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Waterfront · Condominium
$399,900$975 / sqft
335 Ocean Dr # 214, Miami Beach FL 33139
Listed
1
Bedrooms
1
Bathrooms
410 sqft
Interior
1939
Year built
$614 / mo
HOA
Condominium
Type
About this home
Rare opportunity to own a true beachfront getaway in Miami Beach’s coveted South of Fifth neighborhood. Perfectly positioned directly on the ocean in a quiet residential stretch of Ocean Drive, Ocean Walk is just two blocks from the world-famous Art Deco District, with acclaimed dining, shopping, and entertainment close by. This well-maintained residence offers a rare lifestyle and investment combination in one of the few areas of Miami Beach where approved short-term rentals are still permitted. Ideal as a part-time second home, owners can enjoy personal use while also renting the property when not in residence to help offset expenses. Strong income potential and compelling ROI add to the appeal. Heated pool and direct beach access are just steps away. Maintenance includes electricity, water, WiFi, cable TV, and insurance. No building rental restrictions. Beach chair and umbrella service is available through management!
Features
- No Interior Features
- Other
- Other View
Leasing
- Minimum lease
- 1 day
- Leases permitted per year
- 180
- 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
Approximate — shows the building, not the unit.
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.