$30K PRICE DROP
RENTED JUL 18, 2025
Ocean Point Condominium 345 Ocean Dr Unit 407 Miami Beach, FL 33139
South Pointe NeighborhoodEstimated payment $3,571/month
Total Views
3,108
1
Bed
1
Bath
656
Sq Ft
$602
Price per Sq Ft
Highlights
- Ocean Front
- Balcony
- Open Patio
- South Pointe Elementary School Rated A-
- Walk-In Closet
- 3-minute walk to Marjory Stoneman Douglas Park
About This Home
INVESTOR SPECIAL – Prime South of Fifth investment opportunity in one of South Beach’s most desirable locations! Spacious 1 bed/1 bath with strong tenant in place, ample closet space, central AC, new impact windows and sliding door, plus a larger corner balcony with stunning ocean views. Building upgrades include 24-hr security, concrete restoration, new balconies, waterproofing, exterior paint, new heated waterfront pool, elevators, roof, and gym. Ongoing improvements include entrance, lobby, hallways, and beachfront pergola/BBQ area. Steps from the ocean, South Pointe Park, and top dining like Carbone, Joe’s Stone Crab, and Prime 112. Seller to pay all assessments at closing. Washer/dryer on every floor. Street parking available with a City of Miami Beach residential permit.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $6,630
Year Built
- Built in 1970
Lot Details
- Southeast Facing Home
HOA Fees
- $883 Monthly HOA Fees
Interior Spaces
- 656 Sq Ft Home
- Combination Dining and Living Room
- Ceramic Tile Flooring
Kitchen
- Gas Range
- Dishwasher
Bedrooms and Bathrooms
- 1 Main Level Bedroom
- Walk-In Closet
- 1 Full Bathroom
Outdoor Features
- Property has ocean access
- Open Patio
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 02-42-03-118-0460
Community Details
Overview
- Association fees include cable TV, sewer, trash, water
- Ocean Point Condo Subdivision
- 1-Story Property
Amenities
- Elevator
Map
About Ocean Point Condominium
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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 | $6,630 | $362,793 | -- | -- |
| 2024 | $6,103 | $347,403 | -- | -- |
| 2023 | $6,103 | $315,821 | $0 | $0 |
| 2022 | $5,395 | $287,110 | $0 | $0 |
| 2021 | $5,280 | $273,438 | $0 | $0 |
| 2020 | $5,572 | $287,830 | $0 | $0 |
| 2019 | $5,213 | $269,000 | $0 | $0 |
| 2018 | $5,162 | $282,800 | $0 | $0 |
| 2017 | $5,019 | $245,342 | $0 | $0 |
| 2016 | $4,859 | $223,039 | $0 | $0 |
| 2015 | $4,719 | $202,763 | $0 | $0 |
| 2014 | $3,745 | $184,330 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/18/2025 07/18/25 | Rented | $2,300 | -9.8% | -- |
| 07/16/2025 07/16/25 | Under Contract | -- | -- | -- |
| 07/03/2025 07/03/25 | Price Changed | $2,550 | 0.0% | $4 / Sq Ft |
| 06/05/2025 06/05/25 | Price Changed | $395,000 | 0.0% | $602 / Sq Ft |
| 05/08/2025 05/08/25 | For Rent | $2,700 | 0.0% | -- |
| 04/08/2025 04/08/25 | For Sale | $425,000 | 0.0% | $648 / Sq Ft |
| 02/20/2019 02/20/19 | Rented | $1,500 | 0.0% | -- |
| 12/01/2018 12/01/18 | Price Changed | $1,500 | -4.8% | $2 / Sq Ft |
| 11/19/2018 11/19/18 | Price Changed | $1,575 | -4.5% | $2 / Sq Ft |
| 10/06/2018 10/06/18 | For Rent | $1,650 | +10.0% | -- |
| 08/02/2017 08/02/17 | Rented | $1,500 | -4.8% | -- |
| 07/31/2017 07/31/17 | Under Contract | -- | -- | -- |
| 06/20/2017 06/20/17 | Price Changed | $1,575 | -1.6% | $2 / Sq Ft |
| 06/09/2017 06/09/17 | For Rent | $1,600 | -- | -- |
Source: BeachesMLS (Greater Fort Lauderdale)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Attorney | |
| Warranty Deed | $75,000 | None Available | |
| Warranty Deed | $178,000 | Gibraltar Title & Escrow Co | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $85,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $133,000 | Unknown | |
| Previous Owner | $85,500 | New Conventional | |
| Previous Owner | $63,750 | No Value Available |
Source: Public Records
Similar Homes in Miami Beach, FL
Source: BeachesMLS (Greater Fort Lauderdale)
MLS Number: F10495589
APN: 02-4203-118-0460
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