$1,250,000
401 Ocean Drive 518
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
- $1,250,000
- Price per sq ft
- $1,841
- Original price
- Unchanged
- Days on market
- 12
This 1-bedroom condo in The Presidential Condo is listed at $1,250,000, or $1,841 per square foot. It has been on the market for 12 days.
Estimated monthly payment
$6,569 /mo
Principal and interest only, based on $250,000 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
- $1,250,000
- Days on Site
- 12 Days
- Bedrooms
- 1
- Total Baths
- 1
- Full Baths
- 1
- Partial Baths
- 0
- Living Area
- 679 sqft
- Total Sq Ft
- 679 sqft
- Year Built
- 1970
- Property Type
- Condo
- MLS #
- A12086074
- Property Tax
- $11,400 (2025)
- HOA Fees
- $1,163 / Monthly
- Subdivision
- THE PRESIDENTIAL CONDO
- County
- Miami Dade
- Status
- Active
About This Property
An Oceanfront Jewel Box in the Sky | $1,250,000Welcome to an extraordinary opportunity at 401 Ocean Drive in the heart of South of Fifth. This stunning one-bedroom, one-bath residence is a true jewel box in the sky, with mesmerizing turquoise Atlantic views visible from virtually every inch of the home.Beautifully renovated to the highest standard, the residence combines sophisticated design with the energy of South Beach living. Disco lighting throughout creates the perfect atmosphere for entertaining, while an in-unit washer and dryer adds everyday convenience. Stylish, polished, and completely turnkey, this is the ultimate South Beach entertaining pad.Set within The Presidential, an oceanfront condominium with private beach club access, the location is unmatched. Step outside and walk to the beach, South Pointe Park, world-class restaurants, cafés, nightlife, and the marina.Whether enjoyed as a glamorous pied-à-terre, full-time residence, or coastal escape, this is a rare opportunity to own a piece of the Miami Beach dream—where the ocean is your backdrop and every day feels like a vacation.Offered at $1,250,000.
Virtual TourGeneral Features
- Property Type
- Condo
- Status
- Active
- Year Built
- 1970
- Property Condition
- Updated Remodeled
- Number of Stories
- 11
- Garage Spaces
- 1
- Living Sq Ft
- 679
- Total Sq Ft
- 679
Interior Features
- Appliances
- Electric Range / Oven / Refrigerator / Washer
- Cooling
- Central Air
- Heating
- Electric
- Flooring
- Other
- Interior Features
- Built In Features / Bathtub / Closet Cabinetry / Soaking Tub / Separate Shower / Bar
Exterior Features
- Construction
- Block
- Exterior Features
- Balcony / Lighting / Outdoor Living Area
- Private Pool
- Yes
- Pool Features
- Private / Association / Heated
- Patio & Porch
- Open / Balcony
- Waterfront
- Yes
- Waterfront Features
- Beach Access / Deeded Access / Ocean Front
- View
- Ocean / Pool
Community & HOA
- HOA Fee
- $1,163 / Monthly
- HOA Includes
- Insurance / Maintenance Grounds / Pools / Recreation Facilities / Reserve Fund / Roof / Sewer / Security / Trash
- Association Amenities
- Bike Storage / Clubhouse / Elevators / Fitness Center / Maintenance Grounds / Pool / Parking
- Community Features
- Home Owners Association
- Security
- Secured Garage Parking / Lobby Secured / Phone Entry
- Pets Allowed
- Yes
- Financing Terms
- Cash / Conventional / FHA / Va Loan
- Restrictions
- No Lease2nd Year Owned / Other Restrictions
- 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
- 91
Frequently Asked Questions
- How do I schedule a tour of 401 Ocean Drive 518, Miami Beach, FL 33139?
- Use the Tour button on this listing to request a showing of 401 Ocean Drive 518, 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 518, Miami Beach, FL 33139 still available?
- 401 Ocean Drive 518, Miami Beach, FL 33139 is currently listed as Active, and has been on the market 12 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 518, Miami Beach, FL 33139?
- With 20% down ($250,000) on the $1,250,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 401 Ocean Drive 518, Miami Beach, FL 33139 is about $6,569/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 518, 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 518, 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 518, Miami Beach, FL 33139 have an HOA fee?
- Yes: 401 Ocean Drive 518, 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 518, Miami Beach, FL 33139?
- 401 Ocean Drive 518, 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 518, Miami Beach, FL 33139?
- Often, yes. The right offer on 401 Ocean Drive 518, 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 September 12, 2026.
$1,250,000
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Listed by Kristen Rosen Gonzalez, Douglas Elliman
Map & Location
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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.
