550 OCEAN DR 5G, Key Biscayne, FL 33149

550 OCEAN DR 5G, 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 ENRIQUE ALEJANDRO VALENZUELA MARIA CELINA MAROTTA, 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 2022-06-27 for $565,000, when CARLOS BOLIVAR JR sold to ENRIQUE ALEJANDRO VALENZUELA . The property has appreciated $564,900 (564900%) since the prior sale of $100 on 2010-01-07. There are 3 recorded sales for this property.

The 2025 assessed value is $496,743 with a market value of $581,730. The assessed value increased 3% from $482,744 in 2024. The property has the following tax exemptions: homestead.

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. 550 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 1997 to 2022, with 3 recorded transactions in the public record. The current assessed value represents 88% of the most recent sale price.

Based on the most recent sale, this property traded at $426 per square foot — a key metric for comparing value across Key Biscayne's real estate market..