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Condo in Miami Beach, FL 33139
The Strand On Ocean Drive, 1024 Ocean Dr #A202

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Own in The Strand On Ocean Drive?
Own in The Strand On Ocean Drive?
Closed
$310,000
$5K
Estimate Payment $3,746Closing Costs
Studio
Beds
1
Baths
516
SqFt
$601
$/SqFt
Sold - Sep 12, 2025
High-End Condo
Built in 1964
$1,730/mo HOA
Balcony
Spacious renovated studio with a balcony in a popular South Beach condo-hotel. Fully licensed for short-term Airbnb rentals. Features a rooftop pool and the famous Palace Bar on the ground floor. Fully renovated in 2023 with new flooring, paint, furniture, doors, and a NEW AC unit. Sold furnished with proven 9 - years rental history. 2024 gross income - $80,000 and 80% occupancy through the year. No hotel program—owners can rent on their own or through any third-party manager. HOA includes all utilities: electricity, water, sewer, internet, TV, and front desk service. Option to continue with the current professional management or choose your own. Strong bookings and high ROI. Turnkey investment with income potential from day one.
MLS Number: A11824939
On Site: 487 Days
Updated: 49 Days ago
Page Views: 0
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Features

Bedrooms
  • Bedrooms: No info
Bathrooms
  • Bathrooms: 1
  • Half Bathrooms: No info
Exterior and Lot Features
  • Exterior Features: Balcony
  • View: Other
Interior, Heating and Cooling
  • Interior Features: Other,Bar
  • Equipment / Appliances: Dishwasher, ElectricRange, Microwave, Refrigerator
  • Heating Description: Other
  • Cooling Description: CentralAir
Building and Construction
  • Floor Description: Laminate
  • Year Built: 1964
  • Year Built Description: Condo-Hotel
  • Style: Other
Waterfront and Water Access
  • Waterfront Frontage: No info
School Information
    Other Property Info
    • Garage: No info
    • Listing Date: 2025-06-18T17:40:30.000-00:00
    • Pets Allowed: No
    Taxes, Fees & More
    • Maintenance Includes: Amenities, CommonAreas, CableTv, Electricity, HotWater, Internet, PestControl, Pools, Sewer, Security, Trash, Water
    • Taxes: 5381
    • Security Information: KeyCardEntry, SmokeDetectors
    • Parking Description: None
    • Total Floors in Building: 4

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    Price History

    Current
    $310K
    High
    $315K
    Low
    $310K
    Total Change
    -1.6%
    $316K$313K$309KJun 25Jun 25Sep 25
    Date
    Event
    Price
    Change
    Price Per
    09/12/2025
    Sold
    $310K
    0%
    $601 ft2
    $6,467 m2
    06/18/2025
    Price Reduced
    $310K
    -1.59%
    $601 ft2
    $6,467 m2
    06/18/2025
    Listed
    $315K
     
    $610 ft2
    $6,571 m2
    09/12/2025
    $310K
    Event
    Sold
    Change
    0%
    Price Per
    $601 ft2
    $6,467 m2
    06/18/2025
    $310K
    Event
    Price Reduced
    Change
    -1.59%
    Price Per
    $601 ft2
    $6,467 m2
    06/18/2025
    $315K
    Event
    Listed
    Price Per
    $610 ft2
    $6,571 m2
    Price per square foot and days on website are not provided values and are calculated by Subdivisions.
    Listed by Irina Dyagleva • Vera Realty LLC • Buyer Agency Compensation .
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    Community Snapshot
    Studio – 2 BR
    Bedrooms
    $250K – $975K
    Price Tier
    291 - 1,360
    SqFt Range
    1964
    Year Build
    3
    Total Floors
    91
    Total Units

    Subdivision Amenities

    Cabana
    Elevators
    Pool
    Trash

    All Miami Beach, FL
    High-End
     High-End Homes & Condos

    Other Miami Beach, FL Homes & Condos Price Range Segments

    Entry-Level
    Entry-Level40
    Premium
    Premium134
    Mid-Tier
    Mid-Tier294
    Ultra Luxury
    Ultra Luxury92

    Miami Beach, FL Nearby Cities

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    The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity' Program of the Regional Multiple Listing Service of Miami Dade, Broward, Palm Beach, Collier and Lee Counties. Not all listings found on this site are necessarily listed through Subdivisions.com. Real estate listings held by brokerage firms other than Subdivisions.com are marked with the Broker Reciprocity' logo or the Broker Reciprocity' thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

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