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Waterfront · Stock Cooperative
$3,750,000$1,995 / sqft
200 Ocean Lane Dr # 501, Key Biscayne FL 33149
Listed
4
Bedrooms
4
Bathrooms
1,880 sqft
Interior
1961
Year built
$150 / mo
HOA
Stock Cooperative
Type
About this home
Owner says sell. Wake up to the sound of the waves and endless horizon views in this breathtaking direct oceanfront Key Biscayne sanctuary. Located in the highly sought-after Island House, this rare 3-bedroom-plus-den, 4-bath home spans nearly 2,400 square feet of seamless, open-concept design. Every room is kissed by natural light, with floor-to-ceiling windows that serve as a living canvas of the Atlantic. Pour a glass of wine and step onto your private balcony to watch the sunset, or take the elevator directly down to your quiet, pristine beach. Complete with a heated oceanfront pool, fitness center, elegant secure lobby, and covered parking, this is more than a home — it is a daily vacation.
Features
- Built-in Features
- Split Bedroom
- Walk-In Closet(s)
- Open Balcony
- Ocean View
Leasing
- Minimum lease
- 180 days
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.
Location
Approximate — shows the building, not the unit. Open in maps
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 4-bed rentals in Key Biscayne, from 14 active listings; the middle half ask $12,500–$18,000.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.