$575,000

918 Ocean Dr #203, Miami Beach, FL 33139

Baths
1
Living area
480 ft²
Price per ft²
$1,198 / ft²
Type
Condo
Year built
1925
HOA
$529 / mo HOA
On market
169 days on market
MLS #
A11996986

Location, location, location! Spacious oversized studio condo directly across from the ocean on iconic Ocean Drive in the heart of South Beach. Comfortably designed to accommodate up to 4 guests with 2 queen beds and a sofa bed, this unit offers excellent flexibility for personal use or income potential. Situated in a highly desirable Art Deco condo building with strong short-term rental and Airbnb-friendly appeal, it is an outstanding opportunity for investors or as the perfect Miami Beach getaway. Just steps from the sand, restaurants, nightlife, and everything South Beach has to offer.

The MiamiLi Read

The lines below are derived automatically from this listing’s own data and the area’s recorded deed transfers. They are not a personal opinion or investment advice.

  • Price per square footThe asking price per ft² on this listing is $1,198. The median for recorded sales in the same ZIP codes is $607/ft² — putting it 97% above the median.
  • Position in the area’s price distributionThe asking price is $575,000; the median of recorded sales in the area is $585,000 (2,215 sales). On raw price that is close to the median — this line does NOT adjust for property type or size.
  • HOA fee as a share of priceAn HOA fee of $529 per month comes to $6,348 a year — 1.1% of the asking price. That amount is deducted from rental yield.

How to read this comparison: the figure on the left is an asking price, while the one on the right is a closed sale median — the two are not the same thing, and the room to negotiate sits inside that gap. The median covers every property type and size in those ZIP codes; it carries no adjustment for a single listing’s floor, view, age or finishes. This box is not an appraisal.

Scope: ZIP codes 33139, 33140, 33141 · arm’s-length sales recorded by the Miami-Dade County Property Appraiser.

Monthly mortgage payment

Estimated monthly loan payment based on this listing's price. Adjust the down payment, rate and term to match your own terms.

30%$172,500
Term

6.95% — Freddie Mac PMMS (FRED) current mortgage rates, 30-year fixed, conforming. Priced September 17, 2026.

Estimated monthly payment$2,664
Loan amount
$402,500
Total interest over the term
$556,663
Total repaid
$959,163

Principal and interest only; property tax, insurance and HOA dues are NOT included. This is not a binding offer.

The Keyes Company

Listing data provided by the Southeast Florida MLS (MIAMI REALTORS®) IDX feed. Copyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited.

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