About 1024 Ocean Drive #a202
Spacious renovated studio with a balcony in a popular South Beach condo-hotel. Fully licensed for short-term Airbnb rentals. Features a rooftop pool and the famous Palace Bar on the ground floor. Fully renovated in 2023 with new flooring, paint, furniture, doors, and a NEW AC unit. Sold furnished with proven 9 - years rental history. 2024 gross income - $80,000 and 80% occupancy through the year. No hotel program—owners can rent on their own or through any third-party manager. HOA includes all utilities: electricity, water, sewer, internet, TV, and front desk service. Option to continue with the current professional management or choose your own. Strong bookings and high ROI. Turnkey investment with income potential from day one.
Features of 1024 Ocean Drive #a202
| MLS® # | A11824939 |
|---|---|
| USD | $310,000 |
| CAD | $427,701 |
| CNY | 元2,080,472 |
| EUR | €266,759 |
| GBP | £229,005 |
| RUB | ₽26,892,841 |
| Last Listing Price | $315,000 |
| HOA Fees | $1,730 |
| Bathrooms | 1.00 |
| Full Baths | 1 |
| Year Built | 1964 |
| Type | Residential |
| Sub-Type | Condominium |
| Restrictions | No Restrictions |
| Style | Other |
| Unit Floor | 2 |
| Status | Closed |
| HOPA | Yes |
| Membership Equity | No |
Community Information
| Address | 1024 Ocean Drive #a202 |
|---|---|
| Area | 2420 |
| Subdivision | THE STRAND ON OCEAN DRIVE |
| City | Miami Beach |
| County | Miami-Dade |
| State | FL |
| Zip Code | 33139 |
Amenities
| Amenities | Cabana, Elevator(s), Pool, Bar, Maintenance |
|---|---|
| View | Other |
| Is Waterfront | No |
| Has Pool | No |
| Pets Allowed | No |
| Subdivision Amenities | Cabana, Elevator(s), Pool, Bar, Maintenance |
| Security | Fire Alarm, Key Card Entry, Smoke Detector(s) |
Interior
| Interior Features | Other |
|---|---|
| Appliances | Dishwasher, Electric Range, Microwave, Refrigerator |
| Heating | Other |
| Cooling | Central Air |
| Fireplace | No |
| # of Stories | 4 |
| Master Bedroom | Other |
Exterior
| Exterior Features | Balcony |
|---|---|
| Construction | Other |
Additional Information
| Date Closed | September 12th, 2025 |
|---|---|
| Date Listed | June 18th, 2025 |
| Days on Market | 447 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 1730 |
| HOA Fees Freq. | Monthly |
| Parcel ID | 0242033020050 |
Listing Details
| Office | Vera Realty LLC |
|---|