$335,000

1024 Ocean Dr Unit A502 Miami Beach, FL 33139

Lummus Park Neighborhood

Estimated payment $3,996/month

Total Views 1,142
-- Bed
1 Bath
516 Sq Ft
$649 Price per Sq Ft

Highlights

  • Ocean Front
  • Heated Community Pool
  • Balcony
  • Penthouse
  • Breakfast Area or Nook
  • 2-minute walk to Lummus Park

About This Home

Rare top-floor unit offering unbeatable value per square foot and a relaxing partial ocean view from your private balcony. Perfect for investors: daily rentals allowed and no hotel program needed. Manage it yourself or bring in a professional—total flexibility. An ideal starter investment property in the heart of South Beach.

Listing Agent

Anna Lunicheva

Lokation Brokerage Phone: 754-232-4458 License #3405178 Listed on: 11/20/2025

Lokation

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,560

Year Built

  • Built in 1964

HOA Fees

  • $1,783 Monthly HOA Fees

Home Design

  • Penthouse
  • Entry on the 5th floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 516 Sq Ft Home
  • Tile Flooring
  • Ocean Views

Kitchen

  • Breakfast Area or Nook
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Full Bathroom
  • Bathtub and Shower Combination in Primary Bathroom

Schools

  • Nautilus Middle School
  • Miami Beach High School

Utilities

  • Cooling Available
  • Heating Available

Additional Features

  • Balcony
  • Ocean Front
  • East of U.S. Route 1

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-302-0080

Community Details

Overview

  • The Strand On Ocean Drive Condos
  • The Strand On Ocean Drive Subdivision
  • 5-Story Property

Recreation

  • Heated Community Pool

Pet Policy

  • Breed Restrictions

Security

  • Card or Code Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,560

Year Built

Built in 1964

Lot Details

0

HOA Fees

$1,783 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1964
  • Property Sub Type: Condominium
  • Architectural Style: Penthouse
  • Entry Level: 5
  • Garage Yn: No
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo-Hotel, Condo
  • Subdivision Name: THE STRAND ON OCEAN DRIVE
  • Year Built Details: Effective Year Built
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • Attribution Contact: 754-232-4458
  • CurrentPrice: 335000
  • InternetRemarks: Penthouse. Ocean View. Daily Rental. Heated Pool. South Beach Gem.
  • ShowingTimeFlag: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Refrigerator
  • Interior Amenities: Other
  • Full Bathrooms: 1
  • Flooring: Tile
  • Living Area: 516
  • Stories: 5
  • Bedroom Features: Other
  • Dining Room Features: Breakfast Area
  • Master Bathroom Features: Combination Tub & Shower

Exterior Features

  • View: Ocean View
  • Exterior Features: East Of Us1, Open Balcony
  • Construction Type: CBS Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: THE STRAND ON OCEAN DRIVE
  • Parking Features: None

Utilities

  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Security: Card Entry

Condo/Co-op/Association

  • Association Fee: 1783
  • Amenities: Heated Pool, Pool
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

  • High School: Miami Beach
  • Middle Or Junior School: Nautilus

Lot Info

  • Parcel Number: 02-42-03-302-0080

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 5560

Map

Range of Values:

--
Value Increase
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Percent Increase
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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 $5,079 $287,743 -- --
2024 $5,424 $261,585 -- --
2023 $5,424 $237,805 $0 $0
2022 $4,192 $216,187 $0 $0
2021 $3,795 $196,534 $0 $0
2020 $4,136 $213,624 $0 $0
2019 $4,600 $237,360 $0 $0
2018 $4,745 $252,324 $0 $0
2017 $4,805 $252,324 $0 $0
2016 $5,763 $296,700 $0 $0
2015 $5,721 $283,800 $0 $0
2014 $5,242 $258,000 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/20/2025 11/20/25 For Sale $335,000 +30.6% $649 / Sq Ft
08/24/2018 08/24/18 Sold $256,500 -4.6% $497 / Sq Ft View Prior Sale
08/03/2018 08/03/18 Pending -- -- --
07/30/2018 07/30/18 For Sale $269,000 -- $521 / Sq Ft
Source: MIAMI REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Attorney
Warranty Deed $265,000 Highpoint Title & Escrow Llc
Warranty Deed $255,000 Hartford Title & Escrow Llc
Deed In Lieu Of Foreclosure $280,000 Attorney
Special Warranty Deed $640,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $448,000 Fannie Mae Freddie Mac
Source: Public Records

Source: MIAMI REALTORS® MLS

MLS Number: A11917877

MIAMI REALTORS® MLS

APN: 02-4203-302-0080

Florida Miami/Dade County Miami Beach 33139 Lummus Park

1024 Ocean Dr Unit A502, Miami Beach, FL

For Sale

Condos

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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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Anna Lunicheva
Listing Agent
Anna Lunicheva
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Lokation
(786) 838-4292