Neighborhood
1460 506 Ocean Dr #, Miami Beach, FL 33139
3 beds · 2 baths · 1,220 sq ft · Residential Condominium · Last Sold: $765K in 2022 · Built: 1937
Est. Rent:
$2.2K/month

1460 506 Ocean Dr # Miami Beach, FL 33139

3 beds · 2 baths · 1,220 sq ft · Residential Condominium · Miami Beach City Center

Owned for Less Than 5 Years

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1460 506 Ocean Dr # is in the Miami Beach City Center neighborhood of Miami Beach, FL. It is located in Miami-Dade County and ZIP code 33139. This Residential Condominium was built in 1937 and is approximately 88 years old. The residential condominium spans 1220 sq ft with 3 bedrooms and 2 bathrooms. According to public records, it was last sold in 2022 for $765,000 and has a tax-assessed value of $720,000. The Miami Beach City Center area of Miami Beach has 197 residential homes with an average size of 1943 sq ft. Analyze and compare real estate investment strategies for properties like this home at 1460 506 Ocean Dr # Miami Beach, FL 33139 with Property Intel by Whitepages.

Investment Potential for 1460 506 Ocean Dr #

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Long-Term

Gross Rental
$26,400 per year($2,200 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
—
Occupancy Rate
64%in 33139 zip code
 
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Owners & Occupancy for 1460 506 Ocean Dr #

No contact information is available.

Occupancy

Current Occupancy******View Occupancy

Property Details for 1460 506 Ocean Dr #

Property Details

Property Sq Ft

Living Area

1,220 sq ft

37% below market

Property condition, age, exterior, etc. for 1460 506 O…
Longitude: -80.129824 Latitude: 25.787401 Parcel Number (APN): 02-3234-082-0290…
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Market Benchmarks

Compare data for 1460 506 Ocean Dr # in Miami-Dade County to the median in the neighborhood area and surrounding markets, where available.
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Property
State
Difference
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YoY Price Change
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Year Built
1937
1997
-60 years
Living Space
1,220 sq ft
1,548 sq ft
-328 (-21%)
$ Per Living Sq Ft
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—
Lot Size
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$ Per Lot Sq Ft
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Net Operating Income
$*****
$20,231
-$10,193 (-50%)
Annual Revenue
$26,400
$30,000
-$3,600 (-12%)
$*****
$9,511
$6,851 (72%)
Net Operating Income
$*****
$20,231
-$10,193 (-50%)
Cap Rate
—
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Home Value Comparison: Property vs. Local and Regional 3-Bed Residential Condominium Medians

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