101 Ocean Lane Dr, #1017, Key Biscayne, FL, 33149 | $1,300,000

Located on the first floor of the most landscaped apt complex in Key Biscayne. A corner unit with spacious floor plan featuring a living-dining-kitchen area relating to a Lanai on a secluded cove & waterfall. Recently renovated. The floor is covered with imitation wood vinyl. The bathrooms have new vanities, showers, & a bidet. Ample closets throughout, some with Krosswood doors & Mortise locks. A gated four-story community with security guards, 2 pools, a hot tub, rec room, gym, beautifully paved footpaths. Exclusive access to a residents-only beach area, local shops, parks, restaurants, schools, houses of worship of different denominations & a community center all within walking distance. A Tennis Center & a Golf Course are very close. Free transportation service all around the island.

Features

  • Heating: Central,Electric
  • Cooling: Central Air,Electric
  • Levels: 4
  • Amenities: Bike Storage,Clubhouse,Fitness Center,Barbecue,Picnic Area,Pool,Trash,Vehicle Wash Area,Elevator(s)
  • Bedrooms: 3
  • Baths: 2 full
  • Laundry: Washer Hookup,Dryer Hookup
  • Complex: OCEAN VILLAGE CONDO
  • Year Built: 1982
  • Common Charge: $4,002 Quarterly
  • Approx Sq. Feet: 1,734
  • Est. Taxes: $5,181
  • View: Garden
  • Water Front: Yes
  • Elem. School: Keybiscayne
  • Middle School: Ponce De Leon
  • High School: Coral Gables
  • Pets Allowed: Yes
  • Pet Policy: Conditional,Yes
  • Appliances: Dryer,Dishwasher,Electric Range,Electric Water Heater,Disposal,Microwave,Refrigerator,Self Cleaning Oven,Trash Compactor,Washer
  • MLS#: A11615123
  • Days on Market: 77 days
  • Website: https://www.raveis.com
    /prop/A11615123/101oceanlanedr_keybiscayne_fl?source=qrflyer
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Listing courtesy of BHHS EWM Realty   Phone: 305-361-5600

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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101 Ocean Lane Dr, #1017, Key Biscayne, FL, 33149

$1,300,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,040,000 $1,040,000 $1,040,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.625% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.282% 6.762% 6.036%
Monthly Tax Payment $432 $432 $432
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,659 $6,659 $9,131
Total Monthly Payment $7,216 $7,216 $9,688

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.