Own Key Biscayne

Bahia Mar

650 Ocean Dr · Built 1983 · 12 floors · 40 residences

Recently sold (1)
For sale
0
0 pending
Sold, 12 months
1
1 recorded sale
Last sale
$995K
Dec 29, 2025
Last sale, per sqft
$655/sqft
$655/sqft sold, 12 mo
Bahia Mar
Listing photo · courtesy of Coldwell Banker Realty · MLS #A11896460
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1 sold in the last 12 months. Get an email the moment a unit lists here — and our team will reach out so you can move first.

Off-market and pocket listings never hit the portals. Ask us — we know who is thinking of selling.

Bahia Mar is a boutique condominium building located on Key Biscayne. The building features a layout with only three units per floor and offers views of the water, including the ocean and bay.

The building provides a variety of shared amenities, including a heated pool with a pool deck, a fitness center, a clubhouse room, and a BBQ area. The lobby includes a sitting area, and the building provides bike storage.

Getting around

Key Biscayne is a walkable urban neighborhood. Transit, parks, dining and landmarks within reach:

Crandon ParkBill Baggs Cape Florida State ParkRickenbacker CausewayCrandon Park MarinaKey Biscayne Village GreenMiami Seaquarium
71
/ 100
A−
own.miami Score

A data-grounded score for Bahia Mar from live market data — value, momentum, liquidity, building health, waterfront and age. Computed, not opinion.

Value88
$655/sqft — vs. Key Biscayne condos, then all of Miami
Momentum50
Recent price trend
Liquidity94
0.0 months of supply
Health72
1 verified record: DBPR complaints
Waterfront55
Not waterfront
Age35
Built 1983 — vs. Key Biscayne buildings
own.miami Condo Index
125Above market100 = the median Miami condo building's price per sq ft; 200 = twice it.
Rank
#225 of 698 tracked Miami condos
Top 32% by price per sq ft
#32 of 45 in Key Biscayne
Momentum
→ Steady
$655/sqft median ask
Liquidity
Warm
See the full Condo Index →

Inventory

Sold $/sqft trend

3-month rolling median of closed sales in Bahia Mar; bars are closings per month.

$619$646$672Dec 2023Oct 2025Dec 2025

Location

Nearby buildings within half a mile.

Building facts

Address
650 Ocean Dr
Year built
1983
Floors
12
Residences
40
Developer
S.L.C. Condominium LTD.
Waterfront
No

Amenities

  • · Pool
  • · Pool deck
  • · Fitness center
  • · Lobby
  • · Clubhouse room
  • · BBQ area
  • · Bike storage

Building rules

Parking
The building offers assigned and secured parking spaces.

Special assessments & recertification outlook

Elevated

Public records checked Oct 31, 2026 (Miami-Dade Clerk, civil docket, Florida DBPR).

Verified records

  • WatchDBPR complaintsJun 4, 2018

    Florida DBPR Division of Condominiums public complaint record for association licence MA00005276: 1 complaint in the last 36 months (1 open, 0 with discipline, 0 closed with a letter). A complaint is an allegation; only dispositions are findings. Investigations are confidential and not counted.

    Source: health.src.dbpr

  • Verified: open or disciplined DBPR complaints against the association
  • Built 1983 — a recurring structural milestone inspection is due around 2028

Estimated from Bahia Mar’s age and signals in active listings — not an official inspection or reserve report. Always verify the building’s milestone-inspection status and reserves with the association before buying.

Financeability

What the banks say about Bahia Mar: recorded purchase mortgages, the down payments they accepted, and the programmes in use.

Not enough recorded loans

No bank mortgages recorded here in the last two years. That is not a verdict on the building — many condos trade for cash — only the absence of a signal.

Source: Miami-Dade County official records and the FHA/VA approval lists. Aggregates only; individual instruments are never shown. Compare with Key Biscayne

Flooding and storm surge

Public flood data at this building’s location, read Oct 22, 2026.

FEMA flood zone
Zone AE: high-risk area. FEMA maps a 1% yearly chance of flooding here.
Base flood elevation on the map: 9.0 ft (NGVD29).
Hurricane evacuation zone
Zone A
Miami-Dade storm surge planning zones run from A (called first) to E. The county decides which zones evacuate in a storm.
Ground at the building
3.4 ft
Lowest nearby street
2.4 ft
Highest predicted tide, 2026
1.0 ft

Elevations in feet above the NAVD88 datum.

The lowest street next to this building sits 1.4 ft above this year’s highest predicted tide (Oct 27, 2026).

Estimated from public data, not a flood determination. Check the FEMA flood map and an elevation certificate for this building.

How we measure thisCompare neighborhoods

Frequently asked

When was Bahia Mar built?+

Bahia Mar was built in 1983, 12 stories, 40 residences.

Who developed Bahia Mar?+

Bahia Mar was developed by S.L.C. Condominium LTD..

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