607 OCEAN DR 10J, Key Biscayne, FL 33149

Parcel: 2452050321050 · Residential · Condominium - Residential · Zoning: 4900

Assessed Value (2025)
$1,154,149

Property Details

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

Sales History

1
N/Anon-market transfer
1990-09-01
2
$630,000
2008-03-01
3
$1,750,000+178%
2025-09-11
TALPO PROPERTIES LLCJOSEPH W DOWNS III
4
$1,750,000
2025-09-24

Tax Assessment History

$1,154,149
Assessed (2025)
$1,430,765
Market Value
$1,154,149
Taxable Value
$23,498
Annual Tax
2024
$1,049,227
$1,192,304
2025
$1,154,149
$1,430,765
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $1,154,149 $1,430,765 $1,154,149 $23,498
2024 $1,049,227 $1,192,304 $1,049,227 $21,361

About 607 OCEAN DR 10J, Key Biscayne, FL 33149

607 OCEAN DR 10J, 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 JOSEPH W DOWNS III NANCY STONER, 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 2025-09-24 for $1,750,000. There are 4 recorded sales for this property. The 2025 assessed value is $1,154,149 with a market value of $1,430,765.

The assessed value increased 10% from $1,049,227 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 $990,342 recorded against this property.

607 OCEAN DR 10J, 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 1990 to 2025, with 4 recorded transactions in the public record.

The current assessed value represents 66% of the most recent sale price. This low ratio may suggest the property is under-assessed relative to market value, common after recent improvements or a competitive purchase. Based on the most recent sale, this property traded at $1170 per square foot — a key metric for comparing value across Key Biscayne's real estate market..

Current Owner

JOSEPH W DOWNS III NANCY STONER
607 OCEAN DR 10J, KEY BISCAYNE, FL, 33149
Since: 2026-04-19
View owner profile →

Flood Zone

Zone AE
Special Flood Hazard Area

Est. Annual Insurance

$14,249 — $26,191
Flood $400 — $800
Property/Wind $13,849 — $25,391

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 5.675% rate
$1,000,000
~$990,342 bal.
MORGAN STANLEY PRIVATE BANK NA · 2025-09-24
Est. Total Balance $990,342
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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