Unique income property opportunity in the prestigious South of Fifth neighborhood of South Beach presents a Beachfront 5-story, 13-suite boutique condo-hotel steps from the sand! Enjoy panoramic views from your dramatic rotunda w/glass walls overlooking the ArtDeco District, Lummus Park and the ocean! Perfect for investors looking for fast return supported by a 10yr proven record of high occupancy year-round & 6% CAP RATE. Daily rental program by/owner or may elect hotel program. The prime corner is the only condo w/3 terraces in the bldg & boasts an oval shaped expansive sun-drenched living area, split floorpan, wrap-around oceanview, rooftop pool, gym, 24hr valet, bellman & more. Walking distance to top SoFI restaurants, shops, galleries, & prime nightlife. Rarely on market & must see!

Property Details

  • MLS #A10533566
  • TypeCondominiums
  • StatusActive
  • DevelopmentOCEAN FIVE CONDO
  • SubdivisionOCEAN FIVE CONDO
  • Sale TypeRegular Sale
  • Lot Size0
  • Price / Sq.Ft.$1,441
  • Parking Spaces1
  • Swimming PoolYes
  • Days on Market239
  • Year Built2006
  • StyleCondo-Hotel
  • WaterfrontYes
  • FurnishedYes
  • Flooring TypeMarble Floors,Tile Floors
  • Date Listed09/28/2018
  • HOA Fees $1,262
  • Cooling TypeCentral Cooling
  • Heating TypeElectric Heat
  • Taxes Year2017
  • Taxes$17,834

Amenities

  • Bike/Jog Path
  • Elevator
  • Exercise Room
  • Exterior Lighting
  • Private Pool
  • Trash Chute

Interior Features

  • Closet Cabinetry
  • Custom Mirrors
  • Volume Ceilings
  • Walk-In Closets

Exterior Features

  • High Impact Doors
  • Open Balcony
  • Wraparound Porch

The multiple listing information is provided by the MIAMI ASSOCIATION OF REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2019-present MIAMI ASSOCIATION OF REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Worldwide Properties

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