Home » Key Biscayne » Galen Breakers at 550 Ocean Dr Key Biscayne » 550 Ocean Dr 3F, Key Biscayne, FL 33149 | A11603073

550 Ocean Dr 3F, Key Biscayne, FL 33149 | For Sale

$775,000
closed for a price of $725,000

Property Highlights

Listing ID A11603073 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: 365 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 365 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 83 Days
35 Photos of this Property

550 Ocean Dr 3F, Key Biscayne, FL 33149

Property Description: This elegantly remodeled 2 beds, 2 baths unit exudes tasteful sophistication. Its marble floors, top-of-the-line finishes, and open kitchen with glass blackspalsh & stainless steel appliances elevate its allure. The wide granite countertops provide both functionality and style. The unit boasts hurricane impact windows throughout. The marble bathrooms feature exquisite onyx countertops, adding a luxurious feel to the space. Both the master & second bedrooms are spacious & offer ample closet space. The unit comes with a storage unit under AC. Located in the impeccably run Galen Breakers building, which has been recently remodeled to exude modernism and chic luxury, this property offers an unbeatable location across from beach access, The Ritz Carlton & The Beach Club. 1400 SF as per owner.

Useful Info

Contingency:No Contingencies
Previous Asking Price:$840,000
Original List Price:$840,000
Close Price:$725,000

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Architectural Style:
  • High Rise
Entry Level (floor):3
Entry Level Location:3
Construction Materials:
  • Block
Flooring:
  • Marble
Number of stories:9

Property Features

Waterfront:No
Swimming Pool Features:
  • Association
Security:
  • Lobby Secured
  • Phone Entry
Appliances:
  • Dishwasher
  • Microwave
  • Electric Range
Interior Features:
  • Bedroom On Main Level
Exterior Features:
  • Other
Window Features:
  • Blinds
  • Plantation Shutters
Laundry Features:
  • Common Area
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
  • Electric
Heating System:
  • Other

Taxes and Expenses

Tax Annual Amount:$5,834

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:2023
Association Fee:$1,044
Association Fee Frequency:
  • Monthly
Association Fee 3rd HOA:$1,044
Association Fee 3rd HOA Frequency:
  • Monthly
Property Tax Status:Tax Reflects Homestead Tax

Terms

Listing Terms Considered by Seller:
  • Cash
  • Conventional
Occupant Type:
  • Call Agent
Buyer Possession:
  • Other
Buyer Financing:
  • Cash
Lease Considered:No

Community

Amenities Provided by the Homeowner's Association (HOA):
  • Pool
  • Trash
  • Clubhouse
  • Laundry
Subdivision Name:GALEN BREAKERS CONDOMINIU
Association Fee Includes:
  • Sewer
  • Water
  • Trash
  • Cable Tv
  • Association Management
  • Laundry
Complex Name:GLEN BREAKERS CONDO
Senior Community:No
Restrictions: Other Restrictions

Parking

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

More Details

Other Information:
Unit View: None
Housing Older Persons Act: No HOPA
Unit Design: High Rise
Type of Association: Condo
Minimum Number of Days for Lease: 365
Type of Governing Bodies: Condominium
Tax Information: Tax Reflects Homestead Tax
Number of times allowed to lease per year: 1
Flood Zone : AE
Homeowner's Association Application Fee: 150
Style: Condo 5+ Stories
FEMA Flood Zone Designations: AE
Municipal Code: 24
Subdivision Number: 31
Buyer Country of Residence: Unknown/Withheld
Water Access Description:Other

Zoning and Legal

Tax Legal Description:GALEN BREAKERS CONDOMINIUM UNIT 3-F THIRD FLOOR UNDIV 1.29722% INT IN COMMON ELEMENTS CLERKS FILE 69R-28066 OR 13698-3746 0588 5
Real Estate Folio Number (Parcel Number):24-52-05-031-0140
Public Survey Township:24
Public Survey Range:52
Public Survey Section:5

Listing History

Update/EventDate/Days
Published Date:June 7, 2024 1:15 pm
On Market Date:June 7, 2024
Close Date:August 29, 2024
Price Change Date Time:June 24, 2024 12:51 pm
Last Important Update Description:Closed
Date and Time of Last Important Update:August 29, 2024 1:47 pm
Status Last Changed:August 29, 2024 1:47 pm
Photos Last Modified:June 11, 2024 11:00 pm
Last Modified:August 30, 2024 5:26 pm
Days on the Market Reference Date:August 30, 2024
Days on the Market (updated on Last Modified*):61
Cumulative Days on the Market (updated on Last Modified**):61

Additional Information

Unit Location:High Rise
Number of Photos Count:35
Area:52
Ref ID:1076212325
Courtesy of:BHHS EWM Realty
Attribution:viviannadeluxe@aol.com
Universal Property Id:US-12025-N-2452050310140-R-N

Location

Show Property Address:Yes
Street Name:Ocean Dr
Street Number:550
Street Address:550 Ocean Dr 3F
Unit Number:3F
City : Key Biscayne
State : Florida
Zip Code : 33149
County : Miami-Dade County
Full Address:550 Ocean Dr 3F, Key Biscayne, FL 33149
Latitude:N25° 41' 26.4''
Longitude:W81° 50' 26.2''

Neighborhood

Postal City:Key Biscayne

Property Map

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