8 photos
550 Ocean Dr #7H
Key Biscayne, FL 33149
Listing courtesy of E Realty International, Inc. (Elena Freyre). Contact: [email protected].
Rare corner residence at 550 Ocean Drive! Beautifully remodeled 2bd/2ba, 1,450 SF with wraparound balcony. Bright open floor plan, updated throughout. Prime Key Biscayne — minutes to the beach, Village Green, top-rated schools, dining and shopping. Available Dec 15 or sooner. $5,500/mo.
- FEMA flood zone
- Zone AE, special flood hazard area
- Base flood elevation
- 9 ft (NGVD29)
- Ground elevation
- 3.4 ft
- Hurricane evacuation zone
- Zone A
- Distance to the coast
- 0.2 mi
- NFIP flood policies nearby
- $690 to $1,720 a year
Inside the 1% annual chance floodplain. Lenders require flood insurance on a financed home; ask for the elevation certificate.
Bare ground at the point (USGS 3DEP, NAVD88), not the finished floor.
Zone A: first to evacuate, ordered for tropical storms and every hurricane category.
Straight line to the nearest salt-water shoreline (ocean, bay or lagoon).
Middle half of 210 NFIP condo unit policies in ZIP 33149, A zones, policies effective 2025-10-02 to 2026-10-02. What owners paid, not a quote for this home.
Sources: FEMA National Flood Hazard Layer (panel 12086C0483L, effective 2009-09-11), USGS 3DEP, Florida Division of Emergency Management, OpenStreetMap coastline, FEMA OpenFEMA NFIP policies. Checked 2026-10-02. Wind and homeowners premiums are not shown: no public source publishes them at this level, and they vary with roof age, construction and the carrier. Public map data looked up at this location, not a survey or an insurance quote. Confirm with an elevation certificate, the county and your insurer. FEMA flood map
Galen Breakers was built in 1969, according to the county property appraiser.
If it has three or more habitable stories, Florida law (s. 553.899, F.S.) requires a milestone structural inspection by December 31 of the year it reaches 30 years of age, then every 10 years; for a building of this age the first one was due by December 31, 2024. A local building official may require it at 25 years near salt water.
Condominium buildings of three or more stories also need a structural integrity reserve study (s. 718.112(2)(g), F.S.) at least every 10 years; associations formed on or before July 1, 2022 had to complete one by December 31, 2025.
Dates follow from the statutes and the year the county appraiser lists for the building, not from the association's records. Ask the association for its milestone inspection report, its most recent structural integrity reserve study and any approved or proposed special assessments, and review them before you buy.
Listing data provided by the Southeast Florida Multiple Listing Service (MIAMI REALTORS®). The data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by the MLS. Atlantic Luxury Advisors is a real estate team at Keller Williams Realty. Payment, tax and flood figures on this page are estimates by Atlantic Luxury Advisors, not MLS data.