550 OCEAN DR 3F, Key Biscayne, FL 33149

Parcel: 2452050310140 · Residential · Condominium - Residential · Zoning: 4900

Assessed Value (2025)
$575,514

Property Details

Beds
2
Baths
2
Living Sqft
1,325
Year Built
1969
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL

Sales History

1
$445,000
2008-09-19
MARIO SALCEDO &W MARGARITA LENORMA L DELGADO
2
$490,000+10%
2014-01-06
NORMA L DELGADOJORGE L ORTEGA
3
$725,000+48%
2024-08-27
JORGE L ORTEGAALAN GARAVITO
4
$725,000
2024-08-30

Tax Assessment History

$575,514
Assessed (2025)
$575,514
Market Value
$575,514
Taxable Value
$11,717
Annual Tax
2024
$412,184
$537,864
2025
$575,514
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $575,514 $575,514 $575,514 $11,717
2024 $412,184 $537,864 $362,184 $7,374

About 550 OCEAN DR 3F, Key Biscayne, FL 33149

550 OCEAN DR 3F, Key Biscayne, FL 33149 is a 2-bedroom, 2-bathroom residential - total value : condominium - residential built in 1969 with 1,325 square feet of living space. The property is currently owned by ALAN GARAVITO, 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 2024-08-30 for $725,000. There are 4 recorded sales for this property. The 2025 assessed value is $575,514 with a market value of $575,514.

The assessed value increased 40% from $412,184 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 $87,013 recorded against this property. 550 OCEAN DR 3F, 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 2008 to 2024, with 4 recorded transactions in the public record. The current assessed value represents 79% of the most recent sale price. Based on the most recent sale, this property traded at $547 per square foot — a key metric for comparing value across Key Biscayne's real estate market..

Current Owner

ALAN GARAVITO
550 OCEAN DR 3F, KEY BISCAYNE, FL, 33149
Since: 2026-03-29
View owner profile →

Est. Annual Insurance

$7,306 — $13,461
Flood $400 — $800
Property/Wind $6,906 — $12,661

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
$100,000
~$87,013 bal.
EDUCATIONAL FCU · 2023-05-09
Est. Total Balance $87,013
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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