Cays Realty
199 Ocean Lane Dr 413, Key Biscayne, FL 33149 — MLS photo

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199 Ocean Lane Dr 413, Key Biscayne, FL 33149

Active · Condominium

$1,099,000

199 Ocean Lane Dr 413, Key Biscayne, FL 33149

Beds
2
Baths
2
Living area
1,260 sq ft
$ / sq ft
$872/sq ft
Year built
1974
Lot size
—
HOA fee
$3,895 Quarterly
Annual tax
$11,511

About this property

Beautiful and well-maintained 2-bedroom, 2-bath condo at Commodore South in Key Biscayne. This light and bright residence features tile flooring throughout, an updated open kitchen, and a spacious balcony perfect for relaxing. Enjoy a well-established oceanfront building with direct beach access, lush private grounds with a resort-style feel, pool, gym, party room, and BBQ area. Located in the Village of Key Biscayne, a private island community known for its charm, beaches, restaurants, parks, biking, tennis, golf, boating, and more.

Property location

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199 Ocean Lane Dr 413, Key Biscayne, FL 33149

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,260 sq ft
Flooring
Porcelain Tile, Tile
Appliances
Built In Oven, Dishwasher, Electric Range, Microwave, Refrigerator, Self Cleaning Oven, Washer
Cooling
Electric
Heating
Electric
Interior features
Bedroom On Main Level, First Floor Entry
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
1974
Stories
12
Architectural style
High Rise
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Storm Security Shutters, Tennis Courts
Waterfront
Ocean Front
View
Garden, Ocean

Parking

Garage spaces
1
Covered spaces
1
Parking features
Assigned, Attached, Covered, Garage, Guest

HOA, Community & Financials

Association fee
$3,895 Quarterly
Fee inclusions
Association Management, Amenities, Legal Accounting, Security, Water
Amenities
Barbecue, Picnic Area
Security
Complex Fenced, Door Man, Elevator Secured, Fire Alarm, Secured Garage Parking, Lobby Secured, Security Guard
Pets allowed
Conditional, Yes
Annual tax
$11,511
Subdivision
COMMODORE CLUB SOUTH COND
County
Miami-Dade
Days on market
113
MLS listing ID
A12021819
Listing status
Active

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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

-$3,347

Cap rate
2.0%
Net yield
2.0%
Cash-on-cash return
-13.1%
Gross yield
5.8%
Mortgage payment
$5,210/mo
Down payment
$274,750
Loan amount
$824,250
Annual NOI
$22,352

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