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Single Family Residence
$3,550,000$1,631 / sqft
255 Ridgewood Rd, Key Biscayne FL 33149
Listed
4
Bedrooms
3
Bathrooms
2,177 sqft
Interior
1953
Year built
None
HOA
Single Family Residence
Type
About this home
A beautifully remodeled residence offering a refined blend of style, comfort, and seamless indoor-outdoor living. Recently upgraded with impact windows and doors installed in February with warranty, the light-filled interiors showcase travertine flooring, fresh paint, and updated lighting throughout. The renovated kitchen features stainless steel appliances, a wine cooler, and flows effortlessly into expansive living spaces, including a formal living room and a spacious dining and family area overlooking the pool and garden. A thoughtful split floor plan enhances privacy, highlighted by a generous primary suite with a custom walk-in closet and direct pool access, along with a secondary bedroom featuring its own bath and pool entry. Additional improvements include updated bathrooms, new AC ductwork with linear vents, an upgraded electrical panel, and a tankless water heater. Outdoors, a palm-lined yard surrounds the pool within fully fenced grounds with dual aluminum gates. A new aluminum roof installed in September 2024, two AC systems, sprinkler system, and ample parking complete this well-appointed home.
Features
- First Floor Entry
- Laundry Tub
- Other
- Utility Room/Laundry
- Pool
Leasing
- Minimum lease
- Not stated
- Ok To Lease
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 4-bed rentals in Key Biscayne, from 7 active listings; the middle half ask $12,900–$18,900.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.