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  3. Key Biscayne, FL
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  5. 550 Ocean Dr Unit 8b
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550 Ocean Dr Unit 8b

550 Ocean Dr Unit 8b, Key Biscayne, FL, 33149

YEAR BUILT

1969

# STORIES

10

# TOTAL UNITS

22

UNIT SIZE RANGE

1,275-1,375 sqft

Description

550 Ocean Dr Unit 8b is a ten-story high-rise located in Key Biscayne, Florida. This building includes 22 units, each offering a range of 1,275 to 1,375 square feet. Built in 1969, this condominium provides impressive views of the surrounding area, including sights of the Atlantic Ocean. The building enjoys waterfront location, ensuring residents have access to nearby beaches. Unit prices range from $750,000 to $752,000. The average closed price over the past year is about $751,000, translating to a price per square foot of $568. Units spend an average of 104 days on the market. Amenities enhance the lifestyle here, including a heated pool, clubhouse, and barbecue area. Residents also benefit from features like a bike/jog path, child play area, and vehicle wash space. The building provides on-site management, ensuring things run smoothly for everyone living there. Units have several appealing in-unit features. Floor-to-ceiling and hurricane-proof windows allow ample natural light while providing views of the ocean and city. Large balconies and enclosed spaces offer additional comfort. Many units also come with walk-in closets for extra storage. Located across from the beach, this quiet boutique building makes for a pleasant living environment. A community room and hobby room invite residents to socialize. Nearby landmarks include the Ritz-Carlton, which adds to the appeal of the location. Access to white sandy beaches is just steps away from the entrance. This building combines a unique residential experience with community-focused amenities. The high ceilings and panoramic views create a welcoming atmosphere. Living here means enjoying the benefits of beachfront access while being part of a vibrant community in Key Biscayne.

Building ImageMLS ID #A11959898
Building ImageMLS ID #A11959898
Building Image
Building ImageView Listing

550 Ocean Dr Unit 8b

550 Ocean Dr Unit 8b, Key Biscayne, FL, 33149

YEAR BUILT

1969

# STORIES

10

# TOTAL UNITS

22

UNIT SIZE RANGE

1,275-1,375 sqft

Description

550 Ocean Dr Unit 8b is a ten-story high-rise located in Key Biscayne, Florida. This building includes 22 units, each offering a range of 1,275 to 1,375 square feet. Built in 1969, this condominium provides impressive views of the surrounding area, including sights of the Atlantic Ocean. The building enjoys waterfront location, ensuring residents have access to nearby beaches. Unit prices range from $750,000 to $752,000. The average closed price over the past year is about $751,000, translating to a price per square foot of $568. Units spend an average of 104 days on the market. Amenities enhance the lifestyle here, including a heated pool, clubhouse, and barbecue area. Residents also benefit from features like a bike/jog path, child play area, and vehicle wash space. The building provides on-site management, ensuring things run smoothly for everyone living there. Units have several appealing in-unit features. Floor-to-ceiling and hurricane-proof windows allow ample natural light while providing views of the ocean and city. Large balconies and enclosed spaces offer additional comfort. Many units also come with walk-in closets for extra storage. Located across from the beach, this quiet boutique building makes for a pleasant living environment. A community room and hobby room invite residents to socialize. Nearby landmarks include the Ritz-Carlton, which adds to the appeal of the location. Access to white sandy beaches is just steps away from the entrance. This building combines a unique residential experience with community-focused amenities. The high ceilings and panoramic views create a welcoming atmosphere. Living here means enjoying the benefits of beachfront access while being part of a vibrant community in Key Biscayne.

Next

Description

550 Ocean Dr Unit 8b is a ten-story high-rise located in Key Biscayne, Florida. This building includes 22 units, each offering a range of 1,275 to 1,375 square feet. Built in 1969, this condominium provides impressive views of the surrounding area, including sights of the Atlantic Ocean. The building enjoys waterfront location, ensuring residents have access to nearby beaches. Unit prices range from $750,000 to $752,000. The average closed price over the past year is about $751,000, translating to a price per square foot of $568. Units spend an average of 104 days on the market. Amenities enhance the lifestyle here, including a heated pool, clubhouse, and barbecue area. Residents also benefit from features like a bike/jog path, child play area, and vehicle wash space. The building provides on-site management, ensuring things run smoothly for everyone living there. Units have several appealing in-unit features. Floor-to-ceiling and hurricane-proof windows allow ample natural light while providing views of the ocean and city. Large balconies and enclosed spaces offer additional comfort. Many units also come with walk-in closets for extra storage. Located across from the beach, this quiet boutique building makes for a pleasant living environment. A community room and hobby room invite residents to socialize. Nearby landmarks include the Ritz-Carlton, which adds to the appeal of the location. Access to white sandy beaches is just steps away from the entrance. This building combines a unique residential experience with community-focused amenities. The high ceilings and panoramic views create a welcoming atmosphere. Living here means enjoying the benefits of beachfront access while being part of a vibrant community in Key Biscayne.

550 Ocean Dr Unit 8b Key Stats Last 12 months

Avg. Listed Price$814,500($615/Sqft.)
Avg. Sale Price$751,000($568/Sqft.)
Year over year list priceUp Arrow5.10%
Year over year sale priceUp Arrow 3.59%
Total Listings2 Listed
Total sold2 Sold
Average Days on Market104 days
Average HOA fees per sqft$1 /monthly
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Key Stats

Year over year list priceUp Arrow5.10%
Year over year sale priceUp Arrow3.59%
Total Listings2 Listed
Total sold2 Sold
Average Days on Market104 days
Average HOA fees per sqft$1 /monthly

Glen Gardens Estate Availability & Demand

Unit Availability

High
High availability buildings list units frequently.

Unit Availability helps to understand how often units in a particular building are listed for sale as compared with the neighborhood average. Units are rarely listed in buildings with low availability.

Unit Demand

High
Units in high-demand buildings sell quicker.

Unit Demand is a measure of quickly units in a particular building sell as compared with other buildings in the neighborhood. Units in high-demand buildings sell more quickly.

For Sale 0 For Sale

550 Ocean Dr Unit 8b Inventory & Sale History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit 3C3C132522842025-06-20
MLS#: A11772639 		Closed$752,000
Unit 3E3E1325221232025-05-02
MLS#: A11715551 		Closed$750,000
Unit 3F3F132522832024-08-29
MLS#: A11603073 		Closed$725,000
Unit 3C
3C

2 Beds

2 Baths

1325 sqft

DateStatusPrice
2025-06-20Closed$752,000
MLS#: A11772639
Days On Market84
Unit 3E
3E

2 Beds

2 Baths

1325 sqft

DateStatusPrice
2025-05-02Closed$750,000
MLS#: A11715551
Days On Market123
Unit 3F
3F

2 Beds

2 Baths

1325 sqft

DateStatusPrice
2024-08-29Closed$725,000
MLS#: A11603073
Days On Market83
View Complete Unit Listing HistorySource By: MIAMI REALTORS

Amenities

This condo building offers a wealth of amenities for relaxation and play. You can start your day with a refreshing dip in the heated pool or unwind by the private pool. For the little ones, there’s a dedicated child play area that keeps them entertained. Enjoy a fun barbecue with friends at the outdoor grills, or gather in the community room for a cozy evening. The clubhouse serves as a great social hub for meeting neighbors. If you love biking or jogging, you will appreciate the beautiful bike and jog path nearby. And don’t forget the convenience of kitchen facilities when you want to host a gathering. If you have a vehicle, the wash area makes keeping your car clean a breeze. Hobbies flourish in the hobby room, where creativity knows no bounds. Convenience is key here, with elevators making access easy for all residents.

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Amenities Description

This condo building offers a wealth of amenities for relaxation and play. You can start your day with a refreshing dip in the heated pool or unwind by the private pool. For the little ones, there’s a dedicated child play area that keeps them entertained. Enjoy a fun barbecue with friends at the outdoor grills, or gather in the community room for a cozy evening. The clubhouse serves as a great social hub for meeting neighbors. If you love biking or jogging, you will appreciate the beautiful bike and jog path nearby. And don’t forget the convenience of kitchen facilities when you want to host a gathering. If you have a vehicle, the wash area makes keeping your car clean a breeze. Hobbies flourish in the hobby room, where creativity knows no bounds. Convenience is key here, with elevators making access easy for all residents.

Parking
Parking
Locker
Locker
Concierge
Concierge
Elevator(s)
Elevator(s)
Check Icon
Central AC
Central AC
Pool
Pool
Check Icon
Fitness Center
Fitness Center
-
Visitors Parking
Visitors Parking
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Amenities

Elevator(s)

Elevator(s)

Barbecue

Barbecue

Hobby Room

Hobby Room

Bike Storage

Bike Storage

Pool

Pool

Community Room

Community Room

Private Pool

Private Pool

Fire Alarm

Fire Alarm

TV Camera

TV Camera

Laundry

Laundry

Storage

Storage

Balcony

Balcony

Smoke Detector(s)

Smoke Detector(s)

Policies

The building maintains a friendly atmosphere with straightforward policies. For pet lovers, you will be pleased that cats are welcome. However, it's good to know that there are restrictions in place. Following the policies helps keep the community organized and enjoyable for everyone. These guidelines ensure a comfortable living space for all residents.

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Amenities Description

The building maintains a friendly atmosphere with straightforward policies. For pet lovers, you will be pleased that cats are welcome. However, it's good to know that there are restrictions in place. Following the policies helps keep the community organized and enjoyable for everyone. These guidelines ensure a comfortable living space for all residents.

Pet Allowed
Pet Allowed
BBQ Permitted
BBQ Permitted
Sublet Allowed
Sublet Allowed
Short-term Rental Allowed
Short-term Rental Allowed

Compare with Buildings in the Neighbourhood (Last 12 Months)

Compare building's average price/sq. ft. and HOA fees/sq. ft. to buildings nearby

Building NameAvg price per square footAVG HOA FEE per square foot (Monthly)
550 Ocean Dr Unit 8b$568/sqft.$1 /sqft.
550 Ocean Dr$568/sqft.$1 /sqft.
590 Ocean Dr$590/sqft.$1 /sqft.
301 North Sunrise Condo$698/sqft.$2 /sqft.
301 Sunrise Dr$698/sqft.$2 /sqft.
300 Galen Dr$533/sqft.$2 /sqft.

Nearby Schools

550 Ocean Dr Unit 8b is positioned near local schools serving the surrounding area. Educational institutions within a 2-mile radius improve daily accessibility. Families benefit from shorter commutes and convenience. This well-located area supports comfortable living.

Key Biscayne K-8 Center

A
Public|Grades PK–5
150 W McIntyre St|0.47 miles away

St Agnes Academy

--
Private|Grades PK–8
122 Harbor Dr|0.73 miles away

Key Biscayne Presbyterian School

--
Private|Grades PK–1
160 Harbor Dr|0.79 miles away
Next

Schools

arrow rightWhat to know about schoolsarrow right
Next

Description

550 Ocean Dr Unit 8b is positioned near local schools serving the surrounding area. Educational institutions within a 2-mile radius improve daily accessibility. Families benefit from shorter commutes and convenience. This well-located area supports comfortable living.

Key Biscayne K-8 Center

A
Public|Grades PK–5
150 W McIntyre St|Less than 1 Mile Away

St Agnes Academy

--
Private|Grades PK–8
122 Harbor Dr|Less than 1 Mile Away

Key Biscayne Presbyterian School

--
Private|Grades PK–1
160 Harbor Dr|Less than 1 Mile Away

Transit

550 Ocean Dr Unit 8b offers strong public transit access in Key Biscayne, Key Biscayne, with multiple transportation options located within a 2-mile radius. Nearby Bus allow residents to move efficiently across the city without relying on a car. This transit-oriented location supports daily commuting, errands, and weekend travel. Excellent connectivity adds convenience and long-term livability to the neighborhood.

CRANDON BD & #235 (KEY COLONY)

0.51 miles away|10 min walk

CRANDON BD & # 951 US.POST OFFICE

0.38 miles away|8 min walk

CRANDON BD & CRANDON GOLF COURSE

1.61 miles away|31 min walk

CRANDON BD & E ENID DR

0.28 miles away|6 min walk

CRANDON BD & E WOOD DR

0.33 miles away|7 min walk

CRANDON BD & GALEN DR

0.26 miles away|5 min walk
Next

Transit

arrow rightWhat to know about transitarrow right
Next

Description

550 Ocean Dr Unit 8b offers strong public transit access in Key Biscayne, Key Biscayne, with multiple transportation options located within a 2-mile radius. Nearby Bus allow residents to move efficiently across the city without relying on a car. This transit-oriented location supports daily commuting, errands, and weekend travel. Excellent connectivity adds convenience and long-term livability to the neighborhood.

CRANDON BD & #235 (KEY COLONY)

0.51 miles away|10 min walk

CRANDON BD & # 951 US.POST OFFICE

0.38 miles away|8 min walk

CRANDON BD & CRANDON GOLF COURSE

1.61 miles away|31 min walk

CRANDON BD & E ENID DR

0.28 miles away|6 min walk

CRANDON BD & E WOOD DR

0.33 miles away|7 min walk

CRANDON BD & GALEN DR

0.26 miles away|5 min walk

CRANDON BD @ HARBOR DR

0.58 miles away|12 min walk

CRANDON BD & HARBOR DR

0.58 miles away|12 min walk

CRANDON BD & HEATHER DR

0.29 miles away|6 min walk

CRANDON BD & INTL TENNIS CENTER

1.22 miles away|24 min walk

CRANDON BD & MCINTYRE ST

0.28 miles away|6 min walk

CRANDON BD & OCEAN LA DR

0.65 miles away|13 min walk

CRANDON BD & OP INTERNATIONAL TEN

1.27 miles away|25 min walk

CRANDON BD & OP LINKS AT KEY BISC

1.69 miles away|33 min walk

CRANDON BD & SEAVIEW DR

0.36 miles away|7 min walk

CRANDON BD @ SONESTA DR

0.4 miles away|8 min walk

CRANDON BD & SONESTA DR

0.41 miles away|8 min walk

CRANDON BD & W MASHTA DR

0.37 miles away|8 min walk

CRANDON BD & W WOOD DR

0.34 miles away|7 min walk

CRANDON BLVD & ARTHUR LAMB JR RD

0.48 miles away|10 min walk

The Neighbourhood: Key Biscayne

Key Biscayne sits on a small island near Miami and draws visitors for beaches and parks. Crandon Park offers long sandy beaches, a golf course, and picnic spaces. Bill Baggs Cape Florida State Park protects coastal dunes and hosts the Cape Florida Lighthouse. Cape Florida Lighthouse stands as a local landmark and attracts people who enjoy views. Miami Seaquarium presents marine shows and animal exhibits on nearby Virginia Key. Jungle Island offers animal encounters and shows near Watson Island. Rusty Pelican serves popular seafood and waterfront views along the shoreline. Boater's Grill provides casual meals and drinks close to the state park. Bars like Monty's Raw Bar host social events and small gatherings. The area supports small shops, cafes, and local services for residents and visitors. Miami-Dade Transit buses connect the island to mainland transit hubs. Metrorail and bus lines link riders to downtown Miami and to regional rail. Bicycles and walking paths attract people who move around the island daily. The most common age group is 10 to 14 years old, and the most common household type has 2 people.

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Neighbourhood Description

Key Biscayne sits on a small island near Miami and draws visitors for beaches and parks. Crandon Park offers long sandy beaches, a golf course, and picnic spaces. Bill Baggs Cape Florida State Park protects coastal dunes and hosts the Cape Florida Lighthouse. Cape Florida Lighthouse stands as a local landmark and attracts people who enjoy views. Miami Seaquarium presents marine shows and animal exhibits on nearby Virginia Key. Jungle Island offers animal encounters and shows near Watson Island. Rusty Pelican serves popular seafood and waterfront views along the shoreline. Boater's Grill provides casual meals and drinks close to the state park. Bars like Monty's Raw Bar host social events and small gatherings. The area supports small shops, cafes, and local services for residents and visitors. Miami-Dade Transit buses connect the island to mainland transit hubs. Metrorail and bus lines link riders to downtown Miami and to regional rail. Bicycles and walking paths attract people who move around the island daily. The most common age group is 10 to 14 years old, and the most common household type has 2 people.

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550 Ocean Dr Unit 8b Demographics

Age Demographics

0–14 Years

25.92%

15–29 Years

14.83%

30–44 Years

14.91%

45–59 Years

25.53%

60+ Years

18.82%

Commute

2.18%

Transit

3.62%

Walk

68.65%

Drive

0.79%

Bike

Housing Ownership

66.82%

Owner Occupied

33.18%

Rental Units

Household Types

Single Family
38.83%
Multi Family
15.68%
Single Person
21.51%
Multi Person
78.49%

Average Income

Household:$17,425,205.54 /yr

Individual:$7,659,304.2 /yr

Education

Bachelors Degree39.58%
High School College6.51%
Diploma4.86%
Post Graduate35.3%
Others13.75%
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Education

Diploma4.86%
Post Graduate35.3%
Others13.75%
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  1. Home
  2. /Key Biscayne, FL
  3. /
    550 Ocean Dr Unit 8b
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