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Condominium
$825,000$922 / sqft
155 Ocean Lane Dr # 103, Key Biscayne FL 33149
Listed
1
Bedrooms
2
Bathrooms
895 sqft
Interior
1973
Year built
$1,623 / mo
HOA
Condominium
Type
About this home
Beautifully renovated, this sophisticated 1-bedroom, 1.5-bath residence offers an exceptional opportunity to enjoy effortless island living just steps from the beach and pool. The stylishly updated interior features a beautifully appointed kitchen with quartz countertops and stainless-steel appliances, new flooring, spacious walk-in closets, and tastefully renovated bathrooms. The inviting living area opens to an EXPANSIVE PRIVATE PATIO surrounded by lush tropical landscaping and conveniently located just steps from the heated pool—perfect for morning coffee, outdoor dining, entertaining, or simply relaxing in the coastal surroundings. Ground-floor living provides exceptional convenience with easy access to the front desk, while the assigned covered parking space is ideally positioned just three spaces from the lobby entrance to the garage. Commodore Club West offers an impressive collection of resort-style amenities, including a fitness center, tennis courts, sauna, party room, EV charging station, onsite management, 24-hour concierge/front desk service, and gated security. Best of all, enjoy DIRECT BEACH ACCESS with convenient umbrella and chair service, allowing you to experience the ultimate South Florida lifestyle without ever having to get in the car. A rare combination, beautifully renovated interiors, resort-style amenities, and exceptional convenience—all while offering a peaceful island retreat within easy reach of Miami's world-class vibrant lifestyle.
Features
- First Floor Entry
- Pool Area View
Leasing
- Minimum lease
- 30 days
- Leases permitted per year
- 12
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.
Location
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 15 active listings; the middle half ask $3,000–$4,500.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.