448 Ocean Drive, Unit 201

Miami Beach, FL 33139

$1,850,000
Price
3
Beds
3
Baths
1,507 Sq. Ft.
$1,228 / Sq. Ft.
1,507
Sq. Ft.
$1,228
per Sq. Ft.

Description

Rare opportunity to own a 3 BD, 3BA residence in a condo-hotel located in Miami Beach's South of Fifth neighborhood. As one of the few licensed short-term rentals in Miami Beach, this is an ideal residence as a second home you can rent without restrictions. The low maintenance fee makes it a great investment property. Building amenities include a rooftop pool deck with gorgeous ocean and city views and a fitness center. South of Fifth is Miami's most prestigious neighborhood within proximity to iconic...Rare opportunity to own a 3 BD, 3BA residence in a condo-hotel located in Miami Beach's South of Fifth neighborhood. As one of the few licensed short-term rentals in Miami Beach, this is an ideal residence as a second home you can rent without restrictions. The low maintenance fee makes it a great investment property. Building amenities include a rooftop pool deck with gorgeous ocean and city views and a fitness center. South of Fifth is Miami's most prestigious neighborhood within proximity to iconic restaurants such as Joe's Stone Crab, Carbone, Milos, fabulous nightlife, and more! Excellent financials are available upon request.
  1. Listed by Jelena PA Khurana • The Corcoran Group

Property Details for 448 Ocean Drive, Unit 201

Subdivision
OCEAN FIVE CONDO
Complex Name
OCEAN FIVE CONDO
Style
Condo-Hotel
Waterfront
No
View
Other View
Unit View
Other View
Area
42
Auction
No

Location

Listing Courtesy of The Corcoran Group
Add your commute
LISTING UPDATED: 03/18/2024 02:48 PM

Property Details for 448 Ocean Drive, Unit 201

StatusActive
MLS #A11339169
Days on Market445
Taxes$19,623 / year
HOA Fees$1,963 / month
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeCondo/Co-Op/Villa/Townhouse / Condo
Year Built2006
CountyMiami-Dade County

Building

Ocean Five

5 StoriesBuilt in 2006

Location

Listing Courtesy of The Corcoran Group
Add your commute

Building Information for 448 Ocean Drive, Unit 201

Building/ComplexOcean FiveFloor2Stories5Residences-Pet Policy-Year Built2006

Payment Calculator

$13,694 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,096

Property Taxes

$1,635

HOA Dues

$1,963

The Payment Calculator is for illustrative purposes only.

Property Information for 448 Ocean Drive, Unit 201

Location Information
Location Information
  • Parcel Number Free Text: 02-42-03-328-0010
  • Parcel Number MLX: 0010
  • MLS Area: 42
  • Municipal Code: 2
  • Township Range: 42
  • Section: 3
  • Subdivision Number: 328
  • Subdivision Complex Bldg: OCEAN FIVE CONDO
  • Unit Floor Location: 2
  • Total Floors In Building: 5
General Information
Parking
  • Num Garage Spaces: 1
  • Parking Description: 1 Space
General Information
  • Housing Older Persons Act: Unverified
  • Property Detached: Yes
  • Minimum Num of Days for Lease: 1
  • Num Times Leased Year: 365
  • Type of Governing Bodies: Condominium
  • Unit Design: East Of Us1
  • Construction: CBS Construction
  • Construction Type: CBS Construction
  • Flooring: Ceramic Floor, Marble Floors
  • Floor Description: Ceramic Floor, Marble Floors
  • Security Information: Card Entry, Intercom In Lobby, Lobby Secured, TV Camera
Room Information
Room Information
  • Bedroom Description: None
Additional Property Information
Utilities
  • Heating Description: Central Heat
  • Cooling Description: Central Cooling
Additional Property Information
  • Pets Allowed: Yes
  • Pets Allowed: Yes
  • Pet Restrictions: Restrictions Or Possible Restrictions
  • Guest Accommodations: No
  • Room Count: 0
  • Interior Features: Walk-In Closets
  • Equipment Appliances: Dishwasher, Dryer, Icemaker, Microwave, Electric Range, Refrigerator, Self Cleaning Oven, Smoke Detector, Washer
  • Exterior Features: High Impact Doors
  • Maintenance Includes: Cable Tv, Common Area, Elevator, Insurance, Internet/WiFi, Pool Service, Recreation Facilities
  • Amenities: Exercise Room, Pool
Financial Information
Financial Information
  • Total Mortgage: $512,000
  • Type of Association: Condo
  • Assoc Fee Paid Per: Monthly
  • Flood Zone: AE
  • Tax Year: 2022
  • Tax Information: Tax Reflects No Exemptions
Rental Information
Rent Information
  • Approval Information: 1-2 Weeks Approval
Rent Status
  • Other Fees: $100

Property History for 448 Ocean Drive, Unit 201

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 448 Ocean Drive, Unit 201

Taxable ValueLand-Additions-Total-
Tax Record2023$20,327 ($1,694 / month)
Home Facts
Beds2Total Finished SqFt1,507 SqFtAbove Grade Finished SqFt1,507 SqFtStyleCondominiumYear Built2006Zoning6503:COMMERCICountyMIAMI-DADEAPN02-4203-328-0010

Schools near 448 Ocean Drive, Unit 201

This home is within Miami-Dade.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
South Pointe Elementary School
PublicPK to 5

Nautilus Middle School
Public6 to 8

Robert Morgan Voc-Tech Institute
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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448 Ocean Drive, Unit 201 is a condo for sale in Miami Beach, FL 33139. This property was listed for sale on February 7, 2023 by The Corcoran Group, it's currently listed at $1,850,000. It has been on the market for a total of 445 days and was last sold on February 16, 2007. This listing's school district is Miami-Dade. Nearby schools include South Pointe Elementary School, Air Base K-8 Center for International Education and Nautilus Middle School. 448 Ocean Drive, Unit 201 is a 3-bed, 3-bath, 1,507 sqft condo built in 2006.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Corcoran Group

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.