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Waterfront · Condominium
$2,950,000$1,655 / sqft
1111 Crandon Blvd # A501, Key Biscayne FL 33149
Listed
3
Bedrooms
2
Bathrooms
1,782 sqft
Interior
1972
Year built
$2,450 / mo
HOA
Condominium
Type
About this home
Experience refined coastal living in this beautifully reimagined 3-bedroom, 2-bath corner unit. Expertly renovated with exceptional craftsmanship, premium finishes, and top-of-the-line appliances, this home blends timeless elegance with modern sophistication. Enjoy breathtaking direct ocean views that make you feel as though you’re sailing on the sea. Nestled in the heart of Key Biscayne, just moments from pristine beaches, Crandon Park, Bill Baggs Cape Florida State Park, marinas, scenic bike paths, fine dining, cafés, and top-rated schools—all just minutes from Brickell and Downtown Miami. A rare opportunity offering the ultimate oceanfront lifestyle.
Features
- Fire Sprinklers
- Other
- Pantry
- Walk-In Closet(s)
- Barbeque
- Open Balcony
- Tennis Court(s)
- Ocean View
- Direct Ocean
Leasing
- Minimum lease
- 90 days
- Leases permitted per year
- 4
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 3-bed rentals in Key Biscayne, from 40 active listings; the middle half ask $10,000–$18,000.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.