Interior
- Bedrooms
- 0
- Bathrooms
- 1
- Living area
- 516 sq ft
Active · Condominium
$299,000
1024 Ocean Dr A502, Miami Beach, FL 33139
- Beds
- 0
- Baths
- 1
- Living area
- 516 sq ft
- $ / sq ft
- $579/sq ft
- Year built
- 1964
- Lot size
- —
- HOA fee
- $1,783
- Annual tax
- —
About this property
Rare top-floor unit offering unbeatable value per square foot and a relaxing partial ocean view from your private balcony. Perfect for investors: daily rentals allowed and no hotel program needed. Manage it yourself or bring in a professional—total flexibility. An ideal starter investment property in the heart of South Beach.
Property location
Get Directions1024 Ocean Dr A502, Miami Beach, FL 33139
Loading property location…
Facts & features
Exterior & Structure
- Property type
- Condominium
- Year built
- 1964
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- Association fee
- $1,783
- County
- Miami-Dade
- MLS listing ID
- A11917877
- Listing status
- Active
Investment intelligence
Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$2,272
- Cap rate
- -3.4%
- Net yield
- -3.4%
- Cash-on-cash return
- -32.6%
- Gross yield
- 7.0%
- Mortgage payment
- $1,417/mo
- Down payment
- $74,750
- Loan amount
- $224,250
- Annual NOI
- -$10,259
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.