Lake Villa One
725 Crandon Boulevard, Key Biscayne, FL 33149
Folio 2452050670001
- Year built
- 2002
- Residences
- 38
- Building area
- 95,831 sq ft
- Median residence
- 2,497 sq ft
- FEMA flood zone
- Zone AE · BFE 9 ft
- Latest arms-length sale
- $2,500,000 · Jul 2026
- Median sale (10 yr)
- $1,810,000
- Recorded transfers
- 125
Lake Villa One is a 38-residence condominium building at 725 Crandon Boulevard, on Key Biscayne. County records list 2002 as the year built. It has a median residence of 2,497 square feet.
The recorded market runs to 98 arms-length sales since 2002, an annual turnover rate of 6.6 percent of the building over the past decade, and a median of $327 per square foot. Across 55 same-unit resales, 95 percent sold above their prior recorded price, with a median gain of 70 percent over a median hold of 5.7 years. The 11 sales since 2023 carry a median of $972 per square foot, against a record that opens in 2002 and spans several market cycles.
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646.939.7375 · c.cohen@compass.com
At a glance
Common name: Lake Villa One, Ocean Club. It is one of 11 buildings in the Ocean Club and one of three lake villas; this page covers this building only.
Building type: Mid-rise condominium of three- and four-bedroom residences
Developer: Ocean Club Development Company, developer of the Ocean Club community
Architect: Sieger Suarez Architectural Partnership, architect of the Ocean Club community
Floors: Six
Unit sizes: About 2,170 to 2,780 square feet in the floor plans on file, mostly three bedrooms, with some plans carrying a den
Amenities in the building: Heated pool, spa and sauna, clubroom, exercise room, tennis, basketball, child play area, bike storage, covered assigned parking
Ocean Club community: Beach club, tennis and padel, pools and a beachside bar and grill; access terms are in the master association documents
Policies: Pet, leasing and resale rules are set by the association; confirm at offer stage.
Source: The Roebling Research Desk.
Why Lake Villa One matters
It has 38 homes with floor plans of roughly 2,170 to 2,780 square feet, nearly all three bedrooms.
One recorded sale, April 2026, at $2,800,000. It is one sale, not a building price.
Key Biscayne and the Ocean Club
Key Biscayne is a barrier island village south of Miami Beach, reached from the mainland by the Rickenbacker Causeway across Virginia Key. Crandon Boulevard is the main road. Crandon Park and its public beach are at the north end of the island and Bill Baggs Cape Florida State Park, with its lighthouse, is at the south end. Brickell and Downtown Miami are 15 to 20 minutes away by car without traffic.
The Ocean Club is a gated community of more than 50 acres on the Atlantic side of Crandon Boulevard, with two controlled entries, roughly 1,000 feet of beach and classic Mediterranean-style architecture by Sieger Suarez. It has 11 buildings and roughly 800 homes: three lake villas (Lake Villa One, Two and Three, at 721 to 749 Crandon), two resort villas (Resort Villa One and Two, at 701 to 719 Crandon), Lake Tower (765), three club towers (Club Tower Three, Two and One, at 781, 785 and 789) and two ocean towers (Ocean Tower Two at 791 and Ocean Tower One at 799). Each building is its own condominium, so budgets, reserves and rules differ by building. The name "Ocean Club" is often used without naming the building, so confirm the address and the declaration name on any contract.
Lake Villa One is on the lake side of the community rather than on the ocean. The Ocean Club is arranged around a private lake of about five acres, so views and the distance to the beach differ from the Ocean Tower pages. Its neighbors are Lake Villa Two (735 Crandon) and Lake Tower (765).
Outside the gates, Crandon Boulevard has the village center and Village Green, Crandon Park's beach and marina, the Crandon tennis center that hosted the Miami Open through 2018, and the Cape Florida lighthouse and beach at Bill Baggs. Virginia Key, with the Miami Marine Stadium and the Seaquarium, is on the causeway back to the mainland.
Architecture and unit composition
Residences are listed in numbered lines, 01 through 08, with three-bedroom, three-bath plans at about 2,170, 2,500, 2,670 and 2,780 square feet. A three-bedroom-plus-den plan of about 2,670 square feet is also on file, and some units are configured as four bedrooms. Penthouses sit on the top floor.
The style is Mediterranean, like the rest of the Ocean Club. Walk-in closets and in-unit washer and dryer are common; confirm renovation unit by unit.
Building operations
The building has covered, assigned garage parking, bike storage and a clubroom. Security, valet and concierge services are provided at the community level in the Ocean Club; ask which are paid by this association.
Residences across the Ocean Club were specified with 8-foot-8-inch ceilings, granite counters and marble primary baths; confirm for each unit. The Ocean Club has community facilities: a beach club of about 20,000 square feet with about 125 beachfront cabanas, about eight Har-Tru (clay) tennis courts and padel courts, pools, a beachside bar and grill, and a members clubhouse with spa and salon. These belong to the community, not to Lake Villa One alone. Ask whether Lake Villa One owners hold automatic access or pay membership or use fees, whether beach access is deeded, and how shared costs are split between the building and the community, and ask for the master association documents and the written club terms.
Florida's milestone inspection and structural integrity reserve study rules apply to condominium buildings of three or more stories; ask for the inspection report, the reserve study and any assessment history. Ask for the current budget and financial statements and the reserve funding. The building is in flood zone AE, so request the insurance history, the master policy terms and any wind and flood deductibles.
Policy framework
Policies, fees and applications, including pet, rental and minimum-lease rules, guest rules and any resale approval, are set by the association and should be confirmed at offer stage.
Sales context
Pricing varies with floor, view and renovation.
Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
What to know if you're buying at Lake Villa One
Confirm the building. Four street numbers, 721 to 727 Crandon Boulevard, are in use. Confirm that the unit is in this condominium and not in Lake Villa Two or another Ocean Club building.
Pin down shared facilities. Get amenity rights, club terms and dues in writing before pricing against an oceanfront tower.
Compare by plan. Use same-plan closings, not a building average.
What to know if you're selling at Lake Villa One
Document the amenity access and the renovation. Buyers will ask what the owner can use and what was done to the unit.
Comparable buildings
- Lake Villa Two, Ocean Club — the neighboring lake villa, a six-story, 36-residence building at 735 Crandon Boulevard, completed in 1996.
- Lake Tower, Ocean Club — the seven-story, 75-residence lake-side tower at 765 Crandon Boulevard, completed in 2002.
- Ocean Tower Two, Ocean Club — a 16-story, 111-residence oceanfront tower at 791 Crandon Boulevard, completed in 2001.
Compared with
- Resort Villa One, Key Biscayne
- Resort Villa Two, Key Biscayne
The neighborhood
For the full neighborhood — its buildings and recorded pricing — read The Roebling Index guide to Key Biscayne.
Run the numbers
- Miami buyer closing cost calculator — documentary stamps on the mortgage, intangible tax, title insurance and the condo estoppel.
- Miami seller closing cost calculator — the deed documentary stamp tax, title, closing and association transfer fees.
Related guides
- Post-Surfside Miami condo diligence — milestone inspections, structural integrity reserve studies and special assessments.
- Florida Save Our Homes, explained — the assessment cap, the homestead exemption and portability.
Recorded sales history
Recorded transfers for this building in Miami-Dade County public records, back to Feb 2002. Prices reflect the recorded consideration; transfers the Property Appraiser does not qualify as arms-length are shown unmarked. Nominal-consideration paper transfers (deeds into trusts and LLCs, estate and family transfers, corrective deeds) are part of the record but not sales, and are omitted from this table. Recording lags closing, so the newest sales can take several weeks to appear.
| Date | Residence | Size | Price | Arms-length |
|---|---|---|---|---|
| Jul 2026 | 303 | 2,174 sf | $2,500,000 | ✓ |
| May 2026 | 502 | 2,497 sf | $2,600,000 | ✓ |
| Apr 2026 | 401 | 2,667 sf | $2,800,000 | ✓ |
| Feb 2026 | PH1 | 2,667 sf | $932,000 | |
| Jan 2026 | 207 | 2,174 sf | $2,075,000 | ✓ |
| Jun 2025 | 206 | 2,497 sf | $2,475,000 | ✓ |
| Mar 2025 | 408 | 2,683 sf | $2,550,000 | ✓ |
| Apr 2024 | 202 | 2,497 sf | $2,427,000 | ✓ |
| Sep 2023 | PH5 | 2,174 sf | $2,275,000 | ✓ |
| Jul 2023 | PH6 | 2,497 sf | $2,325,000 | ✓ |
| Jul 2023 | 203 | 2,174 sf | $1,810,000 | ✓ |
| May 2023 | PH8 | 2,683 sf | $2,245,000 | ✓ |
| Jul 2022 | 505 | 2,174 sf | $1,850,000 | ✓ |
| May 2022 | 308 | 2,683 sf | $2,200,000 | ✓ |
| Dec 2021 | 201 | 2,667 sf | $1,507,700 | ✓ |
| Oct 2021 | PH3 | 2,174 sf | $1,750,000 | ✓ |
| Sep 2021 | 303 | 2,174 sf | $1,127,500 | ✓ |
| Jul 2021 | 408 | 2,683 sf | $1,450,000 | ✓ |
| May 2021 | 202 | 2,497 sf | $1,320,000 | ✓ |
| Jun 2020 | 207 | 2,174 sf | $1,100,000 | ✓ |
| Sep 2019 | PH1 | 2,667 sf | $1,475,000 | ✓ |
| Sep 2019 | 301 | 2,667 sf | $1,470,000 | ✓ |
| May 2018 | 507 | 2,174 sf | $1,300,000 | ✓ |
| Aug 2017 | 206 | 2,497 sf | $1,600,000 | ✓ |
| May 2017 | 207 | 2,174 sf | $1,430,000 | ✓ |
| May 2017 | 208 | 2,683 sf | $1,550,000 | ✓ |
| Aug 2016 | 302 | 2,497 sf | $1,100,000 | |
| Nov 2014 | 408 | 2,683 sf | $1,900,000 | ✓ |
| Jul 2013 | 307 | 2,174 sf | $1,340,000 | ✓ |
| Feb 2012 | 207 | 2,174 sf | $1,100,000 | ✓ |
| Jun 2011 | 308 | 2,683 sf | $1,162,300 | ✓ |
| Apr 2011 | 305 | 2,174 sf | $1,085,000 | ✓ |
| Jun 2010 | 401 | 2,667 sf | $1,330,000 | ✓ |
| Dec 2009 | 404 | 2,781 sf | $1,410,000 | ✓ |
| Nov 2009 | PH6 | 2,497 sf | $1,365,000 | ✓ |
| May 2008 | 502 | 2,497 sf | $1,500,000 | ✓ |
| Dec 2007 | PH5 | 2,174 sf | $1,500,000 | ✓ |
| Oct 2007 | 505 | 2,174 sf | $1,485,000 | ✓ |
| Feb 2007 | 408 | 2,683 sf | $1,525,000 | ✓ |
| Jan 2007 | 504 | 2,781 sf | $1,850,000 | ✓ |
| May 2005 | 308 | 2,683 sf | $1,275,000 | ✓ |
| May 2005 | 502 | 2,497 sf | $1,270,000 | ✓ |
| Jan 2005 | 407 | 2,174 sf | $915,000 | ✓ |
| Dec 2004 | 202 | 2,497 sf | $1,095,000 | ✓ |
| Sep 2004 | 307 | 2,174 sf | $880,000 | ✓ |
| Aug 2004 | 206 | 2,497 sf | $940,000 | ✓ |
| May 2004 | 208 | 2,683 sf | $765,000 | ✓ |
| Feb 2004 | 203 | 2,174 sf | $750,000 | ✓ |
| Dec 2003 | PH7 | 4,146 sf | $1,200,000 | ✓ |
| Nov 2003 | 406 | 2,497 sf | $750,000 | ✓ |
| Oct 2003 | 206 | 2,497 sf | $754,500 | ✓ |
| Aug 2003 | 304 | 2,781 sf | $863,500 | ✓ |
| Jun 2003 | 403 | 2,174 sf | $720,000 | ✓ |
| May 2003 | 405 | 2,174 sf | $680,000 | ✓ |
| Apr 2003 | 505 | 2,174 sf | $703,000 | ✓ |
| Jan 2003 | 504 | 2,781 sf | $820,000 | ✓ |
| Nov 2002 | 305 | 2,174 sf | $700,000 | ✓ |
| Aug 2002 | PH3 | 2,174 sf | $725,000 | ✓ |
| Aug 2002 | 208 | 2,683 sf | $695,000 | ✓ |
| Jul 2002 | PH8 | 2,683 sf | $645,000 | ✓ |
| Jul 2002 | PH7 | 4,146 sf | $950,000 | ✓ |
| Jul 2002 | PH6 | 2,497 sf | $800,000 | ✓ |
| Jul 2002 | PH5 | 2,174 sf | $725,000 | ✓ |
| Jul 2002 | PH4 | 2,781 sf | $675,000 | ✓ |
| Jul 2002 | PH2 | 3,471 sf | $870,000 | ✓ |
| Jul 2002 | 408 | 2,683 sf | $625,000 | ✓ |
| Jul 2002 | 208 | 2,683 sf | $695,000 | ✓ |
| Jul 2002 | 507 | 2,174 sf | $650,000 | ✓ |
| Jul 2002 | 407 | 2,174 sf | $615,000 | ✓ |
| Jul 2002 | 506 | 2,497 sf | $695,000 | ✓ |
| Jul 2002 | 506 | 2,497 sf | $710,000 | ✓ |
| Jul 2002 | 406 | 2,497 sf | $625,000 | ✓ |
| Jul 2002 | 406 | 2,497 sf | $710,000 | ✓ |
| Jul 2002 | 505 | 2,174 sf | $685,000 | ✓ |
| Jul 2002 | 403 | 2,174 sf | $645,000 | ✓ |
| Jul 2002 | 502 | 2,497 sf | $674,200 | ✓ |
| Jul 2002 | 401 | 2,667 sf | $720,000 | ✓ |
| Jun 2002 | PH1 | 2,667 sf | $517,000 | ✓ |
| Jun 2002 | 308 | 2,683 sf | $695,000 | ✓ |
| Jun 2002 | 307 | 2,174 sf | $525,000 | ✓ |
| Jun 2002 | 207 | 2,174 sf | $595,000 | ✓ |
| Jun 2002 | 306 | 2,497 sf | $570,000 | ✓ |
| Jun 2002 | 206 | 2,497 sf | $595,000 | ✓ |
| Jun 2002 | 405 | 2,174 sf | $560,000 | ✓ |
| Jun 2002 | 305 | 2,174 sf | $470,000 | ✓ |
| Jun 2002 | 205 | 2,174 sf | $470,000 | ✓ |
| Jun 2002 | 504 | 2,781 sf | $650,000 | ✓ |
| Jun 2002 | 404 | 2,781 sf | $625,000 | ✓ |
| Jun 2002 | 304 | 2,781 sf | $600,000 | ✓ |
| Jun 2002 | 204 | 2,781 sf | $625,000 | ✓ |
| Jun 2002 | 503 | 2,174 sf | $750,000 | ✓ |
| Jun 2002 | 403 | 2,174 sf | $520,000 | ✓ |
| Jun 2002 | 303 | 2,174 sf | $495,000 | ✓ |
| Jun 2002 | 402 | 2,497 sf | $665,000 | ✓ |
| Jun 2002 | 302 | 2,497 sf | $550,000 | ✓ |
| Jun 2002 | 202 | 2,497 sf | $575,000 | ✓ |
| Jun 2002 | 401 | 2,667 sf | $550,000 | ✓ |
| Jun 2002 | 301 | 2,667 sf | $606,300 | ✓ |
| Jun 2002 | 201 | 2,667 sf | $550,000 | ✓ |
| Feb 2002 | 203 | 2,174 sf | $595,000 | ✓ |
✓ = qualified arms-length per the Miami-Dade Property Appraiser. 25 nominal-consideration paper transfers omitted.
This page reflects publicly available information compiled by The Roebling Research Desk. Specific building details should be confirmed with the association during due diligence; the recorded Declaration of Condominium, the current building budget, the current tax bill, the structural integrity reserve study and milestone-inspection status should be reviewed for any specific transaction. © 2026 The Roebling Team at Compass.
Considering a move at Lake Villa One?
Request a private building brief with the relevant recorded sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com
Building facts and sales records are compiled from Miami-Dade County public records (Property Appraiser) and reviewed against recognized architectural references. Figures are reported as recorded and may be updated as the county updates its records. This page is informational and is not an offer or solicitation. Apartment estimates are automated, from public records, and are not appraisals.
The Roebling Team at Compass is led by Corey Cohen, a New York licensed associate real estate broker. For a purchase or sale in Miami, we introduce you to a licensed Compass agent there by referral and handle the New York side of your move ourselves. This page and its calculators are research, not an offer of representation.
To plan a move between Manhattan and Miami, schedule a consultation; where appropriate we’ll introduce you to a vetted Compass agent in the local market.