Skip to content
All listings
Active
Waterfront · Condominium
$1,175,000$933 / sqft

199 Ocean Lane Dr # 413, Key Biscayne FL 33149

2
Bedrooms
2
Bathrooms
1,260 sqft
Interior
1974
Year built
$1,298 / mo
HOA
Condominium
Type

About this home

Beautiful and well-maintained 2-bedroom, 2-bath condo at Commodore South in Key Biscayne. This light and bright residence features tile flooring throughout, an updated open kitchen, and a spacious balcony perfect for relaxing. Enjoy a well-established oceanfront building with direct beach access, lush private grounds with a resort-style feel, pool, gym, party room, and BBQ area. Located in the Village of Key Biscayne, a private island community known for its charm, beaches, restaurants, parks, biking, tennis, golf, boating, and more.

Features

  • First Floor Entry
  • East Of Us1
  • Open Balcony
  • Tennis Court(s)
  • Garden View
  • Ocean View

Location

Approximate — shows the building, not the unit. Open in maps (opens in a new tab)

Estimated loan & HOA

$7,239

Loan payment and HOA only. Property tax and insurance are significant here and are not included.

Principal & interest
$5,941
HOA
$1,298 / mo

Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.

Schedule a tour

Request a private or video tour with a local agent.

Courtesy of
Great Properties International LLC

Run the numbers

We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.

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 rent, 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. 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.