199 Ocean Lane Dr 1009, Key Biscayne, FL 33149 — MLS photo

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199 Ocean Lane Dr 1009, Key Biscayne, FL 33149

Active · Condominium

$1,299,000

199 Ocean Lane Dr 1009, Key Biscayne, FL 33149

Beds
2
Baths
2
Living area
1,260 sq ft
$ / sq ft
$1,031/sq ft
Year built
1974
Lot size
—
HOA fee
$3,895 Quarterly
Annual tax
$11,684

About this property

Experience the best of Key Biscayne living with breathtaking views and direct beach access. Unique high floor modern corner 2/2 renovated unit with a large wrap-around terrace overlooking ocean and bay. Enjoy exquisite design, imported Italian porcelanato floors, custom made stainless steel entrance door, top-of-the-line appliances like SubZero and Wolf, a Roman Tub, as well as impact windows throughout. 1 car space and 1 golf cart space included, covered and assigned, as well as a storage on the same floor. Full-Service building features pool, tennis, gym, beachside BBQ area, private beach access with chair & umbrella service, 24-hour concierge and guarded gate. Ideally located near top-rated schools, beautiful parks, marinas, Crandon golf course, local dining and shopping, this residence presents an exceptional opportunity as a primary home, second residence, luxury vacation retreat, or as an investment opportunity. 40 year recertification and SIRS completed. No current special assessments.

Property location

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199 Ocean Lane Dr 1009, Key Biscayne, FL 33149

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,260 sq ft
Flooring
Porcelain Tile
Appliances
Built In Oven, Dishwasher, Electric Range, Microwave, Refrigerator
Cooling
Central Air
Heating
Central
Interior features
Bedroom On Main Level, Bathtub, Dual Sinks, Family Dining Room, First Floor Entry, Tub Shower

Exterior & Structure

Property type
Condominium
Year built
1974
Stories
12
Architectural style
High Rise
Construction
CBSConcrete Block Structure, Block
Exterior features
Barbecue, Tennis Courts
Pool
Association
Waterfront
Ocean Front
View
Bay, Ocean

Parking

Garage spaces
1
Covered spaces
1
Parking features
Assigned, Attached, Covered, Garage, Golf Cart Garage

HOA, Community & Financials

Association fee
$3,895 Quarterly
Fee inclusions
Association Management, Common Areas, Laundry, Maintenance Grounds, Parking, Pools, Recreation Facilities, Roof, Sewer, Security, Trash, Water
Amenities
Clubhouse, Fitness Center, Laundry, Barbecue, Picnic Area, Pool, Storage, Tennis Courts, Trash, Elevators
Security
Complex Fenced, Lobby Secured, Security Guard
Pets allowed
Size Limit, Yes
Annual tax
$11,684
Subdivision
COMMODORE CLUB SOUTH COND
County
Miami-Dade
Days on market
189
MLS listing ID
A11982250
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

-$3,931

Cap rate
2.1%
Net yield
2.1%
Cash-on-cash return
-13.0%
Gross yield
5.4%
Mortgage payment
$6,158/mo
Down payment
$324,750
Loan amount
$974,250
Annual NOI
$26,719

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