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 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.
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 Key Stats Last 12 months
Avg. Listed Price$814,500($615/Sqft.)
Avg. Sale Price$751,000($568/Sqft.)
Year over year list price5.10%
Year over year sale price3.59%
Total Listings2 Listed
Total sold2 Sold
Average Days on Market104 days
Average HOA fees per sqft$1 /monthly
Key Stats
Year over year list price5.10%
Year over year sale price3.59%
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.
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.
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
Locker
Concierge
Elevator(s)
Central AC
Pool
Fitness Center
-
Visitors Parking
Amenities
Elevator(s)
Barbecue
Hobby Room
Bike Storage
Pool
Community Room
Private Pool
Fire Alarm
TV Camera
Laundry
Storage
Balcony
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.
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
BBQ Permitted
Sublet 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 Name
Avg price per square foot
AVG HOA FEE per square foot (Monthly)
550 Ocean Dr
$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 is located near several schools throughout Key Biscayne. Schools within a 2-mile radius provide dependable access for families. Convenient proximity supports smoother daily routines. This location enhances residential comfort.
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
Schools
What to know about schools
Description
550 Ocean Dr is located near several schools throughout Key Biscayne. Schools within a 2-mile radius provide dependable access for families. Convenient proximity supports smoother daily routines. This location enhances residential comfort.
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 is surrounded by public transit options designed for efficient city travel. Transportation access within a 2-mile radius ensures reliable connections across Key Biscayne. Residents benefit from flexible commuting options and reduced travel stress. This well-connected setting supports modern urban lifestyles.
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
Transit
What to know about transit
Description
550 Ocean Dr is surrounded by public transit options designed for efficient city travel. Transportation access within a 2-mile radius ensures reliable connections across Key Biscayne. Residents benefit from flexible commuting options and reduced travel stress. This well-connected setting supports modern urban lifestyles.
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.
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.
This neighborhood indicates a good mix of people which makes it a good place for families. About 25.92% are children aged 0–14, 14.83% are young adults between 15–29, 14.91% are adults aged 30–44, 25.53% are in the 45–59 range and 18.82% are seniors aged 60 and above.
Commuting options are also varying where 68.65% of residents relying on driving, while others prefer public transit around 2.18%, walking around 3.62%, biking around 0.79%, allowing residents to choose travel modes that best fit their daily routines.
Most homes in the area are with 66.82% of units owner occupied and 33.18% are rented.
The neighborhood offers different household types. About 38.83% are single family homes and 15.68% are multi family units. Around 21.51% are single-person households, while 78.49% are multi person households. This mix works well for families, roommates, and individuals.
Education levels in the neighborhood vary widely where 39.58% of residents have bachelor’s degrees. Around 6.51% have high school or college education. Another 4.86% hold diplomas while 35.3% have completed postgraduate studies. The remaining are 13.75% with other types of qualifications.
Demographics Description
This neighborhood indicates a good mix of people which makes it a good place for families. About 25.92% are children aged 0–14, 14.83% are young adults between 15–29, 14.91% are adults aged 30–44, 25.53% are in the 45–59 range and 18.82% are seniors aged 60 and above.
Commuting options are also varying where 68.65% of residents relying on driving, while others prefer public transit around 2.18%, walking around 3.62%, biking around 0.79%, allowing residents to choose travel modes that best fit their daily routines.
Most homes in the area are with 66.82% of units owner occupied and 33.18% are rented.
The neighborhood offers different household types. About 38.83% are single family homes and 15.68% are multi family units. Around 21.51% are single-person households, while 78.49% are multi person households. This mix works well for families, roommates, and individuals.
Education levels in the neighborhood vary widely where 39.58% of residents have bachelor’s degrees. Around 6.51% have high school or college education. Another 4.86% hold diplomas while 35.3% have completed postgraduate studies. The remaining are 13.75% with other types of qualifications.
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%
Education
Diploma4.86%
Post Graduate35.3%
Others13.75%
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