401 Ocean Dr # 1024, Miami Beach FL 33139 | Miami-Dade County | A11835120
- $569,000
- Condominium
- 1
- 1
- 1
- 655 Sq Ft
- $569,000
Description
Amazing wide open ocean views from this high floor, updated condo- a hard to find combination in oceanfront South of 5th St neighborhood! Parking available for an additional $50k. Spacious balcony to take in the majestic views, impact windows & doors, porcelain tile floors throughout, marble bath w/glass shower doors & pedestal sink, open kitchen w/granite countertops & stainless steel appliance including side-by-side fridge & flat top range, great closets including 2 walk-ins, & upgrades such as smoothed ceilings, upgraded doors, & Titan water heater. In newly updated bldg w/new Oceanfront heated pool & sundeck, new elevators, new roof, new exterior renovation complete, & new gym in process. Modernized building w/keyless entry system, cable, internet & complimentary beach service.
Property Overview
This is a 1-bedroom, 1-bath condominium of about 655 square feet at 401 Ocean Dr # 1024, Miami Beach FL 33139 (Miami Beach 33139), listed at $569,000.
Monthly Costs, Stated Plainly
The monthly HOA fee is $1,150.
The tax of record is $6,688 (2024). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $11,380/yr (≈ $948/mo); with the homestead exemption on a primary residence, about $10,380/yr (≈ $865/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 for 401 Ocean Dr # 1024 is $569,000. Fixtures and built-in appliances generally convey with the home, but the MLS record does not state if the unit is furnished; you must confirm exactly what conveys.
Separate from the unit, the community provides shared amenities including a heated pool, pool, exercise room, community room, bike storage, laundry, elevators, trash chutes, and exterior lighting. Contact Christopher Lazaro, Miami Beach Real Estate Realtor, to verify these details.
Where exactly is it, and what should I know about the location?
The property is located at 401 Ocean Dr # 1024, Miami Beach FL 33139, situated within the coastal corridor of Miami Beach 33139. This unit is listed at $569,000.
Contact Christopher Lazaro, Miami Beach Real Estate Realtor, to verify location details.
What are the HOA / association fees, and what do they cover?
The monthly HOA fee is $1,150. This payment covers All Amenities, Cable Tv, Common Area, Internet/WiFi, Landscaping/Lawn Maintenance, Laundry Facilities, Legal/Accounting, Manager, Pest Control Interior, Pool Service, Reserve Fund, Sewer, Trash Removal, and Water.
The community is subject to city ordinances found at https://library.municode.com/fl/miami-beach/codes/code_of_ordinances. Contact Christopher Lazaro, Miami Beach Real Estate Realtor, to verify these details.
What are the property taxes and homestead implications?
The tax of record is $6,688 (2024). As an ESTIMATE ONLY—since Florida reassesses at sale—at this price and a Miami-Dade rate near 2.0%, annual taxes are about $11,380/yr (≈ $948/mo) without homestead, or about $10,380/yr (≈ $865/mo) with the homestead exemption on a primary residence. Florida's homestead exemption lowers taxable value only for a primary residence.
Confirm these figures with the Miami-Dade Property Appraiser and a tax professional, as these are estimates, not quotes. Contact Christopher Lazaro, Miami Beach Real Estate Realtor, to verify.
Is the home in a flood zone, and what does that mean?
Flood zones identify areas at risk of flooding, as defined in the FEMA glossary. Lenders often require flood insurance for properties located in high-risk zones. View the FEMA flood map for this address to see the specific designation for 401 Ocean Dr # 1024.
Contact Christopher Lazaro, Miami Beach Real Estate Realtor, to verify these details.
Are pets allowed?
Records indicate pets are not allowed or are heavily restricted at 401 Ocean Dr # 1024. Service animals are protected under the ADA and Fair Housing Act and generally cannot be categorically banned. Emotional Support Animals (ESAs) are treated as a reasonable accommodation under the FHA rather than pets, similar to a wheelchair, provided there is proper documentation subject to association review and evolving 2026 HUD guidance.
Review this guidance and this article, then consult a Florida real-estate attorney. Contact Christopher Lazaro, Miami Beach Real Estate Realtor, to verify current rules.
How is the price set and is there room to negotiate?
The list price of $569,000 reflects current market data. Miami-Dade condos have recently been closing at 94% of list, about 64 days on market (MIAMI REALTORS®, May 2026).
The specific valuation for 401 Ocean Dr # 1024 comes from a CMA. I will provide a Miami Beach-specific CMA before you set an offer. Contact Christopher Lazaro, Miami Beach Real Estate Realtor, to verify these details.
What financing step do you recommend before touring?
Secure a pre-approval before touring 401 Ocean Dr # 1024 to ensure your budget aligns with the $569,000 list price. You should seek the advice of a Florida Licensed Mortgage Loan Officer to establish your buying power.
Contact Christopher Lazaro, Miami Beach Real Estate Realtor, to verify these details.
Monthly Fees & Carrying Costs
| Association Fee | $1,150 / month |
| Total Monthly Fees | $1,150 / 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
Open on Google Maps-
Address: Ocean Dr
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City: Miami Beach
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State/county: Miami-Dade County
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Zip/Postal Code: 33139
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Area: THE PRESIDENTIAL CONDO, The Presidential Con, THE PRESIDENTIAL CONDO,THE PRESIDENTIAL CON
Details
Updated on July 4, 2026 at 5:43 pm-
Property ID A11835120
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Price $569,000
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Property Size 655 Sq Ft
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Bedroom 1
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Room 0
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Bathroom 1
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Garage 1
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Year Built 1970
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Type Condominium
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Property Status Active, Residential
Additional details
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Waterfront Features Ocean Front
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Bedroom Features Entry Level
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Cooling Central Air
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Association Type Condo
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Building THE PRESIDENTIAL CONDO
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Association Fee Frequency Monthly
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Area The Presidential Condo
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Annual Tax 6688
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Association Yes
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Elementary School South Pointe
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Private Pool No
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Listing Terms All Cash, Conventional
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Waterfront Yes
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Full Bathrooms 1
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Subdivision THE PRESIDENTIAL CONDO,THE PRESIDENTIAL CON
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Total Stories 11
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Restrictions Ok To Lease
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Amenities Bike Storage, Laundry, Community Room, Elevator(s), Exercise Room, Exterior Lighting, Heated Pool, Pool, Trash Chute
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Parking 1 Space, Assigned
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Heating Central
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Structure Type Condo 5+ Stories, Condo
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Tax Year 2024
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Construction CBS Construction
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Building Area 655
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Covered Spaces 1
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Unit Floor 10
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View Ocean View, Direct Ocean, Water View
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Year Built Details Resale
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Pets Allowed No
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Attached Yes
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Unit Number 1024
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Inclusions Unrestricted Salt Water Access, Attended,Beach,Beach Access
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Half Bathrooms 0
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Flood Zone AE
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Patio / Porch Open Balcony
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New Construction No
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Garage Spaces 1
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Style Condo 5+ Stories
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Association Fee 1150
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Lot Size (Sq Ft) 0
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Membership Purchase Required No
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