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Waterfront · Condominium
$852,000$1,014 / sqft
177 OCEAN LANE Drive # 402, Key Biscayne FL 33149
Listed
1
Bedrooms
840 sqft
Interior
1971
Year built
$1,096 / mo
HOA
Condominium
Type
About this home
Enjoy coastal living just steps from the beach in this bright, well-maintained 1-bedroom, 1.5-bath residence at Commodore Club East. The open living area leads to a spacious private balcony with gorgeous ocean views. The generous primary suite features built-in closets, including a walk-in, while a convenient Murphy bed in the living room provides additional sleeping space for guests. Accordion shutters offer added peace of mind. Residents enjoy direct beach access with chair and umbrella service, an oceanfront pool, tennis courts, fitness center, beautifully maintained grounds, and gated security. Ideally located near Crandon Park, local restaurants, shops, and outdoor recreation, with convenient access to Miami. The perfect blend of comfort, convenience, and relaxed island living.
Features
- Interior Hall
- Lobby
- Built-in Features
- Walk-In Closet(s)
- Open Balcony
- Outdoor Shower
- Tennis Court(s)
- Ocean
- Water
- Direct Ocean
- Ocean View
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 1-bed rentals in Key Biscayne, from 13 active listings; the middle half ask $3,250–$4,000.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.