Spacious renovated studio with a balcony in a popular South Beach condo-hotel. Fully licensed for short-term Airbnb rentals. Features a rooftop pool and the famous Palace Bar on the ground floor. Fully renovated in 2023 with new flooring, paint, furniture, doors, and a NEW AC unit. Sold furnished with proven 9 - years rental history. 2024 gross income - $80,000 and 80% occupancy through the year. No hotel program—owners can rent on their own or through any third-party manager. HOA includes all utilities: electricity, water, sewer, internet, TV, and front desk service. Option to continue with the current professional management or choose your own. Strong bookings and high ROI. Turnkey investment with income potential from day one.
For sale
$315,000
1024 Ocean Dr #A202, Miami Beach, FL 33139
0beds
516sqft
Est.:
Condominium
Built in 1964
-- sqft lot
$-- Zestimate®
$610/sqft
$1,730/mo HOA
What's special
Renovated studioNew ac unitRooftop poolNew flooring
- 18 days
- on Zillow |
- 402 |
- 17 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: June 27, 2025 at 07:58am
Listed by:
Irina Dyagleva 305-812-5085,
Vera Realty LLC
Source: MIAMI,MLS#: A11824939
Originating MLS: A-Miami Association of REALTORS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Other
Cooling
- Central Air
Appliances
- Included: Dishwasher, Microwave, Electric Range, Refrigerator
Features
- Other
Interior area
- Total structure area: 516
- Total interior livable area: 516 sqft
Video & virtual tour
Property
Parking
- Parking features: None
Features
- Exterior features: Other, Balcony
- Pool features: Association
- Has view: Yes
- View description: Other
Details
- Parcel number: 0242033020050
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Other
Condition
- Year built: 1964
Community & HOA
Community
- Security: Fire Alarm, Smoke Detector, Card Entry
- Subdivision: The Strand On Ocean Drive
HOA
- Has HOA: Yes
- Amenities included: Bar, Cabana, Elevator(s), Pool
- HOA fee: $1,730 monthly
- Application fee: $0
Location
- Region: Miami Beach
Financial & listing details
- Price per square foot: $610/sqft
- Annual tax amount: $5,381
- Date on market: 6/18/2025
- Listing terms: All Cash,Conventional
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