199 OCEAN LANE DR 815, Key Biscayne, FL 33149

Parcel: 2442320141220 · Residential · Condominium - Residential · Zoning: 5000

Assessed Value (2025)
$973,590

Property Details

Beds
3
Baths
2.5
Living Sqft
1,350
Year Built
1974
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL

Sales History

1
$710,000
2014-08-19
SANSUCI INVEST INCJUAN VELEZ
2
$1,100,000+55%
2015-10-15
JUAN VELEZLUSU LLC
3
$1,500,000+36%
2022-05-27
LUSU LLCKB MATRIX LLC
4
$1,500,000
2022-06-15

Tax Assessment History

$973,590
Assessed (2025)
$973,590
Market Value
$973,590
Taxable Value
$19,822
Annual Tax
2024
$1,145,400
2025
$973,590
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $973,590 $973,590 $973,590 $19,822
2024 $1,145,400 $1,145,400 $1,145,400 $23,319

About 199 OCEAN LANE DR 815, Key Biscayne, FL 33149

199 OCEAN LANE DR 815, Key Biscayne, FL 33149 is a 3-bedroom, 2.5-bathroom residential - total value : condominium - residential built in 1974 with 1,350 square feet of living space. The property is currently owned by KB MATRIX LLC, recorded as of 2026-03-29. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2022-06-15 for $1,500,000. There are 4 recorded sales for this property. The 2025 assessed value is $973,590 with a market value of $973,590.

The assessed value decreased 15% from $1,145,400 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 815, 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 2014 to 2022, with 4 recorded transactions in the public record. The current assessed value represents 65% of the most recent sale price.

This low ratio may suggest the property is under-assessed relative to market value, common after recent improvements or a competitive purchase. Based on the most recent sale, this property traded at $1111 per square foot — a key metric for comparing value across Key Biscayne's real estate market..

Current Owner

KB MATRIX LLC
199 OCEAN LANE DR #815, KEY BISCAYNE, FL, 33149
Since: 2026-03-29
View owner profile →

People Behind This Entity

Flood Zone

Zone AE
Special Flood Hazard Area

Est. Annual Insurance

$10,135 — $18,324
Flood $400 — $800
Property/Wind $9,735 — $17,524

Estimate based on FEMA flood zone, property value, and year built. Actual premiums vary based on elevation, mitigation features, roof condition, and insurer. Not a quote.

Neighborhood

Median Income$146,719
Median Home Value$799,300
Pop. Density30,655/sq mi

Neighborhood 33149

34.2%
Owner-Occ
65.8%
Investor
119
Flips (4yr)
3,025
New Biz (3yr)
Distress Risk
MODERATE
36
View full risk analysis →
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