$390,000
$67K PRICE DROP

Estimated payment $4,131/month

Total Views 4,003
1 Bed
1 Bath
475 Sq Ft
$821 Price per Sq Ft

Highlights

  • Ocean Front
  • Vaulted Ceiling
  • Furnished
  • Sitting Area In Primary Bedroom
  • Garden View
  • 2-minute walk to Lummus Park

About This Home

BUILT IN 2005. Experience the best of Ocean Drive in this spacious unit at The Strand, a prime short-term rental opportunity with no rental restrictions! This modern, fully furnished unit has a balcony to enjoy the ocean breeze. Enjoy the rooftop pool with stunning ocean and city skyline views. The property is privately managed; you can opt into the hotel program for added convenience. The front desk provides check-in/check-out services at no charge, ensuring a smooth experience for owners and guests. The maintenance fee covers the A/C, electricity, cable TV, and internet, offering worry-free ownership. Located directly across from the world-famous beach and Lummus Park, this unit is fully licensed for vacation rentals. A rare find in the heart of South Beach and a return on investment!

Listing Agent

Silvia Icaza

BHHS EWM Realty License #3072092 Listed on: 03/09/2025

BHHS EWM Realty

Co-Listing Agent

Daniel Arteaga

BHHS EWM Realty License #3409312

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,445

Year Built

  • Built in 2005

Lot Details

  • Ocean Front
  • Southeast Facing Home

HOA Fees

  • $1,556 Monthly HOA Fees

Home Design

  • Condo Hotel
  • Concrete Block And Stucco Construction

Interior Spaces

  • 475 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Vaulted Ceiling
  • Blinds
  • Combination Dining and Living Room
  • Garden Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • Sitting Area In Primary Bedroom
  • 1 Full Bathroom
  • Bathtub and Shower Combination in Primary Bathroom
  • Bathtub

Home Security

Parking

  • On-Street Parking
  • Open Parking

Additional Features

  • Balcony
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-302-0560

Community Details

Overview

  • The Strand On Ocean Drive Condos
  • The Strand On Ocean Drive Subdivision

Recreation

  • Community Pool

Pet Policy

  • Breed Restrictions

Security

  • Card or Code Access
  • Walled
  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,445

Year Built

Built in 2005

Lot Details

0

HOA Fees

$1,556 per month

Listing Details

  • Property Type: Residential
  • Year Built: 2005
  • Ownership: Corporation
  • Property Sub Type: Condominium
  • Co List Office Mls Id: EWM 41
  • Co List Office Phone: 305-937-2003
  • Entry Level: 2
  • 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: Condo-Hotel
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Microwave, Electric Range, Refrigerator
  • Interior Amenities: Volume Ceilings
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Door Features: High Impact Doors
  • Flooring: Tile, Vinyl
  • Furnished: Furnished, Turn Key Furnished
  • Living Area: 475
  • Stories: 2
  • Window Features: Clear Impact Glass, Complete Impact Glass, Blinds, High Impact Windows, Impact Glass
  • Bedroom Features: Entry Level, Primary Bath Tub, Sitting Area - Primary Bedroom
  • Dining Room Features: Dining/Living Room
  • Master Bathroom Features: Combination Tub & Shower

Exterior Features

  • View: Garden View
  • Exterior Features: Exterior Cat Walk, Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: Southeast
  • 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
  • Open Parking: Yes
  • Parking Features: Other, On Street

Utilities

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

Condo/Co-op/Association

  • Association Fee: 1556
  • Amenities: Pool
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-42-03-302-0560

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 5445

Map

Range of Values:

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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 $5,445 $313,500 -- --
2024 $5,430 $289,750 -- --
2023 $5,430 $287,375 $0 $0
2022 $5,186 $275,984 $0 $0
2021 $5,075 $262,841 $0 $0
2020 $4,846 $250,325 $0 $0
2019 $4,851 $250,325 $0 $0
2018 $5,011 $266,475 $0 $0
2017 $4,927 $254,225 $0 $0
2016 $5,093 $231,114 $0 $0
2015 $4,950 $210,104 $0 $0
2014 $4,441 $191,004 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2025 09/03/25 Price Changed $390,000 -14.7% $821 / Sq Ft
03/09/2025 03/09/25 For Sale $457,000 +60.4% $962 / Sq Ft
07/20/2018 07/20/18 Sold $285,000 -4.7% $600 / Sq Ft
07/03/2018 07/03/18 Pending -- -- --
10/12/2017 10/12/17 Price Changed $299,000 -6.3% $629 / Sq Ft
08/21/2017 08/21/17 For Sale $319,000 -- $672 / Sq Ft
Source: MIAMI REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $285,000 Attorney
Special Warranty Deed $355,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $50,000 Credit Line Revolving
Previous Owner $266,250 Fannie Mae Freddie Mac
Source: Public Records

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Source: MIAMI REALTORS® MLS

MLS Number: A11759641

MIAMI REALTORS® MLS

APN: 02-4203-302-0560