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Waterfront · Condominium
$790,000$883 / sqft
155 Ocean Lane Dr # 403, Key Biscayne FL 33149
Listed
1
Bedrooms
2
Bathrooms
895 sqft
Interior
1973
Year built
$1,269 / mo
HOA
Condominium
Type
About this home
Completely renovated and move-in ready, this spacious 1-bedroom, 1.5-bath residence offers an exceptionally spacious layout rarely found in a one-bedroom unit. The open-concept kitchen has been beautifully updated and features a breakfast bar that flows seamlessly into the expansive living and dining areas, creating an ideal space for both everyday living and entertaining. Tile flooring runs throughout, and the residence has been meticulously maintained in pristine condition. A full bathroom plus a convenient guest powder room add to the functionality and comfort of the home. Open views. Open Balcony. Unit is tenant occupied until February 14th 2027. Great tenant paying $4000 per month.
Features
- Lobby
- Built-in Features
- Walk-In Closet(s)
- Open Balcony
- Garden View
Leasing
- Minimum lease
- 30 days
- Leases permitted per year
- 12
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.
Location
Approximate — shows the building, not the unit.
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 1-bed rentals in Key Biscayne, from 13 active listings; the middle half ask $3,250–$4,000.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.