$499,900

465 Ocean Dr #512, Miami Beach, FL 33139

Bedrooms
1
Baths
1
Living area
654 ft²
Price per ft²
$764 / ft²
Type
Condo
Year built
1969
HOA
$702 / mo HOA
On market
49 days on market
MLS #
A12074288

Experience oceanfront living in the highly desirable South of Fifth neighborhood! This spacious 1-bedroom, 1-bath residence offers 654 square feet at Royal Atlantic Condo, ideally situated directly on Ocean Drive. Residents enjoy direct beach access, an oceanfront pool and sundeck, a fitness center, sauna, community room, bike storage, and more. Just moments from South Pointe Park, the marina, renowned restaurants, shopping, and everything South Beach has to offer. This is an excellent opportunity to own a primary residence,second home, vacation home, or Miami Beach retreat in one of the area’s most sought-after.

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 $764. The median for recorded sales in the same ZIP codes is $606/ft² — putting it 26% above the median.
  • Position in the area’s price distributionThe asking price is $499,900; the median of recorded sales in the area is $590,000 (2,276 sales). On raw price that is 15% below the median — this line does NOT adjust for property type or size.
  • HOA fee as a share of priceAn HOA fee of $702 per month comes to $8,424 a year — 1.7% 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%$149,970
Term

7.28% — Freddie Mac PMMS (FRED) current mortgage rates, 30-year fixed, conforming. Priced October 1, 2026.

Estimated monthly payment$2,394
Loan amount
$349,930
Total interest over the term
$512,005
Total repaid
$861,935

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

Miami New Realty

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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