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Waterfront · Condominium
$2,250,000$1,092 / sqft
737 Crandon Blvd # 1, Key Biscayne FL 33149
Listed
2
Bedrooms
3
Bathrooms
2,060 sqft
Interior
1996
Year built
$1,513 / mo
HOA
Condominium
Type
About this home
Experience elevated island living from this spacious 2,060 SF Corner PH residence at Lake Villa II in the exclusive Ocean Club. Featuring 2 bedrooms, 2.5 bathrooms, and two expansive terraces, the residence enjoys serene lake views surrounded by lush tropical landscaping and exceptional privacy. Generous living and entertaining spaces, abundant natural light, and a desirable corner layout create an inviting Key Biscayne retreat. The Ocean Club offers an unparalleled resort-style lifestyle with direct beach access, multiple pools, oceanfront fitness center, spa and salon, restaurants, playground and playrooms, 7 Har-Tru tennis courts, 3 padel courts, security, and valet service. Two dedicated parking spaces included.
Features
- First Floor Entry
- Built-in Features
- Closet Cabinetry
- Elevator
- Entrance Foyer
- Split Bedroom
- Walk-In Closet(s)
- Open Balcony
- Tennis Court(s)
- Garden View
- Lake
- Water 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.