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Waterfront · Condominium
$345,000$777 / sqft
1060 Ocean Dr # D303, Miami Beach FL 33139
Listed
1
Bedrooms
1
Bathrooms
444 sqft
Interior
1934
Year built
$1,517 / mo
HOA
Condominium
Type
About this home
Stunning Oceanview One-Bedroom Condo on Iconic Ocean Drive. Experience the ultimate South Beach lifestyle in this beautifully updated, turnkey one-bedroom condo featuring breathtaking ocean views and direct sightlines to the world-famous Versace Mansion. Enjoy exclusive access to a chic rooftop pool and bar, where sweeping views of the Atlantic Ocean and vibrant South Beach skyline create the perfect setting for relaxation or entertaining. Just steps from renowned restaurants, nightlife, and the beach, this is the best-priced oceanview unit in the building—offering unmatched value in a prime location. An excellent investment opportunity: hassle-free income, rent it independently to maximize returns (daily rental allowed).
Features
- Third Floor Entry
- Other
- Open Balcony
- Other View
Leasing
- Minimum lease
- 1 day
- Leases permitted per year
- 365
- Daily Rentals Allowed
- Ok To Lease
- 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 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.