199 OCEAN LANE DR 1202, Key Biscayne, FL 33149

199 OCEAN LANE DR 1202, Key Biscayne, FL 33149 is a 1-bedroom, 1.5-bathroom residential - total value : condominium - residential built in 1974 with 895 square feet of living space. The property is currently owned by NORTH INVESTMENT GROUP III 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 2021-08-24 for $555,000, when COMMODORE AU LLC sold to NORTH INVESTMENT GROUP III LLC. The property has appreciated $55,000 (11%) since the prior sale of $500,000 on 2021-01-15. There are 3 recorded sales for this property.

The 2025 assessed value is $644,869 with a market value of $646,300. The assessed value increased 10% from $586,245 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 1202, 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 1979 to 2021, with 3 recorded transactions in the public record.

The current assessed value represents 116% of the most recent sale price. Based on the most recent sale, this property traded at $620 per square foot — a key metric for comparing value across Key Biscayne's real estate market..