About Lake Villas Two
Lake Villas Two is a low-rise condominium community of villas at 731 Crandon Blvd (the complex also includes 733 Crandon Blvd, 735 Crandon Blvd and 737 Crandon Blvd). Completed in 1996. 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. Because the building dates to 1996, review the association’s reserves, assessments and milestone-inspection status 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 Two'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 Two pet-friendly?
Lake Villas Two 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 Two?
Long-term rentals are generally permitted at Lake Villas Two, 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 Two?
At 731 Crandon Blvd in Key Biscayne. The complex also includes 733 Crandon Blvd, 735 Crandon Blvd and 737 Crandon Blvd; all addresses are included in this site's live listings.
When was Lake Villas Two built?
It was completed in 1996. 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 Two?
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.
