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Waterfront · Condominium
$999,000$793 / sqft
155 Ocean Lane Dr # 413, Key Biscayne FL 33149
Listed
2
Bedrooms
2
Bathrooms
1,260 sqft
Interior
1973
Year built
$1,817 / mo
HOA
Condominium
Type
About this home
Enjoy island living in this spacious 2-bedroom, 2-bath residence at the coveted Commodore Club. Featuring impact windows/doors, a beautifully remodeled open-concept kitchen with sleek quartz countertops, an oversized peninsula with waterfall edge, and stainless steel appliances. A wide private terrace overlooks lush tropical gardens with a peek of the ocean, creating the perfect setting to enjoy sunsets and relaxed island evenings. The spacious primary suite features an ensuite bath and custom built-in cabinetry. The second bedroom has been thoughtfully reconfigured into two separate sleeping areas with an easily removable partition wall, custom built-in desks, and a large shared reach-in closet. While the kitchen has already been tastefully updated, the residence offers an excellent opportunity for a new owner to personalize the bedrooms and bathrooms to their own style. Unit comes with one assigned parking spot. Laundry facilities on each floor (no in-unit washer dryer). Commodore Club offers resort-style amenities including direct beach access, a heated pool, tennis courts, fitness center, sauna, party room, onsite management, front desk concierge, 24-hour security, and more. A great opportunity to enjoy the Key Biscayne lifestyle with a renovated kitchen, generous living spaces, and the ability to make the rest of the residence your own.
Features
- First Floor Entry
- Other
- Open Balcony
- Tennis Court(s)
- Garden View
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 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.