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Condominium
$835,000$625 / sqft
150 Ocean Lane Dr # 7C, Key Biscayne FL 33149
Listed
2
Bedrooms
2
Bathrooms
1,335 sqft
Interior
1970
Year built
$1,370 / mo
HOA
Condominium
Type
About this home
Bright, airy, and move-in ready, this beautifully maintained Island Breakers residence offers a rare combination of skyline, bay, and lush tropical canopy views from an expansive balcony. Thoughtfully updated, the home features a stylish kitchen with quartz countertops, sleek cabinetry, stainless steel appliances, and an open-concept design that flows seamlessly into generous living and dining spaces. Wide-plank flooring runs throughout, while large windows fill the home with natural light. The spacious primary suite includes a walk-in closet and updated bath. Additional highlights include a storage closet, assigned parking, and a prime location just a short walk from the beach, moments from Crandon Park, restaurants, and the heart of Key Biscayne. A turnkey opportunity offering comfort, views, and an exceptional entry into the Key Biscayne lifestyle.
Features
- Lobby
- Walk-In Closet(s)
- Screened Balcony
- Bay
- Skyline
- Water View
Leasing
- Minimum lease
- 120 days
- Leases permitted per year
- 3
- Okay To Lease 1st Year
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 2-bed rentals in Key Biscayne, from 80 active listings; the middle half ask $6,500–$10,000.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.