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1024 Ocean Dr Unit A507 Miami Beach, FL 33139Miami-Dade County

  • beds
  • 1 bath
  • 395 sqft
  • $650 per sqft
  • 1964 build
  • on site

Amazing penthouse investment opportunity in this beautiful ocean front condo-hotel! Property can be rented short term on Airbnb with no rental restrictions. Daily rentals allowed. The condo was recently renovated and tastefully furnished. Congress hotel is located in the center of Ocean Drive, 1 block from the former Versace mansion and across the street from the beach. Spectacular rooftop pool and bar. Professionally managed by 3rd party management company, this property generates great cash flow, grossing between $40k and $50k per year.

Listing courtesy of MLSM / Howard Chase Real Estate, LLC

MLS# A10373054 — Report a problem

Property details for 1024 Ocean Dr Unit A507

Last refreshed 10 minutes ago

The Building

Year Built:
1964
Year Built:
Condo-Hotel
Property Type:
Condo/Co-Op/Villa/Townhouse
Construction Type:
CBS Construction
Style:
Condo-Hotel
Exterior Features:
Open Balcony
Total Square Feet:
395 Sqft
Unit Design:
Interior Hall, Lobby
Total Floors in Building:
5
Restrictions:
Ok To Lease, No Restrictions
Cable Available:
Yes

Interior

Interior Features:
Built-Ins, Closet Cabinetry
Floors:
Tile Floors
Rooms Description:
Family Room
Living Area Square Feet:
395 Sqft
Total Baths:
1.00
Tax Amount:
$3,619
Windows Treatment:
Blinds/Shades
Internet:
1
Equipment Appliances:
Dishwasher, Microwave, Electric Range, Refrigerator, Smoke Detector
Unit Floor Location:
5
Security Information:
Doorman, Elevator Secure, Lobby Secured

Financial & Terms

Status:
Closed Sale
Current Price:
$257,000
Sale Terms:
Cash
Terms Considered:
All Cash, Conventional
Short Sale:
No

Location

Street Name:
Ocean Dr
City:
Miami Beach
Postal Code:
33139

The Property

Parcel Number:
02 42 03 302 0280
Property Type:
Condo
Flood Zone:
Ae
County Or Parish:
Miami-Dade County
Water Access:
Other
Waterfront Property:
Yes
Waterfront Description:
Ocean Front

Listing Agent

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Agent phone:
(305) 342-4987
Office phone:
(305) 532-7470

Taxes

Tax Year:
2016
Tax Information:
Tax Reflects No Exemptions

Beds

Bedroom:
Entry Level

Baths

Full Baths:
1

The Listing

List Price:
$269,000
MLS Number:
A10373054
Photo Count:
13
Virtual Tour
Virtual Tour
Last Change Type:
Closed Sale
Street Number:
1024

Heating & Cooling

Cooling:
Central Cooling
Heating:
Central Heat

The Community

Association Fee:
$970
Association Fee Paid Per:
Monthly
Type of Association:
Condo
Maintenance Includes:
Maintenance Incl Security
Application Fee:
$100
Subdivision Name:
The Strand On Ocean Drive
Pets Allowed:
Yes
Pet Restrictions:
Restrictions Or Possible Restrictions
Amenities:
Bar, Clubhouse-Clubroom, Common Laundry, Elevator, Exercise Room, Exterior Lighting, Pool

Parking

Parking Description:
Street Parking

Extra Units

Unit View:
Garden View
Unit Number:
A507

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What it's like to live at 1024 Ocean Dr Unit A507

Your commute

WalkScore®

Provided by WalkScore® Inc.

97

Walker's Paradise

Soundscore™

Provided by HowLoud

75

Moderate

Loud Moderate Quiet

Internet Speed

Provided by BroadbandNow®

120 Mbps

About internet speed

Atlantic Broadband

View a full report

Utility Costs

Estimate provided by Clearly Energy

$104 /mo.

About estimated utilities

View a full report

Potential Airbnb Income

Rent on Airbnb with Everbooked

$2,248 /mo.

About estimated Airbnb income

Access a full report

Sale history for 1024 Ocean Dr Unit A507

DateEventPrice% ChangeSource
Sep 7, 2018Sold$257,000-4.5%MLSM
Jul 23, 2018Pending$269,000MLSM
May 23, 2018Price Changed$269,000-3.9%MLSM

Schools near 1024 Ocean Dr Unit A507

5

Fienberg Fisher K 8 Center

Public K-8

5

Miami Beach Senior High School

Public 9-12

4

Nautilus Middle School

Public 6-8

N/A

Robert Morgan Educational Center And Technical College

Public 9-12

10

Air Base Elementary School

Public K-8

5

Fienberg Fisher K 8 Center

Public K-8

10

Air Base Elementary School

Public K-8

N/A

Miami Beach Adult And Community Education Center

Public K-K

7

South Pointe Elementary School

Public K-5

N/A

Rasg Hebrew Academy

Private K-12

5

Fienberg Fisher K 8 Center

Public K-8

4

Nautilus Middle School

Public 6-8

10

Air Base Elementary School

Public K-8

N/A

Mechina Of South Florida

Private 7-12

N/A

Rasg Hebrew Academy

Private K-12

5

Miami Beach Senior High School

Public 9-12

N/A

Robert Morgan Educational Center And Technical College

Public 9-12

N/A

Stone Coast Academy

Private 12-12

N/A

Mechina Of South Florida

Private 7-12

N/A

Rasg Hebrew Academy

Private K-12

N/A

Stone Coast Academy

Private 12-12

N/A

Mechina Of South Florida

Private 7-12

N/A

Rasg Hebrew Academy

Private K-12

* GreatSchools scores are based on a scale from 1 to 10, where 10 is above average.

The school service areas are not definitive and should only be used as guidance. GreatSchools Ratings provided by www.greatschools.org


Listing Courtesy of: MLSM and Howard Chase Real Estate, LLC.

Based on information from the MLS MIAMI 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. MLSM, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. MLSM and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

Copyright © 2019 Estately, Inc. Data displayed here has not been verified by Estately.