural Style: Corner Unit
Year Built: 1982
Building Name: Ocean Village
Building Area Total: 972
Building Area Units: Square Feet
Building Area Total: 972
Construction Materials: CBS Construction
Patio and Porch Features: Open Balcony
Lot Size Units: Square Feet
Financial Details
Tax Legal Description: OCEAN VILLAGE CONDO UNIT 3029 UNDIV .526% INT IN COMMON ELEMENTS OFF REC 11681-1949 OR 18288-1550 0898 1 COC 22679-4237 08 2004 1
Tax Annual Amount: $5,313
Tax Year: 2023
Parcel Number: 24-42-32-023-1150
Utilities Details
Cooling Type: Electric
Heating Type: Electric
Location Details
HOA/Condo/Coop Amenities: Elevator(s), Exercise Room, Pool
HOA Fee: $2,986
HOA Fee Frequency: Quarterly
55 Ocean Lane Dr #3029, 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
1
Bed
2
Baths
972 ft²
$535/ft²
$520,000
May 9, 2024
$520,000
Jul 10, 2024
$1,438/mo
Sold
House
1
Bed
1
Bath
972 ft²
$535/ft²
$520,000
Feb 15, 2024
$520,000
Apr 8, 2024
$1,075/mo
Condo
2
Beds
2
Baths
1,450 ft²
$474/ft²
$687,500
Oct 13, 2023
$687,500
Mar 12, 2024
$2,127/mo
Active
Condo
1
Bed
2
Baths
972 ft²
$710/ft²
$690,000
Aug 10, 2024
-
$518/mo
In Contract
Condo
1
Bed
2
Baths
1,059 ft²
$614/ft²
$650,000
Aug 24, 2024
-
$1,861/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
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Nearby Rentals
$4,200 /mo
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Listed by: Maigualida Garcia Rodulfo
Coldwell Banker Realty
Last Updated: 19 days ago
Data Source: Miami MLS, MLS# A11652865
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.
Coldwell Banker Realty
Last Updated: 19 days ago
Data Source: Miami MLS, MLS# A11652865
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc. CalDRE: 00494703
