RENTED FEB 26, 2026

Estimated Value: $937,000 - $1,434,000

2 Beds
1 Bath
500 Sq Ft
1970 Built

Highlights

  • Ocean Front
  • Fitness Center
  • Intercom to Front Desk
  • South Pointe Elementary School Rated 9+
  • Security Service
  • 3-minute walk to Marjory Stoneman Douglas Park

About This Home

As of February 2026

Live in this oceanfront Studio with Spectacular Sunrise, Sunset & Moonrise Views on Iconic Ocean Drive's South of Fifth. Experience breathtaking sunrises, sunsets, & moonrises from this oceanfront studio, complete with a private balcony perfect for enjoying a morning coffee or a glass of wine. Located on the 4th floor near the elevator, this open-layout home offers comfort, convenience, and unbeatable views. The kitchen features a newly installed built-in oven, air fryer, and microwave, along with an eat-in counter for casual dining. A Murphy bed maximizes living space, and two generous closets provide excellent storage. The building is nearing completion of its renovation and includes upgraded security, a pool, & a sundeck. There is direct beach access & comes with free use of a beach umbrella. Plus a gated parking space.

Last Agent to Rent the Property

Allison Cotter

Live Work Play Miami Group, LLC. License #0599923 Listed on: 12/02/2025

Last Renter's Agent

Michele Colson

Gary Hennes Realtors License #0688677

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 1970

Parking

  • 1 Car Garage
  • Automatic Garage Door Opener
  • Parking Garage Space
  • Secure Parking

Home Design

  • Entry on the 4th floor
  • Studio

Interior Spaces

  • 500 Sq Ft Home
  • Partially Furnished
  • Combination Dining and Living Room
  • Tile Flooring
  • Laundry Room

Kitchen

  • Electric Range
  • Microwave

Bedrooms and Bathrooms

  • Studio bedroom
  • Walk-In Closet
  • 1 Full Bathroom

Home Security

Outdoor Features

  • In Ground Pool
  • Property has ocean access
  • Patio
  • Exterior Lighting
  • Porch

Schools

  • South Pointe Elementary School
  • Nautilus Middle School
  • Miami Beach High School

Additional Features

  • Central Heating and Cooling System

Listing and Financial Details

  • Property Available on 12/2/25
  • More Than 1 Year Lease Term
  • Assessor Parcel Number 02-42-03-120-0540

Community Details

Overview

  • No Home Owners Association
  • The Presidential Condo
  • The Presidential Condo Subdivision
  • 9-Story Property

Amenities

  • Community Center
  • Laundry Facilities
  • Intercom to Front Desk
  • Elevator

Recreation

  • Fitness Center

Pet Policy

  • No Pets Allowed

Security

  • Security Service
  • Resident Manager or Management On Site
  • Card or Code Access
  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Condo Details

Home Type

Condominium

Year Built

Built in 1970

Lot Details

0 Sq Ft Lot

Parking

1

Rental Info

  • Pets Allowed: No
  • Available Date: 2025-12-02
  • Lease Term: More Than 1 Year

Listing Details

  • Property Type: Residential Lease
  • Year Built: 1970
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Entry Level: 4
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • Lease Assignable: No
  • New Construction: No
  • Building Stories: 9
  • Structure Type: Condo/Co-Op/Annual, Condo
  • Subdivision Name: THE PRESIDENTIAL CONDO
  • Year Built Details: Effective Year Built
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: No
  • LastStatus: Pending
  • CurrentPrice: 2999
  • InternetRemarks: Direct ocean views, balcony, pool. Walk-in closet, central AC, and gate parking. Comes with a Murphy bed. Available now.
  • ShowingTimeFlag: No
  • Special Features: VirtualTour
  • Stories: 9

Interior Features

  • Appliances: Microwave, Electric Range, Refrigerator
  • Interior Amenities: First Floor Entry, Walk-In Closet(s), Studio Apartment
  • Spa Yn: No
  • Full Bathrooms: 1
  • Door Features: High Impact Doors
  • Flooring: Tile
  • Furnished: Partially
  • Living Area: 500
  • Other Equipment: Automatic Garage Door Opener, Elevator
  • Stories: 9
  • Window Features: Clear Impact Glass, High Impact Windows
  • Bedroom Features: Entry Level, Studio
  • Dining Room Features: Dining/Living Room
  • Living Room Features: Laundry, Studio Apartment

Exterior Features

  • Roof: Other
  • View: Ocean
  • Exterior Features: Lighting, Open Balcony
  • Construction Type: Other
  • Patio And Porch Features: Porch/Balcony, Open Balcony, Patio
  • Pool Features: In Ground, Community
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: THE PRESIDENTIAL CONDO
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Parking Garage

Utilities

  • Sewer: Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Laundry Room
  • Security: Smoke Detector, Key Card Entry, Building Security, Intercom In Lobby, Key/Card Entry Parking

Condo/Co-op/Association

  • Amenities: Activity Room, Community Pool, Elevator(s), Exercise Room, Laundry Facility, Management On Site
  • Association: No
  • Community Features: Exercise Room, Laundry Facilities, Management On Site, Security Patrol

Schools

  • Elementary School: South Pointe
  • High School: Miami Beach
  • Middle Or Junior School: Nautilus

Lot Info

  • Parcel Number: 02-42-03-120-0540
  • Land Lease: No
  • Land Lease Amount Frequency: Monthly
  • Zoning: 4900

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 30, 2000
Sold by
Mandelstam Alan R and Mandelstam Carol
Bought by
Mandelstam Alan R and Mandelstam Carol
Current Estimated Value
$1,253,600
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mandelstam Alan R $41,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/26/2026 02/26/26 Rented $2,999 0.0% --
02/17/2026 02/17/26 Under Contract -- -- --
01/10/2026 01/10/26 Price Changed $2,999 -11.8% $6 / Sq Ft
12/10/2025 12/10/25 Price Changed $3,400 -5.6% $7 / Sq Ft
12/02/2025 12/02/25 For Rent $3,600 +20.0% --
12/30/2023 12/30/23 Rented $2,999 0.0% --
12/22/2023 12/22/23 Under Contract -- -- --
11/14/2023 11/14/23 Price Changed $2,999 -16.7% $6 / Sq Ft
10/31/2023 10/31/23 For Rent $3,600 -- --
Source: MIAMI REALTORS® MLS

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 $20,478 $1,089,742 -- --
2024 $20,322 $1,089,742 -- --
2023 $20,322 $1,067,552 $0 $0
2022 $18,368 $970,502 $0 $0
2021 $17,107 $882,275 $0 $0
2020 $15,869 $850,000 $0 $0
2019 $14,994 $850,000 $0 $0
2018 $13,751 $736,516 $0 $0
2017 $13,739 $712,737 $0 $0
2016 $7,633 $433,543 $0 $0
2015 $7,729 $430,530 $0 $0
2014 $7,861 $427,114 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11922296

MIAMI REALTORS® MLS

APN: 02-4203-120-0540

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