401 Ocean Dr

Miami Beach, FL 33139

$475,000

$721/ft²

1Beds

1Baths

659Sq ft

1970Year built

CondoType

About this home

Discover the epitome of luxury living at 401 Ocean Drive, where every moment is a celebration of the South of Fifth lifestyle! This beautifully updated 1-bedroom plus den residence is not just a home; it's a masterpiece waiting for you to experience. Imagine stepping out of your door and onto the sun-kissed sands, with your light-filled condo offering a spacious open layout that seamlessly connects to a modern renovated kitchen, perfect for culinary creations and entertaining friends. The oversized private balcony is your personal oasis, where you can unwind while soaking in breathtaking sunset views that will leave you mesmerized. The versatile den is an ideal sanctuary for a home office or a chic guest retreat, complemented by generous closet space for all your essentials. Nestled in a meticulously maintained oceanfront building that boasts a completed 50-year recertification and reserve study, residents indulge in resort-style amenities: direct beach access, a sparkling saltwater pool, a rejuvenating sauna, round-the-clock security, gated entry, and an exquisitely renovated pool deck — all with a fitness center on the horizon! Positioned in the vibrant heart of Miami Beach’s coveted South of Fifth neighborhood, this residence is more than just a property; it’s an invitation to elevate your lifestyle to new heights. Don’t let this extraordinary opportunity slip away.

Features

Waterfront

Property details

Listing

MLS #: A12056754
Status: For sale
Listed on: Jul 21, 2026
Days on market: 19 days
Listing data updated: Aug 9, 2026

Interior

Beds: 1
Baths: 1
Living area: 659 ft²
Price per ft²: $721/ft²
Unit: 602

Building & community

Type: Condo
Year built: 1970
HOA fee: $1,134/mo
County: Miami-Dade

Lot & exterior

Waterfront: Yes

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): $2,402
Property taxes (est.): $436
Home insurance (est.): $317
Flood insurance (est.): —
HOA fee: $1,134

Estimated total$4,289*/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?