South of Fifth

Miami Beach, FL 33139

$575,000
Price
1
Beds
1
Bath
410 Sq. Ft.
$1,402 / Sq. Ft.
410
Sq. Ft.
$1,402
per Sq. Ft.

Description

Investment... Location... Great investment opportunity with a legal AirBnB permit in South Point with a private pool and beach access with lounge chairs and umbrellas. The building, built as the first hotel in the area, has a grandfathered permit to rent daily, which presents an opportunity for 10%+ CAP rate, combined with low monthly fees. Location is unbeatable; right in the coveted South Point area within a short walk from all of the desired restaurants and bars, without ever needing a car. This...Investment... Location... Great investment opportunity with a legal AirBnB permit in South Point with a private pool and beach access with lounge chairs and umbrellas. The building, built as the first hotel in the area, has a grandfathered permit to rent daily, which presents an opportunity for 10%+ CAP rate, combined with low monthly fees. Location is unbeatable; right in the coveted South Point area within a short walk from all of the desired restaurants and bars, without ever needing a car. This is a part of an investment portfolio sale, please inquire about the other prime units in the building (132 and 328).
  1. Listed by Michael Cohen • E PRO Realty

Property Details for South of Fifth

Subdivision Name
Ocean Walk On South Beach
Complex Name
Ocean Walk On South Beach
Style
Condo 1-4 Stories
Waterfront
Yes
Waterfront Description
Ocean Front
View
Ocean View
Unit View
Ocean View
Waterfront Footage
Ocean Front

Location

Listing Courtesy of E PRO Realty
Add your commute
LISTING UPDATED: 03/10/2024 08:30 PM

Property Details for South of Fifth

StatusActive
MLS #F10428268
Days on Market53
Taxes$4,846 / year
HOA Fees$640 / month
Condo/Co-op Fees$687 / month
Compass TypeCondo
MLS TypeCondo/Co-Op/Villa/Townhouse / Condo
Year Built1939
CountyMiami-Dade County

Location

Listing Courtesy of E PRO Realty
Add your commute

Building Information for South of Fifth

Floor2Stories3Residences-Pet Policy-Year Built1939

Payment Calculator

$4,869 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,138

Property Taxes

$404

HOA Dues

$1,327

The Payment Calculator is for illustrative purposes only.

Property Information for South of Fifth

General Information
General Information
  • Sq Ft Liv Area: 410.0
  • Pets Allowed: Yes
  • Pet Restrictions: No Restrictions
  • Township Range: 42
  • Street Number Numeric: 335
  • Street Number: 335
  • Street Name: Ocean Dr
  • County Or Parish: Miami-Dade County
  • Postal Code: 33139
  • City and Location Text: Miami Beach
  • Accessibility Features: Pantry
  • Pets On Premises YN: No
  • Pet Fee: $0
  • City Postal ID: 33139
Maintenance / Tax Information
  • Maintenance Includes: All Amenities, Building Exterior, Common Area
  • Tax Amount: $4,846
  • Tax Information: Tax Reflects No Exemptions
  • Tax Year: 2022
Building Information
  • Property Detached: No
  • Property Type: Condo/Co-Op/Villa/Townhouse
  • Subdivision Complex Bldg: Ocean Walk On South Beach
  • Total Floors In Building: 3
  • Type of Governing Bodies: Condominium
  • Type of Property: Condo
  • Year Built Numeric: 1939
  • Year Built Description: Resale
  • MLS Area: 42
Virtual Tour / Features / Utilities
Interior
  • Amenities: Common Laundry, Pool
  • Room Count: 0
  • Equipment Appliances: Dishwasher, Disposal, Electric Range, Refrigerator
  • Floor Description: Laminate
  • Interior Features: Pantry
  • Unit Design: Interior Hall
  • Unit Floor Location: 2
  • Flooring: Laminate
Exterior
  • Exterior Features: None
  • Construction Type: Concrete Block Construction
  • Windows Treatment: Blinds/Shades
  • Construction: Concrete Block Construction
Room Information
  • Master Bathroom Description: Shower Only
  • Bedroom Description: Master Bedroom Ground Level
  • Beds Total: 1.0
  • Num of Full Baths: 1.0
  • Num of Half Baths: 0.0
  • Master Bath Features: Shower Only
  • Main Level Bedrooms: 1
  • Main Level Bathrooms: 1
Waterfront
  • Water Access: None
Parking
  • Parking Description: None, Street Parking
  • Carport Spaces: 0
Utilities
  • Cooling Description: Central Cooling
  • Heating Description: Central Heat
Property / Lot Information
Building Information
  • Type of Association: Condo
  • Num Carport Spaces: 0
  • Num Garage Spaces: 0
  • Unit Number: 239
  • Stories: 3
Community Information
  • Housing Older Persons Act: No HOPA
  • Association Fee: $640
  • Assoc Fee Paid Per: Monthly
  • Subdivision Number Numeric: 206
  • Gated Community YN: No
  • Property Management: No
Location Information
  • Area: 42
  • Directions: Ocean Drive, South of 5th Street, on the Beach Side.
  • Municipal Code: 2
  • Parcel Number Free Text: 02-42-03-206-0770
  • Section: 3
  • State: FL
Lot Information
  • Land Lease Amount: $0
Rent Information
Rent Information
  • Application Fee: $100
  • Minimum Num of Days for Lease: 1
  • Rec Lease Month: $0
Rent Status
  • Other Fees: $100

Property History for South of Fifth

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for South of Fifth

Taxable ValueLand-Additions-Total-
Tax Record2023$8,032 ($669 / month)
Home Facts
Beds1Total Finished SqFt410 SqFtAbove Grade Finished SqFt410 SqFtStyleCondominiumYear Built1939Zoning3900:MULTI-FACountyMIAMI-DADEAPN02-4203-206-0770

Schools near South of Fifth

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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South of Fifth is a condo for sale in Miami Beach, FL 33139. This property was listed for sale on March 10, 2024 by E PRO Realty, it's currently listed at $575,000. It has been on the market for a total of 53 days and was last sold on January 26, 2021. 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. South of Fifth is a 1-bed, 1-bath, 410 sqft condo built in 1939.

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. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of E PRO Realty

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.