605 OCEAN DR 3M, Key Biscayne, FL 33149

Parcel: 2452050320240 · Residential · Condominium - Residential · Zoning: 4900

Assessed Value (2025)
$1,291,181

Property Details

Beds
3
Baths
2.5
Living Sqft
1,772
Year Built
1969
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL

Sales History

1
$975,000
2013-12-17
MIGUEL M GONZALEZ &W OLGA EEMILIO FERRO

Tax Assessment History

$1,291,181
Assessed (2025)
$1,658,613
Market Value
$1,240,459
Taxable Value
$25,255
Annual Tax
2024
$1,254,793
$1,579,631
2025
$1,291,181
$1,658,613
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $1,291,181 $1,658,613 $1,240,459 $25,255
2024 $1,254,793 $1,579,631 $1,204,793 $24,529

About 605 OCEAN DR 3M, Key Biscayne, FL 33149

605 OCEAN DR 3M, Key Biscayne, FL 33149 is a 3-bedroom, 2.5-bathroom residential - total value : condominium - residential built in 1969 with 1,772 square feet of living space. The property is currently owned by EMILIO FERRO SILVANA LARRARTE, 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 2013-12-17 for $975,000, when MIGUEL M GONZALEZ &W OLGA E sold to EMILIO FERRO. The 2025 assessed value is $1,291,181 with a market value of $1,658,613. The assessed value increased 3% from $1,254,793 in 2024.

The property has the following tax exemptions: homestead. 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. 605 OCEAN DR 3M, 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 current assessed value represents 132% 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 $550 per square foot — a key metric for comparing value across Key Biscayne's real estate market..

Current Owner

EMILIO FERRO SILVANA LARRARTE
605 OCEAN DR #3M, KEY BISCAYNE, FL, 33149
Since: 2026-04-19
View owner profile →

Flood Zone

Zone AE
Special Flood Hazard Area

Est. Annual Insurance

$15,894 — $29,205
Flood $400 — $800
Property/Wind $15,494 — $28,405

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$170,682
Median Home Value$1,539,500
Pop. Density16,591/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 →
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