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Off market
  • $800,700

    550 Ocean Dr APT 5F, Key Biscayne, FL 33149

    2beds
    1,325sqft
    Condo
    Built in 1969
    -- sqft lot
    $800,700 Zestimate®
    $604/sqft
    $4,886 Estimated rent

    Home value

    $800,700

    $737,000 - $873,000

    $4,886/mo

    Zestimate® history
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    $6,125/mo

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    What's special

    Fully renovated Two Bed/Two Bath across the street from Beach! Unit features an open floor plan with 1325 Sq Ft plus converted balcony for extra living space. Travertine tile throughout, along with floor to ceiling impact windows & new hurricane shutters and plantation shutters in both bedrooms. Spacious closet space throughout, including 2 large walk-ins in the master bedroom. Extremely well-maintained building with one of the lowest HOAs for a 2/2 on the Key. Building has passed its 40-year inspection & has NO special assessments. Unit comes with 1 parking space, storage unit, bike storage, party room, pool & large BBQ area. Private beach access adjacent to building. Conveniently located next to the Ritz, KB Beach Club & within walking distance to restaurants, schools, park and stores.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced air
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Microwave
    Features
    • Built-Ins, Foyer Entry, Cooking Island
    • Flooring: Tile
    Interior area
    • Total interior livable area: 1,325 sqft

    Property

    Details
    • Parcel number: 2452050310300

    Construction

    Type & style
    • Home type: Condo
    Condition
    • Year built: 1969

    Community & neighborhood

    Location
    • Region: Key Biscayne

    HOA & financial

    HOA
    • Has HOA: Yes
    • HOA fee: $652 monthly

    Other

    Other facts
    • Construction Type: CBS Construction
    • Cooling Description: Central Cooling
    • Approval Information: 1-2 Weeks Approval
    • Equipment Appliances: Dishwasher, Microwave, Elevator
    • Floor Description: Ceramic Floor, Tile Floors
    • Maintenance Includes: Common Area, Landscaping/Lawn Maintenance, Parking, Water, Trash Removal, Sewer
    • Heating Description: Central Heat
    • Parking Description: 1 Space
    • Interior Features: Built-Ins, Foyer Entry, Cooking Island
    • Property Detached YN: 0
    • Typeof Association: Condo
    • Security Information: Intercom In Lobby, Card Entry
    • Tax Information: Tax Reflects Homestead Tax
    • Housing Older Persons Act: Unverified
    • Year Built Description: Resale
    • Membership Purch Rqd YN: 0
    • Pets Allowed YN: 1
    • Style: Condo 5+ Stories
    • Typeof Contingencies: No Contingencies
    • Property Type: Condo/Co-Op/Villa/Townhouse
    • Unit Design: East Of Us1, Lobby
    • Listing Type: Exclusive Agency
    • Bedroom Description: Other
    • Terms Considered: All Cash, Conventional
    • Section: 5
    • Unit View: Garden View
    • Amenities: Bike Storage, Private Pool, Private Beach Pavilion
    • Waterfront Property YN: 0
    • Exterior Features: High Impact Doors
    • Restrictions: Ok To Lease
    • Pet Restrictions: Cat Ok
    • Assoc Fee Paid Per: Monthly
    • Storm Protection: Clear Impact Glass, Complete Accordian Shutters
    • Status: Pending

    Price history

    DateEventPrice
    6/22/2020Sold$540,000-1.6%$408/sqft
    Source: MIAMI #A10818520 Report a problem
    6/5/2020Pending sale$549,000$414/sqft
    Source: Douglas Elliman #A10818520 Report a problem
    4/28/2020Price change$549,000-8.3%$414/sqft
    Source: Douglas Elliman #A10818520 Report a problem
    2/18/2020Listed for sale$599,000+5.1%$452/sqft
    Source: Douglas Elliman #A10818520 Report a problem
    9/12/2016Sold$570,000-6.6%$430/sqft
    Source: Agent Provided Report a problem
    6/21/2016Listed for sale$610,000+119.4%$460/sqft
    Source: Coldwell Banker Residential Real Estate - Key Biscayne #A10103756 Report a problem
    12/3/2001Sold$278,000+46.3%$210/sqft
    Source: Public Record Report a problem
    4/5/1999Sold$190,000+10.1%$143/sqft
    Source: Public Record Report a problem
    12/31/1996Sold$172,500$130/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$9,012 +8%$567,107 +10%
    2024$8,348 +10.6%$515,552 +10%
    2023$7,547 +4.4%$468,684 +6%
    2022$7,229 +1.4%$442,155 +5%
    2021$7,132 +28.3%$421,100 +12%
    2020$5,561 -0.5%$376,000 -0.3%
    2019$5,591 -13.5%$377,000 -14.9%
    2018$6,465 $443,135
    2017$6,465 -0.9%$443,135 +2.9%
    2016$6,526 -3.4%$430,471 +10%
    2015$6,758 +6.5%$391,338 +10%
    2014$6,345 +18.1%$355,762 +10%
    2013$5,371 $323,420 +10%
    2012$5,371 +15.2%$294,019 +10%
    2011$4,663 -22.8%$267,290 -17%
    2010$6,043 -0.2%$322,040 -5%
    2009$6,054 -12.6%$338,990 -14.5%
    2007$6,930 +34.3%$396,480
    2006$5,160 --
    2005$5,160 -1.8%--
    2004$5,255 +42.5%--
    2003$3,688 +10.1%--
    2002$3,351 --
    2001$3,351 --

    Find assessor info on the county website

    Neighborhood: 33149

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $800,700
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    Estimated market value
    $800,700