799 Crandon Blvd PH-8, Key Biscayne, FL 33149 — MLS photo

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799 Crandon Blvd PH-8, Key Biscayne, FL 33149

Active · Condominium

$18,500,000

799 Crandon Blvd PH-8, Key Biscayne, FL 33149

Beds
5
Baths
6
Living area
4,566 sq ft
$ / sq ft
$4,052/sq ft
Year built
2002
Lot size
—
HOA fee
$4,539 Quarterly
Annual tax
$63,525

About this property

Magnificent ocean and bay views set the stage for this truly one-of-a-kind two-story penthouse, a spectacular house in the sky. Located in Ocean Tower One at the Ocean Club in Key Biscayne, this extensively renovated and redesigned residence offers approximately 4,566 SF of fully functional interior living space across two levels, 5 bedrooms, 5 full baths, and 1 half bath. Thoughtfully redesigned with exceptional attention to detail, the residence features a beautifully renovated kitchen and baths, bespoke built-ins, Italian marble flooring, refined luxury finishes throughout, and new hurricane shutters. Expansive living areas create the feel of a private home with the ease of condominium living. A spectacular private rooftop terrace of just under 2,000 SF, separate from the interior living area, offers endless possibilities for entertaining, lounging, or the potential for a jacuzzi while enjoying breathtaking water views. Beachfront access and world-class Ocean Club amenities complete this exceptional offering. Select Artefacto furnishings and accessories available for negotiation.

Property location

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799 Crandon Blvd PH-8, Key Biscayne, FL 33149

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Facts & features

Interior

Bedrooms
5
Bathrooms
6
Living area
4,566 sq ft
Flooring
Marble
Appliances
Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Refrigerator, Wine Cooler
Cooling
Central Air
Heating
Central, Electric
Interior features
Built In Features, Breakfast Area, Bathtub, Dual Sinks, High Ceilings, Separate Shower, Walk In Closets, Bar

Exterior & Structure

Property type
Condominium
Year built
2002
Stories
15
Architectural style
High Rise, Split Level
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Barbecue, Patio, Storm Security Shutters
Waterfront
Ocean Front
View
Bay, Ocean

Parking

Garage spaces
2
Covered spaces
2
Parking features
Assigned, Covered, Valet

HOA, Community & Financials

Association fee
$4,539 Quarterly
Fee inclusions
Association Management, Amenities, Common Areas, Cable Tv, Maintenance Structure, Trash, Water
Amenities
Bike Storage, Clubhouse, Fitness Center, Pool, Sauna, Storage, Tennis Courts
Security
Complex Fenced, Door Man, Elevator Secured, Security Guard
Pets allowed
Conditional, Size Limit, Yes
Annual tax
$63,525
Subdivision
OCEAN TOWER ONE CONDO
County
Miami-Dade
Days on market
54
MLS listing ID
A12027629
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

-$52,113

Cap rate
2.3%
Net yield
2.3%
Cash-on-cash return
-12.1%
Gross yield
3.8%
Mortgage payment
$87,699/mo
Down payment
$4,625,000
Loan amount
$13,875,000
Annual NOI
$427,034

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