1024 Ocean Dr Unit A404 Miami Beach, FL 33139
Lummus Park NeighborhoodEstimated payment $3,777/month
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
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
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 |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $260,000 | Attorney | |
| Special Warranty Deed | $312,900 | First American Title Ins Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $234,650 | Fannie Mae Freddie Mac |
Source: MIAMI REALTORS® MLS
MLS Number: A11769536
APN: 02-4203-302-0150
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