345 Ocean Dr 303, Miami Beach, FL 33139 — MLS photo

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345 Ocean Dr 303, Miami Beach, FL 33139

Active · Condominium

$425,000

345 Ocean Dr 303, Miami Beach, FL 33139

Beds
1
Baths
1
Living area
659 sq ft
$ / sq ft
$645/sq ft
Year built
1970
Lot size
—
HOA fee
$945 Monthly
Annual tax
$4,114

About this property

Lowest Priced Unit "WITH DEEDED COVERED PARKING SPOT" in Ocean Pointe. A Gem of a Building Amongst All Others On The Beach In The "South of Fifth" Neighborhood - Directly on the Sand! With Covered Parking in the Exclusive Tier One Front Lobby Entrance Area - a $70,000 Value Alone! After 5 Years of Renovations This Building Boasts a New Heated Pool Overlooking The Atlantic Ocean, State of The Art Gymnasium, Spa Restrooms and Cedar Saunas, Locked Bicycle and Paddleboard Rooms, Sleek New Modern Lobby and a Private Beach Entrance. Well Maintained Quiet Building with 24/7 Doormen. This Unit has Moroccan Terracotta Flooring Throughout, Open Kitchen, New Hurricane-Proof Windows & Door. Enjoy the Sunsets On This Triple Sized Balcony. Beachfront Resort Style Living in the Chic "South of Fifth" Neighborhood. With a $50,000 Price Drop This is Excellent Value At This Price Point!

Property location

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345 Ocean Dr 303, Miami Beach, FL 33139

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Facts & features

Interior

Bedrooms
1
Bathrooms
1
Living area
659 sq ft
Flooring
Ceramic Tile, Terrazzo
Appliances
Electric Range, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven
Cooling
Central Air
Heating
Central
Interior features
Bedroom On Main Level, Walk In Closets

Exterior & Structure

Property type
Condominium
Year built
1970
Stories
11
Architectural style
High Rise
Construction
Block
Exterior features
Balcony, Security High Impact Doors
Pool
Association, Heated
Waterfront
Ocean Access, Ocean Front
View
Skyline

Parking

Garage spaces
1
Covered spaces
1
Parking features
Attached, Covered, Deeded, Garage, One Space

HOA, Community & Financials

Association fee
$945 Monthly
Fee inclusions
Association Management, Amenities, Cable Tv, Internet, Laundry, Pest Control, Pools, Reserve Fund, Sewer, Security, Trash, Water
Amenities
Bike Storage, Clubhouse, Fitness Center, Laundry, Barbecue, Picnic Area, Pool, Sauna, Trails, Trash, Vehicle Wash Area
Security
Complex Fenced, Lobby Secured, Security Guard, Smoke Detectors
Pets allowed
Conditional, Yes
Annual tax
$4,114
Subdivision
OCEAN POINT CONDO
County
Miami-Dade
Days on market
102
MLS listing ID
A12000159
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

-$1,431

Cap rate
1.6%
Net yield
1.6%
Cash-on-cash return
-14.4%
Gross yield
6.6%
Mortgage payment
$2,015/mo
Down payment
$106,250
Loan amount
$318,750
Annual NOI
$7,005

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