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Waterfront · Condominium
$1,395,000$1,107 / sqft
199 Ocean Lane Dr # 1207, 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
Welcome to the Village of Key Biscayne, where coastal living meets resort-style luxury at the highly desirable Commodore Club. This beautifully remodeled and light-filled 2-bedroom, 2-bath residence is located in the sought-after South Tower, just steps from the beach. The spacious interior features a stunning remodeled kitchen, completely renovated bathrooms with contemporary finishes, beautiful wood flooring throughout, and impact windows and doors. Enjoy your morning coffee or unwind in the evening on the large private balcony with ocean views. The residence also includes one assigned parking space. Residents enjoy an exceptional lifestyle with private beach access complete with chairs and umbrellas, an oceanfront pool, tennis courts, fitness center, BBQ area, front desk attendant, onsite management, and 24-hour security. Move-in ready and ideally located, this residence offers the very best of the Key Biscayne lifestyle.
Features
- Interior Hall
- Lobby
- First Floor Entry
- Closet Cabinetry
- Barbeque
- Courtyard
- Open Balcony
- Tennis Court(s)
- Intracoastal View
- Ocean View
- Other View
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.