$315,000
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1 Bath
516 SqFt
SOLD DATE : 09/12/2025
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 516 sqft
Price per Sqft $600
Subdivision The Strand On Ocean Drive
MLS Listing ID A11824939
Sold Date 09/12/25
Style Other
Full Baths 1
HOA Fees $1,730/mo
HOA Y/N Yes
Year Built 1964
Annual Tax Amount $5,381
Tax Year 2024
Contingent Pending Inspections
Property Sub-Type Condominium
Property Description
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.
Location
State FL
County Miami-dade
Community The Strand On Ocean Drive
Area 42
Interior
Interior Features Other, Bar
Heating Other
Cooling Central Air
Flooring Laminate
Appliance Dishwasher, Electric Range, Microwave, Refrigerator
Exterior
Exterior Feature Balcony
Pool Association
Amenities Available Cabana, Pool, Elevator(s)
View Other
Porch Balcony, Open
Garage No
Private Pool Yes
Building
Architectural Style Other
Structure Type Other
Others
Pets Allowed No
HOA Fee Include Amenities,Common Areas,Cable TV,Electricity,Hot Water,Internet,Pest Control,Pool(s),Sewer,Security,Trash,Water
Senior Community No
Tax ID 02-42-03-302-0050
Security Features Key Card Entry,Smoke Detector(s)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Listed As-Is
Pets Allowed No
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