Condo (co-op) in 158 Ocean Drive 203, Miami Beach, FL 33139 for sale with MLS# A12085617

Location, Location, Location. Studio on iconic Ocean Drive in the highly desirable South of Fifth neighborhood. Ideally located just steps from world-class dining, nightlife, shopping, parks, and directly across from the beach.The building offers covered parking, with spaces available for rent through the HOA, and has recently completed its 40-year recertification. No pets permitted.An excellent income-producing opportunity, the unit is currently rented for $1,800/month. The building allows rentals immediately after purchase; short-term rentals and Airbnb are not permitted.The owner is also offering an additional unit in the building for sale, providing a potential opportunity to acquire multiple units.Showings are available Monday through Friday, 10:00 AM-6:00 PM, with 24-hour notice. Please contact the owner/agent to schedule.

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158 Ocean Drive 203, Miami Beach, FL 33139

Price
Price:
$270,000.00
Original List Price:
$270,000.00
List Price per Sq Ft (Calculated, Approx.):
$675.00
Property Status and Type
Listing Type:
For Sale
Status:
Active
Listing Category:
Residential
Property Type:
Co-Op Stock Cooperative
Description of Last Important Update:
New Listing
Last Major Update on:
September 1, 2026 4:00 am
Other Special Conditions:
Sold As-is
Rooms Distribution
Bathrooms Total:
1
Full Bath:
1
Master Bedroom Bath:
Combo Tub/shower, Bedroom On Entry Level
Measures
Living Area:
400 Sqft
Built-Up Area:
400 Sqft
Property Features
View from the Property:
Garden, Skyline
Waterfront:
No
Security:
Secured Garage/Parking, Security Fence, Elevator Secure
Accessibility:
Accessible Elevator Installed
Appliances:
Refrigerator, Gas Range, Gas Water Heater, Ice Maker
Exterior:
Lighting
Patio and Porch:
Porch, Porch - Open
Air Conditioning
Air Conditioning System:
Wall/window Unit(s)
Heating
Heating System:
Window/wall
Unit Description:
Corner/end Unit, Exterior Catwalk, Studio
Storm Protection Impact Glass:
Partial
Construction
Year Built:
1961
Levels:
Two
Entry Level (floor):
1
Construction Materials:
CBS
Flooring:
Ceramic Tile
Number of stories:
4
Flood Zone Code:
AE
Taxes and Expenses
Tax Annual Amount:
$2,729.00
Tax Year:
2025
Association Fee:
$2,890.00
Association Fee Frequency:
Quarterly
Property Tax Details:
Tax Reflects No Exemptions
Parking
Garage Spaces:
0
Covered Spaces:
0
Parking Features:
Covered, Under Building, Space Rented
Community
Association
Application Required
Application Fee:
$150.00
Application Information:
1-2 Weeks Approval, Association Approval Required
Association Type:
Homeowner Association, Co-op
Lease Number Times per Year Allowed:
2
Amenities Provided by the Homeowner's Association (HOA):
Community Room, Laundry, Management, Elevator(s)
Subdivision Name:
OCEAN BEACH FLA SUB
Association Fee Includes:
Maintenance Grounds, Sewer, Water, Maintenance Structure, Common Areas, Elevator, Reserve Funds, Roof Repairs
Senior Community:
Yes
Restrictions:
Other Restrictions
Minimum Days per Lease:
365
Leasing Permitted
Leasing Permitted Details:
Okay To Lease During First Year
Terms
Listing Terms Considered by Seller:
Cash, Conventional, VA Loan
Buyer Possession:
Close Of Escrow
Zoning and Legal
Tax Legal Description:
OCEAN BEACH FLA SUB PB 2-38 LOT 1 BLK 2 OCEAN TOWERS INC - CO-OP #203 4.03% OF OWNERSHIP OR 13248-2980-2981 0487 1
Real Estate Folio Number (Parcel Number):
0242030770030
Public Schools Assigned
Elementary School:
Dr. Phillips Elem
High School:
Miami Beach
Middle Or Junior School:
Miami Beach Nautilus
Listing History
Active on the market since:
September 1, 2026
Listing Agreement executed on:
September 1, 2026
Listing Status Last Changed On:
September 1, 2026 4:00 am
Photos updated on:
September 11, 2026 3:05 pm
Last Modified:
September 11, 2026 3:05 pm
Additional Information
Courtesy of:
Marela Properties, LLC
Attribution:
Not provided
Location
Floor Number:
2
Street Name:
Ocean
Street Number:
158
Unit Number:
203
City:
Miami Beach
State:
Florida
Zip Code:
33139
County:
Miami-Dade
Latitude:
N25° 46' 14.6''
Longitude:
W81° 52' 0.9''
Street Suffix:
Drive
Property Map

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Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $63,368
Median Home Value $480,500
Median Rent $1,745/mo
Median Age 42
Population 34,406

Air Quality

Source: AirNow.gov · Miami

🌬️ Air Quality Index (AQI) 50 Good
☀️ O3 30 Good
🫁 PM2.5 50 Good
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Association of REALTORS®
Disclaimer: IDX listing information is presented by Rebonus Brokerage LLC for consumer informational purposes only. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by the MLS or the real estate broker. This page presents structured listing information sourced directly from the MLS via the RESO Web API feed. Rebonus prioritizes maximum field coverage and data completeness, displaying the most granular MLS-provided attributes available.