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Waterfront · Condominium
$499,000$757 / sqft
345 Ocean Dr # 1012, Miami Beach FL 33139
Listed
1
Bedrooms
1
Bathrooms
659 sqft
Interior
1970
Year built
$944 / mo
HOA
Condominium
Type
About this home
Experience the best of South of Fifth from this 1-bedroom, 1-bath residence at Ocean Point, ideally located directly on the sand at 345 Ocean Drive. Situated on the 10th floor, this bright 659 SF residence features an upgraded kitchen, in-unit washer and dryer, impact windows and doors, electric shades, and a private south-facing balcony offering a side ocean view along with beautiful sunset and port views. The residence also includes covered assigned parking. Ocean Point has undergone extensive improvements and offers an exceptional beachfront lifestyle with direct beach access, a heated oceanfront pool and pool deck, fitness center, and much more. Perfectly positioned in coveted South of Fifth, just moments from South Pointe Park, the Miami Beach Marina, Beachwalk, and some of Miami Beach’s best dining. An exceptional opportunity to enjoy an oceanfront address in one of Miami Beach’s most desirable neighborhoods.
Features
- Lobby
- Custom Mirrors
- Fire Sprinklers
- East Of Us1
- Open Balcony
- Ocean View
- Other View
- Pool Area View
- Skyline
Leasing
- Minimum 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 $2,300–$3,800.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.