199 OCEAN LANE DR 112, Key Biscayne, FL 33149

199 OCEAN LANE DR 112, Key Biscayne, FL 33149 is a 2-bedroom, 2-bathroom residential - total value : condominium - residential built in 1974 with 1,260 square feet of living space. The property is currently owned by TATA BOTERO TRS HERNAN CARDENAS LIVING TRUST, recorded as of 2026-04-19. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2021-05-04 for $591,700, when MARIA TERESA CARRANZA TR sold to TATA BOTERO TRS. There are 3 recorded sales for this property. The 2025 assessed value is $752,662 with a market value of $769,275.

The assessed value increased 10% from $684,239 in 2024. This property is located in FEMA Flood Zone AE, a Special Flood Hazard Area with a 1% annual chance of flooding (100-year floodplain). Flood insurance is typically required by lenders for properties in this zone.

The median household income in this area is $146,719, and the median home value is $799,300. The population density is 30,655 people per square mile. 199 OCEAN LANE DR 112, Key Biscayne, FL 33149 is located in Key Biscayne, Florida.

Property records, tax assessments, sales history, and ownership information for this Key Biscayne property are sourced from miami_dade County public records. The complete ownership history of this property spans from 2000 to 2021, with 3 recorded transactions in the public record. The current assessed value represents 127% of the most recent sale price.

This high ratio could indicate the property was purchased below market value — a potential sign of a distressed sale or off-market deal. Based on the most recent sale, this property traded at $470 per square foot — a key metric for comparing value across Key Biscayne's real estate market..