605 OCEAN DR 8M, Key Biscayne, FL 33149

Parcel: 2452050320840 · Residential · Condominium - Residential · Zoning: 4900

Assessed Value (2025)
$1,369,395

Property Details

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

Sales History

1
$995,000
2007-12-01
2
$1,350,000+36%
2014-05-02
ERNESTO FREYRE JRFRANCISCO J PEREZ MOCHALES
3
$1,400,000+4%
2020-10-19
FRANCISCO J PEREZ MOCHALESHERMANN E SCHWYN

Tax Assessment History

$1,369,395
Assessed (2025)
$1,743,164
Market Value
$1,318,673
Taxable Value
$26,847
Annual Tax
2024
$1,330,802
$1,660,156
2025
$1,369,395
$1,743,164
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $1,369,395 $1,743,164 $1,318,673 $26,847
2024 $1,330,802 $1,660,156 $1,280,802 $26,076

About 605 OCEAN DR 8M, Key Biscayne, FL 33149

605 OCEAN DR 8M, 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 HERMANN E SCHWYN MONICA ARISTIZABAL, 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 2020-10-19 for $1,400,000, when FRANCISCO J PEREZ MOCHALES sold to HERMANN E SCHWYN . The property has appreciated $50,000 (4%) since the prior sale of $1,350,000 on 2014-05-02. There are 3 recorded sales for this property.

The 2025 assessed value is $1,369,395 with a market value of $1,743,164. The assessed value increased 3% from $1,330,802 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. There are active mortgage liens totaling $475,217 recorded against this property. 605 OCEAN DR 8M, 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 2007 to 2020, with 3 recorded transactions in the public record. The current assessed value represents 98% of the most recent sale price.

Based on the most recent sale, this property traded at $790 per square foot — a key metric for comparing value across Key Biscayne's real estate market..

Current Owner

HERMANN E SCHWYN MONICA ARISTIZABAL
605 OCEAN DR 8M, KEY BISCAYNE, FL, 33149
Since: 2026-04-19
View owner profile →

Flood Zone

Zone AE
Special Flood Hazard Area

Est. Annual Insurance

$16,832 — $30,926
Flood $400 — $800
Property/Wind $16,432 — $30,126

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
$510,400
~$475,217 bal.
CITIBANK NA · 2020-10-29
Est. Total Balance $475,217
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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