1,325 Sq. Ft.
$486 / Sq. Ft.
1,325
Sq. Ft.
$486
per Sq. Ft.

Description

Great 2/2 condo across from Beach in a quiet boutique building. Spacious and luminous with hurricane-proof windows and a large enclosed balcony, for additional SF from Tax Roll. Tenant occupied till April 1st. Unit has many upgrades in the kitchen. Seller has paid special assessments in full getting ready for 50-year re-certification. Easy to show!Great 2/2 condo across from Beach in a quiet boutique building. Spacious and luminous with hurricane-proof windows and a large enclosed balcony, for additional SF from Tax Roll. Tenant occupied till April 1st. Unit has many upgrades in the kitchen. Seller has paid special assessments in full getting ready for 50-year re-certification. Easy to show!
  1. Listed by Corinne Dodd • Cervera Real Estate Inc.

Property Details for 550 Ocean Drive, Unit 5C

Subdivision
GALEN BREAKERS CONDO
Complex Name
GALEN BREAKERS CONDO
Style
Condo 5+ Stories
Waterfront
No
View
Garden View, Other View
Unit View
Garden View, Other View
Furnished
Unfurnished
Area
52
LISTING UPDATED: 04/19/2023 02:27 PM

Property Details for 550 Ocean Drive, Unit 5C

StatusClosed
MLS #A11356200
Days on Market11
Taxes$7,229 / year
HOA Fees$945 / month
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeCondo/Co-Op/Villa/Townhouse / Condo
Year Built1969
CountyMiami-Dade County

Building

Galen Breakers

9 StoriesBuilt in 1969

Location

Listing Courtesy of Cervera Real Estate Inc.

Sold By The Keyes Company

Add your commute

Building Information for 550 Ocean Drive, Unit 5C

Building/ComplexGalen BreakersFloor5Stories9Residences-Pet Policy-Pet Policy Details-Year Built1969

Payment Calculator

$4,686 per month

30 year fixed, 6.15% Interest

Principal and Interest

$3,139

Property Taxes

$602

HOA Dues

$945

The Payment Calculator is for illustrative purposes only.

Property Information for 550 Ocean Drive, Unit 5C

Location Information
Location Information
  • Parcel Number Free Text: 24-52-05-031-0270
  • Parcel Number MLX: 0270
  • MLS Area: 52
  • Municipal Code: 24
  • Township Range: 52
  • Section: 5
  • Subdivision Number: 31
  • Subdivision Complex Bldg: GALEN BREAKERS CONDO
  • Unit Floor Location: 5
  • Total Floors In Building: 9
General Information
Parking
  • Num Garage Spaces: 1
  • Parking Description: Assigned Parking, Covered Parking, Guest Parking
General Information
  • Front Exposure: North East
  • Housing Older Persons Act: No HOPA
  • Property Detached: No
  • Minimum Num of Days for Lease: 90
  • Num Times Leased Year: 4
  • Unit Design: High Rise, Lobby
  • Construction: Concrete Block Construction
  • Construction Type: Concrete Block Construction
  • Flooring: Ceramic Floor
  • Floor Description: Ceramic Floor
  • Directions: HEAD STRAIGHT TOWARDS BEACH ON OCEAN DRIVE ACROSS THE BEACH ENTRANCE.
  • Security Information: Intercom In Lobby, Lobby Secured
Room Information
Room Information
  • Bedroom Description: Entry Level
Additional Property Information
Utilities
  • Heating Description: Central Heat
  • Cooling Description: Central Cooling
  • Cable Available: Yes
Additional Property Information
  • Pets Allowed: Yes
  • Pets Allowed: Yes
  • Pet Restrictions: Restrictions Or Possible Restrictions
  • Guest Accommodations: No
  • Room Count: 0
  • Furnished: Unfurnished
  • Interior Features: First Floor Entry, Other Interior Features
  • Equipment Appliances: Dishwasher, Microwave, Electric Range
  • Windows Treatment: Impact Glass
  • Exterior Features: Open Balcony
  • Maintenance Includes: Insurance, Other Maintenance Includes, Water
  • Amenities: Common Laundry, Community Room, Elevator, Extra Storage, Pool
Financial Information
Financial Information
  • Total Mortgage: $287,000
  • Assoc Fee Paid Per: Monthly
  • Flood Zone: AE
  • Tax Year: 2022
  • Tax Information: Tax Reflects City & County Tax
  • Special Information: As Is
Rental Information
Furnished / Unfurnished
  • Furnished Info Sold: Unfurnished
Rent Information
  • Approval Information: 1-2 Weeks Approval
Rent Status
  • Other Fees: $75

Property History for 550 Ocean Drive, Unit 5C

DateEvent & SourcePriceAppreciation
Apr 17, 2023

Sold

MiamiRE #A11356200

$644,000
Apr 14, 2023

Sold (Public Record)

Public Record #1510107960

$644,000

+3.3% / yr

Mar 24, 2023

Pending

MiamiRE #A11356200

Mar 24, 2023

Backup Contract

MiamiRE #A11356200

Mar 13, 2023

Listed (Active)

MiamiRE #A11356200

$637,000
Nov 19, 2020

Expired

MiamiRE #A10862608

Jun 11, 2020

Price Change

MiamiRE #A10862608

$499,000
May 20, 2020

Listed (Active)

MiamiRE #A10862608

$534,000
Jul 10, 2009

Sold (Public Record)

Public Record #271913463

$410,000
Jul 7, 2009

Sold

MiamiRE #M1205389

$410,000
May 8, 2009

Pending

MiamiRE #M1205389

Jan 18, 2008

Listed (Active)

MiamiRE #M1205389

$599,000
DateEvent & SourcePrice
04/17/2023

Sold

MiamiRE #A11356200

$644,000
04/14/2023

Sold (Public Record)

Public Record #1510107960

$644,000

+3.3% / yr

03/24/2023

Pending

MiamiRE #A11356200

03/24/2023

Backup Contract

MiamiRE #A11356200

03/13/2023

Listed (Active)

MiamiRE #A11356200

$637,000
11/19/2020

Expired

MiamiRE #A10862608

06/11/2020

Price Change

MiamiRE #A10862608

$499,000
05/20/2020

Listed (Active)

MiamiRE #A10862608

$534,000
07/10/2009

Sold (Public Record)

Public Record #271913463

$410,000
07/07/2009

Sold

MiamiRE #M1205389

$410,000
05/08/2009

Pending

MiamiRE #M1205389

01/18/2008

Listed (Active)

MiamiRE #M1205389

$599,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 550 Ocean Drive, Unit 5C

Taxable ValueLand-Additions-Total-
Tax Record2024$8,601 ($717 / month)
Home Facts
Beds2Total Finished SqFt1,325 SqFtAbove Grade Finished SqFt1,325 SqFtStyleCondominiumYear Built1969Zoning4900:MULTI-FACountyMIAMI-DADEAPN24-5205-031-0270

Schools near 550 Ocean Drive, Unit 5C

This home is within Miami-Dade County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - PK to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Key Biscayne K-8 Center
PublicPK to 8

Ponce De Leon Middle School
Public6 to 8

Robert Morgan Voc-Tech Institute
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Cervera Real Estate Inc.

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.