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158 Ocean Dr # 406, Miami Beach FL 33139

House For Sale
$275,000

BTC: 3.49650350

ETH: 108.67417506

2 days
1 ba
400 sqft

Overview

Location, Location, Location. Studio on iconic Ocean Drive in the highly desirable South of Fifth neighborhood. Ideally located just steps from world-class dining, nightlife, shopping, parks, and directly across from the beach. The building offers covered parking, with spaces available for rent through the HOA, and has recently completed its 40-year recertification. No pets permitted. An excellent income-producing opportunity, the unit is currently rented for $1,800/month. The building allows rentals immediately after purchase; short-term rentals and Airbnb are not permitted. The owner is also offering an additional unit in the building for sale, providing a potential opportunity to acquire multiple units. Showings are available Monday through Friday, 10:00 AM–6:00 PM, with 24-hour notice. Please contact the owner/agent to schedule.

Location

Florida • Miami Beach • 33139 • House • For Sale

Details

Type:
Residential
Parking:
Covered / Parking-Under Building / Space Rented
Year Built:
1961
Lot:
No Data
Heating:
Window/Wall
Price/sqft:
$688
Cooling:
Wall/Window Unit(s)
HOA:
$2,890

Valuation

Our model vs. what's actually selling nearby.
Estimate
$182,500
$139K – $220K
Confidence Low
List vs. estimate
$92K above estimate
List $275,000 · +50.7%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$687
-28.6% vs. city median $963
Based on
28 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
$3,267
2025
HOA
$2,890/qtr
View
Garden View, Ocean View
Pets
Not allowed
All facts and features

  • Flooring

    • Ceramic Floor

    Heating

    • Window/Wall

    Cooling

    • Wall/Window Unit(s)

    Appliances

    • Electric Range

    • Ice Maker

    • Microwave

    • Refrigerator

    Other interior features

    • First Floor Entry

    Bedrooms and bathrooms

    • Full bathrooms: 1

  • Parking

    • Covered

    • Parking-Under Building

    • Space Rented

    Property

    • Exterior Features: Exterior Cat Walk

    Other Property Information

    • Parcel Number: 02-42-03-077-0200

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Stock Cooperative

  • Other financial information

    • HOA: $2,890

    • HOA Frequency: Quarterly

    • Annual tax amount: $3,267

  • Source details

    • MLS ID: A12085601

    Other facts

    • Construction Materials: CBS Construction

    • Laundry Features: Common Area

    • Patio And Porch Features: Open Porch

    • Architectural Style: Corner Unit

    • Attached Garage: Yes

    • Living Area: 400

    • Subdivision Name: OCEAN BEACH FLA SUB

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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Market around this address

Live counts in the same area.
View all
This zip
33139
1,002
median $570K
Active
Same city
Miami Beach
2,431
median $650K
Active
Same type
House
280
median $2.5M
Active
Similar price
$192K – $357K
510
median $270K
Active

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: Marela Properties, LLC