Home » Miami Beach » 158 Ocean Dr 406, Miami Beach, FL 33139 | A11609788

For Sale 158 Ocean Dr 406, Miami Beach, FL 33139

$287,000
Price has decreased by $33,000

Property Highlights

Listing ID A11609788 Status of this Listing: Active For Sale Property Type Residential Co-Op Stock Cooperative 1 Bathrooms Total 1 Full Bath Living Space 400 Sqft/37.16 m2 approx. Building Area 400 Sqft/37.16 m2 approx. Year Built 1961 Lease Term Minimum Duration: 180 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 180 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 on Rebonus 171 Day(s)

158 Ocean Dr 406, Miami Beach, FL 33139

Property Description: Studio on famous Ocean Dr. in the coveted South of 5th St. neighborhood. Walking distance to everything SouthBeach can offer: night clubs, bars, fine dining, shopping centers, houses of worship, parks, and most importantly the unit is right across from the beach. Perfect income producing investment property. Unit is currently rented at$1800. Association allows rentals the same year after purchase. No short term rentals allowed (Airbnb). Building has its own covered parking lot, but spaces are rented by the HOA. No pets allowed. Maintenance is paid quarterly. Building just obtained its 40 year recertification. CALL OWNER FOR SHOWINGS with 24 hour prior notice, Mon-Fri 10am-6pm. Owner has 2 other units in the building for sale, one is next to this unit.

Residential Co-Op Stock Cooperative For Sale located at 158 Ocean Dr 406 Miami Beach FL 33139 in Miami-Dade referenced as ID MLS # A11609788. Find below more comprehensive details about this property. Get in touch with Rebonus, Realtors to arrange a personal viewing or a live video tour, or to submit an offer. If you are a property owner interested in selling a similar property, contact us and receive a free comparative market analysis. We also provide online video calls and meetings.

Useful Info

Previous Asking Price:$320,000
Original List Price:$320,000

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Effective Year Built
Entry Level (floor):4
Entry Level Location:4
Construction Materials:
  • Block
Flooring:
  • Tile
Number of stories:4

Property Features

View from the Property:
  • Garden
Waterfront:No
Security:
  • Lobby Secured
  • Secured Garage/parking
Appliances:
  • Refrigerator
  • Gas Range
Interior Features:
  • First Floor Entry
Exterior Features:
  • Porch
Patio and Porch Features:
  • Wrap Around
Laundry Features:
  • Common Area
Air Conditioning:Yes
Air Conditioning System:
  • Wall/window Unit(s)
Heating:Yes
Heating System:
  • Wall Furnace
Building Features:
  • Exterior Lighting

Taxes and Expenses

Tax Annual Amount:$3,054

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:$2,262
Association Fee Frequency:
  • Quarterly
Property Tax Status:Tax Reflects No Exemptions

Terms

Listing Terms Considered by Seller:
  • Cash
Occupant Type:
  • Tenant
Buyer Possession:
  • Close Of Escrow
Lease Considered:Yes

Community

Amenities Provided by the Homeowner's Association (HOA):
  • Clubhouse
  • Laundry
  • Elevator(s)
Subdivision Name:OCEAN BEACH FLA SUB
Association Fee Includes:
  • Maintenance Grounds
  • Roof
  • Sewer
  • Water
  • Security
  • Maintenance Structure
  • Common Areas
  • Association Management
  • Reserve Fund
  • Laundry
Complex Name:OCEAN TOWERS INC
Senior Community:No
Restrictions: Exterior Alterations,Okay To Lease 1st Year,Ok To Lease

Parking

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

More Details

Other Information:
Unit ViewGarden View
Housing Older Persons ActNo HOPA
Unit DesignExterior Cat Walk
Type of AssociationHomeowners
Minimum Number of Days for Lease180
Type of Governing BodiesCo-Op
Tax InformationTax Reflects No Exemptions
Number of times allowed to lease per year2
Flood ZoneAE
Homeowner's Association Application Fee150
Style Co-Op 1-4 Stories
FEMA Flood Zone DesignationsAE
Municipal Code2
Subdivision Number77

Zoning and Legal

Tax Legal Description:OCEAN BEACH FLA SUB PB 2-38 LOT 1 BLK 2 OCEAN TOWERS INC - CO-OP #406 4.86% OF OWNERSHIP OR 19573-2068 0301 5
Real Estate Folio Number (Parcel Number):02-42-03-077-0200
Public Survey Township:2
Public Survey Range:42
Public Survey Section:3

Listing History

Update/EventDate/Days
Published Date:June 19, 2024 4:03 pm
On Market Date:June 19, 2024
Price Change Date Time:July 11, 2024 9:03 pm
Last Important Update Description:Price Change
Date and Time of Last Important Update:July 11, 2024 9:03 pm
Status Last Changed:June 19, 2024 4:03 pm
Photos Last Modified:June 21, 2024 8:53 pm
Last Modified:September 30, 2024 9:35 pm
Days on the Market Reference Date:July 12, 2024
Days on the Market (updated on Last Modified*):22
Cumulative Days on the Market (updated on Last Modified**):22

Additional Information

Unit Location:Exterior Cat Walk
Number of Photos:13
Location:,,
Included:,,
Area:42
Automated Valuation Display:Yes
Courtesy of:Marela Properties, LLC
Universal Property Id:US-12025-N-0242030770200-R-N

Location

Show Property Address:Yes
Street Name:Ocean Dr
Street Number:158
Street Address:158 Ocean Dr 406
Unit Number:406
City : Miami Beach
State : Florida
Zip Code : 33139
County : Miami-Dade
Full Address:158 Ocean Dr 406, Miami Beach, FL 33139
Latitude:N25° 46' 10.8''
Longitude:W81° 52' 1.6''

Neighborhood

Postal City:Miami Beach

Property Map

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