615 Ocean Dr #2B
About This Property
The manager has listed the unit size as 1772 square feet.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 5, 2021 | Sold | ||
| Sold | |||
| Jul 31, 2021 | No longer available | - | |
| No longer available | |||
| Jun 28, 2021 | Listed | $1,795,000 | |
| Listed | |||
| | |||
|
Steps from the beach, this spacious & bright 3 Bedroom unit is a must see! Enjoy a relaxed island lifestyle at the Sands of Key Biscayne, a private boutique condominium fully remodeled in 2020. Natural light flows through the unit, offering gorgeous ocean views. Generous closet space & private elevator with one neighbor per floor. Heated pool, inviting BBQ area, new lobbies, landscape and walkways throughout and 24 HR security. The special assessment of $24K has been fully paid upfront. Tenant occupied until Dec. 2021, with very limited access and advance notification from serious pre-qualified Buyers only. The manager has listed the unit size as 1772 square feet.
| |||
| Dec 4, 2019 | No longer available | - | |
| No longer available | |||
| Jul 17, 2019 | Price Decreased |
$1,590,000
↓ $60K
(3.6%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/16/2023
|
3 Bed
|
3 Bath
|
1772 ft²
|
$3,390,000
3 Bed
3 Bath
1772 ft²
|
-
-
|
Daniel Lopez
Mari Real Estate & Management Group, Inc
| |
|
06/28/2021
|
3 Bed
|
3 Bath
|
1772 ft²
|
$1,795,000
3 Bed
3 Bath
1772 ft²
|
$1,725,000
-3.90%
10/05/2021
|
Claudine Coto
One Sotheby's International Realty
| |
|
05/13/2020
| |
Loft
|
3 Bath
|
1772 ft²
|
$2,100,000
Loft
3 Bath
1772 ft²
|
-
-
|
Juan Estrada
Engel & Volkers Miami Coral Gables
|
|
05/18/2019
|
3 Bed
|
3 Bath
|
1772 ft²
|
$1,650,000
3 Bed
3 Bath
1772 ft²
|
-
-
|
Claudine Coto
One Sotheby's International Realty
|
Building Info
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017