345 Ocean Dr 424, Miami Beach, FL 33139 — MLS photo

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345 Ocean Dr 424, Miami Beach, FL 33139

Active · Condominium

$475,000

345 Ocean Dr 424, Miami Beach, FL 33139

Beds
1
Baths
1
Living area
654 sq ft
$ / sq ft
$726/sq ft
Year built
1970
Lot size
—
HOA fee
$945 Monthly
Annual tax
$6,226

About this property

This beautifully updated 1-bedroom, 1-bath residence truly has it all—ocean views, an oversized balcony, covered parking, and a prime location in a newly renovated oceanfront building in highly desirable South of Fifth. Featuring tile floors throughout, a modern kitchen with new cabinetry, granite countertops, and stainless appliances, new tankless water heater, generous closet space with room for a washer/dryer (which is allowed), central A/C, impact windows and sliding glass door, and assigned covered parking. Enjoy northeast-facing ocean views from the spacious oversized balcony. The oceanfront building has recently completed an extensive renovation including a new exterior, new roof, new elevators, new oceanfront patio with heated pool, new ocean view fitness center, and new lobbies and building entrance are underway- with all assessments paid by Seller! Excellent tenant in place through 12/3/2026, making this a great opportunity for both end users and investors.

Property location

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345 Ocean Dr 424, Miami Beach, FL 33139

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Facts & features

Interior

Bedrooms
1
Bathrooms
1
Living area
654 sq ft
Flooring
Tile
Appliances
Electric Range, Microwave, Refrigerator
Cooling
Central Air
Heating
Central
Interior features
Bedroom On Main Level, Family Dining Room, Tub Shower, Walk In Closets
Furnished
Unfurnished

Exterior & Structure

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

Parking

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

HOA, Community & Financials

Association fee
$945 Monthly
Fee inclusions
Association Management, Amenities, Common Areas, Cable Tv, Insurance, Internet, Legal Accounting, Maintenance Grounds, Pest Control, Pools, Sewer, Security, Trash, Water
Amenities
Bike Storage, Clubhouse, Elevators, Fitness Center, Laundry, Barbecue, Picnic Area, Trash
Security
Closed Circuit Cameras, Complex Fenced, Security Guard
Pets allowed
No
Annual tax
$6,226
Subdivision
OCEAN POINT CONDO
County
Miami-Dade
Days on market
119
MLS listing ID
A12016035
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

-$1,758

Cap rate
1.2%
Net yield
1.2%
Cash-on-cash return
-15.9%
Gross yield
6.3%
Mortgage payment
$2,252/mo
Down payment
$118,750
Loan amount
$356,250
Annual NOI
$5,925

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