About Lake Villas One
Lake Villas One is a low-rise condominium community of villas at 721 Crandon Blvd (the complex also includes 723 Crandon Blvd, 725 Crandon Blvd and 727 Crandon Blvd). Completed in 2002. It is part of The Ocean Club, the Crandon Boulevard community of towers and villas.
Key Biscayne is an island village reached by the Rickenbacker Causeway, with Crandon Park to the north and Bill Baggs Cape Florida State Park to the south. Ask the association for its current budget, reserve study and any planned assessments before you buy.
Building Fees & Assessments
Association fee data for this building isn't yet compiled from MLS listings -- contact us for current figures on a specific unit.
Specific reserve fund balances, pending special assessments, and financial statements aren't public MLS data -- request them directly from the condo association or your agent before making an offer.
Rental Potential
See the live "Monthly rental from" figure above for Lake Villas One's current lowest asking rent, and the market snapshot's closed-lease count and median rent for actual rental demand over the trailing 12 months -- both update automatically, unlike a number written here. Specific rental rules -- minimum lease term, rentals allowed per year, and whether short-term/Airbnb-style rentals are permitted -- are set by the condo association and vary by building. Verify current rental restrictions directly with the association before buying as an investment.
Frequently Asked Questions
Is Lake Villas One pet-friendly?
Lake Villas One does not generally allow pets. Verify current pet policy directly with the building association before purchasing.
Can I rent out my unit at Lake Villas One?
Long-term rentals are generally permitted at Lake Villas One, though minimum lease terms and any short-term rental restrictions vary by building. Verify the current rental policy directly with the association before purchasing as an investment.
Where is Lake Villas One?
At 721 Crandon Blvd in Key Biscayne. The complex also includes 723 Crandon Blvd, 725 Crandon Blvd and 727 Crandon Blvd; all addresses are included in this site's live listings.
When was Lake Villas One built?
It was completed in 2002. We did not find a developer or architect confirmed by more than one source, so we do not state one.
Can I rent out a unit at Lake Villas One?
Rental rules are set by the condominium association and vary from building to building, so confirm the minimum lease term and any limits before you buy.
Reviewed by Carlos Olivares, FL License #3051724. Last updated October 2026.
