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$850,000
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Property Description
Amazing luxurious condo on 8th floor offering panoramic island, city, bay & ocean views. Immaculate 2/2 convertible, fully furnished. Situated across the street with private access to white sandy beaches adjacent to the Ritz-Carlton where Galen Breaker residents may enjoy an elevated tropical lifestyle. Completely renovated with marble flooring throughout the unit. Kitchen fully equipped. Porcelain countertops in kitchen and bathroom vanities. Walk-in closets in master suite. Charming boutique building with remodeled lobby, social room, pool & barbeque areas on the ground level. Walking distance to parks, community center, cafes, restaurants, and island shops. Unit is move-in ready.
Full Property Details
Full Property Details for 550 Ocean Dr #8B
General
- Price: $850,000
- HOA FEE: $1,413/month
- Taxes: $9,285 (2025)
- Status: Active
- Type: Condo
- Source: Greater_Miami
- MLS ID: A11959898
- Updated: 2/5/2026
- Added to Site: 16 day(s) ago
Interior
- Interior Features: Lobby, Fire Sprinklers, Other, Den/Library/Office, Recreation Room, Storage
- Appliances: Dishwasher, Disposal, Microwave, Other Equipment/Appliances, Electric Range, Refrigerator, Wall Oven
- Furnishings: Furnished, Furniture Negotiable
- Flooring: Other
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
- Bedroom Features: Entry Level, Sitting Area - Primary Bedroom
Other Rooms
- Living Room: Den/Library/Office, Recrea Sq. Ft.
- Dining Room: Dining/Living Room
- Laundry: Common Area
Additional Information
- Shared Amenities: Barbecue, Bike/Jog Path, Clubhouse-Clubroom, Laundry, Community Room, Elevator(s), Storage, Kitchen Facilities, Pool, Trash Chute
- Maint. Includes: All Amenities, Cable Tv, Common Area, Elevator, Hot Water, Insurance, Landscaping/Lawn Maintenance, Laundry Facilities, Legal/Accounting, Manager
- Security/Safety: Fire Sprinklers, Smoke Detector, Elevator Secure, Intercom In Lobby, Other
- Equipment: Intercom
Exterior
- Exterior Features: East Of Us1, Open Balcony
- Deck/Patio: Open Balcony
Parking
- Garage: Yes
- Garage Spaces: 1
- Covered Spaces: 1
- Parking Features: 1 Space, Assigned, Guest
Location
- Area: Galen Breakers Condominiu
- County: Miami-Dade County
- Subdivision: GALEN BREAKERS CONDOMINIU, GALEN BREAKERS CONDO
- Building Name: GALEN BREAKERS CONDOMINIU
- Direction Faces: Northeast
School Information
- Elementary School: Keybiscayne
- Middle School: Ponce De Leon
- High School: Coral Gables
Community
- Community Name: Galen Breakers Condominiu
- Association: Yes
- Units Assoc/Comm: 64
- Pets Allowed: Yes
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric
- Heating Type: Central, Electric
Structural Information
- Structure Type: Condo 5+ Stories, Condo
- Detached/Attached: Attached
- Construction: CBS Construction
- Windows: Clear Impact Glass, Complete Impact Glass, High Impact Windows, Impact Glass
- Doors: High Impact Doors
- Entry Floor Number: 8
- Square Feet: 1,325
- Living Area: 1,325 Sq. Ft.
- Year Built: 1969
- Property Condition: Updated/Remodeled
Unit Information
- Units in Complex: 64
Lot Features
- Property View: Other View
- Frontage: Bay
Water Features
- Water Front: Yes
Financial Considerations
- Price Per Sq. Ft.: $641.51
- Association Fee: $1,413
- Assoc Fee Freq.: Monthly
- Tax Amount: $9,285
- Tax Year: 2025
- Terms: All Cash, Conventional
Disclosures and Reports
- Legal Description: GALEN BREAKERS CONDOMINIUM UNIT 8-B EIGHTH FLOOR UNDIV 1.70687% INT IN COMMON ELEMENTS CLERKS FILE 69R-28066 OR 17718-4789 0697 1
- Restrictions: Other Restrictions
- Property ID: 24-52-05-031-0500
Listed by Fortune International Realty
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Schools
Schools serving 550 Ocean Dr #8B
School District:Dade County School District
| Name | Grades | Distance |
|---|---|---|
Key Biscayne K-8 Center 150 West McIntyre Street, Key Biscayne, FL 33149 | PK-5 | 0.5 mi |
Ponce De Leon Middle School 5801 Augusto Street, Coral Gables, FL 33146 | 6-8 | 7.2 mi |
Coral Gables Senior High School 450 Bird Road, Coral Gables, FL 33146 | 9-12 | 7.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 550 Ocean Dr #8B
Date
Details
Price
Change
Source
2/05/2026
Listed
$850,000
325%
MLS
7/18/1997
Sold
$200,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 550 Ocean Dr #8B
Year
Property Taxes
Change
Tax Assessment
Change
2024
$8,736
160%
$552,324
126%
2023
$3,359
—
$244,257
6%
2021
$3,344
—
$230,236
-3%
2022
$3,341
—
$237,143
4%
2021
$3,344
11%
$227,058
2%
2019
$3,025
6%
$221,954
2%
2018
$2,856
2%
$217,816
2%
2017
$2,813
—
$213,336
2%
2016
$2,811
-1%
$208,949
1%
2015
$2,852
-1%
$207,497
1%
2014
$2,895
2%
$205,851
1%
2013
$2,831
—
$202,809
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 550 Ocean Dr #8B
550 Ocean Dr #8B, Key Biscayne, FL 33149 (MLS# A11959898) is a Condo property with 2 bedrooms and 2 full bathrooms. 550 Ocean Dr #8B is currently listed for $850,000 and was received on February 05, 2026. Want to learn more about 550 Ocean Dr #8B? Do you have questions about finding other Condo real estate for sale in Key Biscayne? You can browse all Key Biscayne real estate or contact a Coldwell Banker agent to request more information.

