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Waterfront · Condominium
$2,150,000$1,114 / sqft
199 Ocean Lane Dr # 201, Key Biscayne FL 33149
Listed
3
Bedrooms
3
Bathrooms
1,930 sqft
Interior
1974
Year built
None
HOA
Condominium
Type
About this home
Welcome to this exceptional 3-bedroom, 2.5-bath residence at Commodore Club South. This beautifully located unit features a desirable southeast exposure, filling the home with abundant natural light throughout the day. Situated on the ground floor, it offers the convenience of direct access to the beach and an unparalleled beachfront lifestyle. The excellent floor plan provides spacious and functional living areas designed for comfort and easy entertaining. The building is in excellent condition, recently remodeled, and features outstanding management and service. Residents enjoy wonderful amenities including a spacious BBQ area and beach service, making this a true coastal retreat in one of the most desirable beachfront communities.
Features
- No Interior Features
- Open Balcony
- Other View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
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 (opens in a new tab)
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 3-bed rentals in Key Biscayne, from 40 active listings; the middle half ask $10,000–$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.