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Condominium at 401 Ocean Dr # 316, Miami Beach FL 33139Active
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Waterfront · Condominium
$950,000$1,272 / sqft

401 Ocean Dr # 316, Miami Beach FL 33139

2
Bedrooms
1
Bathrooms
747 sqft
Interior
1970
Year built
$1,163 / mo
HOA
Condominium
Type

About this home

Wake up to breathtaking direct ocean views from this rarely available, highly sought-after east-facing corner residence with parking: perfectly positioned directly on the sand in the prestigious South of Fifth neighborhood. The largest floor plan in the building, this exceptional residence has been thoughtfully reconfigured to maximize both space and functionality. The spacious primary bedroom is complemented by a versatile den/guest room, offering the flexibility of a second sleeping area, home office, or media room. The open-concept kitchen features granite countertops and flows seamlessly into the light-filled living and dining areas, all designed to showcase the spectacular Atlantic views. Additional highlights include a beautifully updated bathroom with a Jacuzzi tub, generous closet space, central A/C, impact windows and doors, and a private oceanfront balcony where you can relax to the soothing sound of the waves. This newly updated oceanfront building offers a heated beachfront pool, bike storage, community room, and complimentary beach service with two lounge chairs and an umbrella for each residence. The building has been completely renovated, successfully completed its required recertification, and maintains reserves, providing added confidence for owners. An exceptional opportunity to experience the ultimate Miami Beach beachfront lifestyle.

Features

  • Built-in Features
  • Stacked Bedroom
  • Den/Library/Office
  • Open Balcony
  • Ocean View
  • Direct Ocean

Location

Approximate — shows the building, not the unit. Open in maps (opens in a new tab)

Estimated loan & HOA

$5,967

Loan payment and HOA only. Property tax and insurance are significant here and are not included.

Principal & interest
$4,804
HOA
$1,163 / mo

Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.

Schedule a tour

Request a private or video tour with a local agent.

Courtesy of
The Keyes Company

Run the numbers

We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.

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 rent, 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. 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.