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Waterfront · Condominium
$529,500$810 / sqft
465 Ocean Dr # 512, Miami Beach FL 33139
Listed
1
Bedrooms
1
Bathrooms
654 sqft
Interior
1969
Year built
$702 / mo
HOA
Condominium
Type
About this home
Experience oceanfront living in the highly desirable South of Fifth neighborhood! This spacious 1-bedroom, 1-bath residence offers 654 square feet at Royal Atlantic Condo, ideally situated directly on Ocean Drive. Residents enjoy direct beach access, an oceanfront pool and sundeck, a fitness center, sauna, community room, bike storage, and more. Just moments from South Pointe Park, the marina, renowned restaurants, shopping, and everything South Beach has to offer. This is an excellent opportunity to own a primary residence, vacation home, or Miami Beach retreat in one of the area’s most sought-after locations.
Features
- Elevator
- Other
- West Of Us1
- Open Balcony
- Ocean View
- Water View
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$3,379
Loan payment and HOA only. Property tax and insurance are significant here and are included.
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 1-bed rentals in Miami Beach, from 200 active listings; the middle half ask $2,350–$4,500.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.