158 Ocean Drive, Unit 406

Miami Beach, FL 33139

$287,000
Price
Studio
Beds
1
Bath
400 Sq. Ft.
$718 / Sq. Ft.
400
Sq. Ft.
$718
per Sq. Ft.

Description

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...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.
  1. Listed by Martin Urruela • Marela Properties, LLC

Property Details for 158 Ocean Drive, Unit 406

Subdivision
OCEAN BEACH FLA SUB
Complex Name
OCEAN TOWERS INC
Style
Co-Op 1-4 Stories
Waterfront
No
View
Garden View
Unit View
Garden View
Area
42
Auction
No
LISTING UPDATED: 07/11/2024 09:03 PM

Property Details for 158 Ocean Drive, Unit 406

StatusActive
MLS #A11609788
Days on Market154
Taxes$3,054 / year
HOA Fees$2,262 / quarter
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeCondo/Co-Op/Villa/Townhouse
Year Built1961
CountyMiami-Dade County

Building

Ocean Beach Fla Sub

4 StoriesBuilt in 1961

Building Information for 158 Ocean Drive, Unit 406

Building/ComplexOcean Beach Fla SubFloor-Stories4Residences-Pet Policy-Year Built1961

Property Information for 158 Ocean Drive, Unit 406

Location Information
Location Information
  • Parcel Number Free Text: 02-42-03-077-0200
  • Parcel Number MLX: 0200
  • MLS Area: 42
  • Municipal Code: 2
  • Township Range: 42
  • Section: 3
  • Subdivision Number: 77
  • Subdivision Complex Bldg: OCEAN TOWERS INC
  • Unit Floor Location: 4
  • Total Floors In Building: 4
General Information
Parking
  • Num Garage Spaces: 0
  • Num Carport Spaces: 0
  • Carport Spaces: 0
  • Parking Description: Covered Parking, Parking-Under Building, Space Rented, Street Parking
General Information
  • Housing Older Persons Act: No HOPA
  • Property Detached: No
  • Minimum Num of Days for Lease: 180
  • Num Times Leased Year: 2
  • Type of Governing Bodies: Co-Op
  • Unit Design: Exterior Cat Walk
  • Construction: CBS Construction
  • Construction Type: CBS Construction
  • Flooring: Tile Floors
  • Floor Description: Tile Floors
  • Security Information: Garage Secured, Lobby Secured, Stairs Secured
Room Information
Room Information
  • Bedroom Description: Studio
Additional Property Information
Utilities
  • Heating Description: Window/Wall
  • Cooling Description: Wall/Window Unit Cooling
Additional Property Information
  • Pets Allowed: No
  • Pets Allowed: No
  • Guest Accommodations: No
  • Room Count: 0
  • Interior Features: First Floor Entry
  • Equipment Appliances: Gas Range, Refrigerator
  • Exterior Features: Wraparound Porch
  • Maintenance Includes: Building Exterior, Common Area, Elevator, Landscaping/Lawn Maintenance, Laundry Facilities, Manager, Outside Maintenance, Reserve Fund, Roof Repairs, Security, Sewer, Water
  • Amenities: Common Laundry, Community Room, Elevator, Exterior Lighting
Financial Information
Financial Information
  • Type of Association: Homeowners
  • Assoc Fee Paid Per: Quarterly
  • Flood Zone: AE
  • Tax Year: 2023
  • Tax Information: Tax Reflects No Exemptions
Rental Information
Rent Information
  • Approval Information: 1-2 Weeks Approval, Application Fee Required, Association Approval Required
Rent Status
  • Other Fees: $150

Property History for 158 Ocean Drive, Unit 406

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 158 Ocean Drive, Unit 406

Taxable ValueLand-Additions-Total-
Tax Record2023$3,180 ($265 / month)
Home Facts
Beds0Total Finished SqFt400 SqFtAbove Grade Finished SqFt400 SqFtStyleCooperativeYear Built1961Zoning4700:MULTI-FACountyMIAMI-DADEAPN02-4203-077-0200

Schools near 158 Ocean Drive, Unit 406

This home is within Miami-Dade County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
South Pointe Elementary School
PublicPK to 5

Nautilus Middle School
Public6 to 8

Robert Morgan Voc-Tech Institute
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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158 Ocean Drive, Unit 406 is a condo for sale in Miami Beach, FL 33139. This property was listed for sale on June 19, 2024 by Marela Properties, LLC, it's currently listed at $287,000. It has been on the market for a total of 154 days and was last sold on May 1, 2014. This listing's school district is Miami-Dade County Public Schools. Nearby schools include South Pointe Elementary School, Air Base K-8 Center for International Education and Nautilus Middle School. 158 Ocean Drive, Unit 406 is a 0-bed, 1-bath, 400 sqft condo built in 1961.

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Listing Courtesy of Marela Properties, LLC

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.