$505,000
UNDER CONTRACT $120K PRICE DROP

Estimated payment $4,121/month

Total Views 4,120
1 Bed
1 Bath
656 Sq Ft
$770 Price per Sq Ft

Highlights

  • Doorman
  • Ocean Front
  • Community Center
  • South Pointe Elementary School Rated A-
  • Community Pool
  • 3-minute walk to Marjory Stoneman Douglas Park

About This Home

Experience breathtaking ocean views from this 10th floor, 1bed 1bath at South of 5th’s Ocean Point, where prime southern exposure fills the space with natural light. The unit boasts a private terrace, perfect for enjoying the coastal breeze, an updated kitchen with modern finishes, & newly installed hurricane impact windows & doors, ensuring peace of mind. This prime oceanfront address offers direct access to the beach, a pool overlooking the ocean, 24-hour front desk & assigned parking space. Located in the prestigious South of 5th neighborhood, your within walking distance to Miami Beach’s finest restaurants, shopping, & vibrant nightlife. Whether you're looking for a full-time residence or a vacation getaway, Ocean Point #1001 provides the perfect balance of relaxation & convenience.

Listing Agent

Joseph Schafer

Douglas Elliman License #3087675

Douglas Elliman

Co-Listing Agent

Victoria Alvarez Fuentes

Douglas Elliman License #3363167

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,030

Year Built

  • Built in 1970

HOA Fees

  • $883 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Secured Garage or Parking
  • Assigned Parking

Interior Spaces

  • 656 Sq Ft Home
  • Built-In Features
  • Tile Flooring

Kitchen

  • Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • Closet Cabinetry
  • Walk-In Closet
  • 1 Full Bathroom

Home Security

Additional Features

  • Property has ocean access
  • East of U.S. Route 1
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-118-1990

Community Details

Overview

  • Mid-Rise Condominium
  • Ocean Point Condos
  • Ocean Point Condo Subdivision
  • 11-Story Property

Amenities

  • Doorman
  • Community Center
  • Party Room
  • Laundry Facilities

Recreation

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Security

  • Card or Code Access
  • Phone Entry
  • Complex Is Fenced
  • High Impact Windows
  • High Impact Door

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,030

Year Built

Built in 1970

Lot Details

0

HOA Fees

$883 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1970
  • Property Sub Type: Condominium
  • Co List Office Mls Id: DEOM01
  • Co List Office Phone: 305-695-6300
  • Entry Level: 10
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: OCEAN POINT CONDO
  • Year Built Details: Effective Year Built
  • ResoPropertyType: Residential
  • Special Features: 4224

Interior Features

  • Appliances: Dishwasher, Microwave, Electric Range, Self Cleaning Oven
  • Interior Amenities: Built-in Features, Closet Cabinetry, Walk-In Closet(s)
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Door Features: High Impact Doors
  • Flooring: Tile
  • Living Area: 656
  • Stories: 11
  • Window Features: Clear Impact Glass, High Impact Windows, Impact Glass
  • Bedroom Features: None

Exterior Features

  • View: Ocean View, Water View
  • Exterior Features: East Of Us1
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Ocean Point
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Assigned

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating: Central
  • Heating Yn: Yes
  • Security: Complex Fenced, Doorman, Card Entry, Phone Entry, Secured Garage/Parking

Condo/Co-op/Association

  • Association Fee: 883
  • Amenities: Laundry, Community Room, Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-42-03-118-1990
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: More Than 20 Lbs

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5030

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,030 $384,371 -- --
2023 $5,030 $307,344 $0 $0
2022 $4,832 $298,393 $0 $0
2021 $4,803 $289,702 $0 $0
2020 $4,855 $291,555 $0 $0
2019 $4,733 $285,000 $0 $0
2018 $4,873 $300,200 $0 $0
2017 $5,480 $267,876 $0 $0
2016 $5,305 $243,524 $0 $0
2015 $5,152 $221,386 $0 $0
2014 $4,089 $201,260 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2025 02/28/25 Price Changed $505,000 -3.8% $770 / Sq Ft
01/09/2025 01/09/25 Price Changed $525,000 -7.7% $800 / Sq Ft
12/02/2024 12/02/24 Price Changed $569,000 -4.4% $867 / Sq Ft
11/05/2024 11/05/24 Price Changed $595,000 -4.8% $907 / Sq Ft
10/01/2024 10/01/24 For Sale $625,000 -- $953 / Sq Ft
Source: MIAMI REALTORS® MLS

Deed History

Date Type Sale Price Title Company
Warranty Deed $90,000 --
Warranty Deed $115,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $86,250 No Value Available
Source: Public Records

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Source: MIAMI REALTORS® MLS

MLS Number: A11666646

MIAMI REALTORS® MLS

APN: 02-4203-118-1990