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Property
Beds
None
Full Baths
1
1/2 Baths
None
Year Built
1967
Sq.Footage
640
Oceanfront living in coveted South of Fifth with income in place. Residence 402 at Ocean Park is a bright, open 640 sq ft studio with protected south-facing park views. Polished concrete floors, an exposed concrete column, and crisp white cabinetry create a modern-industrial, light-filled space. The kitchen offers a stainless refrigerator, smooth-top cooktop, built-in oven, and ample storage, plus a window counter that seats three for dining or work. A built-in credenza and tall wardrobe add rare studio storage. Also features an updated bath, in-unit washer and dryer, central A/C, and a private balcony overlooking the treetops. Ocean Park is a boutique six-story, 45-residence building on the beach, built in 1967, with its 50-year recertification complete. Enjoy direct beach access, the beachwalk, keypad entry, cameras, an elevator, and one assigned covered, gated parking space plus guest parking. No pool or gym; fitness options are within walking distance. Rental policy: 6-month minimum lease, no leasing in the first year of ownership, association approval required for tenants, no pets. Leased at $3,200/month through 12/22/2026. The tenant would like to stay, so an investor can renew and keep income from day one, or the tenant can vacate on 12/22. Walk to the park, pier, marina, Ocean Drive, and South of Fifth dining, with Lincoln Road, the Art Deco District, Downtown, and Brickell minutes away.
Features & Amenities
Interior
-
Other Interior Features
Built-in Features, Eat-in Kitchen
-
Total Bedrooms
N/A
-
Bathrooms
1
-
Cooling YN
YES
-
Cooling
Electric
-
Heating YN
YES
-
Heating
Electric
-
Pet friendly
No
Exterior
-
Garage
Yes
-
Garage spaces
1
-
Construction Materials
Block
-
Parking
Attached, Covered, Underground, Garage, Guest
-
Pool
No
-
Waterfront YN
YES
-
View
Garden
Area & Lot
-
Lot Features
Waterfront
-
Property Type
Residential
-
Property Sub Type
Condominium
-
Architectural Style
GardenApartment, HighRise
Price
-
Sales Price
$675,000
-
Tax Amount
$9,743
-
Financing Options
Cash, Conventional
-
Sq. Footage
640
-
Price/SqFt
$1,054
HOA
-
Association
YES
-
Association Fee
$800
-
Association Fee Frequency
Monthly
-
Association Fee Includes
N/A
School District
-
Elementary School
South Pointe
-
Middle School
Nautilus
-
High School
Miami Beach
Property Features
-
Stories
6
-
Association Amenities
Laundry, None, Trash, Elevator(s), Management, Hot Water, Parking
-
Senior Community YN
NO
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Location
County
Miami-Dade
Elementary School
South Pointe
Middle School
Nautilus
High School
Miami Beach
Listing Courtesy of Joanne Jones, Compass Florida, LLC
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Managing Broker & Founder
Jarrod Gaylis
Call Jarrod today to schedule a private showing.
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