150 Ocean Lane Dr 2A, Key Biscayne, FL 33149 — MLS photo

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150 Ocean Lane Dr 2A, Key Biscayne, FL 33149

Active · Condominium

$829,000

150 Ocean Lane Dr 2A, Key Biscayne, FL 33149

Beds
2
Baths
2
Living area
1,370 sq ft
$ / sq ft
$605/sq ft
Year built
1970
Lot size
—
HOA fee
$1,362 Monthly
Annual tax
$4,232

About this property

Rare opportunity to own one of the Island Breakers' larger corner residences. This spacious 1370 sq. ft, two bedroom, two bath home features a generous wraparound balcony, abundant natural light and a fully renovated interior, all just a short walk from the beach and the Village of Key Biscayne. Inside, elegant marble floors complement updated bathrooms and a contemporary kitchen equipped with built-in appliances, a wine refrigerator and a reverse-osmosis drinking water. The expansive living and dining areas offer exceptional flexibility, with the dining area that could be easily enclosed to create a den, home office or additional room. Enjoy the privacy and extra space of a corner residence, along with a large wraparound balcony and the amenities of a boutique condominium, including a pool, fitness center, assigned parking and bike storage. Move-in ready and ideally located near the beach, Crandon Park, shopping, dining and everything Key Biscayne has to offer.

Property location

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150 Ocean Lane Dr 2A, Key Biscayne, FL 33149

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,370 sq ft
Flooring
Marble
Appliances
Dishwasher, Electric Range, Microwave, Refrigerator, Wine Cooler
Cooling
Central Air, Electric
Heating
None
Interior features
Breakfast Bar, Bedroom On Main Level, Bathtub, Dining Area, Separate Formal Dining Room, Entrance Foyer, Separate Shower, Walk In Closets

Exterior & Structure

Property type
Condominium
Year built
1970
Stories
10
Architectural style
High Rise
Construction
Block
Exterior features
Porch, Storm Security Shutters
View
Garden, Other

Parking

Garage spaces
1
Covered spaces
1
Parking features
Assigned, One Space

HOA, Community & Financials

Association fee
$1,362 Monthly
Fee inclusions
Association Management, Laundry, Legal Accounting, Maintenance Grounds, Maintenance Structure, Parking, Pools, Trash, Water
Amenities
Bike Storage, Elevators, Fitness Center, Pool
Security
Intercom, Lobby Secured
Pets allowed
Conditional, Yes
Annual tax
$4,232
Subdivision
ISLAND BREAKERS CONDO
County
Miami-Dade
Days on market
146
MLS listing ID
A12021289
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

-$1,857

Cap rate
3.0%
Net yield
3.0%
Cash-on-cash return
-9.6%
Gross yield
6.9%
Mortgage payment
$3,930/mo
Down payment
$207,250
Loan amount
$621,750
Annual NOI
$24,878

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