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Waterfront · Condominium
$2,400,000$1,280 / sqft
881 Ocean Dr # 16F, Key Biscayne FL 33149
Listed
2
Bedrooms
2
Bathrooms
1,875 sqft
Interior
1971
Year built
$1,793 / mo
HOA
Condominium
Type
About this home
A truly unique opportunity on the 16th floor of CASA DEL MAR, one of Key Biscayne’s most sought-after oceanfront buildings, where high-floor residences like this seldom come to market. Enjoy completely unobstructed views to both the east and west, creating the feeling of living on a boat. The spacious living and dining area, kitchen with breakfast area, and large balcony face directly east, offering spectacular ocean views, complete privacy, and no neighboring buildings in front. Both bedrooms face west, with incredible views over Key Biscayne, the bay, Downtown Miami, and Coral Gables, along with unforgettable sunsets. The residence features 2 bedrooms and 2 bathrooms, including a generous primary suite with an oversized walk-in closet—large enough that many owners have converted part of the space into a den or office. The unit is in very good, move-in-ready condition while also offering excellent potential to personalize. Casa del Mar features one of Key Biscayne’s largest swimming pools and pool decks, a fitness center, lighted tennis courts, barbecue area, gated security, 24-hour front desk, extensive guest parking, business center, meeting room, and spacious party room. A special opportunity to own a high-floor residence offering exceptional privacy, panoramic east-to-west views, and direct oceanfront living in one of Key Biscayne’s most desirable buildings. One assigned covered parking space. Owner occupied and very easy to show. Just call LA!
Features
- Walk-In Closet(s)
- Open Balcony
- Intracoastal View
- Ocean View
- Direct Ocean
- Pool Area View
- Tennis Court View
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 83 active listings; the middle half ask $5,500–$9,500.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.