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CondominiumResidential

550 Ocean Dr

KEY BISCAYNE, FL 33149
1969
Year BuiltThe year the home was originally built, according to county records.
Built 196964 units1,325–1,325 ft²
$49M
All units combinedThe sum of our current value estimates for every unit in the building — roughly what the whole building's homes are worth together.
$767K
Median unit valueThe middle unit value in this building by our estimate: half the units are worth more, half less.
$579
Median $/ft²The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.

-38.3%vs the Key Biscayne ZIP median sale $/ft² ($939)

Sales Performance

$810K
Median sale (12 mo)The middle sale price among this building's units that sold in the last 12 months, from recorded deeds.
+7.9%
1-yr changeHow the building's median sale price over the last 12 months compares with the 12 months before that.
4
Sales (12 mo)Units in this building that sold in the last 12 months, from recorded arms-length deeds.
6.3%
Turnover (12 mo)The share of units that changed hands in the last 12 months. Around 4–6% a year is typical; much higher can signal investor churn or a wave of exits.
This building's own appreciationThe building's own appreciation: for every unit that sold twice (held over a year), we compute its yearly price change between the two sales and take the middle value. This is the cleanest read on how this specific building performs, because it compares each unit to itself.
+4.2%per yeartypical hold 9.4 yrsfrom 38 same-unit resales
Median sale price (yearly, all time)Every recorded arms-length sale in the building since records begin, grouped by year: the bars count sales and the line tracks the median price paid.MedianSales
19972001200520102015201920222026
Sale price per ft² (yearly, all time)The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.$/ft²
19972001200520102015201920222026

84 arms-length sales on record for this building.

Unit Mix & Floor PlansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.

Every unit: size vs estimated valueEvery unit in the building as one dot: across is its size, up is our current value estimate, and color is its bedroom count. Vertical columns of dots are recurring floor plans; the height spread within a column shows how much floor, view and condition move prices for the same layout.
$648K$748K$847K$947K1,325 ft²1,325 ft²1,325 ft²1,325 ft²1,325 ft²1,325 ft²
2 bd
2 bed
64 units
Recurring floor plansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.
2 bd · 2 ba · 1,325 ft²
64 units

Value DistributionHow the building's units spread across value ranges by our current estimates. A wide spread usually means big differences in size, floor or view.

$648K–$671K
8 units
$698K–$720K
9 units
$727K–$758K
11 units
$761K–$797K
13 units
$798K–$827K
21 units
$846K–$846K
1 unit
$947K–$947K
1 unit

Ownership & Financing

Owner-occupiedThe share of units where the owner lives in the unit, per county records. The rest are second homes or rentals.78%
Company-ownedUnits owned through an LLC, trust, or other company — a rough proxy for investor ownership.30%
Typical owner tenureThe middle number of years since each unit last changed hands — how long the current owners have been in place.11.7 yrs
Cash purchases (5 yrs)The share of purchases in the last 5 years with no mortgage recorded. High cash share is common in second-home and investor buildings.67%
Avg. loan-to-valueAverage current loan balance against unit value across the building. Low numbers mean owners hold lots of equity — a sign of financial stability.27%
Median owner equityThe middle dollar amount of equity (value minus loans) unit owners hold in this building.$801,743
Median tax billThe middle annual property tax bill among the building's units.$8,618
Pre-foreclosure noticesUnits with an active pre-foreclosure or foreclosure notice on file.0

Recent SalesThe latest recorded arms-length sales in the building, newest first.

Unit 7EAug 3, 2026$795,000Unit 4EJul 27, 2026$830,000Unit 8BMay 28, 2026$825,000Unit 8DMar 2, 2026$775,000Unit 3CJul 1, 2025$752,000Unit 3EMay 12, 2025$750,000Unit 3FAug 30, 2024$725,000Unit 7GSep 8, 2023$670,000Unit 5CApr 25, 2023$644,000Unit 5GJun 30, 2022$565,000

Values are TopHap estimates, not appraisals. Sales, ownership and tax figures come from recorded county documents via ATTOM and can lag by several weeks.

Climate Risk

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.50 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.100%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.1 percent flood zone

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Condominium
StyleThe architectural style of the home, such as ranch or colonial.Condo/Apartment
CountyMIAMI-DADE
PoolWhether the property has a pool, and what kind, such as in-ground.No

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Key Biscayne K-8 CenterA-
Elementary · Grades PK–5 · 0.5 mi
H
Coral Gables Senior High SchoolC+
High · Grades 9–12 · 7.1 mi
M
Ponce De Leon Middle SchoolB
Middle · Grades 6–8 · 7.2 mi

District: Dade County School District

Neighborhood · ZIP 33149These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.72
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.77
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.9

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.76%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.36%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.7.1%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.0.7%
PopulationHow many people live in this area.16,714
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.1,068 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$155,699
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$201,344
Average tempThe average temperature here across a full year.76°F
Annual precipHow much rain and melted snow falls here in a typical year.54 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.70%

All UnitsEvery property record the county has at this street address, such as the units in a condo building. Prices shown are our estimates, not asking prices.

550 Ocean Dr # 2a
2 bd · 2 ba · 1,325 ft²
$752K
550 Ocean Dr # 2b
2 bd · 2 ba · 1,325 ft²
$741K
550 Ocean Dr # 2c
2 bd · 2 ba · 1,325 ft²
$767K
550 Ocean Dr # 2d
2 bd · 2 ba · 1,325 ft²
$799K
550 Ocean Dr # 2e
2 bd · 2 ba · 1,325 ft²
$648K
550 Ocean Dr # 2f
2 bd · 2 ba · 1,325 ft²
$816K
550 Ocean Dr # 2g
2 bd · 2 ba · 1,325 ft²
$758K
550 Ocean Dr # 2h
2 bd · 2 ba · 1,325 ft²
$752K
550 Ocean Dr # 3a
2 bd · 2 ba · 1,325 ft²
$752K
550 Ocean Dr # 3b
2 bd · 2 ba · 1,325 ft²
$820K
550 Ocean Dr # 3c
2 bd · 2 ba · 1,325 ft²
$719K
550 Ocean Dr # 3d
2 bd · 2 ba · 1,325 ft²
$754K
550 Ocean Dr # 3e
2 bd · 2 ba · 1,325 ft²
$713K
550 Ocean Dr # 3f
2 bd · 2 ba · 1,325 ft²
$671K
550 Ocean Dr # 3g
2 bd · 2 ba · 1,325 ft²
$819K
550 Ocean Dr # 3h
2 bd · 2 ba · 1,325 ft²
$720K
550 Ocean Dr # 4a
2 bd · 2 ba · 1,325 ft²
$720K
550 Ocean Dr # 4b
2 bd · 2 ba · 1,325 ft²
$648K
550 Ocean Dr # 4c
2 bd · 2 ba · 1,325 ft²
$768K
550 Ocean Dr # 4d
2 bd · 2 ba · 1,325 ft²
$786K
550 Ocean Dr # 4e
2 bd · 2 ba · 1,325 ft²
$827K
550 Ocean Dr # 4f
2 bd · 2 ba · 1,325 ft²
$648K
550 Ocean Dr # 4g
2 bd · 2 ba · 1,325 ft²
$750K
550 Ocean Dr # 4h
2 bd · 2 ba · 1,325 ft²
$817K
550 Ocean Dr # 5a
2 bd · 2 ba · 1,325 ft²
$797K
550 Ocean Dr # 5b
2 bd · 2 ba · 1,325 ft²
$768K
550 Ocean Dr # 5c
2 bd · 2 ba · 1,325 ft²
$727K
550 Ocean Dr # 5d
2 bd · 2 ba · 1,325 ft²
$947K
550 Ocean Dr # 5e
2 bd · 2 ba · 1,325 ft²
$816K
550 Ocean Dr # 5f
2 bd · 2 ba · 1,325 ft²
$796K
550 Ocean Dr # 5g
2 bd · 2 ba · 1,325 ft²
$789K
550 Ocean Dr # 5h
2 bd · 2 ba · 1,325 ft²
$648K
550 Ocean Dr # 6a
2 bd · 2 ba · 1,325 ft²
$652K
550 Ocean Dr # 6b
2 bd · 2 ba · 1,325 ft²
$711K
550 Ocean Dr # 6c
2 bd · 2 ba · 1,325 ft²
$846K
550 Ocean Dr # 6d
2 bd · 2 ba · 1,325 ft²
$812K
550 Ocean Dr # 6e
2 bd · 2 ba · 1,325 ft²
$812K
550 Ocean Dr # 6f
2 bd · 2 ba · 1,325 ft²
$811K
550 Ocean Dr # 6g
2 bd · 2 ba · 1,325 ft²
$821K
550 Ocean Dr # 6h
2 bd · 2 ba · 1,325 ft²
$761K
550 Ocean Dr # 7a
2 bd · 2 ba · 1,325 ft²
$816K
550 Ocean Dr # 7b
2 bd · 2 ba · 1,325 ft²
$747K
550 Ocean Dr # 7c
2 bd · 2 ba · 1,325 ft²
$698K
550 Ocean Dr # 7d
2 bd · 2 ba · 1,325 ft²
$804K
550 Ocean Dr # 7e
2 bd · 2 ba · 1,325 ft²
$795K
550 Ocean Dr # 7f
2 bd · 2 ba · 1,325 ft²
$748K
550 Ocean Dr # 7g
2 bd · 2 ba · 1,325 ft²
$698K
550 Ocean Dr # 7h
2 bd · 2 ba · 1,325 ft²
$778K
550 Ocean Dr # 8a
2 bd · 2 ba · 1,325 ft²
$710K
550 Ocean Dr # 8b
2 bd · 2 ba · 1,325 ft²
$817K
550 Ocean Dr # 8c
2 bd · 2 ba · 1,325 ft²
$790K
550 Ocean Dr # 8d
2 bd · 2 ba · 1,325 ft²
$762K
550 Ocean Dr # 8e
2 bd · 2 ba · 1,325 ft²
$804K
550 Ocean Dr # 8f
2 bd · 2 ba · 1,325 ft²
$814K
550 Ocean Dr # 8g
2 bd · 2 ba · 1,325 ft²
$701K
550 Ocean Dr # 8h
2 bd · 2 ba · 1,325 ft²
$808K
550 Ocean Dr # 9a
2 bd · 2 ba · 1,325 ft²
$764K
550 Ocean Dr # 9b
2 bd · 2 ba · 1,325 ft²
$805K
550 Ocean Dr # 9c
2 bd · 2 ba · 1,325 ft²
$648K
550 Ocean Dr # 9d
2 bd · 2 ba · 1,325 ft²
$757K
550 Ocean Dr # 9e
2 bd · 2 ba · 1,325 ft²
$811K
550 Ocean Dr # 9f
2 bd · 2 ba · 1,325 ft²
$805K
550 Ocean Dr # 9g
2 bd · 2 ba · 1,325 ft²
$798K
550 Ocean Dr # 9h
2 bd · 2 ba · 1,325 ft²
$652K

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

About 550 Ocean Dr

How many units are in 550 Ocean Dr, Key Biscayne, FL?

550 Ocean Dr, Key Biscayne, FL has 64 residential units across built in 1969, according to county assessor records.

What is a unit at 550 Ocean Dr, Key Biscayne, FL worth?

The median TopHap Estimate across the 64 units at 550 Ocean Dr, Key Biscayne, FL is $767,442. That works out to $579 per square foot. Units run from 1,325 to 1,325 square feet. Estimates are modelled from recorded sales and assessments, not appraisals.

Is 550 Ocean Dr, Key Biscayne, FL expensive for Key Biscayne?

Units at 550 Ocean Dr, Key Biscayne, FL carry a median of $579 per square foot, 38% below the Key Biscayne median of $939 per square foot.

How often do units sell at 550 Ocean Dr, Key Biscayne, FL?

4 units at 550 Ocean Dr, Key Biscayne, FL sold in the last 12 months, out of 84 recorded arms-length sales all time. That is a turnover rate of 6.3% of the building per year. The median sale over that period was $810K.

Have units at 550 Ocean Dr, Key Biscayne, FL appreciated?

Across 38 repeat sales of the same unit, 550 Ocean Dr, Key Biscayne, FL returned a median 4.2% per year. Because each pair is the same unit bought and sold, the figure is not distorted by which units traded. The median owner held for 9.4 years.

What floor plans does 550 Ocean Dr, Key Biscayne, FL have?

The most common plan at 550 Ocean Dr, Key Biscayne, FL is a 2-bedroom of 1,325 square feet, repeated 64 times, with a median estimate of $767,442. TopHap identifies 1 recurring plans in the building.

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