650 Ocean Dr #10E
About This Property
The manager has listed the unit size as 1518 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%.
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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 |
|---|---|---|---|
| Dec 29, 2025 | Sold | ||
| Sold | |||
| Dec 13, 2025 | In contract | - | |
| In contract | |||
| Oct 16, 2025 | Listed | $1,050,000 | |
| Listed | |||
| | |||
|
2 BEDROOMS UNIT + 2 FULL BATHS + ENCLOSED DEN WITH WINDOW THAT COULD BE USED AS A 3RD BEDROOM. Located at Bahia Mar Condominium, walk across the street to the ocean and beach. This home has been fully renovated and upgraded with unique taste and style. Living & Dining area, fully renovated kitchen open to the social area. Washer and dryer inside the unit. Master bedroom with lots of natural light, huge walk-in closet, dual sinks master bathroom, shower & bidet. Second bedroom with big bathroom w/bathtub. 3rd bedroom, office, den or dining room that could be enclosed with wood sliding doors. Den has its own window. 2 assigned parking spaces. Storage and Wood floors throughout the unit. Enjoy quiet amenities like pool, pool deck, gym and a great lobby with sitting area.
| |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Jun 24, 2021 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/04/2022
|
3 Bed
|
2 Bath
|
1847 ft²
|
$1,395,000
3 Bed
2 Bath
1847 ft²
|
-
-
|
Carlos Coto
One Sotheby's International Realty
| |
|
07/27/2022
|
2 Bed
|
2 Bath
|
1562 ft²
|
$1,350,000
2 Bed
2 Bath
1562 ft²
|
-
-
|
Ana Cuan
BHHS EWM Realty
| |
|
05/23/2022
|
3 Bed
|
3 Bath
|
1935 ft²
|
$1,849,900
3 Bed
3 Bath
1935 ft²
|
-
-
|
Kid Leitao
Global Luxury Realty LLC
| |
|
07/19/2021
|
4 Bed
|
4 Bath
|
3365 ft²
|
$1,890,000
4 Bed
4 Bath
3365 ft²
|
-
-
|
Riley Smith
BHHS EWM Realty
| |
|
01/05/2021
|
2 Bed
|
2 Bath
|
1562 ft²
|
$749,995
2 Bed
2 Bath
1562 ft²
|
-
-
|
Jonathan Coto
Smart Choice Realty & Financial Services Inc
| |
|
11/16/2020
|
3 Bed
|
3 Bath
|
1935 ft²
|
$890,000
3 Bed
3 Bath
1935 ft²
|
-
-
|
Sylvia Iriondo
BHHS EWM Realty
| |
|
11/08/2020
|
3 Bed
|
3 Bath
|
2162 ft²
|
$874,900
3 Bed
3 Bath
2162 ft²
|
$862,500
-1.42%
04/20/2021
|
Richard Leiva
Bayview International Realty
| |
|
10/30/2019
|
3 Bed
|
2 Bath
|
1518 ft²
|
$815,000
3 Bed
2 Bath
1518 ft²
|
-
-
|
Dolores Urdapilleta
Urdapilleta Real Estate, LLC
| |
|
01/31/2019
|
3 Bed
|
3 Bath
|
1935 ft²
|
$795,000
3 Bed
3 Bath
1935 ft²
|
-
-
|
Karen Holmquist
Compass Florida LLC
| |
|
09/19/2018
|
3 Bed
|
3 Bath
|
2162 ft²
|
-
3 Bed
3 Bath
2162 ft²
|
-
-
|
Marta Amador
Shelton and Stewart REALTORS
| |
|
06/19/2018
|
2 Bed
|
2 Bath
|
1562 ft²
|
-
2 Bed
2 Bath
1562 ft²
|
-
-
|
-
| |
|
06/14/2018
|
3 Bed
|
3 Bath
|
1935 ft²
|
$1,249,000
3 Bed
3 Bath
1935 ft²
|
-
-
|
Kid Leitao
Global Luxury Realty LLC
| |
|
04/16/2018
|
3 Bed
|
2 Bath
|
1847 ft²
|
$1,099,000
3 Bed
2 Bath
1847 ft²
|
-
-
|
Douglas Kinsley
Fortune International Realty Key Biscayne Inc
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017