$290,000
SOLD MAY 8, 2025
1 Bed
1 Bath
413 Sq Ft
$1,417/mo HOA Fee

Recently Sold

$702 Per Sq Ft

9% Below List Price

64 Days on Market

Highlights

  • Waterfront
  • Community Pool
  • Card or Code Access
  • Furnished
  • Views
  • 2-minute walk to Lummus Park

About This Home

As of May 2025

Prime investment opportunity just steps from the beach and ocean! This short-term rental-friendly property allows Airbnb with no restrictions and no hotel program—you can manage it yourself or hire any third-party company. Front desk check-in service is included in the maintenance fee, with no extra charges to guests. Boasting an 85% average occupancy year-round, it’s a hassle-free, high-return investment. Fully furnished and licensed for vacation rentals, with a rooftop pool and all utilities included. Unique design upgrades can increase returns even further.

Last Agent to Sell the Property

Irina Dyagleva

Vera Realty LLC License #3265193 Listed on: 02/09/2025

Vera Realty LLC

Last Buyer's Agent

Anna Myakshina

Keller Williams Realty Miami Beach License #3328821

Keller Williams Realty Miami Beach

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,634

Year Built

  • Built in 1936

Lot Details

  • Waterfront

HOA Fees

  • $1,417 Monthly HOA Fees

Home Design

  • Condo Hotel

Interior Spaces

  • 413 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Property Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Home Security

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-302-0400

Community Details

Overview

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

Recreation

  • Community Pool

Pet Policy

  • No Pets Allowed

Security

  • Card or Code Access
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,634

Year Built

Built in 1936

Lot Details

0

HOA Fees

$1,417 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1936
  • Property Sub Type: Condominium
  • Entry Level: 2
  • 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: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Microwave, Electric Range, Refrigerator
  • Interior Amenities: Other
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Furnished: Furnished
  • Living Area: 413
  • Possible Use: Investment
  • Stories: 3
  • Bedroom Features: Other

Exterior Features

  • View: Other View
  • Exterior Features: None, Other
  • Construction Type: Other
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Waterfront
  • Waterfront: Yes

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes
  • Security: Smoke Detector, Card Entry

Condo/Co-op/Association

  • Association Fee: 1417
  • Amenities: Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-42-03-302-0400
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: No

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 4634

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2025
Closed on
May 8, 2025
Sold by
1036 Ocean Invest Llc
Bought by
Ecm2 South Beach Luxe Llc
Seller's Agent
Irina Dyagleva
Vera Realty LLC
Buyer's Agent
Anna Myakshina
Keller Williams Realty Miami Beach
List Price
$319,000
Sold Price
$290,000
Premium/Discount to List
-$29,000
-9.09%
Views
347
Current Estimated Value
$314,179

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,179
Avg. Annual Appreciation
28.44%

Purchase Details

Closed on
Sep 25, 2019
Sold by
Jindal Gorav and Jindal Sohini
Bought by
1036 Ocean Invest Llc

Purchase Details

Closed on
Oct 12, 2005
Sold by
Ocean Blvd Llc
Bought by
Jindal Gorav and Jindal Sohini

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$376,000
Interest Rate
7.7%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $290,000 Garden Title
Warranty Deed $290,000 Garden Title
Warranty Deed $271,600 Clear Title Services Inc
Special Warranty Deed $470,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $50,000 Stand Alone Second
Previous Owner $376,000 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2025 05/08/25 Sold $290,000 -6.5% $702 / Sq Ft
04/14/2025 04/14/25 Pending -- -- --
04/07/2025 04/07/25 Price Changed $310,000 -1.6% $751 / Sq Ft
04/02/2025 04/02/25 Price Changed $315,000 -0.6% $763 / Sq Ft
03/20/2025 03/20/25 Price Changed $317,000 -0.6% $768 / Sq Ft
02/09/2025 02/09/25 For Sale $319,000 -- $772 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

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 $4,634 $263,195 -- --
2024 $4,396 $239,269 -- --
2023 $4,396 $217,518 $0 $0
2022 $3,716 $197,744 $0 $0
2021 $3,818 $197,744 $0 $0
2020 $4,254 $219,716 $0 $0
2019 $4,475 $231,280 $0 $0
2018 $4,189 $246,148 $0 $0
2017 $3,794 $190,668 $0 $0
2016 $3,837 $173,335 $0 $0
2015 $3,730 $157,578 $0 $0
2014 $3,415 $143,253 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11741696

MIAMI REALTORS® MLS

APN: 02-4203-302-0400