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Condominium at 155 Ocean Lane Dr # 403, Key Biscayne FL 33149Active
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Waterfront · Condominium
$790,000$883 / sqft

155 Ocean Lane Dr # 403, Key Biscayne FL 33149

1
Bedrooms
2
Bathrooms
895 sqft
Interior
1973
Year built
$1,269 / mo
HOA
Condominium
Type

About this home

Completely renovated and move-in ready, this spacious 1-bedroom, 1.5-bath residence offers an exceptionally spacious layout rarely found in a one-bedroom unit. The open-concept kitchen has been beautifully updated and features a breakfast bar that flows seamlessly into the expansive living and dining areas, creating an ideal space for both everyday living and entertaining. Tile flooring runs throughout, and the residence has been meticulously maintained in pristine condition. A full bathroom plus a convenient guest powder room add to the functionality and comfort of the home. Open views. Open Balcony. Unit is tenant occupied until February 14th 2027. Great tenant paying $4000 per month.

Features

  • Lobby
  • Built-in Features
  • Walk-In Closet(s)
  • Open Balcony
  • Garden View

Location

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

Estimated loan & HOA

$5,264

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

Principal & interest
$3,995
HOA
$1,269 / 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.