Interior
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 560 sq ft
- Flooring
- Ceramic Tile, Other
- Appliances
- Dishwasher, Microwave, Refrigerator
- Cooling
- Central Air
- Heating
- None, Other
- Interior features
- Bathtub, Elevator
Active · Condominium
$650,000
918 Ocean Dr 202, Miami Beach, FL 33139
- Beds
- 1
- Baths
- 1
- Living area
- 560 sq ft
- $ / sq ft
- $1,161/sq ft
- Year built
- 1925
- Lot size
- —
- HOA fee
- $587 Monthly
- Annual tax
- $523,671
About this property
Location, location, location! Spacious large one-bedroom unit ideally situated directly across from the ocean in the heart of South Beach. Located in a highly desirable Art Deco building in an area surrounded by daily short-term rental activity, making it especially attractive for investors seeking a prime Miami Beach opportunity. Enjoy the unbeatable lifestyle of being steps from the beach, restaurants, entertainment, and the vibrant energy of Ocean Drive.
Property location
Get Directions918 Ocean Dr 202, Miami Beach, FL 33139
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Facts & features
Exterior & Structure
- Property type
- Condominium
- Year built
- 1925
- Stories
- 4
- Architectural style
- Other
- Construction
- Block
- Exterior features
- Fence
- Waterfront
- Ocean Front
- View
- Other
Parking
- Garage spaces
- 0
- Covered spaces
- 0
- Parking features
- None, On Street, Valet
HOA, Community & Financials
- Association fee
- $587 Monthly
- Fee inclusions
- Other, Sewer, Trash, Water
- Amenities
- Elevators
- Security
- Complex Fenced, Intercom, Smoke Detectors
- Pets allowed
- Conditional, Yes
- Annual tax
- $523,671
- Subdivision
- 918 OCEAN DRIVE CONDO
- County
- Miami-Dade
- Days on market
- 1
- MLS listing ID
- A11996985
- 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
-$45,170
- Cap rate
- -77.7%
- Net yield
- -77.7%
- Cash-on-cash return
- -297.8%
- Gross yield
- 5.2%
- Mortgage payment
- $3,081/mo
- Down payment
- $162,500
- Loan amount
- $487,500
- Annual NOI
- -$505,068
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.