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834 Ocean Drive # 406, Miami Beach FL 33139
About this home
Turnkey Ocean Drive Investment | Daily Rentals Allowed | Steps to the Sand. Own a slice of iconic South Beach with this income-producing 1BR/1BA at Casa Grande Condo-Hotel, perfectly positioned directly across from the beach on world-famous Ocean Drive. This fully furnished, move-in ready unit is licensed for short-term rentals (daily allowed) offering immediate cash flow potential with zero setup. Featuring a full kitchen & turnkey interiors, it's ideal for investors, second-home buyers, or a flexible vacation property. Owners & guests enjoy 24-hour front desk service & security, while the HOA covers internet, water, laundry facilities & common area maintenance. Step outside to white sand beaches, top dining, nightlife & everything that makes South Beach a world-renowned destination.
Features
- Lobby
- Cooking Island
- Elevator
- Den/Library/Office
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $2,098
- HOA
- $904 / mo
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, 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. 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.