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Waterfront · Condominium
$18,500,000$4,052 / sqft
799 Crandon Blvd # 8, Key Biscayne FL 33149
Listed
5
Bedrooms
6
Bathrooms
4,566 sqft
Interior
2002
Year built
$1,513 / mo
HOA
Condominium
Type
About this home
Magnificent ocean and bay views set the stage for this truly one-of-a-kind two-story penthouse, a spectacular house in the sky. Located in Ocean Tower One at the Ocean Club in Key Biscayne, this extensively renovated and redesigned residence offers approximately 4,566 SF of fully functional interior living space across two levels, 5 bedrooms, 5 full baths, and 1 half bath. Thoughtfully redesigned with exceptional attention to detail, the residence features a beautifully renovated kitchen and baths, bespoke built-ins, Italian marble flooring, refined luxury finishes throughout, and new hurricane shutters. Expansive living areas create the feel of a private home with the ease of condominium living. A spectacular private rooftop terrace of just under 2,000 SF, separate from the interior living area, offers endless possibilities for entertaining, lounging, or the potential for a jacuzzi while enjoying breathtaking water views. Beachfront access and world-class Ocean Club amenities complete this exceptional offering. Select Artefacto furnishings and accessories available for negotiation.
Features
- Built-in Features
- Laundry Tub
- Volume Ceilings
- Walk-In Closet(s)
- Great Room
- Barbeque
- Open Balcony
- Bay
- Ocean View
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 5-bed rentals across Miami-Dade, from 21 active listings; the middle half ask $24,000–$45,000.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.