$499,000
401 Ocean Drive 1001
Miami Beach, FL 33139
Explore the area: Miami Beach homes for sale · Miami Dade County real estate
Price Check
How this price compares
- List price
- $499,000
- Price per sq ft
- $748
- Vs. nearby sales
- 11.6% above
- Days on market
- 62
This 1-bedroom condo in The Presidential Condo is listed at $499,000, or $748 per square foot. The asking price has come down 5% from its original $525,000. It has been on the market for 62 days. The 6 most recent condo sales in the closings shown below sold at a median of $670 per square foot, so the asking price is 11.6% above what comparable homes here actually sold for.
Estimated monthly payment
$2,622 /mo
Principal and interest only, based on $99,800 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $1,163/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $499,000
- Days on Site
- 62 Days
- Bedrooms
- 1
- Total Baths
- 1
- Full Baths
- 1
- Partial Baths
- 0
- Living Area
- 667 sqft
- Total Sq Ft
- 667 sqft
- Year Built
- 1970
- Property Type
- Condo
- MLS #
- A12043385
- Property Tax
- $6,478 (2025)
- HOA Fees
- $1,163 / Monthly
- Subdivision
- THE PRESIDENTIAL CONDO
- County
- Miami Dade
- Status
- Active
- Special Conditions
- Real Estate Owned / Listed As Is
About This Property
South of Fifth. Oceanfront. Sunset Views.Welcome to 401 Ocean Drive, an exceptional opportunity to own in South of Fifth (SoFi)—Miami Beach's most coveted neighborhood. Perched on the 10th floor, this west-facing one-bedroom, one-bath residence offers breathtaking sunset and skyline views, filling the home with warm golden light each evening.Located directly on the sand, this oceanfront building sits along one of the most famous beaches in the world and adjacent to iconic Lummus Park, where miles of beachfront walking and biking paths are just outside your door. From morning coffee by the ocean to evening sunsets from your private balcony, every day feels like a vacation.SoFi is renowned for its walkability, luxury lifestyle, and world-class dining. Just moments away are celebrated restaurants including Joe's Stone Crab, Prime 112, Carbone, and Smith & Wollensky, along with South Pointe Park, the marina, and the vibrant energy of Ocean Drive.Whether you're looking for a primary residence, vacation home, or investment property, this residence offers an unbeatable combination of location, lifestyle, and value.At $525,000, this is one of the best opportunities to own an oceanfront property in South of Fifth—where luxury living, endless sunsets, and the best of Miami Beach come together.
Virtual TourGeneral Features
- Property Type
- Condo
- Status
- Active
- Year Built
- 1970
- Number of Stories
- 11
- Garage Spaces
- 1
- Living Sq Ft
- 667
- Total Sq Ft
- 667
Interior Features
- Appliances
- Dishwasher / Electric Range / Electric Water Heater / Microwave
- Cooling
- Electric
- Heating
- Central
- Flooring
- Ceramic Tile
- Interior Features
- Elevator / Main Level Primary
Exterior Features
- Construction
- Block / Pre Cast Concrete
- Exterior Features
- Balcony / Outdoor Living Area
- Pool Features
- Heated
- Patio & Porch
- Deck / Open / Balcony
- Waterfront
- Yes
- Waterfront Features
- Beach Access / Deeded Access / Ocean Front
- View
- Bay / Intercoastal
Community & HOA
- HOA Fee
- $1,163 / Monthly
- HOA Includes
- Common Areas / Cable Tv / Pools
- Association Amenities
- Fitness Center / Pool / Trash / Elevators
- Security
- Elevator Secured / Fire Sprinkler System / Key Card Entry / Lobby Secured
- Pets Allowed
- Yes
- Financing Terms
- Cash / Conventional / FHA / Va Loan
- MLS Area
- 2420
This home's HOA fee works out to $1,163 a month, in line with the $1,148 median across 14 homes for sale in The Presidential Condo. See The Presidential Condo HOA fees
Schools
- Elementary School
- Miami Beach South Pointe
- Middle School
- Miami Beach Nautilus
- High School
- Miami Beach
About the Community
The Presidential Condo is a waterfront community in Miami Beach, Miami-Dade County, Florida. Active listings are priced from $470,000 to $589,000. Homes were built starting 1970. Pure Equity lists homes in The Presidential and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
- Homes for Sale
- 14
- Median List Price
- $482,500
- Median $/Sq Ft
- $763
- Avg Days on Market
- 92
Frequently Asked Questions
- How do I schedule a tour of 401 Ocean Drive 1001, Miami Beach, FL 33139?
- Use the Tour button on this listing to request a showing of 401 Ocean Drive 1001, Miami Beach, FL 33139. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 401 Ocean Drive 1001, Miami Beach, FL 33139 still available?
- 401 Ocean Drive 1001, Miami Beach, FL 33139 is currently listed as Active, and has been on the market 62 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 401 Ocean Drive 1001, Miami Beach, FL 33139?
- With 20% down ($99,800) on the $499,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 401 Ocean Drive 1001, Miami Beach, FL 33139 is about $2,622/mo, before property taxes, insurance, and HOA dues. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 401 Ocean Drive 1001, Miami Beach, FL 33139?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 401 Ocean Drive 1001, Miami Beach, FL 33139. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Does 401 Ocean Drive 1001, Miami Beach, FL 33139 have an HOA fee?
- Yes: 401 Ocean Drive 1001, Miami Beach, FL 33139 carries an HOA fee of about $1,163 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
- What schools serve 401 Ocean Drive 1001, Miami Beach, FL 33139?
- 401 Ocean Drive 1001, Miami Beach, FL 33139 is zoned for Miami Beach South Pointe (elementary), Miami Beach Nautilus (middle), Miami Beach (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 401 Ocean Drive 1001, Miami Beach, FL 33139?
- Often, yes. The right offer on 401 Ocean Drive 1001, Miami Beach, FL 33139 depends on how it's priced against comparable condo sales in Miami Beach, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Douglas Elliman
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated August 1, 2026.
$499,000
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Listed by Kristen Rosen Gonzalez, Douglas Elliman
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Recent Sales
Recently sold homes in The Presidential Condo
These are the last 6 recorded closings in The Presidential Condo, with the price each home actually sold for rather than what it was listed at. They closed at a median of $710 per square foot. The most recent closed on September 30, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$415,000
Sold · September 30, 2026
401 Ocean Drive 403
1 bed · 1 bath · 659 sqft · $630/sqft
$20,000 under the asking price
Sold$380,000
Sold · July 31, 2026
401 Ocean Drive 324
1 bed · 1 bath · 655 sqft · $580/sqft
$30,000 under the asking price
Sold$472,000
Sold · July 17, 2026
401 Ocean Drive 421
1 bed · 1 bath · 655 sqft · $721/sqft
$27,000 under the asking price
Sold$465,000
Sold · March 26, 2026
401 Ocean Drive 523
1 bed · 1 bath · 655 sqft · $710/sqft
$34,000 under the asking price
Sold$390,000
Sold · February 20, 2026
401 Ocean Drive 909
1 bed · 1 bath · 655 sqft · $595/sqft
$40,000 under the asking price
Sold$530,000
Sold · January 8, 2026
401 Ocean Drive 624
1 bed · 1 bath · 655 sqft · $809/sqft
$20,000 under the asking price
See every recorded sale in The Presidential Condo or find out what your The Presidential Condo home is worth.
