Interior
- Bedrooms
- 0
- Bathrooms
- 1
- Living area
- 480 sq ft
Active · Condominium
$575,000
918 Ocean Dr 203, Miami Beach, FL 33139
- Beds
- 0
- Baths
- 1
- Living area
- 480 sq ft
- $ / sq ft
- $1,198/sq ft
- Year built
- 1925
- Lot size
- —
- HOA fee
- $529
- Annual tax
- —
About this property
Location, location, location! Spacious oversized studio condo directly across from the ocean on iconic Ocean Drive in the heart of South Beach. Comfortably designed to accommodate up to 4 guests with 2 queen beds and a sofa bed, this unit offers excellent flexibility for personal use or income potential. Situated in a highly desirable Art Deco condo building with strong short-term rental and Airbnb-friendly appeal, it is an outstanding opportunity for investors or as the perfect Miami Beach getaway. Just steps from the sand, restaurants, nightlife, and everything South Beach has to offer.
Property location
Get Directions918 Ocean Dr 203, Miami Beach, FL 33139
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Facts & features
Exterior & Structure
- Property type
- Condominium
- Year built
- 1925
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- Association fee
- $529
- County
- Miami-Dade
- MLS listing ID
- A11996986
- 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
-$2,300
- Cap rate
- 0.9%
- Net yield
- 0.9%
- Cash-on-cash return
- -17.1%
- Gross yield
- 5.1%
- Mortgage payment
- $2,726/mo
- Down payment
- $143,750
- Loan amount
- $431,250
- Annual NOI
- $5,108
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.