Commodore Club Realtor | Penthouse Sale & Key Biscayne Market Insights

I am thrilled to announce the successful sale of a remarkable penthouse unit in the esteemed Commodore Club East, located at 177 Ocean Lane Dr #1206, Key Biscayne, FL 33149. This exquisite 2-bedroom, 2-bathroom residence, listed at $1,395,000, was sold for $1,320,000 on February 3, 2025. The swift sale of this property underscores its exceptional appeal and the enduring allure of the Commodore Club community.

Perched on the 12th floor, this north-facing penthouse offers residents breathtaking panoramic vistas. From the expansive windows, one can admire the dynamic Miami skyline, the vast Atlantic Ocean, the lush landscapes of Crandon Park, and the pristine beaches of Key Biscayne. The open kitchen design, adorned with sleek white cabinetry and countertops, seamlessly integrates with the living area, creating a modern and inviting space ideal for both relaxation and entertaining.

The Commodore Club is a distinguished oceanfront condominium complex comprising three individual towers: Commodore Club East, West, and South. Each building offers its residents a unique blend of luxury, comfort, and unparalleled access to the island’s natural beauty.

• Commodore Club East: Established in 1971, this 12-story tower houses 186 luxury residences ranging from 1 to 4 bedrooms. It boasts the closest proximity to the beach among the three towers, providing residents with direct access to the Atlantic shoreline. The building is known for its well-maintained amenities and an active community atmosphere.
• Commodore Club West: Completed in 1973, this 12-story building features 187 residences. Situated just south of Crandon Park, it offers residents stunning ocean views and immediate beach access. Commodore Club West is particularly popular among buyers looking for a mix of tranquility and convenience, with easy access to local shopping and dining.
• Commodore Club South: Finalized in 1974, this tower comprises 181 residences over 12 stories. Bordered to the north by Crandon Park and to the east by the Atlantic Ocean, it provides residents with direct ocean access and a serene living environment. This tower is sought after for its well-kept grounds and a strong sense of community among its residents.

The three towers share a common standard of excellence, each offering a range of amenities and layouts that appeal to different buyer profiles. Whether you seek a beachfront retreat or a primary residence, Commodore Club has an option to suit your lifestyle.

The sale of this penthouse is a testament to the strong demand for premium real estate in Key Biscayne. Over the past year, property values in the area have remained robust, with oceanfront condos continuing to attract buyers from both domestic and international markets.

• Average Days on Market: The average days on market (DOM) for condos in Key Biscayne has hovered around 60-90 days, demonstrating a steady pace of sales. However, prime properties like this penthouse often sell faster due to their unique features and desirable locations.
• Price Trends: The average price per square foot for luxury condominiums in Key Biscayne has seen a steady appreciation, currently ranging from $800 to $1,200 per square foot, depending on the building, unit condition, and views. This penthouse, with its direct ocean views and modern design, commanded a competitive price within this range.
• Buyer Demographics: The market remains strong among buyers from the Northeast U.S., South America, and Europe, many of whom are seeking second homes or investment properties. Key Biscayne’s reputation for security, exclusivity, and beachfront living continues to make it a top choice for affluent buyers.
• Investment Potential: Given the limited inventory of high-floor penthouses with unobstructed views, properties like this one tend to appreciate in value over time. The Commodore Club, in particular, benefits from its established reputation and prime location, making it a solid investment opportunity.

Residents of the Commodore Club East enjoy a suite of exclusive amenities designed to enhance their lifestyle:

• Swimming Pool: A sparkling pool perfect for leisurely swims and relaxation.
• Tennis Courts: Well-maintained courts for both casual and competitive play.
• Lush Green Spaces: Beautifully landscaped areas that provide a tranquil setting for residents.
• Direct Beach Access: Unparalleled convenience to the pristine sands of Key Biscayne.

Living in the Commodore Club is more than just homeownership; it’s an experience defined by tranquility, luxury, and natural beauty. Mornings begin with breathtaking sunrises over the Atlantic, while afternoons invite leisurely strolls along the beach or a refreshing swim in the ocean.

For those who enjoy an active lifestyle, the community’s private tennis courts, nearby biking trails, and proximity to Crandon Golf Course provide endless recreational opportunities. The island itself offers a variety of upscale dining options, boutique shopping, and cultural attractions, all within minutes of your doorstep.

Evenings at the Commodore Club are equally enchanting. Whether enjoying a glass of wine on your private balcony or taking in the Miami skyline illuminated against the night sky, life here is a seamless blend of relaxation and sophistication.

As a dedicated real estate professional specializing in the Commodore Club, I have an in-depth understanding of the unique attributes and offerings of each building within this esteemed community. Whether you’re considering buying, selling, or seeking insights into the Commodore Club’s lifestyle, I am here to provide expert guidance tailored to your needs.

The successful sale of this penthouse unit not only highlights the property’s exceptional qualities but also reflects the enduring desirability of the Commodore Club. I am honored to have facilitated this transaction and look forward to assisting future clients in discovering their ideal homes within this remarkable community.