550 OCEAN DR 8H, Key Biscayne, FL 33149

Parcel: 2452050310560 · Residential · Condominium - Residential · Zoning: 4900

Assessed Value (2025)
$481,493

Property Details

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

Sales History

1
$250,000
2004-08-01
2
$448,200+79%
2013-04-26
EDUARDO QUIRCH JR &W PATRICIAHAROLD STEVEN VOGEL JR
3
$625,000+39%
2021-06-10
HAROLD STEVEN VOGEL JRROBERT SPRANGER CORREIA

Tax Assessment History

$481,493
Assessed (2025)
$590,987
Market Value
$430,771
Taxable Value
$8,770
Annual Tax
2024
$467,924
$552,324
2025
$481,493
$590,987
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $481,493 $590,987 $430,771 $8,770
2024 $467,924 $552,324 $417,924 $8,509

About 550 OCEAN DR 8H, Key Biscayne, FL 33149

550 OCEAN DR 8H, 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 ROBERT SPRANGER CORREIA PAULA A CORREIA, 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 2021-06-10 for $625,000, when HAROLD STEVEN VOGEL JR sold to ROBERT SPRANGER CORREIA . The property has appreciated $176,800 (39%) since the prior sale of $448,200 on 2013-04-26. There are 3 recorded sales for this property.

The 2025 assessed value is $481,493 with a market value of $590,987. The assessed value increased 3% from $467,924 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. There are active mortgage liens totaling $348,673 recorded against this property.

550 OCEAN DR 8H, 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 2004 to 2021, with 3 recorded transactions in the public record.

The current assessed value represents 77% of the most recent sale price. Based on the most recent sale, this property traded at $472 per square foot — a key metric for comparing value across Key Biscayne's real estate market..

Current Owner

ROBERT SPRANGER CORREIA PAULA A CORREIA
550 OCEAN DR 8H, KEY BISCAYNE, FL, 33149
Since: 2026-04-19
View owner profile →

Est. Annual Insurance

$6,177 — $11,392
Flood $400 — $800
Property/Wind $5,777 — $10,592

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
$405,000
~$348,673 bal.
TRUIST BANK · 2021-06-25
1 satisfied mortgage
SATISFIED 2020-12-22
$280,000
SPACE COAST CU
Est. Total Balance $348,673
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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