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Waterfront · Condominium
$425,000$645 / sqft
345 Ocean Dr # 303, Miami Beach FL 33139
Listed
1
Bedrooms
1
Bathrooms
659 sqft
Interior
1970
Year built
$945 / mo
HOA
Condominium
Type
About this home
Lowest Priced Unit "WITH DEEDED COVERED PARKING SPOT" in Ocean Pointe. A Gem of a Building Amongst All Others On The Beach In The "South of Fifth" Neighborhood - Directly on the Sand! With Covered Parking in the Exclusive Tier One Front Lobby Entrance Area - a $70,000 Value Alone! After 5 Years of Renovations This Building Boasts a New Heated Pool Overlooking The Atlantic Ocean, State of The Art Gymnasium, Spa Restrooms and Cedar Saunas, Locked Bicycle and Paddleboard Rooms, Sleek New Modern Lobby and a Private Beach Entrance. Well Maintained Quiet Building with 24/7 Doormen. This Unit has Moroccan Terracotta Flooring Throughout, Open Kitchen, New Hurricane-Proof Windows & Door. Enjoy the Sunsets On This Triple Sized Balcony. Beachfront Resort Style Living in the Chic "South of Fifth" Neighborhood. With a $50,000 Price Drop This is Excellent Value At This Price Point!
Features
- Interior Hall
- Walk-In Closet(s)
- East Of Us1
- Open Balcony
- Skyline
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- No Lease-1st Year Owned
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.
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.