Interior
- Bedrooms
- 4
- Bathrooms
- 4
- Living area
- 2,789 sq ft
- Flooring
- Hardwood, Wood
- Appliances
- Dryer, Dishwasher, Microwave, Refrigerator, Washer
- Cooling
- Central Air
- Heating
- Central
- Interior features
- Bathtub, Elevator
Active · Condominium
$5,999,000
1250 Ocean Dr PH1, Miami Beach, FL 33139
- Beds
- 4
- Baths
- 4
- Living area
- 2,789 sq ft
- $ / sq ft
- $2,151/sq ft
- Year built
- 1941
- Lot size
- —
- HOA fee
- $5,477 Monthly
- Annual tax
- $30,849
About this property
Rare oceanfront penthouse residence on iconic Ocean Drive. PH1 offers 2,789 interior square feet with 4 bedrooms and 4 full bathrooms, featuring expansive living areas filled with natural light and direct Atlantic Ocean views. Elevated penthouse positioning provides privacy and open vistas, ideal for both full-time living and entertaining. Located in a classic Art Deco–inspired oceanfront building in the heart of South Beach, this residence places you steps from the beach, dining, shopping, and cultural attractions while offering a refined retreat above the energy of Ocean Drive. A unique opportunity to own a large-format oceanfront penthouse in one of Miami Beach’s most recognizable locations. Buyer responsible for verifying association rules, fees, assessments, and requirements.
Property location
Get Directions1250 Ocean Dr PH1, Miami Beach, FL 33139
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Facts & features
Exterior & Structure
- Property type
- Condominium
- Year built
- 1941
- Stories
- 5
- Architectural style
- Split Level
- Construction
- Block
- Exterior features
- Deck
- Waterfront
- Ocean Front
- View
- Ocean
Parking
- Garage spaces
- 0
- Covered spaces
- 0
- Parking features
- None
HOA, Community & Financials
- Association fee
- $5,477 Monthly
- Fee inclusions
- Maintenance Structure
- Amenities
- None
- Security
- Elevator Secured
- Pets allowed
- No, Yes
- Annual tax
- $30,849
- Subdivision
- THE CARLYLE DECO HOTEL CO
- County
- Miami-Dade
- Days on market
- 296
- MLS listing ID
- A11947071
- Listing status
- Active
Virtual tour
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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
-$20,620
- Cap rate
- 1.6%
- Net yield
- 1.6%
- Cash-on-cash return
- -14.7%
- Gross yield
- 4.3%
- Mortgage payment
- $28,438/mo
- Down payment
- $1,499,750
- Loan amount
- $4,499,250
- Annual NOI
- $93,818
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.