All listings
Active
Active1 / 35
Photo 1 of 35
Waterfront · Condominium
$419,000$779 / sqft
401 Ocean Dr # 607, Miami Beach FL 33139
Listed
0
Bedrooms
1
Bathrooms
538 sqft
Interior
1970
Year built
$1,134 / mo
HOA
Condominium
Type
About this home
Spectacular direct ocean views from this rarely available, spacious residence, offering the size of a one-bedroom with a modern open studio layout and private balcony. Completely updated with porcelain tile floors throughout, granite countertops, and a sleek open kitchen featuring a flat-top range and double sink. The modern bathroom features a floating vanity and seamless glass shower enclosure. Generous closet space and central air conditioning add to the comfort and functionality of this special residence. Located in a completely remodeled oceanfront building, with all major improvements completed including a new roof, concrete restoration, impact windows and doors throughout, new pool deck, new elevators, and more. The building has passed its recertification, reserves are in place, and there are no special assessments. Enjoy an exceptional oceanfront lifestyle with a gorgeous heated oceanfront pool and dedicated beach service, including use of two beach chairs and an umbrella for each residence. A truly rare opportunity to own a beautifully updated, generously sized oceanfront residence with spectacular direct ocean views in a completely renovated building. *Priced Below Market as buyer will need to do changes required by city*
Features
- Interior Hall
- Closet Cabinetry
- Studio Apartment
- Open Balcony
- Ocean View
- Direct Ocean
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
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 studio rentals in Miami Beach, from 200 active listings; the middle half ask $1,800–$3,000.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.