34
Map
$720,000
●
Condo -
In Contract
550 Ocean Drive #3H
Key Biscayne, FL 33149
3 Beds
2 Baths
$5,703
Est. Monthly
$1,413
HOA / Fees
About This Property
Bright and spacious 2-bedroom + den / 2-bath residence with an
enclosed balcony and floor-to-ceiling windows that flood the unit
with natural light. The den offers true flexibility as a third
bedroom, office, or additional living space. Oversized primary
suite with walk-in closet and well-sized secondary bedroom. Impact
windows in bedrooms. Galen Breakers is a well-maintained boutique
building with heated pool, BBQ area, and party room. Prime Key
Biscayne location within walking distance to the beach, dining, and
shops. Includes 1 parking space.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Condo
Property Taxes
$754
HOA Dues
$1,413
Year Built
-
Listed By
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Cap Rate Calculator
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Monthly Rental Income
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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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 21 days ago (Miami MLS #A11998371)
Price History
Property Highlights
Parking Available
Garage
Elevator
Air Conditioning
Parking Details
Has Garage
Parking Features: Additional Spaces Available
Garage Spaces: 1
Interior Details
Full Bathrooms: 2
Interior Features: First Floor Entry
Appliances: Dishwasher, Microwave, Electric Range, Refrigerator
Flooring Type: Wood
Exterior Details
Has Property Attached
Security Features: Lobby Secured
Architectural Style: Garden Apartment, High Rise
Year Built: 1969
Building Name: GALEN BREAKERS CONDO
Building Area Units: Square Feet
Construction Materials: CBS Construction
Patio and Porch Features: Patio
Lot Size Units: Square Feet
Financial Details
Tax Annual Amount: $9,046
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Location Details
HOA/Condo/Coop Amenities: Clubhouse, Pool
HOA Fee: $1,413
HOA Fee Frequency: Monthly
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
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/15/2021
|
2 Bed
|
2 Bath
|
1325 ft²
|
$649,000
2 Bed
2 Bath
1325 ft²
|
$625,000
-3.70%
06/25/2021
|
Angela Ocampo
BHHS EWM Realty
| |
|
02/07/2021
|
2 Bed
|
2 Bath
|
1325 ft²
|
$590,000
2 Bed
2 Bath
1325 ft²
|
-
-
|
Brigitte De Langeron
Fortune International Realty
| |
|
12/06/2020
|
2 Bed
|
2 Bath
|
1325 ft²
|
$500,000
2 Bed
2 Bath
1325 ft²
|
$460,000
-8.00%
05/19/2021
|
Virginia Lattanzi
KB Realty
| |
|
05/19/2020
|
2 Bed
|
2 Bath
|
1325 ft²
|
$499,000
2 Bed
2 Bath
1325 ft²
|
-
-
|
Angela Ocampo
BHHS EWM Realty
| |
|
04/04/2020
|
2 Bed
|
2 Bath
|
-
|
$499,000
2 Bed
2 Bath
|
-
-
|
Virginia Lattanzi
KB Realty
| |
|
02/18/2020
|
2 Bed
|
2 Bath
|
1325 ft²
|
$599,000
2 Bed
2 Bath
1325 ft²
|
-
-
|
David Deleon
Douglas Elliman
| |
|
03/18/2019
|
3 Bed
|
2 Bath
|
1325 ft²
|
$585,000
3 Bed
2 Bath
1325 ft²
|
-
-
|
Luis Urcuyo
Beachfront Realty Inc
| |
|
07/25/2019
|
2 Bed
|
2 Bath
|
1325 ft²
|
$499,000
2 Bed
2 Bath
1325 ft²
|
-
-
|
Virginia Lattanzi
KB Realty
| |
|
10/14/2018
|
2 Bed
|
2 Bath
|
1325 ft²
|
$465,000
2 Bed
2 Bath
1325 ft²
|
-
-
|
Elena Iturriaga
Arch Realty Inc
| |
|
06/19/2018
| |
2 Bed
|
2 Bath
|
1325 ft²
|
-
2 Bed
2 Bath
1325 ft²
|
-
-
|
-
|
|
06/19/2018
|
2 Bed
|
2 Bath
|
1325 ft²
|
-
2 Bed
2 Bath
1325 ft²
|
-
-
|
-
| |
|
07/30/2017
| |
2 Bed
|
2 Bath
|
1325 ft²
|
-
2 Bed
2 Bath
1325 ft²
|
-
-
|
-
|
Building Info
About Key Biscayne
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Listed by: Carlos Pizarro
South Florida Brokers & Assoc
Last Updated: 21 days ago
Data Source: Miami MLS, MLS# A11998371
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.
South Florida Brokers & Assoc
Last Updated: 21 days ago
Data Source: Miami MLS, MLS# A11998371
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017