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Waterfront · Condominium
$1,770,000$1,183 / sqft
613 Ocean Dr # 5D, Key Biscayne FL 33149
Listed
2
Bedrooms
2
Bathrooms
1,496 sqft
Interior
1969
Year built
$2,161 / mo
HOA
Condominium
Type
About this home
Live in the most desirable oceanfront boutique building in Key Biscayne, offering spectacular direct oceanfront views. This beautifully residence features a kitchen with premium appliances and wine cooler, impact windows, electric shades, and custom wood closets. Ideally located next to The Ritz-Carlton, with only two residences per floor for ultimate privacy. The enclosed balcony significantly expands the living area, (1,611sf) creating a spacious and comfortable setting for entertaining or relaxing while enjoying the spectacular ocean views. Enjoy resort-style amenities including beach service, oceanfront pool, fitness center, beach tennis, BBQ and picnic areas, 24-hour security, and lush botanical gardens. One covered parking space is included; a second space is available on a first-come, first-served basis. Just steps from restaurants, boutiques, parks, supermarket, A+ schools, and the community center. The best of Key Biscayne living.
Features
- First Floor Entry
- Cooking Island
- Fire Sprinklers
- Walk-In Closet(s)
- None
- Barbeque
- Ocean View
Leasing
- Minimum lease
- 90 days
- Leases permitted per year
- 1
- Ok To Lease
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.