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Condominium
$2,950,000$1,134 / sqft
765 Crandon Blvd # 311, Key Biscayne FL 33149
Listed
3
Bedrooms
3
Bathrooms
2,602 sqft
Interior
2002
Year built
$3,395 / mo
HOA
Condominium
Type
About this home
Welcome home to Key Biscayne's premier resort community. This beautifully updated 3-bedroom, 3-bathroom residence at Lake Tower in The Ocean Club has 2,602 SF of light-filled living space, an enclosed playroom, a full-size laundry room and two generous balconies, one with serene lake views. You arrive through a private elevator foyer, and a recently renovated entry, living area, kitchen and bedrooms make the home move-in ready. Lake Tower is an intimate building of just 75 residences. Owners enjoy the full Ocean Club experience: a private Beach Club, oceanfront restaurants, a beach bar and grill, a spa and salon, a fitness center, tennis and padel, a Youth Center, around-the-clock security and concierge, and valet. Island tranquility comes with quick access to Brickell, Downtown, Coral Gables, Coconut Grove, South Beach and MIA.
Features
- Built-in Features
- Walk-In Closet(s)
- Den/Library/Office
- Storage
- Utility Room/Laundry
- Open Balcony
- Lake
Leasing
- Minimum lease
- 60 days
- Leases permitted per year
- 6
- 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 3-bed rentals in Key Biscayne, from 39 active listings; the middle half ask $9,000–$19,000.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.