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Waterfront · Condominium
$709,000$1,108 / sqft
301 Ocean Dr # 306, Miami Beach FL 33139
Listed
1
Bedrooms
1
Bathrooms
640 sqft
Interior
1967
Year built
$800 / mo
HOA
Condominium
Type
About this home
Discover a rare opportunity to own in one of South of Fifth’s most desirable oceanfront locations. Perfectly positioned directly on the sand near South Pointe Park, this bright and beautifully appointed 1-bedroom, 1-bath residence offers protected park and side ocean views that will never be obstructed. Natural light fills the spacious interior, featuring a charming breakfast nook and modern white kitchen with quartz countertops and a premium SMEG refrigerator. Enjoy sunrise coffee or evening sunsets from the private balcony overlooking lush greenery and the Atlantic Ocean. Located within a quiet boutique building where residences rarely become available, residents enjoy a private beachfront lifestyle with direct beach access, covered gated parking, EV charging stations, and a peaceful residential atmosphere rarely found on Ocean Drive. The building has completed its 50-year recertification and complies with current structural integrity and reserve requirements. Ideally located moments from Miami Beach’s top restaurants, marinas, parks, shops, and entertainment. Flexible 6-month rentals make this an exceptional primary residence, pied-à-terre, or investment opportunity.
Features
- Lobby
- First Floor Entry
- Closet Cabinetry
- Elevator
- East Of Us1
- Open Balcony
- Garden View
- Ocean View
- Direct Ocean
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.