881 OCEAN DR 22G, Key Biscayne, FL 33149

881 OCEAN DR 22G, 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 L MORALES MONICA A HERNANDEZ, 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 2009-07-16 for $52,800, when TIMOTHY I COBB & RICHAR J CLARKE sold to TIMOTHY COBB. The property sold for $922,200 less than the prior sale of $975,000 on 2009-07-15. There are 3 recorded sales for this property.

The 2025 assessed value is $1,215,788 with a market value of $1,517,145. The assessed value increased 10% from $1,105,262 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 22G, 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 2002 to 2009, with 3 recorded transactions in the public record.

The current assessed value represents 2303% 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 $28 per square foot — a key metric for comparing value across Key Biscayne's real estate market..