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Waterfront · Condominium
$1,800,000$1,164 / sqft
151 Crandon Blvd # 138, Key Biscayne FL 33149
Listed
2
Bedrooms
3
Bathrooms
1,547 sqft
Interior
1980
Year built
$2,036 / mo
HOA
Condominium
Type
About this home
Beautifully renovated and designer-furnished 2-bedroom plus closed den, 3-bath residence in the prestigious Key Colony community. Offering 1,557 SF of thoughtfully designed living space, this home features a desirable split floor plan, providing privacy and comfort for family and guests. The open-concept kitchen features quartz countertops, premium appliances, custom cabinetry, and contemporary finishes, opening to spacious living and dining areas. Tastefully renovated throughout and professionally furnished with elegant designer pieces, the residence is completely move-in ready for its new owner to enjoy. The oversized private lanai extends the living space and is perfect for outdoor dining, entertaining, or relaxing in a tranquil tropical setting. Located in Emerald Bay at Key Colony, a premier oceanfront gated community offering 24-hour security, concierge, direct beach access, beachfront and lap pools, fitness center, 12 tennis courts, landscaped grounds, children's playground, on-site restaurant, and guest parking. Just minutes from shopping, dining, parks, and all that Key Biscayne has to offer. Easy to show. Call or text listing agent for a private showing.
Features
- First Floor Entry
- Closet Cabinetry
- Cooking Island
- Tennis Court(s)
- Other View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 1
- Ok To Lease
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 80 active listings; the middle half ask $6,500–$10,000.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.