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Waterfront · Condominium
$2,199,000$1,241 / sqft
605 Ocean Dr # 2L, Key Biscayne FL 33149
Listed
3
Bedrooms
3
Bathrooms
1,772 sqft
Interior
1969
Year built
$2,538 / mo
HOA
Condominium
Type
About this home
The SANDS at Key Biscayne, a beachfront boutique building in paradise. Only 2 units per floor that share the elevator and lobby. This stunning 3 bed / 3 bath spacious remodeled unit has marble floors, plenty of custom closets and hurricane impact windows. The huge balcony is ready for you to relax and entertain. The Sands, is a perfect gated beachfront community that enjoys amazing amenities like huge pool along the beach, BBQ area, gym, beach volleyball court, 24 hour security, storage and 1 assigned parking space and also allows to park a second vehicle. Easy to show…..
Features
- Interior Hall
- Lobby
- Closet Cabinetry
- Elevator
- Entrance Foyer
- Barbeque
- Courtyard
- Open Balcony
- Garden View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- Okay To Lease 1st Year
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 39 active listings; the middle half ask $9,000–$19,000.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.