401 Ocean Dr 224, Miami Beach, FL 33139 — MLS photo

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401 Ocean Dr 224, Miami Beach, FL 33139

Active · Condominium

$465,000

401 Ocean Dr 224, Miami Beach, FL 33139

Beds
1
Baths
1
Living area
655 sq ft
$ / sq ft
$710/sq ft
Year built
1970
Lot size
—
HOA fee
$1,134 Monthly
Annual tax
$7,240

About this property

Beautifully maintained and fully furnished 1BD/1BA residence in the highly desirable South of Fifth neighborhood. Enjoy ocean views, direct beach access, private beach service with loungers and umbrellas, and walking distance to South Pointe Park, top dining, and all South Beach attractions. This move-in-ready condo features an open kitchen/living layout, impact windows and sliders, new laminate floors, updated central A/C, generous storage with two walk-in closets, and a private gated parking space. The well-managed oceanfront building has completed its 50-year recertification and offers a brand-new heated pool and pool deck, secure lobby, 24/7 security, laundry on every floor, elevators, and healthy reserves. Maintenance includes water, cable, internet, landscaping, trash, and pest control — ideal as a primary residence, vacation retreat, or investment property.

Property location

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401 Ocean Dr 224, Miami Beach, FL 33139

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Facts & features

Interior

Bedrooms
1
Bathrooms
1
Living area
655 sq ft
Flooring
Other
Appliances
Dishwasher, Other, Refrigerator
Cooling
Other
Heating
Electric, Other
Interior features
Other, Elevator
Furnished
Negotiable

Exterior & Structure

Property type
Condominium
Year built
1970
Stories
11
Architectural style
Other
Construction
Block
Exterior features
Balcony
Pool
Association, Heated
Waterfront
Ocean Access, Ocean Front
View
Ocean

Parking

Garage spaces
0
Covered spaces
0
Parking features
None, On Street, Garage Door Opener

HOA, Community & Financials

Association fee
$1,134 Monthly
Fee inclusions
Association Management, Laundry, Pools, Reserve Fund
Amenities
Clubhouse, Fitness Center, Other, Pool, Storage, Elevators
Security
Complex Fenced, Other, Phone Entry, Security Guard, Smoke Detectors
Pets allowed
Conditional, Yes
Annual tax
$7,240
Subdivision
THE PRESIDENTIAL CONDO
County
Miami-Dade
Days on market
50
MLS listing ID
A12028597
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

-$2,001

Cap rate
0.5%
Net yield
0.5%
Cash-on-cash return
-18.4%
Gross yield
6.3%
Mortgage payment
$2,204/mo
Down payment
$116,250
Loan amount
$348,750
Annual NOI
$2,443

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