Ocean Tower One Homes for Sale

Ocean Tower One Condo is an age-restricted 55+ community in Key Biscayne, Miami-Dade County, Florida, governed under the Housing for Older Persons Act (HOPA). Homes are priced from $3,800,000 to $3,900,000. At least one resident per home must be 55 or older. Pure Equity lists homes in Ocean Tower One and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.

Pure Equity Realty covers Ocean Tower One and the Key Biscayne area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows 3 Ocean Tower One Key Biscayne homes for sale as of October 2026. The median asking price is $5.49M. Asking prices run from $3.75M to $18.5M.

That is 107% above the Key Biscayne median of $2.65M. On a per-foot basis, homes here ask about $1,533 per square foot, compared with $1,161 across Key Biscayne. So the median price buys roughly 3,600 square feet of living area.

Listings here have averaged 111 days on the market. That tracks the Key Biscayne average of 130 days, so pricing and terms follow the wider city market.

Homes listed in Ocean Tower One date from 2002, so they are about 24 years old.

Every one of these homes went up after Florida adopted its statewide building code in 2002. In practice, that usually means impact-rated openings and stronger roof attachment. A wind mitigation inspection documents those features, and Florida insurers must offer premium discounts for them.

Ocean Tower One includes waterfront homes. Waterfront lots in South Florida often sit in FEMA special flood hazard areas, where lenders require flood insurance. Before you commit, look up the address on the FEMA Flood Map Service Center and ask the seller for an elevation certificate.

Ocean Tower One is a condo building. Also request the association budget, recent minutes and any special assessments before you sign.

At a median near $5.49M, Ocean Tower One sits in the luxury tier of Key Biscayne. Jumbo financing and proof of funds usually come up early in these negotiations.

Here is what the median Ocean Tower One price means in Florida closing terms. At $5.49M, a 20% down payment comes to about $1.1M, leaving a loan near $4.39M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $15,372. Next, the intangible tax of 0.2% adds about $8,784. Buyers normally pay both at closing.

On the seller side, Miami-Dade charges deed stamps of 60 cents per $100 on a single-family home, about $32,940 at this price. Condos and other property types pay a higher rate.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent Ocean Tower One listings show assignments to Key Biscayne K-8 (elementary), Ponce De Leon (middle) and Coral Gables (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.