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Waterfront · Condominium
$1,100,000$873 / sqft
199 Ocean Lane Dr # 206, Key Biscayne FL 33149
Listed
2
Bedrooms
2
Bathrooms
1,260 sqft
Interior
1974
Year built
$1,298 / mo
HOA
Condominium
Type
About this home
FULLY RENOVATED 2-BEDROOM, 2-BATH RESIDENCE offering 1,260 SF of refined interiors at Commodore Club South. The residence has been extensively updated with high-end finishes, impact windows, laminated flooring, and a sleek open kitchen with new stainless steel appliances. The spacious living area opens to a private balcony overlooking the landscaped green areas of Commodore Club South, creating a quiet setting with excellent privacy. The primary suite features a large walk-in closet, dual sinks, and a modern walk-in shower. The second bedroom is generously sized and currently furnished with bunk beds. Commodore Club South is the only Commodore building with a fully renovated lobby, complemented by updated hallways and direct access to the Key Biscayne beachfront lifestyle. Furniture may be purchased separately. VACANT! AVAILABLE NOW!
Features
- First Floor Entry
- Closet Cabinetry
- Walk-In Closet(s)
- Other
- Open Balcony
- Garden View
- Tennis Court View
Leasing
- Minimum lease
- 90 days
- Leases permitted per year
- 4
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 2-bed rentals in Key Biscayne, from 83 active listings; the middle half ask $5,500–$9,500.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.