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Waterfront · Condominium
$595,000$910 / sqft
465 Ocean Dr # 419, Miami Beach FL 33139
Listed
1
Bedrooms
1
Bathrooms
654 sqft
Interior
1969
Year built
$702 / mo
HOA
Condominium
Type
About this home
Renovated 1-bedroom, with shower plus separate jacuzzi. Residence showcases classic Art Deco style. The bright Royal Atlantic building tastefully features adjacent Lumas Park’s palm treed northern exposure, with stunning views of ocean, and iconic Ocean Drive. The elevated bedroom design allows from your pillow to see/hear crashing ocean waves, creating a truly rare living experience. Under the elevated bed are 800 cu. ft of storage space. Included is one covered-parking space. This Prime South Beach building with pool, huge deck, and recreation center is located only a few feet from the sand beach. Royal Atlantic at 5th Street and Ocean Dr. is the Art Deco center for dining and entertainment.
Features
- Other
- East Of Us1
- Ocean View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
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 $2,300–$3,800.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.