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401 Ocean Dr # 1001, Miami Beach FL 33139

Condo/Co-op For Sale
$499,000

BTC: 5.82127858

ETH: 188.30188679

-$26K (2026/09/18)
73 days
Waterfront
1 bds
1 ba
667 sqft

Overview

South of Fifth. Oceanfront. Sunset Views. Welcome to 401 Ocean Drive, an exceptional opportunity to own in South of Fifth (SoFi)—Miami Beach's most coveted neighborhood. Perched on the 10th floor, this west-facing one-bedroom, one-bath residence offers breathtaking sunset and skyline views, filling the home with warm golden light each evening. Located directly on the sand, this oceanfront building sits along one of the most famous beaches in the world and adjacent to iconic Lummus Park, where miles of beachfront walking and biking paths are just outside your door. From morning coffee by the ocean to evening sunsets from your private balcony, every day feels like a vacation. SoFi is renowned for its walkability, luxury lifestyle, and world-class dining. Just moments away are celebrated restaurants including Joe's Stone Crab, Prime 112, Carbone, and Smith & Wollensky, along with South Pointe Park, the marina, and the vibrant energy of Ocean Drive. Whether you're looking for a primary residence, vacation home, or investment property, this residence offers an unbeatable combination of location, lifestyle, and value. At $525,000, this is one of the best opportunities to own an oceanfront property in South of Fifth—where luxury living, endless sunsets, and the best of Miami Beach come together.

Location

Details

Type:
Residential
Parking:
1 Space
Year Built:
1970
Lot:
No Data
Heating:
Central
Price/sqft:
$748
Cooling:
Electric
HOA:
$1,163

Valuation

Our model vs. what's actually selling nearby.
Estimate
$317,000
$210K – $504K
Confidence Low
List vs. estimate
$182K above estimate
List $499,000 · +57.4%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$748
+23.8% vs. city median $604
Based on
732 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $2.3M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$6,478
2025
HOA
$1,163/mo
View
Bay, Intracoastal View
Waterfront
Ocean Front
Garage
1 car garage
All facts and features
  • Flooring

    • Ceramic Floor

    Heating

    • Central

    Cooling

    • Electric

    Appliances

    • Dishwasher

    • Electric Range

    • Electric Water Heater

    • Microwave

    Other interior features

    • Interior Hall

    • Lobby

    • Elevator

    • Fire Sprinklers

    Bedrooms and bathrooms

    • Bedrooms: 1

    • Full bathrooms: 1

  • Parking

    • 1 Space

    Property

    • Exterior Features: Open Balcony

    Other Property Information

    • Parcel Number: 02-42-03-120-1900

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $1,163

    • HOA Frequency: Monthly

    • Annual tax amount: $6,478

  • Source details

    • MLS ID: A12043385

    Other facts

    • Construction Materials: Concrete Block With Brick / Pre-Cast Concrete Construction

    • Patio And Porch Features: Deck / Open Balcony

    • Architectural Style: High Rise

    • Waterfront: Yes

    • Garage Spaces: 1

    • Garage: Yes

    • Living Area: 667

    • Subdivision Name: THE PRESIDENTIAL CONDO

Private inquiry
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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Douglas Elliman