$269,000

1036 Ocean Dr #B205, Miami Beach, FL 33139

Bedrooms
1
Baths
1
Living area
298 ft²
Price per ft²
$903 / ft²
Type
Condo
Year built
1936
HOA
$1,040 / mo HOA
On market
2 days on market
MLS #
A12086516

RARE SOUTH BEACH INVESTMENT OPPORTUNITY ON ICONIC OCEAN DRIVE! Fully furnished and perfectly positioned directly across from the Beach, This 1-bedroom residence at The Strand offers exceptional short-term rental flexibility, including Airbnb use with no Hotel program required. Own a piece of world -famous South Beach while enjoyin the freedom to generate income and use the property as your own Miami getaway. The building features a rooftop pool, b each acces, and and unbeatable location surrounded by top restaurants, entertaiment, nighlife and everithin that makes Ocean Drive a global destination. Association fee incluides utilites, ,making ownership simple and convenient. Wether youre looking for and income-producingMiami Beach investment, and vacation residence, or bouth, B205 delivers location, flexibilitty and lifestyle in on exeptional opportunity. Steps from the sand. In the hart of South Beach. Positioned for income potencial.

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 $903. The median for recorded sales in the same ZIP codes is $607/ft² — putting it 49% above the median.
  • Position in the area’s price distributionThe asking price is $269,000; the median of recorded sales in the area is $586,000 (2,219 sales). On raw price that is 54% below the median — this line does NOT adjust for property type or size.
  • HOA fee as a share of priceAn HOA fee of $1,040 per month comes to $12,480 a year — 4.6% 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%$80,700
Term

6.76% — Freddie Mac PMMS (FRED) current mortgage rates, 30-year fixed, conforming. Priced September 10, 2026.

Estimated monthly payment$1,223
Loan amount
$188,300
Total interest over the term
$251,822
Total repaid
$440,122

Foreign buyers are typically asked for 30–40% down, at rates 1–2 points above what US citizens pay. The rate above is the US-citizen product — enter your own rate if you know your terms.

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

Realty One Group Evolution

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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