301 Ocean Dr # 402, Miami Beach FL 33139

$675,000

Description

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.

Listing courtesy of Joanne Jones, Compass Florida, LLC · Updated 11/4/2026