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448 Ocean Dr # 303, Miami Beach FL 33139

Condo/Co-op For Sale
$985,000

BTC: 12.11708922

ETH: 402.20498163

181 days
Waterfront
1 bds
1 ba
830 sqft

Overview

Approved AirBnB on iconic Ocean Drive! This prime investment opportunity generates up to $90,000 annually through Air bnb and short-term rentals, fully furnished with very little vacancy. Beautiful 1-bedroom, 1-bath condo located in the highly desirable South of Fifth neighborhood at the boutique Ocean Five Condos. This inviting residence features a private balcony and an open, spacious kitchen perfect for both everyday living and entertaining. Enjoy the convenience of an in-unit washer and dryer, a luxurious spa-style shower, and a combination of wood and tile flooring throughout. Residents have access to a stunning rooftop pool with relaxing views, all just steps from the beautiful beach.

Location

Details

Type:
Residential
Parking:
1 Space
Year Built:
2006
Lot:
No Data
Heating:
Central / Electric
Price/sqft:
$1,187
Cooling:
Central Air / Electric
HOA:
$1,220

Valuation

Our model vs. what's actually selling nearby.
Estimate
$423,000
$279K – $620K
Confidence Low
List vs. estimate
$562K above estimate
List $985,000 · +132.9%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,186
+96.6% vs. city median $603
Based on
1834 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $365K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$10,314
2025
HOA
$1,220/mo
View
Ocean View
Waterfront
Ocean Access
Garage
1 car garage
Pets
Not allowed
All facts and features
  • Flooring

    • Tile

    • Wood

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    • Electric

    Appliances

    • Dishwasher

    • Dryer

    • Ice Maker

    • Microwave

    • Electric Range

    • Refrigerator

    • Wall Oven

    • Washer

    Other interior features

    • Third Floor Entry

    Bedrooms and bathrooms

    • Bedrooms: 1

    • Full bathrooms: 1

  • Parking

    • 1 Space

    Property

    • Exterior Features: None / Open Balcony

    Other Property Information

    • Parcel Number: 02-42-03-328-0080

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $1,220

    • HOA Frequency: Monthly

    • Annual tax amount: $10,314

  • Source details

    • MLS ID: A11973411

    Other facts

    • Construction Materials: Concrete Block Construction / CBS Construction

    • Patio And Porch Features: Open Balcony

    • Waterfront: Yes

    • Garage Spaces: 1

    • Garage: Yes

    • Living Area: 830

    • Subdivision Name: OCEAN FIVE CONDO

Private inquiry
Talk to the advisor on this listing.
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Market around this address

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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: Luxe Properties