About This Property
Residential in Miami Beach
Oceanfront living in coveted South of Fifth with income in place. Residence 402 at Ocean Park is a bright, open 640 sq ft studio with protected south-facing park views. Polished concrete floors, an exposed concrete column, and crisp white cabinetry create a modern-industrial, light-filled space. The kitchen offers a stainless refrigerator, smooth-top cooktop, built-in oven, and ample storage, plus a window counter that seats three for dining or work. A built-in credenza and tall wardrobe add rare studio storage. Also features an updated bath, in-unit washer and dryer, central A/C, and a private balcony overlooking the treetops. Ocean Park is a boutique six-story, 45-residence building on the beach, built in 1967, with its 50-year recertification complete. Enjoy direct beach access, the beachwalk, keypad entry, cameras, an elevator, and one assigned covered, gated parking space plus guest parking. No pool or gym; fitness options are within walking distance. Rental policy: 6-month minimum lease, no leasing in the first year of ownership, association approval required for tenants, no pets. Leased at $3,200/month through 12/22/2026. The tenant would like to stay, so an investor can renew and keep income from day one, or the tenant can vacate on 12/22. Walk to the park, pier, marina, Ocean Drive, and South of Fifth dining, with Lincoln Road, the Art Deco District, Downtown, and Brickell minutes away.
Features & Amenities
Property Highlights
View
- Garden
Cooling
- Electric
Heating
- Electric
Flooring
- Concrete
Amenities
- Elevator(s)
- Laundry
- Management
- Parking
- Trash Chute
- None
Appliances
- Dryer
- Ice Maker
- Microwave
- Oven
- Refrigerator
- Washer
Possession
- Close Of Escrow
Dining Area
- Breakfast Area
- Eat-In Kitchen
Water Access
- Ocean Access
- Other
Listing Terms
- Cash
- Conventional
- Cryptocurrency
ParkingFeatures
- Attached
- Attached Garage
- Covered
- Garage
- Guest
- Under Building
Pets Allowed YN
- No
Window Features
- Blinds
Association Type
- Condominium
ExteriorFeatures
- Lighting
InteriorFeatures
- Built-in Features
Parking Features
- Covered
- Guest
- Under Building
- Attached
- Attached Garage
- Garage
SecurityFeatures
- Entry - Phone/Intercom
Unit Description
- Exterior Catwalk
- Garden Apartment
- Studio
- High Rise
Exterior Features
- Lighting
Interior Features
- Built-in Features
Security Features
- Entry - Phone/Intercom
Master BedroomBath
- Separate Shower
WaterfrontFeatures
- Other
- Ocean Access
- Ocean
Waterfront Features
- Ocean
AssociationAmenities
- Elevator(s)
- Laundry
- Management
- Parking
- Trash Chute
- None
Showing Requirements
- 24 Hour Notice
- Appointment Only
- Listing Agent Must Accompany
Construction Materials
- Block
Application Information
- 1-2 Weeks Approval
- Association Approval Required
Association Fee Includes
- Elevator
- Hot Water
- Insurance
- LegalAccounting
- Maintenance Structure
- Reserve Funds
- Sewer
- Trash
- Water
Leasing
- Minimum lease: 181 days
- Leases per year: 2
- Leasing Prohibited 1st 2 Years
Specifications
Property Details
Location