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Condominium
$390,000$438 / sqft
1460 Ocean Dr # 208, Miami Beach FL 33139
Listed
2
Bedrooms
2
Bathrooms
890 sqft
Interior
1937
Year built
$1,410 / mo
HOA
Condominium
Type
About this home
Charming two-story remodeled Art Deco residence at the historic The Drake Building, featured on the Art Deco tour and ideally located on iconic Ocean Drive. This unique 2-bedroom, 2-bathroom apartment offers two spacious bedrooms with abundant natural light, updated bathrooms, an open-concept living, dining and kitchen area, and beautiful terracotta floors throughout. Ideally situated at the quieter end of Ocean Drive, just steps from the beach, this residence offers a rare opportunity to enjoy the South Beach lifestyle while remaining slightly removed from the busiest part of the action. Currently rented for $3,000 per month, the property offers immediate income potential for investors, while also presenting an exceptional opportunity for a future owner-occupant looking to live on iconic Ocean Drive at an attractive price point. With its unique two-level layout, historic Art Deco character, prime location and proximity to the ocean, this is a rare opportunity in the heart of Miami Beach. Schedule your private showing today.
Features
- Lobby
- First Floor Entry
- Elevator
- Entrance Foyer
- Pantry
- East Of Us1
- Other
- Garden View
- Other View
Leasing
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 2-bed rentals in Miami Beach, from 200 active listings; the middle half ask $3,595–$10,000.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.