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158 Ocean Dr Unit 406

Miami Beach, FL 33139

– beds
1 bath
400 sqft
$717 per sqft
1961 build
– on site

Studio on famous Ocean Dr. in the coveted South of 5th St. neighborhood. Walking distance to everything SouthBeach can offer: night clubs, bars, fine dining, shopping centers, houses of worship, parks, and most importantly the unit is right across from the beach. Perfect income producing investment property. Unit is currently rented at$1800. Association allows rentals the same year after purchase. No short term rentals allowed (Airbnb). Building has its own covered parking lot, but spaces are rented by the HOA. No pets allowed. Maintenance is paid quarterly. Building just obtained its 40 year recertification. CALL OWNER FOR SHOWINGS with 24 hour prior notice, Mon-Fri 10am-6pm. Owner has 2 other units in the building for sale, one is next to this unit.

Listing courtesy of MLSM / Marela Properties, LLC

Last checked: Checking… • Last updated Apr 16, 2025 •

MLS# A11609788 —

The Building

Year Built:

1961
Year Built Details:

Effective Year Built
Construction Materials:

Block
Stories Total:

4
Entry Location:

4
Entry Level:

4
Building Features:

ExteriorLighting
Exterior Features:

Porch
Patio And Porch Features:

WrapAround
Security Features:

SecuredGarageParking, LobbySecured
Unit Number:

406
Building Area Total:

400.0

Interior

Interior Features:

FirstFloorEntry
Flooring:

Tile

Room Dimensions

Living Area:

400.0

Financial & Terms

Lease Considered:

true

The Property

View:

Garden
Parcel Number:

02 42 03 077 0200
Property Type:

Residential
Property Subtype:

StockCooperative
Property Subtype Additional:

StockCooperative
Lot Size Units:

SquareFeet
Waterfront:

false
Property Attached:

true

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

$3,054
Tax Legal Description:

OCEAN BEACH FLA SUB PB 2-38 LOT 1 BLK 2 OCEAN TOWERS INC - CO-OP #406 4.86% OF OWNERSHIP OR 19573-2068 0301 5

Baths

Total Baths:

1
Full Baths:

1

The Listing

Virtual Tour Unbranded:

Virtual Tour

Heating & Cooling

Heating:

WallFurnace
Heating:

true
Cooling:

WallWindowUnits
Cooling:

true

Appliances

Appliances:

GasRange, Refrigerator
Laundry Features:

CommonArea

The Community

Subdivision Name:

Ocean Beach Fla Sub
Senior Community:

false
Association Amenities:

Clubhouse, Laundry, Elevators
Pets Allowed:

No
Association Fee:

$2,262
Association Fee Frequency:

Quarterly
Association Fee Includes:

AssociationManagement, CommonAreas, Laundry, MaintenanceGrounds, MaintenanceStructure, ReserveFund, Roof, Sewer, Security, Water

Parking

Parking Features:

Covered, Underground, Leased, OnStreet
Garage:

false
Carport:

false

Monthly cost estimate

Asking price

$287,000

Expense	Monthly cost
Mortgage	$1,536
Taxes	$254
Insurance	$78
HOA fees	$754
Utilities	$128 See report
Total	$2,750/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
7/11/24 Jul 11, 2024	Price Changed	MLSM	$287,000	-10.3%
6/19/24 Jun 19, 2024	Listed / Active	MLSM	$320,000	106.2% (9.5% / YR)
2/12/14 Feb 12, 2014	Listed / Active	MLSM

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This house located in South Pointe, Miami Beach, FL 33139 is currently for sale for $287,000. 158 Ocean Dr Unit 406 is a 400 square foot house with – beds and 1 bath that has been on Estately for 320 days. 158 Ocean Dr Unit 406 is in the South Pointe neighborhood of Miami Beach and has a WalkScore® of 92, making it a walker’s paradise. This house is in the attendance area of Air Base Elementary School, Miami Beach Senior High School, South Pointe Elementary School, Nautilus Middle School, and Robert Morgan Educational Center And Technical College.

Listing Courtesy of: MLSM and Marela Properties, LLC.

Based on information from the MLS MIAMI 2025. 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.