5 months on rocket

158 Ocean Dr Unit 406, Miami Beach, FL, 33139

$287,000

Home List Price

$3,408*

Closing Credit

1 Full Bath
400 SqFt
$718/SqFt
Condo

Location

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158 Ocean Dr Unit 406, Miami Beach$287,000

Buyer Closing Credits

$3,408*

1.25% Loan Amount

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Property Highlights

Home TypeStock Cooperative
ParkingCovered, Underground, Leased, On Street
Year Built1961
HeatingWall Furnace
CoolingWall/Window Unit(s)
ViewGarden
MLS #A11609788
StatusActive

About 158 Ocean Dr Unit 406

Studio on famous Ocean Dr. in the coveted South of 5th St. neighborhood. Walking distance to everything SouthBeach can offer: night clubs, bars, fine dining, shopping centers, houses of worship, parks, and most importantly the unit is right across from the beach. Perfect income producing investment property. Unit is currently rented at$1800. Association allows rentals the same year after purchase. No short term rentals allowed (Airbnb). Building has its own covered parking lot, but spaces are rented by the HOA. No pets allowed. Maintenance is paid quarterly. Building just obtained its 40 year recertification. CALL OWNER FOR SHOWINGS with 24 hour prior notice, Mon-Fri 10am-6pm. Owner has 2 other units in the building for sale, one is next to this unit.

Property Details

Property Features

Property Information:

  • Year Built: 1961
  • Living Area: 400 SqFt

Listing Office:

  • Office Name: Marela Properties, LLC
  • Office Phone: (786) 282-3992
  • Listing Agent: Martin Urruela

Interior Features

Interior Information:

  • Appliances: Gas Range, Refrigerator
  • Flooring Type: Tile
  • Interior: First Floor Entry

Bedroom and Bathroom Information:

  • Full Bathrooms: 1

Exterior Features

Exterior Information:

  • View: Garden
  • Exterior: Porch

Parking Information:

  • Parking: Covered, Underground, Leased, On Street

Virtual/3D Tour

  • Virtual Tour: 158 Ocean Dr Unit 406
Virtual Tour

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: Wall/Window Unit(s)

Price Information

Listing Price Info

Price Summary:

  • List Price: $287,000
  • Price Per SqFt: $718/SqFt

HOA Fees:

  • Amount: $2262
  • Frequency: Quarterly
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Housing Market Comparison

See how this home compares to others in Miami Beach, FL.

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Miami Beach, FL

City

Med. Sold Price

$617.5K

Med. Price/SqFt

$605

Avg. Days On Market

97

# of Sold Homes

73

158 Ocean Dr Unit 406 vs Miami Beach

179 DAYS ON ROCKET

+82 Days

$287,000

-$330.5K Less

$718/SqFt

+$113 More

KEY TAKEAWAY

This property is $330.5K less than the Median Sold Price and $113/SqFt more than other homes in Miami Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11609788

Listing Office:

  • Office Name: Marela Properties, LLC
  • Office Phone: (786) 282-3992
  • Listing Agent: Martin Urruela

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 4:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$2,254

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$927

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-45652
6
/10

  • South Pointe Elementary School

  • 1050 4th St

  • 0.43 miles

  • Public District Grades PK-5

school-card-donut-45653
5
/10

  • Fienberg/Fisher K-8 Center

  • 1420 Washington Ave

  • 1.07 miles

  • Public District Grades PK-5

school-card-donut-45654
9
/10

  • Miami Children's Museum Charter School

  • 980 MacArthur Cswy

  • 2.88 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $24,886. Most Miami Beach, FL residents have annual incomes less than $35k. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 158 Ocean Dr Unit 406

What is the listing price of this property?

The listing price of 158 Ocean Dr Unit 406 property is $287,000.

What type of property is this?

The property 158 Ocean Dr Unit 406 is a condo located in Miami Beach, Florida, 33139.

Is this property for sale now?

Active Listing: 158 Ocean Dr Unit 406 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 158 Ocean Dr Unit 406 has 1 bathroom..

What is the square footage of this property?

The property 158 Ocean Dr Unit 406 is 400 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 158 Ocean Dr Unit 406 is 1961.

Rocket Homes›Florida›Miami-Dade County›Miami Beach›33139›158 Ocean Dr Unit 406

This home is located at 158 Ocean Dr Unit 406 in Miami Beach, FL and zip code 33139 in the South Point neighborhood. This 400 square foot home was built in 1961. Features: 1 bathroom. It has been listed on Rocket Homes since June 22, 2024 and is currently priced at $287,000.

While more than 2 listings in Miami Beach, FL in November 2024 were sold above asking price, there were more than 6 listings sold at asking price, and more than 65 were sold below. The inventory of homes for sale in Miami Beach, FL between October 2024 and November 2024 increased by 14.3%. While the average time on the market in November 2024 was 97 days, the median list price was $617,500.

From Rocket Homes Real Estate and based on county public records data.

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