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Waterfront · Condominium
$1,299,000$1,031 / sqft
199 Ocean Lane Dr # 1009, Key Biscayne FL 33149
Listed
2
Bedrooms
2
Bathrooms
1,260 sqft
Interior
1974
Year built
$1,298 / mo
HOA
Condominium
Type
About this home
Experience the best of Key Biscayne living with breathtaking views and direct beach access. Unique high floor modern corner 2/2 renovated unit with a large wrap-around terrace overlooking ocean and bay. Enjoy exquisite design, imported Italian porcelanato floors, custom made stainless steel entrance door, top-of-the-line appliances like SubZero and Wolf, a Roman Tub, as well as impact windows throughout. 1 car space and 1 golf cart space included, covered and assigned, as well as a storage on the same floor. Full-Service building features pool, tennis, gym, beachside BBQ area, private beach access with chair & umbrella service, 24-hour concierge and guarded gate. Ideally located near top-rated schools, beautiful parks, marinas, Crandon golf course, local dining and shopping, this residence presents an exceptional opportunity as a primary home, second residence, luxury vacation retreat, or as an investment opportunity. 40 year recertification and SIRS completed. No current special assessments.
Features
- First Floor Entry
- East Of Us1
- Barbeque
- Tennis Court(s)
- Bay
- Ocean View
Leasing
- Minimum lease
- 90 days
- Leases permitted per year
- 4
- No Daily Rentals
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 83 active listings; the middle half ask $5,500–$9,500.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.