1024 OCEAN DR #A202, Miami Beach
$315,000 USD 1
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| Address | 1024 OCEAN DR #A202, Miami Beach |
| Building Name | THE STRAND ON OCEAN DRIVE |
| Type of Property | Condominium |
| Price | $315,000 |
| Property Status | Active |
| MLS Number | A11824939 |
| Full Bathrooms Number | 1 |
| Living Area | 516 |
| Year Built | 1964 |
| Folio Number | 02-42-03-302-0050 |
| Days on Market | 28 |
Detailed Description: Spacious renovated studio with a balcony in a popular South Beach condo-hotel. Fully licensed for short-term Airbnb rentals. Features a rooftop pool and the famous Palace Bar on the ground floor. Fully renovated in 2023 with new flooring, paint, furniture, doors, and a NEW AC unit. Sold furnished with proven 9 – years rental history. 2024 gross income – $80,000 and 80% occupancy through the year. No hotel program—owners can rent on their own or through any third-party manager. HOA includes all utilities: electricity, water, sewer, internet, TV, and front desk service. Option to continue with the current professional management or choose your own. Strong bookings and high ROI. Turnkey investment with income potential from day one.
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Address Information
| State | Florida |
| City | Miami Beach |
| County | Miami-Dade County |
| Zip Code | 33139 |
| Address | 1024 OCEAN DR |
| Section | 3 |
| Zip Code (4 Digits) | 5014 |
Financial Information
| Price | $315,000 |
| Price per Foot | $0 |
| Folio Number | 02-42-03-302-0050 |
| Maintenance Charge Month | $1,730 |
| Association Fee Paid | Monthly |
| Association Fee | $1,730 |
| Tax Amount | $5,381 |
| Tax Year | 2024 |
Full Descriptions
| Detailed Description | Spacious renovated studio with a balcony in a popular South Beach condo-hotel. Fully licensed for short-term Airbnb rentals. Features a rooftop pool and the famous Palace Bar on the ground floor. Fully renovated in 2023 with new flooring, paint, furniture, doors, and a NEW AC unit. Sold furnished with proven 9 – years rental history. 2024 gross income – $80,000 and 80% occupancy through the year. No hotel program—owners can rent on their own or through any third-party manager. HOA includes all utilities: electricity, water, sewer, internet, TV, and front desk service. Option to continue with the current professional management or choose your own. Strong bookings and high ROI. Turnkey investment with income potential from day one. |
| Property View | Other View |
| Interior Features | Other |
| Exterior Features | Other, Open Balcony |
| Equipment Appliances | Dishwasher, Microwave, Electric Range, Refrigerator |
| Amenities | Bar, Cabana, Elevator (s), Pool |
| Cooling Description | Central Air |
| Heating Description | Other |
| Parking Description | None |
| Pet Restrictions | No |
Property parameters
| Full Baths Number | 1 |
| Balcony Includes | 1 |
| Living Area | 516 |
| Year Built | 1964 |
| Type of Property | Condominium |
| Building Name | THE STRAND ON OCEAN DRIVE |
| Development Name | THE STRAND ON OCEAN DRIVE |
| Construction Type | Other |
| Listed with | Vera Realty LLC |