$330,000
$20K PRICE DROP

1024 Ocean Dr Unit A404 Miami Beach, FL 33139

Lummus Park Neighborhood

Estimated payment $3,806/month

Total Views 3,607
-- Bed
1 Bath
511 Sq Ft
$646 Price per Sq Ft

Highlights

  • Valet Parking
  • Balcony
  • Views
  • Bar or Lounge
  • Bar
  • 2-minute walk to Lummus Park

About This Home

CONDOTEL LEASED ALL YEAR THROUGH AIRBNB. VERY HIGH DEMAND. GREAT PASSIVE INCOME INVESTMENT OPPORTUNITY FOR SAVY INVESTOR. GREAT MONEY MAKER!!!!. FOR CASH INVESTOR (QUICK CLOSING). ACCORDING TO THE MANAGEMENT COMPANY AND THE SELLER " THE 1024 BUILDING AT THE STRAND PASSED THE 40 YEAR RECERTIFICATION IN 2023, THEY ARE UP TO DATE WITH THE CMB" THIS IS THE ONLY UNIT THAT HAS NEW FURNITURE AND THE INTERIOR IS REFURBISHED SEE ATTACHEMENTS FOR ADDITIONAL INFO. IF YOU NEED A CONDOTEL LOAN OR A FOREIGN NATIONAL WE CAN HELP

Listing Agent

MARIO ANTONIO PRADO

Abba Premier Properties Realty Inc. Brokerage Phone: 305-321-7526 License #0699129 Listed on: 03/24/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,556

Year Built

  • Built in 1964

HOA Fees

  • $1,683 Monthly HOA Fees

Home Design

  • Condo Hotel
  • Entry on the 4th floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1 Full Bathroom
  • 511 Sq Ft Home
  • 4-Story Property
  • Bar
  • Tile Flooring
  • Property Views

Kitchen

  • Electric Range
  • Microwave

Home Security

Additional Features

  • Accessible Elevator Installed
  • Balcony
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-302-0150

Community Details

Overview

  • Club Membership Required
  • Low-Rise Condominium
  • The Strand On Ocean Drive Condos
  • The Strand On Ocean Drive Subdivision

Amenities

  • Valet Parking
  • Bar or Lounge
  • Lobby
  • Elevator

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Security

  • Secure Elevator
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,556

Year Built

Built in 1964

Lot Details

0

HOA Fees

$1,683 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1964
  • Property Sub Type: Condominium
  • Entry Level: 4
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 1-4 Stories, Condo
  • Subdivision Name: THE STRAND ON OCEAN DRIVE
  • Year Built Details: Condo-Hotel
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: Yes
  • Attribution Contact: 305-321-7526
  • Special Features: VirtualTour

Interior Features

  • Appliances: Microwave, Electric Range
  • Interior Amenities: Lobby, First Floor Entry, Bar, Elevator, Fire Sprinklers
  • Full Bathrooms: 1
  • Flooring: Tile
  • Living Area: 511
  • Other Equipment: Elevator
  • Stories: 4
  • Bedroom Features: None

Exterior Features

  • View: Other View
  • Exterior Features: Other, Open Balcony
  • Construction Type: CBS Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: THE STRAND ON OCEAN DRIVE
  • Parking Features: Other, Valet

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Electric: Circuit Breakers, Fuse Box
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Fire Sprinklers, Fire Alarm, Elevator Secure

Condo/Co-op/Association

  • Association Fee: 1683
  • Amenities: Bar, Elevator(s), Other
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-42-03-302-0150

Rental Info

  • Pets Allowed: Maximum 20 Lbs

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 4556

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,978 $278,760 -- --
2024 $4,556 $253,419 -- --
2023 $4,556 $230,381 $0 $0
2022 $4,061 $209,438 $0 $0
2021 $3,676 $190,399 $0 $0
2020 $4,007 $206,955 $0 $0
2019 $4,010 $206,955 $0 $0
2018 $4,141 $220,241 $0 $0
2017 $4,194 $220,241 $0 $0
2016 $4,760 $215,515 $0 $0
2015 $4,627 $195,923 $0 $0
2014 $4,236 $178,112 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/24/2025 03/24/25 Price Changed $330,000 -5.7% $646 / Sq Ft
03/24/2025 03/24/25 For Sale $350,000 +34.6% $685 / Sq Ft
07/05/2016 07/05/16 Sold $260,000 -11.5% $509 / Sq Ft View Prior Sale
05/16/2016 05/16/16 Pending -- -- --
01/11/2016 01/11/16 For Sale $293,900 -- $575 / Sq Ft
Source: MIAMI REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $260,000 Attorney
Special Warranty Deed $312,900 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $234,650 Fannie Mae Freddie Mac
Source: Public Records

Source: MIAMI REALTORS® MLS

MLS Number: A11769536

MIAMI REALTORS® MLS

APN: 02-4203-302-0150

Florida Miami/Dade County Miami Beach 33139 Lummus Park

1024 Ocean Dr Unit A404, Miami Beach, FL

For Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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MARIO ANTONIO PRADO
Listing Agent
MARIO ANTONIO PRADO
Section Image
Abba Premier Properties Realty Inc.
(305) 321-7526