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Waterfront · Condominium
$385,000$939 / sqft
335 Ocean Dr # 228, Miami Beach FL 33139
Listed
1
Bedrooms
1
Bathrooms
410 sqft
Interior
1939
Year built
$575 / mo
HOA
Condominium
Type
About this home
Premier value acquisition—currently the lowest price per square foot for a one-bedroom in the building, recently repriced to capture immediate investor attention. Turnkey, income-generating asset: a fully licensed Airbnb property with established short-term rental history, offering strong yield potential and seamless continuity for the next owner. This is a rare opportunity to secure a performing asset in a high-demand rental corridor. Due to consistent occupancy, access is limited; showings are by appointment only and may require advance coordination. Please schedule via ShowingTime or text for priority confirmation. Disclosure: A special assessment is in place for the 40-year certification program, including roof replacement, structural upgrades, and comprehensive building improvements, as outlined by the management company—positioning the asset for long-term value preservation and enhanced capital stability.
Features
- Second Floor Entry
- Elevator
- Fire Sprinklers
- None
- Courtyard
- Other View
Leasing
- Minimum lease
- 1 day
- Leases permitted per year
- 365
- Daily Rentals Allowed
- Ok To Lease
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.