Condo in Key Biscayne, FL 33149

Commodore Club South, 199 Ocean Lane Dr #1005

Rarely available and partially renovated in 2025 including new appliances, this 3 bedrooms, 3 baths residence offers one of the most desirable floor plans in key colony's sought-after hotel section. Featuring an oversized private terrace ideal for indoor-outdoor living and entertaining, this unique property stans out from virtually every competing unit in the community. Unlike most residences in key biscayne, this unit allows legal short-term rentals with no minimum lease period, offering unparalleled flexibility for personal use, seasonal enjoyment, or income generation. Currently lease through october 31st, the property is already producing a gross return exceeding 6%, making it an exceptional turnkey investment opportunity.

This expansive corner unit offers over 2, 000 square feet of living space (as per owner survey) and is filled with natural light, with wraparound windows that overlook a garden. This unit offers three generously sized bedrooms, an open den, and two and a half modern bathrooms. It has a house feeling. Residents enjoy a resort-style building with amenities, including twelve tennis courts, pools, barbecue areas, a gym, playground, dog park, mini market golden hog, beauty salon, and café. Plus, relax with exclusive beach access offering chairs and umbrella service. This exceptional property truly stands out—don’t miss the opportunity to see it for yourself! Some pictures are staged