199 Ocean Lane Dr 401, Key Biscayne, FL 33149 — MLS photo

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199 Ocean Lane Dr 401, Key Biscayne, FL 33149

Active · Condominium

$4,500,000

199 Ocean Lane Dr 401, Key Biscayne, FL 33149

Beds
4
Baths
4
Living area
2,825 sq ft
$ / sq ft
$1,593/sq ft
Year built
1974
Lot size
—
HOA fee
$2,893
Annual tax
—

About this property

Expansive 4-bedroom, 3.5-bathroom residence combining Units 401 and 403, offering 2,825 sq ft of beautifully remodeled living space. This bright and airy home features spacious open-concept living and dining areas, elegant tile flooring throughout, and floor-to-ceiling windows showcasing stunning ocean views. A wraparound balcony extends from the main living areas, creating seamless indoor-outdoor living, perfect for relaxing or entertaining. The thoughtfully designed layout offers both privacy and functionality, ideal for those seeking generous oceanfront living. Includes two assigned parking spaces. The building offers direct beach access, 24-hour security and concierge services, a social room, and high-speed Wi-Fi throughout all common areas. Residents enjoy a heated swimming pool (one per building), three lighted tennis courts, a fully equipped fitness center with sauna, car wash area, and full beach service.

Property location

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199 Ocean Lane Dr 401, Key Biscayne, FL 33149

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Facts & features

Interior

Bedrooms
4
Bathrooms
4
Living area
2,825 sq ft

Exterior & Structure

Property type
Condominium
Year built
1974

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$2,893
County
Miami-Dade
MLS listing ID
A11970482
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$18,261

Cap rate
0.8%
Net yield
0.8%
Cash-on-cash return
-17.4%
Gross yield
4.7%
Mortgage payment
$21,332/mo
Down payment
$1,125,000
Loan amount
$3,375,000
Annual NOI
$36,852

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.