401 Ocean Dr 1001, Miami Beach, FL 33139 — MLS photo

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401 Ocean Dr 1001, Miami Beach, FL 33139

Active · Condominium

$499,000

401 Ocean Dr 1001, Miami Beach, FL 33139

Beds
1
Baths
1
Living area
667 sq ft
$ / sq ft
$748/sq ft
Year built
1970
Lot size
—
HOA fee
$1,163 Monthly
Annual tax
$6,478

About this property

South of Fifth. Oceanfront. Sunset Views. Welcome to 401 Ocean Drive, an exceptional opportunity to own in South of Fifth (SoFi)—Miami Beach's most coveted neighborhood. Perched on the 10th floor, this west-facing one-bedroom, one-bath residence offers breathtaking sunset and skyline views, filling the home with warm golden light each evening. Located directly on the sand, this oceanfront building sits along one of the most famous beaches in the world and adjacent to iconic Lummus Park, where miles of beachfront walking and biking paths are just outside your door. From morning coffee by the ocean to evening sunsets from your private balcony, every day feels like a vacation. SoFi is renowned for its walkability, luxury lifestyle, and world-class dining. Just moments away are celebrated restaurants including Joe's Stone Crab, Prime 112, Carbone, and Smith & Wollensky, along with South Pointe Park, the marina, and the vibrant energy of Ocean Drive. Whether you're looking for a primary residence, vacation home, or investment property, this residence offers an unbeatable combination of location, lifestyle, and value. At $525,000, this is one of the best opportunities to own an oceanfront property in South of Fifth—where luxury living, endless sunsets, and the best of Miami Beach come together.

Interior & exterior features

Appliances

  • Dishwasher
  • Electric Range
  • Electric Water Heater
  • Microwave

Cooling

  • Electric

Heating

  • Central

Views

  • Bay
  • Intercoastal

Waterfront

  • Ocean Front

Parking

  • One Space

Interior features

  • Bedroom On Main Level
  • Elevator

Exterior features

  • Balcony
  • Deck

Pool

  • Heated

Flooring

  • Ceramic Tile

construction

  • Brick
  • Block
  • Pre Cast Concrete

security

  • Door Man
  • Elevator Secured
  • Key Card Entry
  • Fire Sprinkler System

association_amenities

  • Fitness Center
  • Pool
  • Trash
  • Elevators

association_fee_includes

  • Common Areas
  • Cable Tv
  • Pools

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

-$2,044

Cap rate
0.8%
Net yield
0.8%
Cash-on-cash return
-17.6%
Gross yield
6.2%
Mortgage payment
$2,366/mo
Down payment
$124,750
Loan amount
$374,250
Annual NOI
$3,861

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