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Waterfront · Condominium
$575,000$873 / sqft
345 Ocean Drive # 512, Miami Beach FL 33139
Listed
1
Bedrooms
1
Bathrooms
659 sqft
Interior
1970
Year built
$945 / mo
HOA
Condominium
Type
About this home
For sale furnished oceanfront Living in Exclusive South Beach South of Fifth (SoFi) Neighborhood.Experience the living in this Miami's most sought-after neighborhoods. Renovated modern Italian Kitchen, opens to the spacious living room perfect for entertaining. Sleek Bathroom, Cozy Bedroom, Private Balcony, In-Unit Washer and dryer. New renovated building 40 yr recertification, New elevators, New exterior, New front desk coming soon, New Heated Oceanfront Pool deck, New Gym, new Community Room, New Hallways, new impact windows/Doors, 24/7 Security, WiFi high-speed internet. HOA Includes Water, sewer, trash, and pest control. Rented allow 24 hrs for showings.
Features
- First Floor Entry
- East Of Us1
- Open Balcony
- Ocean
- Ocean View
- Direct Ocean
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$3,853
Loan payment and HOA only. Property tax and insurance are significant here and are included.
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.