Oceanfront studio with a private pool and direct beach accessa true rarity in the SoFi neighborhood. Art Deco building, formerly a hotel this property holds City Approved BTR for short-term rentals. Sold fully furnished with essential appliances, it's ready for immediate occupancy or lucrative Airbnb vacation rentals. Low monthly HOA fees covering all utilities, including water, gas, cable, Wi-Fi, and electricity, along with on-site laundry facilities. With its prime location near popular attractions and the potential for a 10%+ CAP rate return, this property is a must-see for savvy investors.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Interior Features
- ClosetCabinetry
- FirstFloorEntry
- CustomMirrors
- MainLivingAreaEntryLevel
- Flooring: CeramicTile, Tile
- Window Features: ImpactGlass
Appliances
- GasRange
- Microwave
- Refrigerator
- Laundry Features: CommonArea
Heating and Cooling
- Cooling Features: CentralAir, CeilingFans, WallWindowUnits
- Heating Features: Central
- Heating: Yes
Pool and Spa
- Pool Features: Association
Waterfront and Water Access
Garage and Parking
- Parking Features: OnStreet
Homeowners Association
- Association: Yes
- Association Amenities: Laundry, Pool, Elevators
- Association Fee: 303
- Association Fee Frequency: Monthly
- Association Fee Includes: Amenities, CommonAreas, CableTv, Electricity, Hvac, HotWater, Insurance, Internet, Laundry, MaintenanceGrounds, MaintenanceStructure
- Calculated Total Monthly Association Fees: 303
- Pets Allowed: Conditional, Yes
School Information
- Elementary School: South Pointe
- High School: Miami Beach
- Middle School: Nautilus
Multi-Unit Info
- Number of Units In Community: 75
Other Property Info
- Annual Tax Amount: 4204
- Source Listing Status: Active
- County: Miami-Dade
- Directions: Take exit 2D toward I-395 E/Miami Beach Continue onto I-395 E Continue onto MacArthur Cswy Continue onto 5th St Turn right on Ocean Drive, South of 5th Street, on the Beach Side.
- Tax Year: 2023
- Source Property Type: Residential
- Property Subtype: condo
- Source Neighborhood: OCEAN WALK ON SOUTH BEACH
- Parcel Number: 02-42-03-206-0420
- Postal City: Miami Beach
- Postal Code Plus 4: 8768
- Subdivision: OCEAN WALK ON SOUTH BEACH
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 200
- Year Built: 1939
- Building Area Total: 200
- Construction Materials: Block
- Direction Faces: West
- Entry Level: 3
- Entry Location: 3
- Property Age: 85
- Property Attached: Yes
- Building Total Stories: 3
- Year Built Details: Condo-Hotel
Utilities
Home Features
- Security Features: ClosedCircuitCameras, ComplexFenced, FireAlarm, KeyCardEntry, LobbySecured, FireSprinklerSystem, SmokeDetectors
