$1,156,011*
●
Condo -
Off Market
650 Ocean Dr #8B
Key Biscayne, FL 33149
2 Beds
2 Baths
1,562 Ft²
$990,000 - $1,210,000
Reference Base Price*
5.09%
Since May 1, 2023
FL-Miami
Primary Model
About This Property
Live the island life at Bahia Mar, a small boutique building on Key
Biscayne with only 3 units per floor. Just steps to the beach.
Light-filled, open living spaces with spectacular ocean views.
Updates include impact glass, porcelain tile flooring, renovated
baths & European-style kitchen with quartz (Caesarstone)
countertops, stainless appliances & center island with bar seating.
Spacious primary suite offers walk-in closet w/ custom built-ins
and large bath featuring a frameless glass rain shower. In unit
laundry room. 2 assigned/secured parking spaces. Building amenities
include chic lobby, on-site manager, clubhouse room, BBQ area,
fitness center, bike storage & heated pool with ocean breezes. All
assessments paid by seller at closing.
The manager has listed the unit size as 1562 square feet.
The manager has listed the unit size as 1562 square feet.
Unit Size
1,562 Ft²
Days on Market
-
Land Size
-
Price per sqft
$704
Property Type
Condo
Property Taxes
$898
HOA Dues
$1,162
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 28, 2023 | No longer available | - | |
| No longer available | |||
| Mar 8, 2023 | In contract | - | |
| In contract | |||
| Jan 27, 2023 | Price Decreased |
$1,100,000
↓ $150K
(12%) | |
| Price Decreased | |||
| Sep 16, 2022 | Price Decreased |
$1,250,000
↓ $100K
(7.4%) | |
| Price Decreased | |||
| Jul 27, 2022 | Listed | $1,350,000 | |
| Listed | |||
Property Highlights
Air Conditioning
With View
Exterior Details
Block
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 |
|---|---|---|---|---|---|---|---|
|
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
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017