20
  • Type
  • Condominium
  • 0
  • Bedroom
  • 1
  • Bathroom
  • 0
  • Garage
  • 407 Sq Ft
  • Area Size
345 Ocean Dr # 718, Miami Beach FL 33139 | Miami-Dade County | A11965700
  • $374,999

Description

Wake up to ocean views this winter in the heart of South of Fifth, Miami Beach’s most coveted oceanfront neighborhood. This light-filled studio offers a rare NE ocean view from a private balcony, creating an ideal coastal retreat just steps from the sand. The unit is thoughtfully designed for comfort and efficiency, kitchen equipped with smart appliances, Nest thermostat with central A/C and heat, new impact windows, brand-new flooring, and a sleek modern bath. Smart home features keep owners connected effortlessly, whether you’re home or away. Newly installed expansive sliding glass doors bring in natural light and ocean breezes, seamlessly connecting the living space to the freshly renovated balcony. Own 1 of 10 Studios available in the building, keeping your monthly maintenance expenses the lowest. The building recently completed major capital improvements, including the exterior, balconies, roof, pool deck with shower, fitness center, and a gated backyard fence around the landscaped beachfront grounds with footbath. Additional enhancements are part of the building’s long-term modernization plan, including renovated spa-style gym/pool bathrooms and saunas. Enjoy direct beach access and walkable proximity to South Pointe Park and South of Fifth’s celebrated dining scene, including Joe’s Stone Crab, Carbone, and Smith & Wollensky. A rare opportunity to own a smart, oceanfront residence in South of Fifth — perfect as a pied-à-terre, beach escape, or refined full-time home.

Property Overview

This is a -bedroom, 1-bath condominium of about 407 square feet at 345 Ocean Dr # 718, Miami Beach FL 33139 (Miami Beach 33139), listed at $374,999.

Monthly Costs, Stated Plainly

The monthly HOA fee is $884.

The tax of record is $4,819 (2025). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $7,500/yr (≈ $625/mo); with the homestead exemption on a primary residence, about $6,500/yr (≈ $542/mo). Confirm with the Miami-Dade Property Appraiser and a tax professional — these are estimates, not quotes.

Frequently Asked Questions

What is the list price, and what typically conveys with a home like this?

The list price is $374,999. The MLS record does not explicitly state the furnished status, so what conveys must be verified; fixtures and built-in appliances are generally included with the home.

This condominium includes access to shared HOA amenities such as a heated pool, bike storage, laundry, a community room, elevators, and a trash chute. For precise details on what is included in the sale, contact Christopher Lazaro, Miami Beach Real Estate Agent, for verification.

Where exactly is it, and what should I know about the location?

The property is located at 345 Ocean Drive in Miami Beach, Florida 33139. This places it directly on the coastal corridor of Miami Beach, offering proximity to the ocean.

For a detailed discussion of the area's specific zoning, traffic patterns, and building codes, you should contact Christopher Lazaro, Miami Beach Real Estate Agent, to verify all relevant information.

What are the HOA / association fees, and what do they cover?

The monthly HOA fee for 345 Ocean Dr #718 is $884. This fee, per the association's governing documents, covers the following items: All Amenities, Building Exterior, Cable TV, Internet/WiFi, Landscaping/Lawn Maintenance, Laundry Facilities, Legal/Accounting, Manager, Reserve Fund, Sewer, Trash Removal, and Water.

An active special assessment is recorded; its specific terms and balance require direct verification with the association. Please also be aware that the community is governed by Miami Beach city ordinances. To review all financials and confirm current obligations, contact Christopher Lazaro, Miami Beach Real Estate Agent, for a detailed report.

What are the property taxes and homestead implications?

The tax of record is $4,819 for 2025. As an estimate only, Florida reassesses upon sale. At the list price of $374,999 and a Miami-Dade rate near 2.0%, the projected annual tax is about $7,500 without a homestead exemption, or about $6,500 with one, which lowers the taxable value for a primary residence. These are estimates, not quotes; confirm with the Miami-Dade Property Appraiser and a tax professional.

For precise verification of these figures and the process, contact Christopher Lazaro, Miami Beach Real Estate Agent.

Is the home in a flood zone, and what does that mean?

The property is located in a high-risk flood zone, specifically Zone AE, as defined by FEMA. This classification means there is at least a 1% annual chance of flooding, which lenders will require flood insurance for.

You can review the official FEMA definitions and View the FEMA flood map for this address. For precise insurance cost estimates and risk assessment, contact Christopher Lazaro, Miami Beach Real Estate Agent.

Are pets allowed?

The MLS record states: 'Restrictions Or Possible Restrictions.' Pets are allowed, with restrictions or possible restrictions. We will pull the association's exact current pet rules for unit 718 on request.

If a documented service animal or ESA is involved, separate federal accommodation rules can apply. For precise verification, contact Christopher Lazaro, Miami Beach Real Estate Agent.

How is the price set and is there room to negotiate?

The price is anchored in the current market reality: Miami-Dade condos have recently been closing at 94% of list, averaging about 64 days on market. A comparative market analysis for this building and vicinity provides the specific figure.

Before you consider an offer, I can provide a detailed CMA for Miami Beach condos. To verify this data and discuss strategy, contact Christopher Lazaro, Miami Beach Real Estate Agent.

What financing step do you recommend before touring?

I recommend securing a mortgage pre-approval before touring any property. This requires connecting with a Florida-licensed mortgage originator, which you can do here. Once you have that letter, contact Christopher Lazaro, Miami Beach Real Estate Agent, to verify the financial step is complete and schedule a viewing of 345 Ocean Dr # 718.

Monthly Fees & Carrying Costs

Association Fee $884 / month
Total Monthly Fees $884 / month
  • Membership Required: No
  • Application Fee: $100 (one-time)

Have a question about this Miami Beach listing?

Talk directly with Christopher Lazaro, your Miami Beach real estate advisor. No pressure — real answers.

  • Address: Ocean Dr
  • City: Miami Beach
  • State/county: Miami-Dade County
  • Zip/Postal Code: 33139
  • Area: OCEAN POINT CONDO

Details

Updated on July 28, 2026 at 10:35 pm
  • Property ID A11965700
  • Price $374,999
  • Property Size 407 Sq Ft
  • Bedroom 0
  • Room 0
  • Bathroom 1
  • Garage 0
  • Year Built 1970
  • Type Condominium
  • Property Status Active, Residential

Additional details

  • Flooring Other
  • Waterfront Features Ocean Access, Ocean Front
  • Bedroom Features Studio
  • Cooling Central Air
  • Association Type Condo
  • Building Ocean Point
  • Association Fee Frequency Monthly
  • Area Ocean Point Condo
  • Annual Tax 4819
  • Association Yes
  • Elementary School South Pointe
  • Private Pool No
  • Listing Terms All Cash, Conventional
  • Waterfront Yes
  • Full Bathrooms 1
  • Subdivision OCEAN POINT CONDO
  • Total Stories 11
  • Restrictions No Lease-1st Year Owned, Ok To Lease
  • Amenities Bike Storage, Laundry, Community Room, Elevator(s), Heated Pool, Other, Trash Chute
  • Parking Other, On Street
  • Heating Central
  • Structure Type Condo 5+ Stories, Condo
  • Tax Year 2025
  • Construction CBS Construction
  • Building Area 407
  • Covered Spaces 0
  • Middle School Nautilus
  • Unit Floor 7
  • View Ocean View, Water View
  • Year Built Details Resale
  • High School Miami Beach
  • Pets Allowed Yes
  • Attached Yes
  • Unit Number 718
  • Inclusions Other,Unrestricted Salt Water Access
  • Half Bathrooms 0
  • Flood Zone AE
  • Patio / Porch Open Balcony
  • New Construction No
  • Garage Spaces 0
  • Style Condo 5+ Stories
  • Association Fee 884
  • Lot Size (Sq Ft) 0
  • Membership Purchase Required No

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