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Condominium
$750,000$632 / sqft
201 Galen Dr # 110, Key Biscayne FL 33149
Listed
2
Bedrooms
2
Bathrooms
1,187 sqft
Interior
1968
Year built
$839 / mo
HOA
Condominium
Type
About this home
Welcome to Paradise on Key Biscayne! Nestled in one of the quietest and most tranquil pockets of Key Biscayne, Apt W110 at 201 Galen Drive has been completely transformed into a light-filled, contemporary coastal sanctuary. Fully remastered from top to bottom in 2024, this turnkey home features brand-new impact hurricane windows and doors, a new high-efficiency central A/C system, crisp new flooring throughout, and beautifully redesigned kitchen and bathroom spaces. The original balcony has been enclosed to add approximately 85 sq ft of air-conditioned living space to the official 1,187 sq ft floor plan, creating a gorgeous sunlit area perfect for a home office, sunroom, or extended lounge space. Enjoy the ultimate walkable island lifestyle—just half a block to private beach access and steps from top-rated K-8 schools, fine dining, grocery stores, local parks, and the fire station right on the corner. One assigned parking space is included, and the low monthly maintenance fee covers High-Speed Wi-Fi/Internet, HD Cable TV, Water, Sewer, Trash, Building Insurance, Roof, and Pool/Grounds Maintenance. Move right in and experience effortless tropical living—the seller is also open to negotiating the sale of the furniture!
Features
- First Floor Entry
- Fruit Trees
- Garden View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- Ok To Lease
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 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.