834 Ocean Drive 406, Miami Beach, FL 33139 — MLS photo

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834 Ocean Drive 406, Miami Beach, FL 33139

Active · Condominium

$415,000

834 Ocean Drive 406, Miami Beach, FL 33139

Beds
0
Baths
1
Living area
570 sq ft
$ / sq ft
$728/sq ft
Year built
1923
Lot size
—
HOA fee
$904 Monthly
Annual tax
$5,859

About this property

Turnkey Ocean Drive Investment | Daily Rentals Allowed | Steps to the Sand. Own a slice of iconic South Beach with this income-producing 1BR/1BA at Casa Grande Condo-Hotel, perfectly positioned directly across from the beach on world-famous Ocean Drive. This fully furnished, move-in ready unit is licensed for short-term rentals (daily allowed) offering immediate cash flow potential with zero setup. Featuring a full kitchen & turnkey interiors, it's ideal for investors, second-home buyers, or a flexible vacation property. Owners & guests enjoy 24-hour front desk service & security, while the HOA covers internet, water, laundry facilities & common area maintenance. Step outside to white sand beaches, top dining, nightlife & everything that makes South Beach a world-renowned destination.

Property location

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834 Ocean Drive 406, Miami Beach, FL 33139

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Facts & features

Interior

Bedrooms
0
Bathrooms
1
Living area
570 sq ft
Flooring
Tile
Appliances
Dishwasher, Electric Range, Microwave, Refrigerator
Cooling
Central Air
Heating
Central
Interior features
Breakfast Area, Kitchen Island, Tub Shower, Elevator
Furnished
Furnished

Exterior & Structure

Property type
Condominium
Year built
1923
Stories
5
Lot size
0 sq ft
Roof
Tile
Construction
Block
Pool
None

Parking

Covered spaces
0

HOA, Community & Financials

Association fee
$904 Monthly
Fee inclusions
Insurance, Internet, Laundry, Sewer, Trash, Water
Amenities
Laundry, Elevators
Pets allowed
No
Annual tax
$5,859
Subdivision
CASA GRANDE CONDO
County
Miami-Dade
Days on market
134
MLS listing ID
B26023011
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

-$1,651

Cap rate
0.9%
Net yield
0.9%
Cash-on-cash return
-17.1%
Gross yield
6.3%
Mortgage payment
$1,967/mo
Down payment
$103,750
Loan amount
$311,250
Annual NOI
$3,792

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