1036 Ocean Dr B201, Miami Beach, FL 33139 — MLS photo

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1036 Ocean Dr B201, Miami Beach, FL 33139

Active · Condominium

$975,000

1036 Ocean Dr B201, Miami Beach, FL 33139

Beds
2
Baths
2
Living area
729 sq ft
$ / sq ft
$1,337/sq ft
Year built
1964
Lot size
—
HOA fee
$2,466
Annual tax
—

About this property

Own a corner oceanfront residence on iconic Ocean Drive with direct views of Lummus Park, the beach, and the Atlantic. Set in the heart of South Beach, this is a rare intersection of location, design, and performance, an already operating short-term rental, delivered fully turnkey. The layout, created by the combination of two units, offers a flexible two-bedroom configuration that adapts naturally to maximize occupancy and guest experience. Renovated with approved City of Miami Beach permits, the residence also features insulated walls and a new AC system. Maintenance includes all utilities: water, electric, cable and internet. Amenities include rooftop pool and front desk attendant. The building offers a pool, valet parking, and attended service, completing a setting that balances convenience with the elevated expectations of Ocean Drive living. What ultimately defines the space is its presence, bold and cinematic, capturing the essence of Miami at its most iconic with a subtle Scarface-style energy that guests are drawn to and consistently return for. Rarely available on Ocean Drive.

Property location

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1036 Ocean Dr B201, Miami Beach, FL 33139

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
729 sq ft

Exterior & Structure

Property type
Condominium
Year built
1964

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$2,466
County
Miami-Dade
MLS listing ID
A11956741
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

-$5,607

Cap rate
-1.2%
Net yield
-1.2%
Cash-on-cash return
-24.6%
Gross yield
4.9%
Mortgage payment
$4,622/mo
Down payment
$243,750
Loan amount
$731,250
Annual NOI
-$11,818

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.