158 Ocean Drive Unit 406, Miami Beach, FL 33139

$275,000 — Active

Property Features

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Location, Location, Location. Studio on iconic Ocean Drive in the highly desirable South of Fifth neighborhood. Ideally located just steps from world-class dining, nightlife, shopping, parks, and directly across from the beach.The building offers covered parking, with spaces available for rent through the HOA, and has recently completed its 40-year recertification. No pets permitted.An excellent income-producing opportunity, the unit is currently rented for $1,800/month. The building allows rentals immediately after purchase; short-term rentals and Airbnb are not permitted.The owner is also offering an additional unit in the building for sale, providing a potential opportunity to acquire multiple units.Showings are available Monday through Friday, 10:00 AM–6:00 PM, with 24-hour notice. Please contact the owner/agent to schedule.

Property Details

  • Listing ID: A12085601
  • Status: Active
  • Listing Date: 2026-09-01
  • Property Type: Stock Cooperative
  • Unit / Building #: 406
  • Subdivision: OCEAN BEACH FLA SUB
  • County: Miami-Dade
  • MLS Area: 2420
  • Bedrooms: 0
  • Full Bathrooms: 1
  • Living Area Sq Ft: 400
  • Year Built: 1961

Financial

  • List Price: $275,000
  • HOA Fee: $2,890/mo
  • Taxes: $3,267/yr

Features & Amenities

  • View: Garden, Skyline, Ocean
  • 55+ Community (HOPA): Yes
  • Furnished: Unfurnished
  • Pets Allowed: No
  • Parking: Covered, Under Building, Space Rented, Garage, Attached Garage, Attached
  • Cooling: Wall/Window Unit(s)
  • Heating: Window/Wall
  • Flooring: Ceramic Tile
  • Construction: CBS
  • Exterior Features: Lighting
  • Community Amenities: Elevator(s), Laundry, Management, Community Room

Courtesy of Marela Properties, LLC
Contact Starfish Real Estate to schedule an appointment or call .

RAPB

© 2026 Starfish Real Estate. Listings updated Nov 10, 2026 5:00 am. Listing data is derived from the Broker Reciprocity Program of the Realtor Association of Indian River County (RAIRC) and BeachsMLS. Properties listed by brokers other than Starfish Real Estate are identified with the applicable MLS logo and include the listing broker's name. Not all properties available through either MLS may be displayed. All MLS data is the copyrighted property of the respective MLS and its participants. Data is deemed reliable but is not guaranteed accurate and should be independently verified prior to entering into any transaction.