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Waterfront · Condominium
$269,000$903 / sqft
1036 Ocean Dr # B205, Miami Beach FL 33139
Listed
1
Bedrooms
1
Bathrooms
298 sqft
Interior
1936
Year built
$1,040 / mo
HOA
Condominium
Type
About this home
RARE SOUTH BEACH INVESTMENT OPPORTUNITY ON ICONIC OCEAN DRIVE! Fully furnished and perfectly positioned directly across from the Beach, This 1-bedroom residence at The Strand offers exceptional short-term rental flexibility, including Airbnb use with no Hotel program required. Own a piece of world -famous South Beach while enjoyin the freedom to generate income and use the property as your own Miami getaway. The building features a rooftop pool, b each acces, and and unbeatable location surrounded by top restaurants, entertaiment, nighlife and everithin that makes Ocean Drive a global destination. Association fee incluides utilites, ,making ownership simple and convenient. Wether youre looking for and income-producingMiami Beach investment, and vacation residence, or bouth, B205 delivers location, flexibilitty and lifestyle in on exeptional opportunity. Steps from the sand. In the hart of South Beach. Positioned for income potencial.
Features
- Other
- East Of Us1
- Ocean View
Leasing
- Minimum lease
- 1 day
- Leases permitted per year
- 365
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.
Location
Approximate — shows the building, not the unit. Open in maps
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 1-bed rentals in Miami Beach, from 200 active listings; the middle half ask $2,350–$4,500.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.