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Waterfront · Condominium
$890,000$1,391 / sqft
301 Ocean Dr # 201, Miami Beach FL 33139
Listed
1
Bedrooms
1
Bathrooms
640 sqft
Interior
1967
Year built
$800 / mo
HOA
Condominium
Type
About this home
Rarely available at 301 Ocean Drive, one of the most distinctive boutique mid-century oceanfront buildings in South of Fifth, widely regarded as Miami Beach’s premier and most high-end residential neighborhood. Built in 1967 and positioned directly on the sand, this intimate six-story building offers a scale and character increasingly hard to find. This newly gut-renovated corner residence is exceptionally bright, with oversized windows on three exposures—south, north and west—filling the home with natural light throughout the day. The southern exposure looks directly over Ocean Beach Park, offering direct views to the park greenery, sky and the beach beyond. The building has also completed its major renovation, concrete restoration and recertification work, with the associated special assessment already addressed. For a buyer, that means a completely renovated residence in a substantially renewed oceanfront building. Direct beach access, a park-front setting, and an exceptional South of Fifth location near South Pointe Park, the marina and neighborhood restaurants complete the offering. Unit is being sold turnkey furnished. Impact windows and one gated parking space. Be sure to watch the video, if you don't see it then please request it.
Features
- Open Balcony
- Other View
Leasing
- Minimum lease
- 181 days
- Leases permitted per year
- 1
- Ok To Lease
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
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.