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Condominium
$495,000$683 / sqft
240 Galen Dr # 314, Key Biscayne FL 33149
Listed
1
Bedrooms
1
Bathrooms
725 sqft
Interior
1967
Year built
$761 / mo
HOA
Condominium
Type
About this home
Live the dream in Key Biscayne!This charming condo is the perfect blend of luxury,Comfort & an unbeatable location in one of Miami’s with Low HOA. The Lifestyle & Prime Location: Beach access for sun-filled days and stunning sunsets. Close to Crandon Park Tennis Center & world-class golf courses.Fine dining and exclusive shopping minutes away.Nearby private marinas for boating enthusiasts, Proximity to top-rated schools and first- class services. Only 15 minutes from Brickell and Coconut Grove, this condo offers the perfect balance of tranquility, prestige, and convenience.Provides also a serene coastal lifestyle with unparalleled privacy and convenience: Spacious living area with natural light, Private balcony,Steps from the beach, surrounded by nature, make a home!
Features
- First Floor Entry
- Other
- Barbeque
- Other View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
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. Open in maps
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 15 active listings; the middle half ask $3,000–$4,500.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.