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.