1036 Ocean Dr

Miami Beach, FL 33139

$895,000

$1,228/ft²

2Beds

2Baths

729Sq ft

1964Year built

CondoType

About this home

Own a corner oceanfront residence on iconic Ocean Drive with direct views of Lummus Park, the beach, and the Atlantic. Set in the heart of South Beach, this is a rare intersection of location, design, and performance, an already operating short-term rental, delivered fully turnkey. The layout, created by the combination of two units, offers a flexible two-bedroom configuration that adapts naturally to maximize occupancy and guest experience. Renovated with approved City of Miami Beach permits, the residence also features insulated walls and a new AC system. Maintenance includes all utilities: water, electric, cable and internet. Amenities include rooftop pool and front desk attendant. The building offers a pool, valet parking, and attended service, completing a setting that balances convenience with the elevated expectations of Ocean Drive living. What ultimately defines the space is its presence, bold and cinematic, capturing the essence of Miami at its most iconic with a subtle Scarface-style energy that guests are drawn to and consistently return for. Rarely available on Ocean Drive.

Property details

Listing

MLS #: A11956741
Status: For sale
Listed on: Feb 1, 2026
Days on market: 189 days
Listing data updated: May 8, 2026

Interior

Beds: 2
Baths: 2
Living area: 729 ft²
Price per ft²: $1,228/ft²
Unit: B201

Building & community

Type: Condo
Year built: 1964
HOA fee: $2,466/mo
County: Miami-Dade

Days on market, price per ft² and the monthly HOA amount are calculated by this site from the MLS data shown; the association fee is normalized to a monthly figure.

True monthly cost

Mortgage (principal & interest): $4,526
Property taxes (est.): $821
Home insurance (est.): $600
Flood insurance (est.): —
HOA fee: $2,466

Estimated total$8,413*/mo

* Some cost lines aren't available yet for this listing; the total shown is incomplete.

Based on 20% down, a 6.5% rate and a 30-year loan, plus this home's estimated Florida carrying costs. All figures are illustrative estimates — not quotes, not financial or insurance advice.

Sources: flood zone — FEMA National Flood Hazard Layer; mortgage, taxes and insurance figures — this site's own estimates; HOA / CDD — as reported for this listing.

What will this home really cost you?

Building structural health (SIRS)

No filing record found

We couldn't find a SIRS filing record for this building in Florida's public DBPR database. That is not a red flag by itself: buildings under three stories are exempt, recent or mailed-in filings may not appear yet, and the name or address on file may differ from this listing.

Questions about this

What is a SIRS and why does it matter?

Since the Surfside collapse, Florida requires condo and co-op buildings three stories or taller to complete a Structural Integrity Reserve Study: an inspection-based plan that forces the association to fund structural repairs (roof, load-bearing walls, plumbing, electrical) instead of deferring them. It matters because underfunded buildings are the ones that surprise owners with large special assessments.

Has this building filed its SIRS?

We didn't find a filing record for this building in the DBPR's public database. Absence of a record does not mean the building is out of compliance — it may be exempt (under three stories), the filing may be recent or on paper, or the recorded name/address may differ. It IS the right question to ask before offering.

What is a special assessment?

A one-off charge the association levies on every owner when reserves don't cover a needed repair — in older coastal buildings they have ranged from a few thousand to over $100,000 per unit. The SIRS exists precisely to make these predictable and funded in advance. Always review the building's budget, reserves and meeting minutes before buying.

What should I check before buying in this building?

Florida law gives buyers the right to review the association's SIRS, milestone inspection reports, budget and reserves — the full study is available from the association by written request. Nilyan requests and walks through these documents with her buyers as part of the offer process.

Source: Florida DBPR public SIRS reporting database. Filing status is self-reported by the association; this is not an audit, inspection or safety certification, and absence of a record does not mean non-compliance. Data as of July 30, 2026.

Want the full structural picture of this building before you offer?