$411,000 - $516,000
RENTED JAN 31, 2025

Ocean Point Condominium 345 Ocean Dr Unit 507 Miami Beach, FL 33139

South Pointe Neighborhood
1 Bed
1 Bath
656 Sq Ft
1970 Built

Last Sold November 30, 2023

Last sale price $390,000 $595 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,023/month

Highlights

  • Ocean Front
  • Fitness Center
  • Intercom to Front Desk
  • South Pointe Elementary School Rated A-
  • Gated with Attendant
  • 3-minute walk to Marjory Stoneman Douglas Park

About This Home

As of January 2025

Welcome to your new oasis in South Beach. This exquisite unit offers a blend of comfort and style, perfect for those seeking a vibrant oceanfront lifestyle. 1Bed + 1 Enclosed Den w/murphy bed, 1Bath, thoughtfully designed to maximize space and functionality. Completely redone. Open-concept living area bathed in natural light, creating a warm and inviting atmosphere. Enjoy serene water views from the balcony, a perfect spot for morning coffee or evening relaxation. The kitchen is equipped with modern appliances, and the convenience of in-unit laundry to the ease of living and it is Furnished. Located in South of 5th, which offers a unique opportunity to experience the best of a beach lifestyle. Make this exceptional unit your new home.

Last Agent to Rent the Property

Elaine Kauffman

Compass Florida, LLC License #3282736 Listed on: 01/13/2025

Compass Florida, LLC

Last Renter's Agent

Elaine Kauffman

Compass Florida, LLC License #3282736 Listed on: 01/13/2025

Compass Florida, LLC

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,868

Year Built

  • Built in 1970

Lot Details

  • South Facing Home

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 656 Sq Ft Home
  • Furnished
  • Blinds
  • Sliding Windows
  • Family Room
  • Den
  • Ceramic Tile Flooring

Kitchen

  • Built-In Oven
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Trash Compactor

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Above Ground Pool
  • Property has ocean access

Utilities

  • Central Heating

Listing and Financial Details

  • Property Available on 1/12/25
  • Assessor Parcel Number 02-42-03-118-0710

Community Details

Overview

  • No Home Owners Association
  • Ocean Point Condo
  • Ocean Point Condo,Ocean Point Subdivision
  • Maintained Community
  • 12-Story Property

Amenities

  • Intercom to Front Desk

Recreation

  • Fitness Center

Pet Policy

  • Breed Restrictions

Security

  • Gated with Attendant
  • Resident Manager or Management On Site
  • Card or Code Access
  • Complex Is Fenced
  • Impact Glass
  • Fire Sprinkler System

Condo Details

Home Type

Condominium

Est. Annual Taxes

$6,868

Year Built

Built in 1970

Lot Details

0

Rental Info

  • Pets Allowed: No, Restrictions Or Possible Restrictions
  • Available Date: 2025-01-12

Listing Details

  • Property Type: Residential Lease
  • Year Built: 1970
  • Property Sub Type: Condominium
  • Entry Level: 5
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Building Stories: 12
  • Structure Type: Condo/Co-Op/Annual, Condo
  • Subdivision Name: OCEAN POINT CONDO,Ocean Point
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: No
  • ResoPropertyType: ResidentialLease
  • Special Features: VirtualTour
  • Stories: 12

Interior Features

  • Appliances: Trash Compactor, Dishwasher, Dryer, Ice Maker, Microwave, Electric Range, Wall Oven, Washer
  • Interior Amenities: Fire Sprinklers, Den/Library/Office, Family Room
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Ceramic Floor
  • Furnished: Furnished
  • Living Area: 656
  • Other Equipment: Elevator
  • Stories: 12
  • Window Features: Blinds, Impact Glass, Sliding
  • Bedroom Features: Entry Level
  • Living Room Features: Den/Library/Office, Family Room

Exterior Features

  • View: Ocean, Other
  • Construction Type: CBS Construction
  • Direction Faces: South
  • Pool Features: Above Ground
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: OCEAN POINT CONDO

Utilities

  • Sewer: Sewer
  • Heating: Central
  • Heating Yn: Yes
  • Security: Fire Sprinklers, Key Card Entry, Building Security, Complex Fenced, Intercom In Lobby, Security Patrol

Condo/Co-op/Association

  • Amenities: Community Pool, Exercise Room, Guard At Gate, Maintained Community, Management On Site
  • Association: No

Lot Info

  • Parcel Number: 02-42-03-118-0710
  • Land Lease Amount Frequency: Annually
  • Zoning: 4900
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2023
Closed on
Nov 30, 2023
Sold by
Rivero Amarlette and Toledo Nery L
Bought by
Now Better Llc
Seller's Agent
Elaine Kauffman
Compass Florida, LLC
Buyer's Agent
Elaine Kauffman
Compass Florida, LLC
List Price
$415,000
Sold Price
$390,000
Premium/Discount to List
-$25,000
-6.02%
Views
127
Current Estimated Value
$449,853

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,853
Avg. Annual Appreciation
13.26%
Original Mortgage
$273,000
Outstanding Balance
$268,932
Interest Rate
7.79%
Mortgage Type
New Conventional
Estimated Equity
$214,833

Purchase Details

Closed on
Jun 3, 2017
Sold by
Toledo Nery L and Rivero Amarlette
Bought by
Toledo Nery L

Purchase Details

Closed on
Aug 15, 2012
Sold by
Toledo Nery L
Bought by
Toledo Nery L and Rivero Amarlette
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Now Better Llc $390,000 None Listed On Document
Toledo Nery L -- None Available
Toledo Nery L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Now Better Llc $273,000
Previous Owner Toledo Nery L $116,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2025 01/31/25 Rented $4,000 +9.6% --
01/20/2025 01/20/25 Under Contract -- -- --
01/13/2025 01/13/25 For Rent $3,650 0.0% --
11/30/2023 11/30/23 Sold $390,000 -6.0% $595 / Sq Ft
10/01/2023 10/01/23 Pending -- -- --
08/18/2023 08/18/23 For Sale $415,000 -- $633 / 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 $6,868 $365,491 -- --
2024 $1,078 $365,491 -- --
2023 $1,078 $128,456 $0 $0
2022 $997 $289,246 $0 $0
2021 $5,319 $275,472 $0 $0
2020 $948 $119,412 $0 $0
2019 $899 $116,728 $0 $0
2018 $817 $114,552 $0 $0
2017 $797 $112,196 $0 $0
2016 $784 $109,889 $0 $0
2015 $796 $109,126 $0 $0
2014 $812 $108,260 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Elaine Kauffman

    Landlord's Agent in 2025

    Elaine Kauffman

    Compass Florida, LLC

    (786) 477-3500

    1 in this area

    23 Total Sales

    Elaine Kauffman
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About Ocean Point Condominium

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11722799

MIAMI REALTORS® MLS

APN: 02-4203-118-0710

Florida Miami/Dade County Miami Beach 33139 South Pointe

345 Ocean Dr Unit 507, Miami Beach, FL

This home is located at 345 Ocean Dr Unit 507, Miami Beach, FL 33139 since 13 January 2025 and is currently priced at $449,853. This property was built in 1970. 345 Ocean Dr Unit 507 is a home located in Miami-Dade County with nearby schools including South Pointe Elementary School, Nautilus Middle School, and Miami Beach Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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