607 OCEAN DR 4K, Key Biscayne, FL 33149

Parcel: 2452050320340 · Residential · Condominium - Residential · Zoning: 4900

Assessed Value (2025)
$1,087,240

Property Details

Beds
2
Baths
2
Living Sqft
1,496
Year Built
1969
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL

Sales History

1
$562,500
2005-01-01
2
$99,900-82%
2012-09-12
ROBERT D LEAMAN &W REBECAHSL PROPERTY HOLDINGS IV LLC
3
$750,000+651%
2014-04-01
HSL PROPERTY HOLDINGS IV LLCSPIAGGIA LLC

Tax Assessment History

$1,087,240
Assessed (2025)
$1,347,818
Market Value
$1,087,240
Taxable Value
$22,135
Annual Tax
2024
$988,400
$1,123,182
2025
$1,087,240
$1,347,818
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $1,087,240 $1,347,818 $1,087,240 $22,135
2024 $988,400 $1,123,182 $988,400 $20,123

About 607 OCEAN DR 4K, Key Biscayne, FL 33149

607 OCEAN DR 4K, Key Biscayne, FL 33149 is a 2-bedroom, 2-bathroom residential - total value : condominium - residential built in 1969 with 1,496 square feet of living space. The property is currently owned by SPIAGGIA LLC, 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 2014-04-01 for $750,000, when HSL PROPERTY HOLDINGS IV LLC sold to SPIAGGIA LLC. The property has appreciated $650,100 (651%) since the prior sale of $99,900 on 2012-09-12. There are 3 recorded sales for this property.

The 2025 assessed value is $1,087,240 with a market value of $1,347,818. The assessed value increased 10% from $988,400 in 2024. 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.

There are active mortgage liens totaling $976,914 recorded against this property. 607 OCEAN DR 4K, 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 2005 to 2014, with 3 recorded transactions in the public record. The current assessed value represents 145% 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 $501 per square foot — a key metric for comparing value across Key Biscayne's real estate market..

Current Owner

SPIAGGIA LLC
607 OCEAN DR #4K, KEY BISCAYNE, FL, 33149
Since: 2026-03-29
View owner profile →

People Behind This Entity

Flood Zone

Zone AE
Special Flood Hazard Area

Est. Annual Insurance

$13,446 — $24,719
Flood $400 — $800
Property/Wind $13,046 — $23,919

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 →

Mortgages

ACTIVE 6.5% rate
$987,000
~$976,914 bal.
HELM BANK USA · 2025-07-08
Est. Total Balance $976,914
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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