Updated 4 Days Ago
Location
550 Ocean Dr #7H, Key Biscayne, FL 33149, USA|Village of Key Biscayne
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Property Overview
Enjoys a prime Key Biscayne location with oceanfront appeal, offering easy access to beaches, parks, and nearby amenities. The home combines a desirable coastal setting with practical convenience, making it appealing for those seeking a relaxed waterfront lifestyle.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive- Elementary school nearby
- Extra Storage
Great for
Pet owners
Amenities for 550 Ocean Dr #7H, Village of Key Biscayne
Features
| Balcony |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
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About 550 Ocean Dr #7H
Sweet deal!
This listing is 21% below the median price for 2 bedroom apartments in Village of Key Biscayne.
Property Status: Active Rare corner residence at 550 Ocean Drive! Beautifully remodeled 2bd/2ba, 1,450 SF with wraparound balcony. Bright open floor plan, updated throughout. Prime Key Biscayne - minutes to the beach, Village Green, top-rated schools, dining and shopping. Available Dec 15 or sooner. $5,500/mo. Office Phone: (786) 266-9440 Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 550 Ocean Dr, Key Biscayne, FL 33149, USA compares to other nearby properties.
Positives
- Less expensive
- Some rentals at this address are cheaper than similar listings nearby
- Elementary school nearby
- There is an elementary school 0.5 miles away
- Extra Storage
- In-unit features
- Images available
- There are at least 10 photos of this address
- Outdoor space
- One or more rentals here have easy access to the outdoors
Address details
| Neighborhood | Village of Key Biscayne |
|---|---|
| Zip code | 33149 |
| Type | Condo for rent |
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Rent trends in Village of Key Biscayne
2-bedroom apartments at 550 Ocean Dr #7H cost about 21% less than the average rent price for 2-bedroom apartments in Key Biscayne.
Median rents as of Oct 3 2026.
Village of Key Biscayne
Key Biscayne
| Month | Median Rent |
|---|---|
| October 2024 | $6,400 |
| November 2024 | $6,420 |
| December 2024 | $6,325 |
| January 2025 | $6,475 |
| February 2025 | $6,500 |
| March 2025 | $6,420 |
| April 2025 | $6,500 |
| May 2025 | $6,490 |
| June 2025 | $6,500 |
| July 2025 | $6,500 |
| August 2025 | $6,442 |
| September 2025 | $6,440 |
| October 2025 | $6,410 |
| November 2025 | $6,455 |
| December 2025 | $6,418 |
| January 2026 | $6,400 |
| February 2026 | $6,250 |
| March 2026 | $6,275 |
| April 2026 | $6,250 |
| May 2026 | $6,110 |
| June 2026 | $6,400 |
| July 2026 | $6,750 |
| August 2026 | $7,200 |
| September 2026 | $7,037 |
| October 2026 | $7,000 |
| Month | Median Rent |
|---|---|
| October 2024 | $6,400 |
| November 2024 | $6,420 |
| December 2024 | $6,325 |
| January 2025 | $6,475 |
| February 2025 | $6,500 |
| March 2025 | $6,460 |
| April 2025 | $6,500 |
| May 2025 | $6,495 |
| June 2025 | $6,500 |
| July 2025 | $6,500 |
| August 2025 | $6,442 |
| September 2025 | $6,440 |
| October 2025 | $6,410 |
| November 2025 | $6,460 |
| December 2025 | $6,425 |
| January 2026 | $6,442 |
| February 2026 | $6,328 |
| March 2026 | $6,275 |
| April 2026 | $6,250 |
| May 2026 | $6,110 |
| June 2026 | $6,400 |
| July 2026 | $6,750 |
| August 2026 | $7,200 |
| September 2026 | $7,037 |
| October 2026 | $7,000 |
Affordability calculator
Can I afford to live at 550 Ocean Dr #7H?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$220,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $220,000 annually to afford this 2-bedrooms monthly rent price of $5,500.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| Bath | |||||
|---|---|---|---|---|---|
| 3 months ago | $6,990 | 4 bed | 2 bath | ||
| 4 months ago | $6,990 | 3 bed | 2 bath | ||
| 5 months ago | $6,500 | 2 bed | 2 bath | ||
| 8 months ago | $4,500 | 2 bed | 2 bath | ||
| 1 year ago | $6,500 | 2 bed | 2 bath | ||
| 2 years ago | $6,500 | 2 bed | 2 bath | ||
| 2 years ago | $5,000 | 2 bed | 2 bath | ||
| 2 years ago | $4,500 | 2 bed | 2 bath | ||
| 2 years ago | $6,500 | 2 bed | 2 bath |
Schools near 550 Ocean Dr #7H
Key Biscayne K-8 Center
150 w mcintyre st
key biscayne, FL, 33149
PK, K-8Public
A-
United Way Center for Excellence in Early Education Demonstration School
3250 sw 3rd ave
miami, FL, 33129
PKPublic
Miccosukee Indian School
mile marker 70 tamiami trail
miami, FL, 33194
K-12Public
Miami-Dade Virtual High School Franchise
1501 ne 2nd ave
miami, FL, 33132
K-12Public
B
Chapman Partnership North Early Childhood Center
1550 n miami ave
miami, FL, 33136
PKPublic
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Internet available near 550 Ocean Dr #7H
Neighborhood
Village of Key Biscayne | Key Biscayne, FL
Getting around Key Biscayne near 550 Ocean Dr #7H
Walking
5/10
Some shops and stores are within a few minutes.
Driving
7/10
This area is close to freeways and has adequate parking options.
Cycling
6/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 550 Ocean Dr #7H, Key Biscayne
Groceries
7/10
Wide variety of groceries within a short drive, including some within walking distance
Shopping
5/10
Variety of shops within a short drive
Cafes
3/10
Some cafés within a short drive
Restaurants
6/10
Variety of restaurants within a short drive
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
0/10
Closest high school further than a 30-minute walk
Parks
8/10
Large amount of park space nearby
Nightlife
4/10
Some bars within a short drive
Other units at this address
550 Ocean Dr, Key Biscayne, FL
550 Ocean Dr Key Biscayne, FL
Occupied
9F
2 Beds
2 Baths
$2,850
Air Conditioning • In-Unit Laundry • Dishwasher • Balcony • Assigned Parking
Occupied
2 Beds, 2 Baths
2 Beds
2 Baths
$2,950
In-Unit Laundry • Dishwasher
Occupied
2 Beds, 2 Baths
2 Beds
2 Baths
$5,000
Walk-In Closets
Occupied
5D
4 Beds
2 Baths
$6,990
Hardwood Floor • Air Conditioning • In-Unit Laundry • Dishwasher • Assigned Parking
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