Own Key Biscayne

Ocean Club – Lake Villa One

721 Crandon Blvd · Built 2002 · 6 floors · 9 residences

Recently sold (4)
For sale
0
0 pending
Sold, 12 months
2
4 recorded sales
Last sale
$2.6M
Jun 5, 2026
Last sale, per sqft
$1,041/sqft
$998/sqft sold, 12 mo
Ocean Club – Lake Villa One
Listing photo · courtesy of Soppros Realty · MLS #A11913965
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Located in the prestigious Ocean Club in Key Biscayne, Lake Villa One offers a resort-style atmosphere. The building is situated in a setting surrounded by palm trees and provides residents with views of the lake.

The Ocean Club provides a wide range of amenities, including multiple pools, a fitness center, a spa, and a beach club. Residents have access to a tennis club with lighted courts, paddle courts, basketball facilities, and a beauty salon. The community also features on-site dining options, including gourmet restaurants and a beach bar and grill, along with direct beach access.

Part of the Ocean Club – Lake Villa One complex

Sister towers that share the same development, address and often amenities — compare availability across the complex.

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
75
/ 100
A−
own.miami Score

A data-grounded score for Ocean Club – Lake Villa One from live market data — value, momentum, liquidity, building health, waterfront and age. Computed, not opinion.

Value78
$998/sqft — vs. Key Biscayne condos, then all of Miami
Momentum73
+9.1% $/sqft over 6 months
Liquidity94
0.0 months of supply
Health57
Public records checked — no liens, lawsuits or complaints on file
Waterfront90
Waterfront building
Age66
Built 2002 — vs. Key Biscayne buildings
own.miami Condo Index
143Above market100 = the median Miami condo building's price per sq ft; 200 = twice it.
Rank
#155 of 698 tracked Miami condos
Top 22% by price per sq ft
#17 of 45 in Key Biscayne
Momentum
↑ Rising
$998/sqft median ask
Liquidity
Hot
See the full Condo Index →

Inventory

Sold $/sqft trend

3-month rolling median of closed sales in Ocean Club – Lake Villa One; bars are closings per month.

$924$998$1073Sep 2023Apr 2024Feb 2025Jul 2025Feb 2026Jun 2026

Location

Nearby buildings within half a mile.

Building facts

Address
721 Crandon Blvd
Year built
2002
Floors
6
Residences
9
Waterfront
Yes
67
B+ · Developer Score

Amenities

  • · Beach bar & grill
  • · Gourmet restaurants
  • · Fitness center
  • · Spa
  • · Beauty salon
  • · Youth center
  • · Adult-only pool
  • · Family pool
  • · Tennis courts
  • · Beach access
  • · Paddle courts
  • · Basketball facilities
  • · 24-hour security

Building rules

Parking
The building offers covered parking spaces and additional garage storage.

Special assessments & recertification outlook

Watch

Public records checked Oct 30, 2026 (Miami-Dade Clerk, civil docket, Florida DBPR).

  • Built 2002 — its first 25-year structural milestone inspection is due around 2027

Estimated from Ocean Club – Lake Villa One’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 Ocean Club – Lake Villa One: recorded purchase mortgages, the down payments they accepted, and the programmes in use.

43Limited financing
Mortgages recorded, 12 months
5
3 from banks and credit unions · purchases and refinances
Sales bank-financed
40%
5 recorded sales, 12 months · Resales only
Average down payment
57.5%
Lowest down payment accepted
47%
Loan programmes, 24 months:Conventional 2Private lenders 2Other 1

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
6.7 ft
Lowest nearby street
3.7 ft
Highest predicted tide, 2026
1.0 ft

Elevations in feet above the NAVD88 datum.

The lowest street next to this building sits 2.7 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

Is Ocean Club – Lake Villa One a waterfront building?+

Yes — Ocean Club – Lake Villa One is a waterfront building (Key Biscayne).

When was Ocean Club – Lake Villa One built?+

Ocean Club – Lake Villa One was built in 2002, 6 stories, 9 residences.

Who developed Ocean Club – Lake Villa One?+

Ocean Club – Lake Villa One was developed by Ocean Club Development Company. Ocean Club Development Company's own.miami Developer Score is B+ across 11 buildings.

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