Home » Miami Beach » Ocean Point at 345 Ocean Dr Miami Beach » 345 Ocean Dr 401, Miami Beach, Florida 33139 | A11367632

345 Ocean Dr 401, Miami Beach, Florida 33139 | Sold

$369,000
closed for a price of $360,000

Property Highlights

Listing ID A11367632 Status of this Listing: Closed Sold Property Type Residential Condominium 1 Bedrooms 1 Bathrooms Total 1 Full Bath Living Space 648 Sqft/60.20 m2 approx. Building Area 648 Sqft/60.20 m2 approx. COMMUNITY POOL Year Built 1970 Waterfront Lease Term Minimum Duration: 365 What it means?Refers to a regulation set by the property association, stipulating that each rental agreement for the property must be for a duration of at least 365 days. This rule ensures that every time the property is rented out, the lease term cannot be shorter than the specified minimum period. Time of this property from published date until Closing Date 96 Days
25 Photos of this Property

345 Ocean Dr 401, Miami Beach, Florida 33139

Property Description: Fantastic opportunity for a huge increase in value: Building is getting a new remodel which includes impact windows & doors, balcony railings, weatherproofing, painting of the exterior, new building entrance & lobbies, new hallways, roof, and gym to go along with the elevators & heated pool already completed. 40 year recertification is already done as well. Seller is paying the special assessment of over $40,000 in full. Amazing upside for the buyer. Unit is in need of decorative upgrades & is a corner unit with a second window in the bedroom– perfect opportunity to make this spacious 1 bed into 2 sleeping areas both with windows. Washer/dryer is allowed. Renting ok after one year so the timing is perfect to make the unit of your dreams in the perfect oceanfront South of 5th St building.

Useful Info

Contingency:Pending Inspections
Original List Price:$369,000
Close Price:$360,000
More Listings Same Building:Ocean Point at 345 Ocean Dr Miami Beach

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Architectural Style:
  • High Rise
Levels:Two
Entry Level (floor):4
Entry Level Location:4
Construction Materials:
  • Block
Flooring:
  • Tile
Number of stories:11
Stories:1

Property Features

View from the Property:
  • City
Waterfront:Yes
Waterfront Features:
  • Ocean Access
  • Ocean Front
Swimming Pool Features:
  • Heated
  • Association
Appliances:
  • Dishwasher
  • Microwave
  • Refrigerator
  • Electric Range
Interior Features:
  • Walk-in Closet(s)
  • Family/dining Room
  • Other
Exterior Features:
  • Security/high Impact Doors
Window Features:
  • Drapes
Laundry Features:
  • Common Area
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating:Yes
Heating System:
  • Central
Property Entrance Faces:
  • West

Taxes and Expenses

Tax Annual Amount:$4,408

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2022
Association Fee:$733
Association Fee Frequency:
  • Monthly
Association Fee 3rd HOA:$733
Association Fee 3rd HOA Frequency:
  • Monthly

Terms

Listing Terms Considered by Seller:
  • Cash
  • Conventional
Occupant Type:
  • Call Agent
Buyer Possession:
  • Closing & Funding
Buyer Financing:
  • Cash
Lease Considered:No

Community

Amenities Provided by the Homeowner's Association (HOA):
  • Pool
  • Bike Storage
  • Trash
  • Clubhouse
  • Laundry
  • Storage
  • Elevator(s)
  • Fitness Center
Subdivision Name:OCEAN POINT CONDO
Association Fee Includes:
  • Maintenance Grounds
  • Sewer
  • Water
  • Trash
  • Cable Tv
  • Pest Control
  • Pool(s)
  • Security
  • Common Areas
  • Association Management
  • Insurance
  • Internet
  • Legal/accounting
  • Amenities
  • Laundry
Complex Name:Ocean Point
Senior Community:No
Development Name:Ocean Point
Restrictions: No Lease 1st Year Owned, OK To Lease

Parking

Garage Spaces:0
Covered Spaces:0
Parking Features:
  • On Street

Public Schools Assigned

Note: provided by seller, please contact the school district to confirm the school assignment for this property address.

Elementary School:Alafia-hb

Utilities

Utilities Available:
  • Cable Available

More Details

Other Information:
Unit View: Skyline View
Housing Older Persons Act: No HOPA
Water Access: Unrestricted Salt Water Access
Buy State: Illinois
Unit Design: Corner Unit,High Rise,Interior Hall
Type of Association: Condo
Minimum Number of Days for Lease: 365
Type of Governing Bodies: Condominium
Tax Information: Tax Reflects No Exemptions
Buyer Country of Residence: USA
Number of times allowed to lease per year: 1
Flood Zone : AE
Homeowner's Association Application Fee: 100
Style: Condo 5+ Stories
FEMA Flood Zone Designations: AE
Municipal Code: 2
Subdivision Number: 118

Zoning and Legal

Tax Legal Description:OCEAN POINT CONDO UNIT 401 FOURTH FLOOR UNDIV .00412% INT IN COMMON ELEMENTS CLERKS FILE 70R-16950 OR 13809-1333 0988 1
Real Estate Folio Number (Parcel Number):02-42-03-118-0400
Public Survey Township:2
Public Survey Range:42
Public Survey Section:3

Listing History

Update/EventDate/Days
Published Date:April 12, 2023 12:00 am
On Market Date:April 12, 2023
Close Date:July 17, 2023
Price Change Date Time:April 5, 2023 11:37 am
Last Important Update Description:Closed
Date and Time of Last Important Update:July 19, 2023 2:56 pm
Status Last Changed:July 19, 2023 2:56 pm
Photos Last Modified:April 13, 2023 3:06 am
Last Modified:July 19, 2023 6:56 pm
Days on the Market (updated on Last Modified*):22
Cumulative Days on the Market (updated on Last Modified**):22

Additional Information

Unit Location:Corner Unit,High Rise,Interior Hall
Number of Photos Count:25
Area:42
Ref ID:1035524400
Automated Valuation Display:Yes
Courtesy of:The Keyes Company
Universal Property Id:US-12025-N-0242031180400-R-N

Location

Show Property Address:Yes
Street Name:Ocean Dr
Street Number:345
Street Address:345 Ocean Dr 401
Unit Number:401
City : Miami Beach
State : Florida
Zip Code : 33139
County : Miami-Dade County
Full Address:345 Ocean Dr 401, Miami Beach, Florida 33139
Latitude:N25° 46' 22.4''
Longitude:W81° 52' 6.2''

Neighborhood

Postal City:Miami Beach

Property Map

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