Home » Miami Beach » The Presidential at 401 Ocean Drive Miami Beach » 401 Ocean Dr 607, Miami Beach, FL 33139 | A11589332

401 Ocean Dr 607, Miami Beach, FL 33139 | Sold

$375,000
closed for a price of $340,000

Property Highlights

Listing ID A11589332 Status of this Listing: Closed Sold Property Type Residential Condominium 1 Bathrooms Total 1 Full Bath Living Space 538 Sqft/49.98 m2 approx. Building Area 538 Sqft/49.98 m2 approx. Year Built 1970 Waterfront Has view of the Ocean 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 51 Days
39 Photos of this Property

401 Ocean Dr 607, Miami Beach, FL 33139

Property Description: Best budget friendly opportunity to own an ocean front property in structurally and financially strong condominium with low HOA South of Fifth right on the beach. Spacious studio with direct ocean view overlooking the pool and Miami Beach signature tropical beach entrance. Open kitchen-living room plan awaiting your personal touches, brand new impact windows and sliding door, porcelain floors, newer central A/C unit, neat and clean. Low Maintainance fee includes: water, cable, internet, front desk security, commercial laundry facility on each floor, brand new pool & pool deck, landscaping, management company and additional storage space. HOA Reserve Funds. Fully paid assessments. 1 year min lease period after 1 year ownership

Useful Info

Contingency:Other
Original List Price:$375,000
Close Price:$340,000

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Year Built Details:
  • New Construction
Entry Level (floor):6
Entry Level Location:6
Construction Materials:
  • Block
  • Brick
Flooring:
  • Ceramic Tile
Number of stories:11
Number of Units in the Community or Building:238

Property Features

Has View:Yes
View from the Property:
  • Pool
  • Ocean
  • Water
Waterfront:Yes
Waterfront Features:
  • Ocean Access
Security:
  • Door Man
  • Security Guard
  • Elevator Secured
  • Lobby Secured
  • Closed Circuit Camera(s)
  • Phone Entry
  • Secured Garage/parking
  • Fire Alarm
Appliances:
  • Dishwasher
Interior Features:
  • First Floor Entry
  • Closet Cabinetry
  • Kitchen Island
  • Custom Mirrors
  • Elevator
  • Handicap Access
Exterior Features:
  • Security/high Impact Doors
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating:Yes
Heating System:
  • Central

Taxes and Expenses

Tax Annual Amount:$4,467

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:$620
Association Fee Frequency:
  • Monthly
Property Tax Status:Tax Reflects No Exemptions

Terms

Listing Terms Considered by Seller:
  • Cash
Occupant Type:
  • Call Agent
Buyer Possession:
  • Close Of Escrow
Buyer Financing:
  • Cash
Lease Considered:No

Community

Amenities Provided by the Homeowner's Association (HOA):
  • Hobby Room
  • Pool
  • Sauna
  • Clubhouse
  • Storage
  • Elevator(s)
Subdivision Name:THE PRESIDENTIAL CONDO
Association Fee Includes:
  • Maintenance Grounds
  • Roof
  • Sewer
  • Water
  • Trash
  • Cable Tv
  • Pool(s)
  • Security
  • Maintenance Structure
  • Association Management
  • Internet
  • Amenities
  • Laundry
Complex Name:Presidential Condominium
Senior Community:No
Restrictions: No Lease 1st Year Owned, See Remarks

Parking

Garage Spaces:0
Covered Spaces:0
Parking Features:
  • Garage Door Opener
  • None

Public Schools Assigned

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

Elementary School:Cleveland Court Elem
High School:Miami Beach
Middle Or Junior School:Feinberg-fisher K8

More Details

Other Information:
Unit View: Ocean View,Direct Ocean,Pool Area View,Water View
Housing Older Persons Act: No HOPA
Unit Design: East Of Us1,Lobby
Type of Association: Condo,Homeowners
Minimum Number of Days for Lease: 365
Type of Governing Bodies: Homeowner Association
Tax Information: Tax Reflects No Exemptions
Number of times allowed to lease per year: 1
Flood Zone : AE
Homeowner's Association Application Fee: 150
Style: Condo 5+ Stories
FEMA Flood Zone Designations: AE
Municipal Code: 1
Subdivision Number: 120
Buy State: New York
Buyer Country of Residence: USA
Water Access Description:Deeded Beach Access,Unrestricted Salt Water Access

Zoning and Legal

Tax Legal Description:THE PRESIDENTIAL CONDO UNIT 607 SIXTH FLOOR UNDIV .003487 % INT IN COMMON ELEMENTS CLERKS FILE 70R138967 OR 15656-1509 0992 5 COC 23894-4428
Real Estate Folio Number (Parcel Number):02-42-03-120-0960
Public Survey Township:1
Public Survey Range:42
Public Survey Section:3

Listing History

Update/EventDate/Days
Published Date:June 3, 2024 1:03 pm
On Market Date:June 3, 2024
Close Date:July 24, 2024
Price Change Date Time:May 16, 2024 6:13 pm
Last Important Update Description:Closed
Date and Time of Last Important Update:July 24, 2024 2:40 pm
Status Last Changed:July 24, 2024 2:40 pm
Photos Last Modified:June 4, 2024 2:32 am
Last Modified:July 24, 2024 6:41 pm
Days on the Market Reference Date:July 24, 2024
Days on the Market (updated on Last Modified*):25
Cumulative Days on the Market (updated on Last Modified**):25

Additional Information

Unit Location:East Of Us1,Lobby
Number of Photos Count:39
Area:42
Ref ID:1076034515
Automated Valuation Display:Yes
Courtesy of:London Foster Realty
Universal Property Id:US-12025-N-0242031200960-R-N

Location

Show Property Address:Yes
Street Name:Ocean Dr
Street Number:401
Street Address:401 Ocean Dr 607
Unit Number:607
City : Miami Beach
State : Florida
Zip Code : 33139
County : Miami-Dade County
Full Address:401 Ocean Dr 607, Miami Beach, FL 33139
Latitude:N25° 46' 24.3''
Longitude:W81° 52' 6.5''

Neighborhood

Postal City:Miami Beach

Property Map

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