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Sold for $825,000
    • $825,000

    550 Ocean Dr APT 8B, Key Biscayne, FL 33149

    2beds
    1,325sqft
    Condominium
    Built in 1969
    -- sqft lot
    $817,400 Zestimate®
    $623/sqft
    $5,093 Estimated rent

    Home value

    $817,400

    $719,000 - $932,000

    $5,093/mo

    Zestimate® history
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    What's special

    Amazing luxurious condo on 8th floor offering panoramic island, city, bay & ocean views. Immaculate 2/2 convertible, fully furnished. Situated across the street with private access to white sandy beaches adjacent to the Ritz-Carlton where Galen Breaker residents may enjoy an elevated tropical lifestyle. Completely renovated with marble flooring throughout the unit. Kitchen fully equipped. Porcelain countertops in kitchen and bathroom vanities. Walk-in closets in master suite. Charming boutique building with remodeled lobby, social room, pool & barbeque areas on the ground level. Walking distance to parks, community center, cafes, restaurants, and island shops. Unit is move-in ready.

    Zillow last checked:

    Listing updated:

    Listed by:

    Sofia Espinosa 305-409-2895,

    Fortune International Realty

    Bought with:

    Claudia Meade, 3286747

    United Realty Group Inc.

    Source: MIAMI,MLS#: A11959898MLS LogoOriginating MLS: A-Miami Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Rooms
    • Room types: Den/Library/Office, Recreation Room
    Heating
    • Central, Electric
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Dishwasher, Disposal, Microwave, Other, Electric Range, Refrigerator, Oven
    • Laundry: Common Area
    Features
    • Lobby, Other, Storage
    • Flooring: Other
    • Doors: High Impact Doors
    • Windows: Clear Impact Glass, Complete Impact Glass, High Impact Windows, Impact Glass
    Interior area
    • Total interior livable area: 1,325 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: 1 Space, Assigned, Guest
    • Garage spaces: 1
    Features
    • Exterior features: Balcony
    • Pool features: Association
    • Has view: Yes
    • View description: Other
    • Waterfront features: Bay
    • Frontage type: Bay/Harbor
    Lot
    • Features: East Of Us1
    Details
    • Parcel number: 2452050310500
    • Other equipment: Other, Intercom

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium
    • Attached to another structure: Yes
    Materials
    • CBS Construction
    Condition
    • Updated/Remodeled
    • Year built: 1969

    Community & HOA

    Community
    • Security: Fire Sprinkler System, Smoke Detector, Elevator Secure, Intercom In Lobby, Other
    • Application fee: $150
    • Pet fee: $0
    • Subdivision: Galen Breakers Condominiu,Galen Breakers Condo
    HOA
    • Has HOA: Yes
    • Amenities included: Barbecue, Bike/Jog Path, Clubhouse-Clubroom, Laundry, Community Room, Elevator(s), Storage, Kitchen Facilities, Pool, Trash
    • HOA fee: $1,413 monthly
    Location
    • Region: Key Biscayne

    Financial & listing details

    • Price per square foot: $623/sqft
    • Tax assessed value: $590,987
    • Annual tax amount: $9,285
    • Date on market: 2/5/2026
    • Listing terms: All Cash,Conventional

    Price history

    DateEventPrice
    5/1/2026Listing removed$6,500$5/sqft
    Source: MIAMI #A11959959 Report a problem
    4/30/2026Sold$825,000-2.9%$623/sqft
    Source: MIAMI #A11959898 Report a problem
    3/10/2026Pending sale$850,000$642/sqft
    Source: MIAMI #A11959898 Report a problem
    2/5/2026Listed for sale$850,000+325%$642/sqft
    Source: MIAMI #A11959898 Report a problem
    1/30/2025Listing removed$6,500$5/sqft
    Source: Zillow Rentals Report a problem
    12/19/2024Listed for rent$6,500$5/sqft
    Source: Zillow Rentals Report a problem
    12/14/2024Listing removed$6,500$5/sqft
    Source: MIAMI #A11708650 Report a problem
    12/12/2024Listed for rent$6,500$5/sqft
    Source: MIAMI #A11708650 Report a problem
    12/11/2024Listing removed$6,500$5/sqft
    Source: MIAMI #A11502384 Report a problem
    12/18/2023Listed for rent$6,500$5/sqft
    Source: MIAMI #A11502384 Report a problem
    7/18/1997Sold$200,000$151/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$9,285 +6.3%$590,987 +7%
    2024$8,736 +160.1%$552,324 +126.1%
    2023$3,359 +0.5%$244,257 +3%
    2022$3,341 -0.1%$237,143 +3%
    2021$3,344 +7.8%$230,236 +1.4%
    2020$3,102 +2.5%$227,058 +2.3%
    2019$3,025 +5.9%$221,954 +1.9%
    2018$2,856 $217,816 +2.1%
    2017$2,856 +1.5%$213,336 +2.1%
    2016$2,813 -1.4%$208,949 +0.7%
    2015$2,852 -1.5%$207,497 +0.8%
    2014$2,895 +3.8%$205,851 +1.5%
    2013$2,788 $202,809 +1.7%
    2012$2,788 +3.1%$199,419 +3%
    2011$2,705 -5%$193,611 +1.5%
    2010$2,847 +8.5%$190,750 +2.7%
    2009$2,624 -3.2%$185,736 +19.7%
    2007$2,712 -6%$155,147
    2006$2,886 --
    2005$2,886 +1.7%--
    2004$2,838 +4.2%--
    2003$2,723 +3.7%--
    2002$2,625 --
    2001$2,625 --
    Find assessor info on the county website

    Neighborhood: 33149

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Keybiscayne
    • Middle: Ponce De Leon
    • High: Coral Gables

    Source: MIAMI. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $817,400
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $817,400

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