All listings
Active
Active1 / 40
Photo 1 of 40
Condominium
$1,890,000$1,234 / sqft
151 Crandon Blvd # 540, Key Biscayne FL 33149
Listed
2
Bedrooms
2
Bathrooms
1,532 sqft
Interior
1980
Year built
$2,016 / mo
HOA
Condominium
Type
About this home
Experience the pinnacle of island living in this meticulously fully renovated and modernized residence at Emerald Bay, Key Colony. This rare 2-bedroom + den (convertible to a 3rd bedroom), 2-bathroom home offers over 1,532 SF of bright, contemporary living space, seamlessly blending indoor elegance.The interiors have been thoughtfully redesigned with high-end finishes, custom built-ins, and a clean, minimalist aesthetic that makes it truly move-in ready. Located on the first floor, you are just steps away from the direct beach access that defines the Key Colony lifestyle.Investment Peace of Mind: The building is completing exterior renovations (expected within months).Key Colony is a premier resort-style community featuring:Direct beach access multiple oceanfront pools.12 tennis courts, a state-of-the-art gym, and a lap pool.Dog park, children’s playground, and 24-hour guard-gated security.1 assigned parking space (additional rentals available via management).A unique opportunity to own a piece of paradise in Key Biscayne with unmatched outdoor space. Easy to show. Modern luxury meets island tranquility.
Features
- First Floor Entry
- Other
- None
- Other View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 1
- No Daily Rentals
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.
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 2-bed rentals in Key Biscayne, from 80 active listings; the middle half ask $6,500–$10,000.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.