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0
Bedrooms
1
Bathrooms
400 sqft
Interior
1957
Year built
$461 / mo
HOA
Stock Cooperative
Type
About this home
Second home by the beach, anyone? Enjoy all that the North Beach lifestyle has to offer—from relaxing beach days with chair and umbrella service to an active routine that includes daily swimming, beach volleyball, tennis courts, and nearby public parks with outdoor fitness equipment. This residence is centrally located just moments from restaurants, supermarkets, banks, a library, pharmacy, and a senior community activity center—making everyday convenience effortless. The co-op is part of Ocean Shores, an intimate 20-unit building with required recertifications completed, offering added confidence to buyers. Parking includes six on-site spaces available on a first-come basis, along with ample free street parking nearby. The building is situated on a long-term land lease with the current term running through November 2057, consistent with many properties in the North Beach area.Ideal as a low-maintenance beach retreat, seasonal residence, or opportunity in one of Miami Beach’s most established coastal neighborhoods.
Features
- Second Floor Entry
- Courtyard
- Other View
Leasing
- Minimum lease
- 183 days
- Leases permitted per year
- 2
- No Daily Rentals
- Okay To Lease 1st Year
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for studio rentals in Miami Beach, from 200 active listings; the middle half ask $1,725–$2,850.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.