$1,569,000
●
Condo -
Off Market
605 OCEAN DR #4M
Key Biscayne, FL 33149
3 Beds
3 Baths
2,000 Ft²
$3,603,373
RealtyHop Estimate
113.34%
Since Jul 1, 2015
FL-Miami
Primary Model
About This Property
3/3 fully remodeled unit with ocean view in oceanfront building
with 24 hr. security, large pool with direct beach access.
Marble floors and spacious rooms. Includes interior
laundry and trash chute. Semi-private elevator (only one
neighbor per floor). Two wrap around balconies facing south,
north and west exposures with new hurricane impact windows
throughout.
Unit Size
2,000 Ft²
Days on Market
-
Land Size
-
Price per sqft
$845
Property Type
Condo
Property Taxes
$955
HOA Dues
$1,337
Year Built
-
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Cap Rate Calculator
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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: 3 years ago (Beaches MLS #F1336321)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 16, 2015 | Sold | ||
| Sold | |||
| Apr 10, 2015 | Listed by The Sheridan Network.com | $1,689,000 | |
| Listed by The Sheridan Network.com | |||
Property Highlights
Parking Available
Garage
Elevator
Parking Details
Has Garage
Garage Features: Detached
Parking Features: 1 Space, Assigned Parking
Garage: 1 Spaces
Interior Details
Full Bathrooms: 3
Interior Features: Elevator, Foyer Entry
Appliances: Other Equipment/Appliances
Flooring Type: Marble Floors
Dining Room: Dining/Living Room
Exterior Details
Listing Terms: No Terms
Construction Type: Cbs Construction
Exterior Features: Barbecue, Open Balcony, Storm/Security Shutters
Financial Details
Total Taxes: $11,454
Tax Year: 2014
Possession Information: Other
Utilities Details
Heating Type: Electric Heat
Cooling Type: Electric Cooling
Location Details
Location: 605 OCEAN DRIVE - UNIT 4M, KEY BISCAYNE, FLORIDA 33149 (THE SANDS OF KEY BISCAYNE)
Front Exposure: South East
Subdivision Complex Building: SANDS OF K.B
Water Access: Deeded Beach Access
Waterfront Description: Ocean Access, Ocean Front
HOA Details
HOA Fee: $1,337 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 |
|---|---|---|---|---|---|---|---|
|
08/24/2021
|
3 Bed
|
3 Bath
|
1772 ft²
|
$1,700,000
3 Bed
3 Bath
1772 ft²
|
-
-
|
Claudine Coto
One Sotheby's International Realty
| |
|
04/21/2021
|
3 Bed
|
3 Bath
|
1772 ft²
|
$1,790,000
3 Bed
3 Bath
1772 ft²
|
$1,750,000
-2.23%
06/22/2021
|
Teddy Mohlman Palomo
Keller Williams Miami Beach Realty
| |
|
09/02/2019
|
3 Bed
|
3 Bath
|
1772 ft²
|
$1,550,000
3 Bed
3 Bath
1772 ft²
|
-
-
|
Jose Zuluaga
Related ISG International Realty
| |
|
04/08/2019
|
3 Bed
|
3 Bath
|
1772 ft²
|
$1,500,000
3 Bed
3 Bath
1772 ft²
|
-
-
|
Claudine Coto
One Sotheby's International Realty
| |
|
12/06/2018
|
3 Bed
|
3 Bath
|
1772 ft²
|
$1,765,000
3 Bed
3 Bath
1772 ft²
|
-
-
|
Jose Zuluaga
Related ISG International Realty
| |
|
06/19/2018
| |
3 Bed
|
3 Bath
|
1772 ft²
|
-
3 Bed
3 Bath
1772 ft²
|
-
-
|
-
|
|
10/15/2018
|
3 Bed
|
3 Bath
|
1772 ft²
|
$1,795,000
3 Bed
3 Bath
1772 ft²
|
-
-
|
Thania Vernon
Fortune International Realty Key Biscayne Inc
| |
|
04/10/2015
|
3 Bed
|
3 Bath
|
2000 ft²
|
$1,689,000
3 Bed
3 Bath
2000 ft²
|
$1,569,000
-7.10%
06/16/2015
|
Cliff Glansen
FLATFEE.COM
|
Building Info
About Key Biscayne
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Listed by: Cliff Glansen
The Sheridan Network.com
Last Updated: 3 years ago
Data Source: Beaches MLS, MLS# F1336321
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.
The Sheridan Network.com
Last Updated: 3 years ago
Data Source: Beaches MLS, MLS# F1336321
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