1024 Ocean Drive #A305, Miami Beach, FL, 33139
About This Home
Rare opportunity to own a beautifully renovated, fully furnished oversized studio in one of South Beach's most desirable condo-hotels. Comfortably accommodates up to 6 guests, making it an outstanding income-producing property.No rental restrictions, daily, weekly, monthly, or long-term rentals are all allowed, offering maximum flexibility and exceptional investment potential. Guests will love the prime beachfront location, the spectacular rooftop pool with breathtaking ocean views, and the convenience of a 24/7 attended lobby for seamless check-ins at any time.Turnkey and ready to generate income from day one. Ideal for investors, vacation home buyers, or anyone looking for a property in the heart of South Beach with unbeatable short-term rental potential. No washer/dryer inside the unit.
Getting Around
Walker's Paradise
Good Transit
Very BikeableSchools
Construction
Condition
- Year built: 1964
Materials
- Construction materials: Block
Type & Style
- Home type: Condo
- Architectural style: Other
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Electric Range,Microwave,Refrigerator
Bedrooms & Bathrooms
- Bathrooms: 1
- Full bathrooms: 1
Features
- Bathtub,Elevator,Soaking Tub
- Flooring: Laminate
Heating & Cooling
- Heating features: None
- Cooling features: Central Air
Interior Area
- Total structure area: 480
- Total interior livable area: 480 sqft
Property
Details
- Parcel number: 0242033020180
Features
- Pool features: Association
- Patio & porch: Open,Balcony
- Exterior features: Balcony,Outdoor Living Area
- Has view: Yes
- View description: Other
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Coastal Flooding
- Heat Wave
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Miami-Dade County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,516 | $18,192 |
| Home Insurance * | $5 | $60 |
| Property Taxes | $467 | $5,604 |
| Electricity | $197 | $2,366 |
| Total | $2,185 | $26,220 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-30 | Listed for sale | $300,000 |
| 2022-06-10 | Sold | $355,000 |
| 2022-05-20 | Contingent | $379,000 |
| 2022-05-08 | Listed for sale | $379,000 |
| 2021-06-14 | Listing removed | -- |
| 2021-02-10 | Listing removed | $285,000 |
| 2021-01-25 | Pending sale | $285,000 |
| 2021-01-18 | Price change | $285,000 |
| 2020-10-29 | Price change | $299,000 |
| 2020-06-08 | Listed for sale | $309,000 |
| 2016-04-01 | Listing removed | $299,000 |
| 2015-09-09 | Listed for sale | $299,000 |
| 2006-04-05 | Sold | $295,400 |
View on Zillow