401 Ocean Dr 1007, Miami Beach, FL 33139 — MLS photo

Get More Info About This Property

401 Ocean Dr 1007, Miami Beach, FL 33139

Active · Condominium

$470,000

401 Ocean Dr 1007, Miami Beach, FL 33139

Beds
0
Baths
1
Living area
538 sq ft
$ / sq ft
$874/sq ft
Year built
1970
Lot size
—
HOA fee
$1,134 Monthly
Annual tax
$6,822

About this property

Direct ocean view living in the highly sought-after South of Fifth neighborhood. The only direct ocean view unit currently available in the building, this spacious 538 SF deluxe studio offers stunning sunrise & Atlantic scenery from your private balcony in a true oceanfront building — the ultimate pied-à-terre or year-round dream home. Meticulously renovated with over $100,000 in high-end upgrades, the sleek designer kitchen features striking black quartz countertops, crisp contemporary white cabinetry, and stainless steel appliances. Calacatta porcelain flooring flows throughout the residence, creating a clean, modern feel. The spa-inspired bathroom is finished in matching Calacatta porcelain on the floors and walls, complemented by a contemporary wood-tone vanity, LED mirror, glass-enclosed shower, and modern fixtures. New impact windows frame breathtaking ocean views, and an abundance of closet space enhances comfort. Located in a modernized, secure, gated oceanfront building, with completed 40-year recertification and all special assessments paid. Residents enjoy a brand-new pool deck, heated pool, direct beach and boardwalk access, complimentary beach service with chairs and umbrella, cable and internet included, and a brand new gym coming soon. All of this in the prestigious South of Fifth — and all for well under $500K. You deserve this lifestyle.

Property location

Get Directions

401 Ocean Dr 1007, Miami Beach, FL 33139

Loading property location…

Facts & features

Interior

Bedrooms
0
Bathrooms
1
Living area
538 sq ft
Flooring
Tile
Appliances
Dishwasher, Electric Range, Electric Water Heater, Ice Maker, Microwave, Refrigerator
Cooling
Central Air
Heating
Central
Interior features
Built In Features, Breakfast Area, Closet Cabinetry, Dining Area, Separate Formal Dining Room, Custom Mirrors
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
1970
Stories
11
Construction
Block
Exterior features
Balcony, Barbecue, Courtyard
Pool
Heated
Waterfront
Ocean Access, Ocean Front
View
Ocean, Water

Parking

Garage spaces
0
Covered spaces
0
Parking features
On Street

HOA, Community & Financials

Association fee
$1,134 Monthly
Fee inclusions
Association Management, Amenities, Cable Tv, Hot Water, Insurance, Internet, Laundry, Maintenance Grounds, Pest Control, Sewer, Security, Trash, Water
Amenities
Bike Storage, Clubhouse, Community Kitchen, Fitness Center, Laundry, Barbecue, Picnic Area, Pool, Sauna, Trash, Elevators
Security
Closed Circuit Cameras, Complex Fenced, Lobby Secured
Pets allowed
Conditional, Yes
Annual tax
$6,822
Subdivision
THE PRESIDENTIAL CONDO
County
Miami-Dade
Days on market
204
MLS listing ID
A11969826
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

-$2,170

Cap rate
0.1%
Net yield
0.1%
Cash-on-cash return
-19.8%
Gross yield
5.8%
Mortgage payment
$2,228/mo
Down payment
$117,500
Loan amount
$352,500
Annual NOI
$699

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