$475,000

345 Ocean Dr #424, Miami Beach, FL 33139

Bedrooms
1
Baths
1
Living area
654 ft²
Price per ft²
$726 / ft²
Type
Condo
Year built
1970
HOA
$945 / mo HOA
On market
152 days on market
MLS #
A12016035

This beautifully updated 1-bedroom, 1-bath residence truly has it all—ocean views, an oversized balcony, covered parking, and a prime location in a newly renovated oceanfront building in highly desirable South of Fifth. Featuring tile floors throughout, a modern kitchen with new cabinetry, granite countertops, and stainless appliances, new tankless water heater, generous closet space with room for a washer/dryer (which is allowed), central A/C, impact windows and sliding glass door, and assigned covered parking. Enjoy northeast-facing ocean views from the spacious oversized balcony. The oceanfront building has recently completed an extensive renovation including a new exterior, new roof, new elevators, new oceanfront patio with heated pool, new ocean view fitness center, and new lobbies and building entrance are underway- with all assessments paid by Seller! Excellent tenant in place through 12/3/2026, making this a great opportunity for both end users and investors.

The MiamiLi Read

The lines below are derived automatically from this listing’s own data and the area’s recorded deed transfers. They are not a personal opinion or investment advice.

  • Price per square footThe asking price per ft² on this listing is $726. The median for recorded sales in the same ZIP codes is $606/ft² — putting it 20% above the median.
  • Position in the area’s price distributionThe asking price is $475,000; the median of recorded sales in the area is $590,000 (2,276 sales). On raw price that is 19% below the median — this line does NOT adjust for property type or size.
  • HOA fee as a share of priceAn HOA fee of $945 per month comes to $11,340 a year — 2.4% of the asking price. That amount is deducted from rental yield.

How to read this comparison: the figure on the left is an asking price, while the one on the right is a closed sale median — the two are not the same thing, and the room to negotiate sits inside that gap. The median covers every property type and size in those ZIP codes; it carries no adjustment for a single listing’s floor, view, age or finishes. This box is not an appraisal.

Scope: ZIP codes 33139, 33140, 33141 · arm’s-length sales recorded by the Miami-Dade County Property Appraiser.

Monthly mortgage payment

Estimated monthly loan payment based on this listing's price. Adjust the down payment, rate and term to match your own terms.

30%$142,500
Term

7.28% — Freddie Mac PMMS (FRED) current mortgage rates, 30-year fixed, conforming. Priced October 1, 2026.

Estimated monthly payment$2,275
Loan amount
$332,500
Total interest over the term
$486,502
Total repaid
$819,002

Principal and interest only; property tax, insurance and HOA dues are NOT included. This is not a binding offer.

The Keyes Company

Listing data provided by the Southeast Florida MLS (MIAMI REALTORS®) IDX feed. Copyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited.

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