Basic Information

  • MLS # A11824939
  • Type Condominiums
  • Subdivision/Complex The Strand On Ocean Drive
  • Year Built 1964
  • Total Sqft 516
  • Date Listed 06/18/2025
  • Days on Market 89
Description

Spacious renovated studio with a balcony in a popular South Beach condo-hotel. Fully licensed for short-term Airbnb rentals. Features a rooftop pool and the famous Palace Bar on the ground floor. Fully renovated in 2023 with new flooring, paint, furniture, doors, and a NEW AC unit. Sold furnished with proven 9 - years rental history. 2024 gross income - $80,000 and 80% occupancy through the year. No hotel program—owners can rent on their own or through any third-party manager. HOA includes all utilities: electricity, water, sewer, internet, TV, and front desk service. Option to continue with the current professional management or choose your own. Strong bookings and high ROI. Turnkey investment with income potential from day one.

Amenities

  • Cabana
  • Pool
  • Elevators

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool Yes
  • Parking Description None
  • Exterior Features Balcony

Interior Features

  • Adjusted Sqft 516Sq.Ft
  • Interior Features Other, Bar
  • Sqft 516 Sq.Ft

Property Features

  • Aprox. Lot Size 516
  • Furnished Info No
  • Short Sale Regular Sale
  • HOA Fees $1,730
  • Subdivision Complex The Strand On Ocean Drive
  • Subdivision Info The Strand On Ocean Drive
  • Tax Amount $5,381
  • Tax Year 2024

1024 Ocean Dr #A202

Miami Beach, FL 33139

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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Vera Realty LLC. tel: 305-833-3303

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