$267,000

Estimated payment $2,629/month

Total Views 2,828
-- Bed
1 Bath
400 Sq Ft
$668 Price per Sq Ft

Highlights

  • Ocean View
  • Property has ocean access
  • End Unit
  • South Pointe Elementary School Rated 9+
  • Waterfront
  • 1-minute walk to Washington Dog Park & Annex

About This Home

Studio on iconic Ocean Dr. in the highly desirable South of Fifth neighborhood. Steps from world-class dining, nightlife, shopping, parks, and directly across from the beach. Excellent income-producing opportunity—currently rented at $1,800/month. Rentals allowed immediately after purchase (no short-term/Airbnb). Building offers covered parking (spaces rented via HOA) and has recently completed its 40-year recertification. No pets. Quarterly maintenance. Owner has two additional units for sale, including one next door. Showings Mon–Fri, 10am–6pm, with 24hr notice. Call owner/agent for showing.

Listing Agent

Martin Urruela

Marela Properties, LLC License #3258808 Listed on: 09/15/2025

Property Details

Home Type

  • Co-Op

Est. Annual Taxes

  • $3,141

Year Built

  • Built in 1961

Lot Details

  • Waterfront
  • End Unit

HOA Fees

  • $981 Monthly HOA Fees

Property Views

  • Ocean
  • Skyline
  • Garden

Home Design

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

Interior Spaces

  • 400 Sq Ft Home
  • 4-Story Property
  • Ceramic Tile Flooring
  • High Impact Door
  • Gas Range

Bedrooms and Bathrooms

  • Studio bedroom
  • 1 Full Bathroom

Parking

  • Covered Parking
  • Secured Garage or Parking

Outdoor Features

  • Property has ocean access
  • Exterior Lighting
  • Porch

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-077-0210

Community Details

Overview

  • 21 Units
  • Low-Rise Condominium
  • Ocean Towers Condos
  • Ocean Beach Fla Sub Subdivision

Amenities

  • Community Center
  • Party Room
  • Laundry Facilities

Pet Policy

  • No Pets Allowed

Security

  • Secure Elevator
  • Complex Is Fenced

Property Details

Home Type

Co-Op

Est. Annual Taxes

$3,141

Year Built

Built in 1961

Lot Details

0

HOA Fees

$981 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1961
  • Property Sub Type: Stock Cooperative
  • Architectural Style: Corner Unit
  • Entry Level: 4
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Co-Op 1-4 Stories, Co-Op
  • Subdivision Name: OCEAN BEACH FLA SUB
  • Year Built Details: Effective Year Built
  • MIAMIRE_PetsAllowedYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • CurrentPrice: 267000
  • InternetRemarks: South of 5th studio on Ocean Dr, across from the beach. Income producing unit. Rents for $1800. Covered parking. Building has 40 year recertification.
  • ShowingTimeFlag: No
  • Special Features: VirtualTour

Interior Features

  • Appliances: Gas Range, Refrigerator
  • Interior Amenities: First Floor Entry
  • Full Bathrooms: 1
  • Door Features: High Impact Doors
  • Flooring: Ceramic Floor
  • Furnished: Unfurnished
  • Living Area: 400
  • Stories: 4
  • Bedroom Features: Studio

Exterior Features

  • View: Garden View, Ocean View, Skyline
  • Exterior Features: Exterior Cat Walk
  • Construction Type: CBS Construction
  • Patio And Porch Features: Open Porch
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Ocean Towers
  • Parking Features: Covered, Parking-Under Building, Space Rented

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Window/Wall
  • Heating Yn: Yes
  • Laundry Features: Common Area
  • Security: Complex Fenced, Elevator Secure, Secured Garage/Parking

Condo/Co-op/Association

  • Association Fee: 2943
  • Amenities: Laundry, Community Room, Elevator(s), Exterior Lighting
  • Association Fee Frequency: Quarterly
  • Association: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 02-42-03-077-0210

Rental Info

  • Pets Allowed: No

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 3141

Multi Family

  • Number Of Units In Community: 21
  • Number Of Units Total: 21

Map

Range of Values:

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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 $3,272 $174,116 -- --
2024 $3,180 $174,116 -- --
2023 $3,180 $165,110 $0 $0
2022 $2,820 $150,100 $0 $0
2021 $2,898 $150,100 $0 $0
2020 $3,059 $158,000 $0 $0
2019 $3,062 $158,000 $0 $0
2018 $2,973 $158,086 $0 $0
2017 $3,010 $158,086 $0 $0
2016 $3,071 $158,086 $0 $0
2015 $2,822 $142,420 $0 $0
2014 $2,894 $142,420 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/15/2025 09/15/25 For Sale $267,000 0.0% $668 / Sq Ft
11/28/2024 11/28/24 Rented $1,800 -2.7% --
10/31/2024 10/31/24 Under Contract -- -- --
10/16/2024 10/16/24 Price Changed $1,850 -2.6% $5 / Sq Ft
09/11/2024 09/11/24 For Rent $1,900 +46.2% --
06/01/2020 06/01/20 Rented $1,300 -6.8% --
04/05/2020 04/05/20 For Rent $1,395 +7.3% --
12/01/2019 12/01/19 Rented $1,300 -3.3% --
09/26/2019 09/26/19 Price Changed $1,345 -2.2% $3 / Sq Ft
09/11/2019 09/11/19 Price Changed $1,375 -1.8% $3 / Sq Ft
08/01/2019 08/01/19 For Rent $1,400 0.0% --
09/20/2017 09/20/17 Rented $1,400 0.0% --
08/09/2017 08/09/17 For Rent $1,400 0.0% --
10/20/2015 10/20/15 Sold $200,000 -5.7% $500 / Sq Ft View Prior Sale
09/15/2015 09/15/15 Pending -- -- --
09/10/2015 09/10/15 For Sale $212,000 -- $530 / Sq Ft
Source: MIAMI REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Deed $200,000 --
Deed $100 --
Deed $100 --
Source: Public Records

Source: MIAMI REALTORS® MLS

MLS Number: A11883830

MIAMI REALTORS® MLS

APN: 02-4203-077-0210

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