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.
Galen Breakers is a boutique building that has been recently remodeled to feature a modern and chic aesthetic. The property is situated in a prime location across from beach access, the Ritz-Carlton, and The Beach Club. The building is described as well-managed and well-run.
Common areas include a remodeled lobby, a heated pool, a barbecue area, and a party room. The building is within walking distance of local parks, a community center, cafes, restaurants, and various shops.
Getting around
Key Biscayne is a walkable urban neighborhood. Transit, parks, dining and landmarks within reach:
A data-grounded score for Galen Breakers from live market data — value, momentum, liquidity, building health, waterfront and age. Computed, not opinion.
Inventory
Sold $/sqft trend
3-month rolling median of closed sales in Galen Breakers; bars are closings per month.
Location
Nearby buildings within half a mile.
Building facts
- Address
- 550 Ocean Dr
- Year built
- 1969
- Floors
- 9
- Residences
- 64
- Waterfront
- No
Amenities
- · Heated pool
- · BBQ area
- · Party room
- · Bike storage
Building rules
- Parking
- The building includes covered parking spaces located in front of the building.
Special assessments & recertification outlook
ElevatedPublic records checked Oct 28, 2026: no liens, lawsuits or regulatory complaints found for the association.
Verified records
- PositiveBank financingOct 31, 2026
Regulated lenders recorded 3 purchase or refinance loans on this building in the last 12 months, financing 50% of its recorded sales, and accepted a down payment as low as 20%. A bank writing a condominium loan has just checked the building's reserves, insurance, litigation and owner-occupancy against its own standards — verified due diligence, read from the public record. Financeability Index 68/100.
Source: Miami-Dade Clerk official records
- Built 1969 — past its first structural milestone; next inspection around 2034
Estimated from Galen Breakers’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 Galen Breakers: recorded purchase mortgages, the down payments they accepted, and the programmes in use.
Regulated lenders are writing purchase loans here at ordinary down payments — their due diligence on reserves, insurance and litigation, verified by the public record.
- Mortgages recorded, 12 months
- 3
- 3 from banks and credit unions · purchases and refinances
- Sales bank-financed
- 50%
- 4 recorded sales, 12 months · Resales only
- Average down payment
- 23.5%
- Lowest down payment accepted
- 20%
Medium confidence · As of 2026-10-31
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
- 2.3 ft
- Highest predicted tide, 2026
- 1.0 ft
Elevations in feet above the NAVD88 datum.
The lowest street next to this building sits 1.3 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.
Legal & Regulatory
No material litigation foundCivil court cases involving the condominium association, classified by what they are about. Routine collections against individual owners are counted separately and do not affect the building’s standing.
- Active material lawsuits
- 0
- Owner / association disputes
- 0
- Routine collection cases
- 0
- DBPR complaints
- 0
- Open DBPR complaints
- 0
No civil cases involving the association were found on the Miami-Dade docket in the last five years.
DBPR registration PR1S018316 · Approved,Recorded. Public complaints on record with the Florida Division of Condominiums; investigations are confidential and not counted.
Court records are matched to the association by name and summarized by us; a case is a claim, not a finding. Ask the association for its litigation disclosure before buying.
Frequently asked
When was Galen Breakers built?+
Galen Breakers was built in 1969, 9 stories, 64 residences.
We track every listing here, every day. Get the next one before it hits the portals — and a straight answer from someone who knows the building.
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