Home » Key Biscayne » Galen Breakers at 550 Ocean Dr Key Biscayne » 550 Ocean Dr 7G, Key Biscayne, Florida 33149 | A11385729

Sold 550 Ocean Dr 7G, Key Biscayne, Florida 33149

$750,000
closed for a price of $670,000

Property Highlights

Listing ID A11385729 Status of this Listing: Closed Sold Property Type Residential Condominium 2 Bedrooms 2 Bathrooms Total 2 Full Bath Living Space 1,325 Sqft/123.10 m2 approx. Building Area 1,325 Sqft/123.10 m2 approx. COMMUNITY POOL Year Built 1969 Lease Term Minimum Duration: 180 What it means?Refers to a regulation set by the property association, stipulating that each rental agreement for the property must be for a duration of at least 180 days. This rule ensures that every time the property is rented out, the lease term cannot be shorter than the specified minimum period. Time of this property from published date until Closing Date 113 Days

550 Ocean Dr 7G, Key Biscayne, Florida 33149

Property Description: Seller says sell! Move-in ready 2/2 across the beach in this quiet boutique building! Nicely remodeled and full of natural SE light with beautiful views from this 7th floor. New hurricane proof windows throughout the entire apartment. Additional 100 SF (approx. as per owner disclosure) of Beautiful Enclosed Terrace. VERY EASY TO SHOW, ANY DAY ANY TIME. GREAT time to be a new owner. Depending on offer, seller will pay special assessments at closing for the 50 Year certification. First 2 years of ownership, no rentals. Dogs allowed if service or emotional support animal. Cats OK.

Useful Info

Contingency:No Contingencies
Original List Price:$750,000
Close Price:$670,000
If Bank REO, Short Sale, As Is, etc.:
  • Listed As-is

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Architectural
Style:
  • High Rise
Entry Level (floor):5
Entry Level Location:5
Construction Materials:
  • Block
Flooring:
  • Ceramic Tile
Number of stories:9

Property Features

View from the Property:
  • Garden
  • Other
Waterfront:No
Swimming Pool Features:
  • Association
Furnished:
  • Unfurnished
Appliances:
  • Dishwasher
  • Microwave
  • Electric Range
Interior Features:
  • First Floor Entry
  • Bedroom On Main Level
Exterior Features:
  • Balcony
Patio and Porch Features:
  • Balcony
  • Open
Window Features:
  • Impact Glass
Laundry Features:
  • Common Area
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating:Yes
Heating System:
  • Central
Property Entrance Faces:
  • Southeast

Taxes and Expenses

Tax Annual Amount:$5,645

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2022
Association Fee:$945
Association Fee Frequency:
  • Monthly

Terms

Listing Terms Considered by Seller:
  • Cash
  • Conventional
Occupant Type:
  • Vacant
Buyer Possession:
  • Closing & Funding
Buyer Financing:
  • Cash
Lease Considered:No

Community

Pets Allowed?:
  • Yes
  • Conditional
Amenities Provided by the Homeowner's Association (HOA):
  • Pool
  • Clubhouse
  • Laundry
  • Storage
  • Elevator(s)
Subdivision Name:GALEN BREAKERS CONDO
Association Fee Includes:
  • Water
  • Other
  • Insurance
Complex Name:GALEN BREAKERS CONDO
Senior Community:No
Restrictions: OK To Lease

Parking

Garage:Yes
Garage Spaces:1
Covered Spaces:1
Parking Features:
  • Covered
  • Assigned
  • Guest

Utilities

Utilities Available:
  • Cable Available

More Details

Other Information:
Unit ViewGarden View,Other View
Housing Older Persons ActNo HOPA
Unit DesignHigh Rise,Lobby
Type of AssociationCondo
Minimum Number of Days for Lease180
Type of Governing BodiesCondominium
Tax InformationTax Reflects City & County Tax
Buyer Country of ResidenceUnknown/Withheld
Number of times allowed to lease per year2
Flood ZoneAE
Homeowner's Association Application Fee75
Style Condo 5+ Stories
FEMA Flood Zone DesignationsAE
Municipal Code24
Subdivision Number31

Zoning and Legal

Tax Legal Description:GALEN BREAKERS CONDOMINIUM UNIT 5-C FIFTH FLOOR UNDIV 1.43377% INT IN COMMON ELEMENTS CLERKS FILE 69R-28066 OR 17922-4256 1297 5
Real Estate Folio Number (Parcel Number):24-52-05-031-0470
Public Survey Township:24
Public Survey Range:52
Public Survey Section:5

Listing History

Update/EventDate/Days
Published Date:May 10, 2023 5:42 pm
On Market Date:May 10, 2023
Close Date:August 31, 2023
Price Change Date Time:May 10, 2023 5:05 pm
Last Important Update Description:Closed
Date and Time of Last Important Update:August 31, 2023 4:29 pm
Status Last Changed:August 31, 2023 4:29 pm
Photos Last Modified:June 12, 2023 9:27 pm
Last Modified:August 31, 2023 8:29 pm
Days on the Market (updated on Last Modified*):99
Cumulative Days on the Market (updated on Last Modified**):99

Additional Information

Unit Location:High Rise,Lobby
Number of Photos:25
Location:,,
Included:,,
Area:52
Courtesy of:Cervera Real Estate Inc.
Universal Property Id:US-12025-N-2452050310470-R-N

Location

Show Property Address:Yes
Street Name:Ocean Dr
Street Number:550
Street Address:550 Ocean Dr 7G
Unit Number:7G
City : Key Biscayne
State : Florida
Zip Code : 33149
County : Miami-Dade County
Full Address:550 Ocean Dr 7G, Key Biscayne, Florida 33149
Latitude:N25° 41' 26.4''
Longitude:W81° 50' 26.2''

Neighborhood

Postal City:Key Biscayne

Property Map

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