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401 Ocean Dr # 518, Miami Beach FL 33139

Condo/Co-op For Sale
$1,250,000

BTC: 15.89319771

ETH: 493.97352302

2 days
Waterfront
1 bds
1 ba
679 sqft

Overview

An Oceanfront Jewel Box in the Sky | $1,250,000 Welcome to an extraordinary opportunity at 401 Ocean Drive in the heart of South of Fifth. This stunning one-bedroom, one-bath residence is a true jewel box in the sky, with mesmerizing turquoise Atlantic views visible from virtually every inch of the home. Beautifully renovated to the highest standard, the residence combines sophisticated design with the energy of South Beach living. Disco lighting throughout creates the perfect atmosphere for entertaining, while an in-unit washer and dryer adds everyday convenience. Stylish, polished, and completely turnkey, this is the ultimate South Beach entertaining pad. Set within The Presidential, an oceanfront condominium with private beach club access, the location is unmatched. Step outside and walk to the beach, South Pointe Park, world-class restaurants, cafés, nightlife, and the marina. Whether enjoyed as a glamorous pied-à-terre, full-time residence, or coastal escape, this is a rare opportunity to own a piece of the Miami Beach dream—where the ocean is your backdrop and every day feels like a vacation. Offered at $1,250,000.

Location

Details

Type:
Residential
Parking:
1 Space
Year Built:
1970
Lot:
No Data
Heating:
Electric
Price/sqft:
$1,841
Cooling:
Central Air
HOA:
$1,163

Valuation

Our model vs. what's actually selling nearby.
Estimate
$319,000
$214K – $529K
Confidence Low
List vs. estimate
$931K above estimate
List $1,250,000 · +291.8%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,840
+202.7% vs. city median $608
Based on
748 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
$11,400
2025
HOA
$1,163/mo
Pool
Private
View
Direct Ocean, Pool Area View
Waterfront
Ocean Front
Garage
1 car garage
All facts and features
  • Flooring

    • Other

    Heating

    • Electric

    Cooling

    • Central Air

    Appliances

    • Electric Range

    • Refrigerator

    • Self Cleaning Oven

    • Wall Oven

    • Washer

    Other interior features

    • Lobby

    • First Floor Entry

    • Bar

    • Built-in Features

    • Closet Cabinetry

    Bedrooms and bathrooms

    • Bedrooms: 1

    • Full bathrooms: 1

  • Parking

    • 1 Space

    Property

    • Pool Private: Yes

    • Exterior Features: East Of Us1 / Open Balcony

    Other Property Information

    • Parcel Number: 02-42-03-120-0810

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $1,163

    • HOA Frequency: Monthly

    • Annual tax amount: $11,400

  • Source details

    • MLS ID: A12086074

    Other facts

    • Construction Materials: Concrete Block Construction

    • Patio And Porch Features: Open Balcony

    • Window Features: Hurricane Shutters

    • Architectural Style: High Rise

    • Waterfront: Yes

    • Garage Spaces: 1

    • Garage: Yes

    • Living Area: 679

    • Subdivision Name: THE PRESIDENTIAL CONDO

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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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