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Waterfront · Condominium
$2,799,000$1,063 / sqft
765 Crandon Blvd # 603, Key Biscayne FL 33149
Listed
3
Bedrooms
3
Bathrooms
2,632 sqft
Interior
2002
Year built
$1,513 / mo
HOA
Condominium
Type
About this home
Welcome to a spectacular home in the prestigious Lake Tower at the Ocean Club. This beautiful flow-through residence boasts 2,632 square feet of interior living space offering amazing views of the lake, downtown Miami, the pool and lushly landscaped grounds. The private elevator opens directly to a thoughtfully designed layout of 3 bedrooms, 3 bathrooms, and a den which can be used as a playroom, office, media room or another bedroom. There are marble floors in the social areas and bathrooms and wood floors in the bedrooms along with three very large balconies perfect for entertaining. The full size laundry room can also be used as staff quarters. The large chefs kitchen has tons of cabinets for ample storage, granite countertops and access to one of the balconies. Lake tower is a full service boutique building with 75 units that provides all the amenities tailored to your lifestyle with resort amenities for family living with a private Beach Club, oceanfront restaurants, beachside bar and grill fitness center, spa & beauty salon, Tennis Club with Har-Tru tennis and padel courts, Youth Center, children’s playground & 24hr security and concierge, on-site manager, bike & storage rooms, valet parking & more! Just 15 minutes from Downtown and the Brickell financial area. 20 min from Miami International Airport, South Beach, Coconut Grove and Coral Gables. Enjoy elevated living like no other.
Features
- Interior Hall
- Built-in Features
- Closet Cabinetry
- Entrance Foyer
- Split Bedroom
- Walk-In Closet(s)
- Den/Library/Office
- Maid/In-Law Quarters
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 3-bed rentals in Key Biscayne, from 40 active listings; the middle half ask $10,000–$18,000.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.