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Condominium
$749,000$517 / sqft
101 Ocean Lane Dr # 209, Key Biscayne FL 33149
Listed
2
Bedrooms
2
Bathrooms
1,450 sqft
Interior
1982
Year built
$1,827 / mo
HOA
Condominium
Type
About this home
Welcome to an exceptional opportunity to experience the unparalleled lifestyle of Key Biscayne at 101 Ocean Lane Dr. #209. This 2/2 unit with a split floor plan has all the modern finishes, impact glass windows, and a newly refinished master bathroom. Nestled within a luxurious, resort-style gated community, this elegant condominium offers residents a serene, tropical oasis just steps away from pristine beaches. Living in Key Biscayne provides an exclusive blend of tranquil island living and vibrant coastal energy, boasting world-class amenities, lush nature preserves, and a highly sought-after community atmosphere. Beyond the immediate lifestyle benefits, acquiring a residence in this prestigious enclave represents a profoundly sound financial investment in one of South Florida's most coveted and stable real estate markets, promising exceptional long-term equity and wealth preservation. Adding to the property's immense appeal is its highly strategic position situated at the very first main street light upon entering the island, ensuring a remarkably easy and time-saving commute to the mainland. Perfectly balancing refined luxury, unparalleled daily convenience, and robust investment potential, this sophisticated residence serves as the definitive gateway to elevated island living.
Features
- Second Floor Entry
- Other
- Courtyard
- Open Balcony
- Garden View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- No Daily Rentals
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.