650 OCEAN DR 7E, Key Biscayne, FL 33149

Parcel: 2452040160370 · Residential · Condominium - Residential · Zoning: 5000

Assessed Value (2025)
$732,292

Property Details

Beds
2
Baths
2
Living Sqft
1,518
Year Built
1983
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL

Sales History

1
N/Anon-market transfer
1993-06-01
2
$210,000
1995-11-01
3
$710,000+238%
2022-06-15
INVERSIONES YOANDASIPETER HOFFMANN

Tax Assessment History

$732,292
Assessed (2025)
$738,344
Market Value
$732,292
Taxable Value
$14,909
Annual Tax
2024
$665,720
$738,344
2025
$732,292
$738,344
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $732,292 $738,344 $732,292 $14,909
2024 $665,720 $738,344 $665,720 $13,554

About 650 OCEAN DR 7E, Key Biscayne, FL 33149

650 OCEAN DR 7E, Key Biscayne, FL 33149 is a 2-bedroom, 2-bathroom residential - total value : condominium - residential built in 1983 with 1,518 square feet of living space. The property is currently owned by PETER HOFFMANN MARIELA HOFFMANN, 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 2022-06-15 for $710,000, when INVERSIONES YOANDASI sold to PETER HOFFMANN. The property has appreciated $500,000 (238%) since the prior sale of $210,000 on 1995-11-01. There are 3 recorded sales for this property.

The 2025 assessed value is $732,292 with a market value of $738,344. The assessed value increased 10% from $665,720 in 2024. The median household income in this area is $99,000, and the median home value is $944,400.

The population density is 23,370 people per square mile. There are active mortgage liens totaling $542,907 recorded against this property. 650 OCEAN DR 7E, 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 1993 to 2022, with 3 recorded transactions in the public record. The current assessed value represents 103% of the most recent sale price.

Based on the most recent sale, this property traded at $468 per square foot — a key metric for comparing value across Key Biscayne's real estate market..

Current Owner

PETER HOFFMANN MARIELA HOFFMANN
650 OCEAN DR 7E, KEY BISCAYNE, FL, 33149
Since: 2026-04-19
View owner profile →

Est. Annual Insurance

$7,722 — $13,981
Flood $400 — $800
Property/Wind $7,322 — $13,181

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$99,000
Median Home Value$944,400
Pop. Density23,370/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 →

Mortgages

ACTIVE
$568,000
~$542,907 bal.
JWH FINANCIAL INC · 2022-07-05
Est. Total Balance $542,907
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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