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Condominium at 251 Crandon Blvd # 227, Key Biscayne FL 33149Active
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Waterfront · Condominium
$1,900,000$1,229 / sqft

251 Crandon Blvd # 227, Key Biscayne FL 33149

3
Bedrooms
2
Bathrooms
1,546 sqft
Interior
1979
Year built
$1,707 / mo
HOA
Condominium
Type

About this home

Completely remodeled and sold fully furnished as is located a Key Colony Oceansound. This spacious residence features 2 large bedrooms PLUS an enclosed den currently used as a third bedroom. 2 full renovated bathrooms. Modern open kitchen with breakfast bar, integrated living and dining areas. Abundant natural light throughout. Facing north, the unit has green and open view, super quiet & with privacy. Unit includes one assigned covered parking space. Enjoy the full array of Key Colony amenities—pool, tennis courts, gym, beach access, and more—along with the unmatched Key Biscayne lifestyle.

Features

  • Closet Cabinetry
  • Fire Sprinklers
  • Entrance Foyer
  • Pantry
  • Split Bedroom
  • Walk-In Closet(s)
  • Den/Library/Office
  • Utility Room/Laundry
  • East Of Us1
  • Open Balcony
  • Garden View

Location

Approximate — shows the building, not the unit. Open in maps (opens in a new tab)

Estimated loan & HOA

$11,314

Loan payment and HOA only. Property tax and insurance are significant here and are not included.

Principal & interest
$9,607
HOA
$1,707 / mo

Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.

Schedule a tour

Request a private or video tour with a local agent.

Courtesy of
Urdapilleta Real Estate, LLC

Run the numbers

We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.

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 rent, 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. 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.