Ocean Park Unit 402 For Sale
Property Details
| Asking Price | $675,000 |
|---|---|
| Price per SqFt | $1,055 |
| Maintenance Fee | $800 Monthly |
| Property Taxes | $9,743 2025 |
| Interior Space | 640 SqFt |
| Beds/Baths | 0/1 |
| Year Built | 1967 |
| MLS # | A12113008 |
Location
From the listing
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.
Listed by Compass Florida, LLC
What It Costs to Own
Monthly, before a mortgage and insurance
Maintenance $800 a month; taxes $9,743 for 2025. MLS figures, which may not be accurate.
Sales History for This Unit · Ocean Park Unit 402
| Sale ⇅ | Sold Price ⇅ | Closed Date ⇅ |
|---|---|---|
| A10934578 | $555,000 | 2/26/21 |
What Other Units Have Been Selling For at Ocean Park
1 unit sold at Ocean Park in the last 12 months at an average of $1,000/SqFt · This unit (402) is asking $1,055/SqFt
Below, the most recent sales most like this unit: units with the same bedroom count.
| Unit ⇅ | Sold Price ⇅ | % of Ask ⇅ | Closed Date ⇅ |
|---|---|---|---|
| — | $670,000$1,047/SqFt | 85% | 4/23/13 |
For a full analysis of past sales in this building, contact Mark Zilbert.
Listed by Compass Florida, LLC. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in Miami Beach and throughout South Florida.
Ask Mark About This Listing
Ocean Park Unit 402, 301 Ocean Dr · MLS A12113008 · $675,000
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The curated data and calculated data for this property and its surrounding condo units and homes is based solely on data we have extracted from the MLS. There may be unpublished, private, quit claim and other property offerings and transfers that do not appear here, which may affect how a buyer or seller perceives property values. Always conduct proper due diligence when considering buying or selling property.
More at Ocean Park
At Ocean Park, 3 units are for sale and 1 sold in the last 12 months at an average of $1,000 per SqFt. Unit 402 asks $1,055 per SqFt, above the building's recent sold average. Figures compiled by Mark Zilbert, a Miami Beach real estate agent with ONE Sotheby's International Realty, from MLS records.