FL > Miami Beach > The Strand On Ocean Drive
Miami Beach, FL 33139,1024 Ocean Dr #A202
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Miami Beach, FL 33139,1024 Ocean Dr #A202
Miami Beach, FL 33139,1024 Ocean Dr #A202
Miami Beach, FL 33139,1024 Ocean Dr #A202
Miami Beach, FL 33139,1024 Ocean Dr #A202
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Stephen Michalakos

Stephen Michalakos

+1(727) 601-8676
$ 315,000
Est. payment /mo
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Active

1024 Ocean Dr #A202 Miami Beach, FL 33139

1 Bath

516 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 516 sqft

Price per Sqft $610

Subdivision The Strand On Ocean Drive

MLS Listing ID A11824939

Style Other

Full Baths 1

Construction Status Condo-Hotel

HOA Fees $1,730/mo

HOA Y/N Yes

Min Days of Lease 1

Leases Per Year 365

Year Built 1964

Annual Tax Amount $5,381

Tax Year 2024

Property Sub-Type Condominium

Property Description

Spacious renovated studio with a balcony in a popular South Beach condo-hotel. Fully licensed for short-term Airbnb rentals. Features a rooftop pool and the famous Palace Bar on the ground floor. Fully renovated in 2023 with new flooring, paint, furniture, doors, and a NEW AC unit. Sold furnished with proven 9 - years rental history. 2024 gross income - $80,000 and 80% occupancy through the year. No hotel program—owners can rent on their own or through any third-party manager. HOA includes all utilities: electricity, water, sewer, internet, TV, and front desk service. Option to continue with the current professional management or choose your own. Strong bookings and high ROI. Turnkey investment with income potential from day one.

Location

State FL

County Miami-dade

Community The Strand On Ocean Drive

Area 42

Interior

Interior Features Other, Bar

Heating Other

Cooling Central Air

Flooring Laminate

Appliance Dishwasher, Electric Range, Microwave, Refrigerator

Exterior

Exterior Feature Balcony

Pool Association

Amenities Available Cabana, Pool, Elevator(s)

View Other

Porch Balcony, Open

Garage No

Private Pool Yes

Building

Architectural Style Other

Structure Type Other

Construction Status Condo-Hotel

Others

Pets Allowed No

HOA Fee Include Amenities,Common Areas,Cable TV,Electricity,Hot Water,Internet,Pest Control,Pool(s),Sewer,Security,Trash,Water

Senior Community No

Tax ID 02-42-03-302-0050

Security Features Key Card Entry,Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Listed As-Is

Pets Allowed No

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11824939

Listed by Vera Realty LLC
agent

Stephen Michalakos

Senior Real Estate Advisor | License ID: SL3408427

+1(727) 601-8676

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1024 Ocean Dr #A202