200 Ocean Lane Dr 407, Key Biscayne, FL 33149 — MLS photo

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200 Ocean Lane Dr 407, Key Biscayne, FL 33149

Active · StockCooperative

$1,220,000

200 Ocean Lane Dr 407, Key Biscayne, FL 33149

Beds
2
Baths
2
Living area
1,580 sq ft
$ / sq ft
$772/sq ft
Year built
1961
Lot size
—
HOA fee
$8,839
Annual tax
—

About this property

A Rare Beachfront Setting with Direct Ocean Views This two-bedroom, two-bathroom beachfront residence offers a refined Key Biscayne setting. From every room, the apartment captures direct ocean and beach views, bringing coastal light and energy into the home throughout the day. Designed with a desirable split-bedroom layout, it features generous living and dining areas that open onto an extended balcony with uninterrupted views of the ocean and shoreline, complemented by tranquil garden greenery below. The primary suite enjoys sliding glass doors leading to the balcony, enhancing the seamless indoor–outdoor flow and inviting the ocean breeze into everyday living. While comfortable as presently configured, the residence presents a compelling opportunity for a thoughtful renovation, offering the potential to create a truly tailored beachfront retreat. Set within an elegant, low-density oceanfront building, valued for its peaceful ambiance and immediate proximity to the shoreline, this residence embodies the understated sophistication and timeless appeal of Key Biscayne living. Residents enjoy the tranquility of an island community known for its beaches, parks, and village feel, while remaining within immediate reach of Miami’s cultural, dining, and business centers.

Property location

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200 Ocean Lane Dr 407, Key Biscayne, FL 33149

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,580 sq ft

Exterior & Structure

Property type
StockCooperative
Year built
1961

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$8,839
County
Miami-Dade
MLS listing ID
A12012107
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

-$11,687

Cap rate
-5.8%
Net yield
-5.8%
Cash-on-cash return
-41.1%
Gross yield
6.1%
Mortgage payment
$5,783/mo
Down payment
$305,000
Loan amount
$915,000
Annual NOI
-$70,839

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