Lake Villa Two
735 Crandon Boulevard, Key Biscayne, FL 33149
Folio 2452050500001
- Year built
- 1996
- Residences
- 36
- Building area
- 84,740 sq ft
- Median residence
- 2,345 sq ft
- FEMA flood zone
- Zone AE · BFE 9 ft
- Latest arms-length sale
- $1,810,000 · Mar 2026
- Median sale (10 yr)
- $1,707,500
- Recorded transfers
- 146
Lake Villa Two is a 36-residence condominium building at 735 Crandon Boulevard, on Key Biscayne. County records list 1996 as the year built. It has a median residence of 2,345 square feet.
The recorded market runs to 115 arms-length sales since 1996, an annual turnover rate of 6.4 percent of the building over the past decade, and a median of $329 per square foot. Across 79 same-unit resales, 94 percent sold above their prior recorded price, with a median gain of 56 percent over a median hold of 5.4 years. The 7 sales since 2023 carry a median of $972 per square foot, against a record that opens in 1996 and spans several market cycles.
Own a residence at Lake Villa Two? See what it would sell for.
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646.939.7375 · c.cohen@compass.com
At a glance
Common name: Lake Villa Two, in the 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
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 2,060 to 2,470 square feet, in two- to three-bedroom plans, with penthouse units at the top
Amenities in the building: Heated pool, spa and sauna, exercise room, clubhouse, library and media room, barbecue area, basketball court, tennis, covered and guest parking
Ocean Club community: Beach club, tennis and padel, pools and a beachside bar and grill; access terms are in the master association documents
Services: A doorman is provided
Policies: Pet, leasing and resale rules are set by the association; confirm at offer stage.
Source: The Roebling Research Desk.
Why Lake Villa Two matters
It is a small building with large apartments: 36 residences, with the smallest plans at about 2,060 square feet.
Lake Villa Two was completed in 1996, ahead of Lake Villa Three (1998), the Ocean Towers (2001 and 2002) and Lake Villa One (2002). It is on the lake side of the community rather than on the ocean, so its views and its distance to the beach differ from the Ocean Tower pages.
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.
The parcel is in flood zone AE.
Architecture and unit composition
The building is six stories with elevator service. Plans run from about 2,060 to 2,470 square feet, in two- and three-bedroom layouts, with penthouse units. Confirm interior condition unit by unit.
Get the association's size schedule and the unit's floor plan.
Building operations
The building has a doorman, a heated pool with spa and sauna, an exercise room, a clubhouse, a library, a media room and assigned and guest parking. Ask which of these belong to Lake Villa Two and which are shared Ocean Club facilities.
Residences across the Ocean Club were specified with 8-foot-8-inch ceilings, granite counters and marble primary baths with whirlpool tubs and walk-in closets; 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 Two alone. Ask whether Lake Villa Two 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 operating budget, recent financial statements, reserve funding and any special assessments. Ask about the roof, elevator, garage and exterior, and for the building's flood and wind insurance history.
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
One recorded sale, March 2026, at $1,810,000. It is one sale, not a building price. Pricing varies by floor, plan, condition and view.
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 Two
Confirm the building. The Ocean Club has 11 buildings with similar names. Confirm the unit is in Lake Villa Two and which association governs it.
Read the club terms. Get the master association documents and the written terms for beach, tennis and club access and fees.
Check condition. Ask for the roof, plumbing, elevator and exterior history, and for the reserve study.
What to know if you're selling at Lake Villa Two
Price against your plan. Use closings in the same plan and floor range, and note renovation level.
Have the documents ready. Budget, reserve study, financials, inspection status and club terms shorten diligence.
Comparable buildings
- Lake Villa One, Ocean Club — the neighboring lake villa, a six-story, 38-residence building at 725 Crandon Boulevard, completed in 2002.
- Lake Villa Three, Ocean Club — the adjacent lake villa, a six-story building of 50 residences at 741 Crandon Boulevard, completed in 1998.
- Ocean Tower Two, Ocean Club — a 111-residence oceanfront tower in the same community, at 791 Crandon Boulevard.
Compared with
- 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 Dec 1996. 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 |
|---|---|---|---|---|
| Mar 2026 | 405 | 2,060 sf | $1,810,000 | ✓ |
| Feb 2026 | 303 | 2,220 sf | $2,300,000 | ✓ |
| Mar 2025 | 202 | 2,470 sf | $2,400,000 | ✓ |
| Mar 2025 | PH-5 | 2,060 sf | $2,060,000 | ✓ |
| Mar 2024 | 308 | 2,470 sf | $2,210,000 | ✓ |
| Sep 2023 | 507 | 2,220 sf | $2,000,000 | ✓ |
| Jun 2023 | PH-6 | 2,470 sf | $2,725,000 | ✓ |
| Oct 2022 | 206 | 2,470 sf | $2,315,000 | ✓ |
| Mar 2022 | 303 | 2,220 sf | $1,780,000 | ✓ |
| May 2021 | 202 | 2,470 sf | $1,143,900 | ✓ |
| Apr 2021 | PH-8 | 2,470 sf | $1,550,000 | ✓ |
| Mar 2021 | 406 | 2,470 sf | $1,270,000 | ✓ |
| Sep 2019 | 204 | 2,790 sf | $1,600,000 | ✓ |
| Sep 2019 | PH-1 | 2,060 sf | $1,100,000 | ✓ |
| Jul 2019 | 305 | 2,060 sf | $1,045,000 | ✓ |
| Jun 2019 | 404 | 2,790 sf | $1,600,000 | ✓ |
| May 2019 | PH-2 | 2,470 sf | $1,575,000 | ✓ |
| Apr 2019 | 408 | 2,470 sf | $1,750,000 | ✓ |
| Apr 2019 | 202 | 2,470 sf | $628,000 | |
| Mar 2019 | 206 | 2,470 sf | $1,635,000 | ✓ |
| Jun 2018 | 307 | 2,220 sf | $1,125,000 | ✓ |
| Jan 2018 | PH-6 | 2,470 sf | $1,695,000 | ✓ |
| Jun 2017 | PH-7 | 2,220 sf | $2,025,000 | ✓ |
| Nov 2016 | 301 | 2,060 sf | $1,470,000 | ✓ |
| Jul 2016 | 308 | 2,470 sf | $1,720,000 | ✓ |
| Feb 2014 | 506 | 2,470 sf | $1,910,000 | ✓ |
| Oct 2013 | PH-4 | 2,790 sf | $1,200,000 | |
| Jun 2012 | 504 | 2,790 sf | $1,565,000 | ✓ |
| Jun 2012 | 301 | 2,060 sf | $935,000 | ✓ |
| Mar 2012 | 507 | 2,220 sf | $1,125,000 | ✓ |
| Dec 2011 | 407 | 2,220 sf | $100,000 | |
| Dec 2011 | 407 | 2,220 sf | $1,100,000 | ✓ |
| Dec 2011 | 308 | 2,470 sf | $1,050,000 | ✓ |
| Nov 2011 | PH-3 | 2,220 sf | $1,175,000 | ✓ |
| Nov 2010 | 302 | 2,470 sf | $1,175,000 | ✓ |
| Nov 2010 | 201 | 2,060 sf | $875,000 | ✓ |
| Apr 2010 | 202 | 2,470 sf | $1,150,000 | ✓ |
| Apr 2010 | 305 | 2,060 sf | $1,000,000 | ✓ |
| Jul 2009 | 206 | 2,470 sf | $1,050,000 | ✓ |
| Apr 2009 | 406 | 2,470 sf | $1,130,000 | ✓ |
| Oct 2007 | 504 | 2,790 sf | $1,775,000 | ✓ |
| Dec 2006 | 408 | 2,470 sf | $1,385,000 | ✓ |
| Dec 2006 | PH-7 | 2,220 sf | $1,550,000 | ✓ |
| Jul 2006 | 305 | 2,060 sf | $1,100,000 | ✓ |
| Jun 2006 | PH-6 | 2,470 sf | $1,650,000 | ✓ |
| Apr 2006 | 506 | 2,470 sf | $1,600,000 | ✓ |
| Apr 2006 | 203 | 2,220 sf | $1,337,500 | ✓ |
| Dec 2005 | PH-5 | 2,060 sf | $1,300,000 | ✓ |
| Dec 2005 | 504 | 2,790 sf | $1,680,000 | ✓ |
| Nov 2005 | 206 | 2,470 sf | $1,500,000 | ✓ |
| Oct 2005 | 204 | 2,790 sf | $1,499,000 | ✓ |
| May 2005 | 507 | 2,220 sf | $1,105,000 | ✓ |
| Mar 2005 | 203 | 2,220 sf | $860,000 | ✓ |
| Nov 2004 | 406 | 2,470 sf | $1,010,000 | ✓ |
| Nov 2004 | 301 | 2,060 sf | $780,000 | ✓ |
| Sep 2004 | PH-6 | 2,470 sf | $887,500 | ✓ |
| Sep 2004 | PH-5 | 2,060 sf | $740,000 | ✓ |
| Jun 2004 | 408 | 2,470 sf | $865,000 | ✓ |
| Jun 2004 | 303 | 2,220 sf | $830,000 | ✓ |
| May 2004 | 307 | 2,220 sf | $705,000 | ✓ |
| Apr 2004 | 507 | 2,220 sf | $730,000 | ✓ |
| Apr 2004 | 201 | 2,060 sf | $645,000 | ✓ |
| Nov 2003 | 208 | 2,470 sf | $800,000 | ✓ |
| Nov 2003 | PH-7 | 2,220 sf | $850,000 | ✓ |
| Oct 2003 | 204 | 2,790 sf | $877,500 | ✓ |
| Aug 2003 | 407 | 2,220 sf | $600,000 | ✓ |
| Jun 2003 | PH-3 | 2,220 sf | $706,000 | ✓ |
| Jan 2003 | 302 | 2,470 sf | $710,000 | ✓ |
| Jul 2002 | 504 | 2,790 sf | $766,300 | ✓ |
| Jun 2002 | 306 | 2,470 sf | $735,000 | ✓ |
| May 2002 | 404 | 2,790 sf | $770,000 | ✓ |
| Jul 2000 | 406 | 2,470 sf | $625,000 | ✓ |
| Jun 2000 | 206 | 2,470 sf | $650,000 | ✓ |
| Jun 2000 | 308 | 2,470 sf | $550,000 | ✓ |
| May 2000 | 504 | 2,790 sf | $670,000 | ✓ |
| Mar 2000 | PH-3 | 2,220 sf | $565,000 | ✓ |
| Oct 1999 | 303 | 2,220 sf | $525,000 | ✓ |
| Sep 1999 | 307 | 2,220 sf | $485,000 | ✓ |
| Sep 1999 | 204 | 2,790 sf | $615,000 | ✓ |
| Aug 1999 | 202 | 2,470 sf | $595,000 | ✓ |
| Jun 1999 | 407 | 2,220 sf | $460,000 | ✓ |
| May 1999 | 306 | 2,470 sf | $575,000 | ✓ |
| Mar 1999 | 406 | 2,470 sf | $565,000 | ✓ |
| Mar 1998 | PH-8 | 2,470 sf | $520,000 | ✓ |
| Oct 1997 | 507 | 2,220 sf | $455,000 | ✓ |
| Aug 1997 | 304 | 2,790 sf | $560,000 | ✓ |
| May 1997 | 206 | 2,470 sf | $535,000 | ✓ |
| Apr 1997 | 205 | 2,060 sf | $380,000 | ✓ |
| Jan 1997 | PH-8 | 2,470 sf | $505,000 | ✓ |
| Jan 1997 | 408 | 2,470 sf | $475,000 | ✓ |
| Jan 1997 | PH-6 | 2,470 sf | $620,000 | ✓ |
| Jan 1997 | 306 | 2,470 sf | $475,000 | ✓ |
| Jan 1997 | PH-5 | 2,060 sf | $460,000 | ✓ |
| Jan 1997 | 405 | 2,060 sf | $420,000 | ✓ |
| Jan 1997 | 305 | 2,060 sf | $437,900 | ✓ |
| Jan 1997 | PH-4 | 2,790 sf | $615,000 | ✓ |
| Jan 1997 | 204 | 2,790 sf | $615,000 | ✓ |
| Jan 1997 | 203 | 2,220 sf | $385,000 | ✓ |
| Jan 1997 | 302 | 2,470 sf | $442,500 | ✓ |
| Jan 1997 | PH-1 | 2,060 sf | $435,000 | ✓ |
| Dec 1996 | 308 | 2,470 sf | $400,000 | ✓ |
| Dec 1996 | 208 | 2,470 sf | $480,000 | ✓ |
| Dec 1996 | PH-7 | 2,220 sf | $480,000 | ✓ |
| Dec 1996 | 207 | 2,220 sf | $380,000 | ✓ |
| Dec 1996 | 506 | 2,470 sf | $520,000 | ✓ |
| Dec 1996 | 406 | 2,470 sf | $500,000 | ✓ |
| Dec 1996 | 505 | 2,060 sf | $435,000 | ✓ |
| Dec 1996 | 504 | 2,790 sf | $600,000 | ✓ |
| Dec 1996 | 404 | 2,790 sf | $585,000 | ✓ |
| Dec 1996 | PH-3 | 2,220 sf | $500,000 | ✓ |
| Dec 1996 | 503 | 2,220 sf | $440,000 | ✓ |
| Dec 1996 | 403 | 2,220 sf | $455,000 | ✓ |
| Dec 1996 | 303 | 2,220 sf | $425,000 | ✓ |
| Dec 1996 | PH-2 | 2,470 sf | $530,000 | ✓ |
| Dec 1996 | 402 | 2,470 sf | $485,000 | ✓ |
| Dec 1996 | 202 | 2,470 sf | $490,000 | ✓ |
| Dec 1996 | 301 | 2,060 sf | $360,000 | ✓ |
| Dec 1996 | 201 | 2,060 sf | $410,000 | ✓ |
✓ = qualified arms-length per the Miami-Dade Property Appraiser. 28 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 Two?
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.