881 OCEAN DR 5G, Key Biscayne, FL 33149

881 OCEAN DR 5G, Key Biscayne, FL 33149 is a 2-bedroom, 2-bathroom residential - total value : condominium - residential built in 1971 with 1,875 square feet of living space. The property is currently owned by MICHAEL BORNSTEIN ROLAND TESCH, recorded as of 2026-04-19. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2008-06-06 for $600,000, when ALFRED & CHRISTA BORNSTEIN sold to MICHAEL BORNSTEIN &. The property has appreciated $500,500 (503%) since the prior sale of $99,500 on 1973-08-01. The 2025 assessed value is $1,132,919 with a market value of $1,413,720.

The assessed value increased 10% from $1,029,927 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 $170,682, and the median home value is $1,539,500. The population density is 16,591 people per square mile. 881 OCEAN DR 5G, 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 1973 to 2008, with 2 recorded transactions in the public record. The current assessed value represents 189% 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 $320 per square foot — a key metric for comparing value across Key Biscayne's real estate market..