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+35 photosLuxury estate — 103 Reef Lane · Oceana Key Biscayne Condo · Key Biscayne
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Open property magazine$10,700,000
103 Reef Lane, Key Biscayne, FL 33149
Key Biscayne, FL, 33149
7 bd · 6 ba · 4,997 sqft
Listed by One Sotheby's International Realty
103 Reef Lane, Key Biscayne, FL 33149
Listed by One Sotheby's International Realty
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Estimated monthly payment
$78,207/mo
Know your costs before you buy
Work through three numbers: your estimated monthly payment, the cash needed at closing, and insurance & flood.
Estimated monthly payment $78,207/mo · principal, interest, taxes, insurance and HOA. Verify before you buy.
Cash to close includes the down payment, lender and title costs, taxes, insurance prepayments and escrow deposits. Editable estimate only.
Insurance and flood: AE · verify insurance quotes before buying.
About this home
Find similar homesExperience the best of Key Biscayne living at Villa 103, a beautifully designed 7-bedroom, 5.5-bath residence offering 4,997 SF of living space within the exclusive Oceana beachfront community. Combining the privacy and comfort of a single-family home with the convenience of resort-style living. This exceptional villa features high ceilings, a beautifully redesigned living room, a separate family room or office, formal and casual dining areas, and a contemporary kitchen. Thoughtful upgrades throughout the residence include custom millwork, upgraded interior doors, built-ins, carefully designed lighting, and much more creating a sophisticated yet welcoming atmosphere. Expansive outdoor terraces, a private pool, and a dedicated BBQ area surrounded by lush tropical landscaping create the perfect setting for entertaining or simply enjoying Miami's year-round sunshine. Just moments from your front door, enjoy direct beach access with dedicated service, resort-style pools, a state-of-the-art fitness center and spa, a tennis court, a private restaurant, and an exceptional collection of amenities. A rare opportunity to enjoy the space and privacy of a home with the effortless lifestyle of one of the island's most desirable beachfront communities.
Property Details
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Your costs (est.)
≈ $78,207/mo
103 Reef Lane, Key Biscayne, FL 33149 · Key Biscayne
Location
103 Reef Lane, Key Biscayne, FL 33149
One home, every check
Dock & Draft Match™ brings this home's dock length, low-water depth, every bridge, the ocean run, frontage and yacht size together in one place. Estimate only, not guaranteed. Verify before you buy or sell.
What buyers ask about this home
What are the estimated monthly carrying costs at 103 Reef Lane, Key Biscayne, FL 33149?+
Property tax (after sale): $11,527/month est.; homeowners insurance: $1,442/month est.; HOA: $9,718/month. Fixed ownership costs before a mortgage: $22,687/month est. Principal and interest: $55,520/month; PMI: $0/month. Total for the payment scenario shown: $78,207/month est. Flood insurance is not included. Estimate only, not guaranteed. Verify before you buy or sell.
Will property taxes go up after I buy 103 Reef Lane, Key Biscayne, FL 33149?+
Usually yes. In Florida the assessed value resets to market value in the year after a sale, so the seller's current tax bill is rarely what a new owner pays. Budget roughly 1.8–2.0% of the purchase price annually until you file for homestead exemption and the Save Our Homes cap (or the 10% non-homestead cap) starts limiting increases.
Does 103 Reef Lane, Key Biscayne, FL 33149 need flood insurance, and what drives the premium?+
Most of Key Biscayne sits in a FEMA flood zone, and lenders require flood coverage in high-risk zones. Premiums are driven by elevation certificate, flood zone, roof age and shape, and whether the home has impact windows or accordion shutters. Ask for the current declarations page, the four-point inspection and wind mitigation report early — they set your real cost of ownership.
What should an inspection focus on for a home like 103 Reef Lane, Key Biscayne, FL 33149?+
In coastal South Florida, prioritize roof age and permit history, whether windows and doors are impact-rated, the seawall and dock condition on waterfront lots, drainage and elevation, plumbing type, and any open or expired permits with the city. These items, not cosmetics, drive both price and insurability.
What extra costs come with the waterfront at 103 Reef Lane, Key Biscayne, FL 33149?+
Waterfront ownership adds seawall maintenance and eventual replacement, dock and lift servicing, higher flood and wind premiums, and salt-air upkeep on exterior finishes and equipment. Confirm bridge height and water depth at low tide if you plan to keep a boat.
Is there room to negotiate on 103 Reef Lane, Key Biscayne, FL 33149?+
This listing has been on the market 1 days. Leverage comes from days on market, price history, comparable closed sales and the seller's motivation — not from a fixed percentage. I pull the full history and the true comps before we write, so the offer is built on what the property is actually worth today. Call or text (954) 562-1798 for that analysis.
Neighborhood & Commute
Located in Key Biscayne, this property offers the South Florida lifestyle — warm-weather living year-round with easy access to the Atlantic coast, A-rated schools, and major business centers.
Approximate Drive Times
Drive times are estimates based on straight-line distance at typical South Florida traffic speeds. Actual times vary with traffic and routing.
Assigned schools for this address
Ponce de Leon Middle
Middle school
Coral Gables Senior High
High school
Zone boundaries published by Miami-Dade County Public Schools.
Other options for this address
Key Biscayne Presbyterian School
Elementary · Private · Christian · Grades PK–K · Key Biscayne
School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.
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Simon Gedz
Realtor® since 1995
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$10,700,000 · MLS A12123404
$10,700,000
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