Home » Miami Beach » Royal Atlantic at 465 Ocean Dr Miami Beach » 465 Ocean Dr 505, Miami Beach, FL 33139 | A11433696

465 Ocean Dr 505, Miami Beach, FL 33139 | Sold

$359,000
closed for a price of $342,000

Property Highlights

Listing ID A11433696 Status of this Listing: Closed Sold Property Type Residential Condominium 1 Bedrooms 1 Bathrooms Total 1 Full Bath Living Space 665 Sqft/61.78 m2 approx. Building Area 665 Sqft/61.78 m2 approx. COMMUNITY POOL Year Built 1969 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 253 Days
56 Photos of this Property

465 Ocean Dr 505, Miami Beach, FL 33139

Property Description: Amazing opportunity to buy this 1 bed / 1 bath condo at a phenomenal price. Located in an oceanfront building in the coveted South of Fifth neighborhood featuring modern gym, heated pool, large pool deck with lounge chairs, direct beach access, complementary umbrella/beach chairs for residents and low monthly fees. This is your chance to add your own touches to make this your perfect beach getaway. One assigned and gated parking space is included with the sale, adding more value to this great investment. ***possibility to combine with adjacent unit 506, also for sale***

Useful Info

Contingency:Association Approval
Previous Asking Price:$385,000
Original List Price:$395,000
Close Price:$342,000
If Bank REO, Short Sale, As Is, etc.:
  • Listed As-is
More Listings Same Building:Royal Atlantic at 465 Ocean Dr Miami Beach

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Levels:One
Entry Level (floor):5
Entry Level Location:5
Construction Materials:
  • Block
Flooring:
  • Other
  • Vinyl
Number of stories:11
Stories:1

Property Features

View from the Property:
  • Other
Waterfront:Yes
Waterfront Features:
  • Ocean Front
Swimming Pool Features:
  • Heated
  • Association
Security:
  • Closed Circuit Camera(s)
  • Complex Fenced
  • Secured Garage/parking
Furnished:
  • Unfurnished
Appliances:
  • Other
Interior Features:
  • Living/dining Room
  • Walk-in Closet(s)
Exterior Features:
  • Balcony
Patio and Porch Features:
  • Balcony
  • Open
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
  • Electric
Heating:Yes
Heating System:
  • Central
  • Electric
Property Entrance Faces:
  • West

Taxes and Expenses

Tax Annual Amount:$5,698

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:2023
Association Fee:$615
Association Fee Frequency:
  • Monthly
Property Tax Status:Tax Reflects No Exemptions

Terms

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

Community

Amenities Provided by the Homeowner's Association (HOA):
  • Pool
  • Sauna
  • Bike Storage
  • Trash
  • Clubhouse
  • Elevator(s)
  • Fitness Center
Subdivision Name:ROYAL ATLANTIC CONDO
Association Fee Includes:
  • Sewer
  • Water
  • Trash
  • Cable Tv
  • Pest Control
  • Association Management
  • Insurance
  • Parking
  • Internet
  • Hot Water
  • Legal/accounting
  • Amenities
  • Laundry
Complex Name:ROYAL ATLANTIC CONDO
Senior Community:No
Restrictions: No Lease 1st Year Owned

Parking

Garage:Yes
Garage Spaces:1
Covered Spaces:1
Parking Features:
  • One Space
  • Garage
  • Assigned
  • Detached

Public Schools Assigned

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

Elementary School:Oakhurst Elementary-pn
High School:Miami Beach
Middle Or Junior School:Nautilus

Utilities

Utilities Available:
  • Cable Available

More Details

Other Information:
Unit View: Other View
Housing Older Persons Act: No HOPA
Water Access: Other
Unit Design: East Of Us1
Type of Association: Condo
Minimum Number of Days for Lease: 365
Type of Governing Bodies: Condominium
Tax Information: Tax Reflects No Exemptions
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: 97
Buy State: New York
Buyer Country of Residence: USA
Water Access Description:Other

Zoning and Legal

Tax Legal Description:ROYAL ATLANTIC CONDO UNIT 505 FIFTH FLOOR UNDIV .004019% INT IN COMMON ELEMENTS CLERKS FILE 69R-162432 OR 19016-215 0300 1
Real Estate Folio Number (Parcel Number):02-42-03-097-0690
Public Survey Township:2
Public Survey Range:42
Public Survey Section:3

Listing History

Update/EventDate/Days
Published Date:August 10, 2023 11:06 am
On Market Date:August 10, 2023
Close Date:April 19, 2024
Price Change Date Time:February 21, 2024 7:20 am
Last Important Update Description:Closed
Date and Time of Last Important Update:April 22, 2024 1:46 pm
Status Last Changed:April 22, 2024 1:46 pm
Photos Last Modified:February 2, 2024 10:22 pm
Last Modified:April 22, 2024 5:47 pm
Days on the Market Reference Date:April 22, 2024
Days on the Market (updated on Last Modified*):180
Cumulative Days on the Market (updated on Last Modified**):279

Additional Information

Unit Location:East Of Us1
Number of Photos Count:56
Area:42
Ref ID:1041235484
Automated Valuation Display:Yes
Courtesy of:ReLink Real Estate, LLC.
Universal Property Id:US-12025-N-0242030970690-R-N

Location

Show Property Address:Yes
Street Name:Ocean Dr
Street Number:465
Street Address:465 Ocean Dr 505
Unit Number:505
City : Miami Beach
State : Florida
Zip Code : 33139
County : Miami-Dade County
Full Address:465 Ocean Dr 505, Miami Beach, FL 33139
Latitude:N25° 46' 27.9''
Longitude:W81° 52' 7.4''

Neighborhood

Postal City:Miami Beach

Property Map

Mortgage Calculator

Mortgage Calculator

Please note: The calculator shows the current listing asking price as home value. Update all fields at your convenience.

Calculate Your Mortgage Payment

$.00
$.00
6.5
30

Taxes and Insurance

$.00
$.00
%

Financial Analysis

%

%

$

$

$

$

$