550 Ocean Drive

550 Ocean Drive is a condo located in Village of Key Biscayne, Key Biscayne.

Interested in learning more about the building? There are many great amenities and features for residents in the building. There are 40 closings on record, of which we have matching data for 2 listings. In the past 3 years, a listing in this building will typically remain on the market for about 133 days and tend to sell below the original asking price of $573,500 by 5.85%. Meaning, listings tend to sell at a median of $433 price per square foot. The transaction that took the longest to complete was unit 3E, listed on Dec 06, 2020 for $500,000. This particular unit ultimately sold 164 days later for $460,000. The most recent transaction was for unit 5C, sold for $644,000 on Apr 25, 2023. Fun fact, the oldest transaction we have on record took place on Dec 17, 1993. See the full transaction history for 550 Ocean Drive below.

Village of Key Biscayne, where 550 Ocean Drive is located, has a median asking price of $1,375,000 for condo buildings. Meanwhile, the building itself has a median asking price of $573,500. For interested buyers, that means the building's median asking price is around 0.58% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

There is currently one active listing for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. The asking price for the only active sales listing is $720,000. It is a 3-bedroom and 2-bathroom unit.