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Waterfront · Condominium
$549,000$837 / sqft
345 Ocean Dr # 610, Miami Beach FL 33139
Listed
1
Bedrooms
1
Bathrooms
656 sqft
Interior
1970
Year built
$944 / mo
HOA
Condominium
Type
About this home
Experience elevated coastal living in this fully renovated residence at 345 Ocean Drive, located in the heart of Miami Beach's coveted South of Fifth neighborhood. Completely reimagined with exceptional attention to detail, this turnkey residence blends modern elegance with effortless beachside living. The thoughtfully designed interior features a designer kitchen with custom cabinetry, quartz countertops, premium finishes, and stainless steel appliances, complemented by beautifully renovated bathrooms, wide-plank flooring, upgraded lighting, and contemporary finishes throughout. Filled with natural light, the open layout creates a bright, sophisticated, and inviting coastal retreat. Residents of 345 Ocean Drive enjoy an exceptional lifestyle with resort-style amenities, including a heated swimming pool, fitness center, sauna, community room, 24-hour attended lobby, on-site management, secure entry, covered parking, bicycle storage, and beautifully maintained common areas. Perfectly positioned just seconds from the beach, South Pointe Park, Ocean Drive, world-renowned restaurants, cafés, marinas, and luxury shopping, this residence offers the very best of South of Fifth living. Whether you're searching for a full-time residence, seasonal getaway, or investment opportunity, this home delivers an unbeatable combination of location, style, and value.
Features
- Elevator
- Pantry
- Walk-In Closet(s)
- Other
- Open Balcony
- Ocean View
- Direct Ocean
- Pool Area View
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.