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Condominium
$1,299,000$1,031 / sqft
177 Ocean Lane Dr # 213, Key Biscayne FL 33149
Listed
2
Bedrooms
2
Bathrooms
1,260 sqft
Interior
1971
Year built
$1,568 / mo
HOA
Condominium
Type
About this home
Beautifully renovated and fully furnished 2-bedroom, 2-bathroom residence in the highly desirable Commodore Club East on Key Biscayne. This move-in-ready unit features a bright and spacious layout, modern finishes, and comfortable coastal living just steps from the beach. The association dues include water, high-speed internet, and cable TV. Enjoy resort-style amenities, including direct beach access, pool, tennis courts, fitness center, and 24-hour security. Ideal for both investors and future end-users. The unit is currently tenant-occupied with a lease in place through February 28, 2027, providing immediate rental income while offering the opportunity to enjoy the property in the future. Please allow advance notice for showings. A virtual video tour is available, click on "Virtual Tour" to view it.
Features
- Interior Hall
- Lobby
- Closet Cabinetry
- Cooking Island
- Elevator
- Other
- Open Balcony
- Tennis Court(s)
- Garden View
Leasing
- Minimum lease
- 365 days
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.