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Waterfront · Condominium
$1,570,000$983 / sqft
1121 Crandon Blvd # F403, Key Biscayne FL 33149
Listed
2
Bedrooms
2
Bathrooms
1,597 sqft
Interior
1971
Year built
$2,163 / mo
HOA
Condominium
Type
About this home
Beautifully remodeled and spacious 2-bedroom, 2-bath residence offering 1,597 SF of comfortable living space at the prestigious Towers of Key Biscayne. Used exclusively as a family vacation home, the residence has been gently occupied and exceptionally well maintained. This desirable Flamingo model features an open, modern kitchen with Italian cabinetry, generous living and dining areas, and a large terrace overlooking lush tropical scenery, Bill Baggs State Park, and the ocean. The oversized primary suite includes excellent closet space and a versatile office area. Enjoy resort-style oceanfront living with private beach access, pools, fitness center, tennis courts, restaurant, BBQ areas, 24-hour security, concierge, valet service, and beautifully landscaped grounds. Ideally located at the peaceful southern end of Key Biscayne, just steps from the beach and surrounded by nature. Furniture may also be purchased separately for an additional price.
Features
- Built-in Features
- Closet Cabinetry
- Open Balcony
- Tennis Court(s)
- Ocean View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- Okay To Lease 1st Year
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.