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Waterfront · Condominium
$2,990,000$1,549 / sqft
199 Ocean Lane Drive # 801, Key Biscayne FL 33149
Listed
3
Bedrooms
3
Bathrooms
1,930 sqft
Interior
1974
Year built
None
HOA
Condominium
Type
About this home
Completely remodeled and impeccably updated, this spectacular corner residence on the 8th floor is a true jewel, offering breathtaking panoramic ocean views and overlooking Key Biscayne's pristine white sandy beach. With 1,930 SF of beautifully designed living space, this exceptional home features 3 bedrooms, 2.5 bathrooms, a spacious wraparound balcony perfect for relaxing or entertaining, and a separate laundry room. Bathed in natural light, every space has been thoughtfully designed with timeless elegance, refined finishes, and exceptional attention to detail, creating a home that is as inviting as it is sophisticated. Move-in ready, this residence invites you to embrace the very best of the Florida lifestyle, where spectacular sunrises, refreshing ocean breezes, the soothing sound of the waves, and endless turquoise water views become part of your everyday life. Commodore Club South offers an outstanding array of amenities, including concierge service, a wonderful pool, fitness center, tennis courts, direct beach access, and the privacy and security of one of Key Biscayne's most desirable oceanfront communities. Experience the tranquility, beauty, and unparalleled charm of island living in the paradise island of Key Biscayne.
Features
- Built-in Features
- Closet Cabinetry
- Walk-In Closet(s)
- Utility Room/Laundry
- Open Balcony
- Tennis Court(s)
- Ocean View
- Direct Ocean
Leasing
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.