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Condominium
$1,438,000$980 / sqft
151 Crandon Blvd # 122, Key Biscayne FL 33149
Listed
2
Bedrooms
2
Bathrooms
1,467 sqft
Interior
1980
Year built
$1,511 / mo
HOA
Condominium
Type
About this home
REMODELED LANAI 2/2 UNIT!! With a huge outdoor area (1000sqft), this rarely available Lanai is the opportunity for those who want to live in a condo as if it were a house. The outdoor space becomes an extension of the unit and It has outside private access. Also have access to all the amenities of the Key Colony. Emerald Bay at Key Colony is walkable to everything and offers 24/7 security with a guard at gate and concierge in each building. Unit with porcelain throughout, kitchen with stainless steel appliances and granite counter top. Washer/dryer inside. Lots of closets and a big master walking closet. Amenities include waterfront pool, concierge, lap pool, gym, jacuzzi, 12 tennis courts, children's playground, dog run, party/community room, direct beach access, and more.
Features
- First Floor Entry
- Closet Cabinetry
- Split Bedroom
- Walk-In Closet(s)
- Other
- Other View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- Ok To Lease
- Okay To Lease 1st Year
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.