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Waterfront · Single Family Residence
$25,000,000$1,102 / sqft
524 Ocean Dr, Miami Beach FL 33139
Listed
25
Bedrooms
27
Bathrooms
22,686 sqft
Interior
1993
Year built
None
HOA
Single Family Residence
Type
About this home
Ocean Drive oceanfront residence with more than 22,000 square feet offering spacious private guest suites and a rooftop swimming pool overlooking Lummus Park and the Atlantic Ocean. Unique opportunity to live on iconic Ocean Drive and benefit from a leased ground floor restaurant with liquor license, and a hotel license. Five-story property with an elevator, 25 bedrooms and 27 bathrooms. Central air, impact windows and doors, and a commercial kitchen.
Features
- First Floor Entry
- Bar
- Elevator
- Fire Sprinklers
- Entrance Foyer
- Family Room
- Open Balcony
- Ocean
- Direct Ocean
Leasing
- Minimum lease
- Not stated
- Ok To Lease
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 rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
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 rent, 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.