BreakThru Realty

158 Ocean Drive 203, Miami Beach, FL 33139

$270,000 · Active

  • 0 beds
  • 1 bath
  • 400 sq ft
  • Stock Cooperative
  • Built 1961
  • HOA $2,890/mo
  • MLS# A12085617
  • Ocean Beach Fla Sub
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About this home

Location, Location, Location. Studio on iconic Ocean Drive in the highly desirable South of Fifth neighborhood. Ideally located just steps from world-class dining, nightlife, shopping, parks, and directly across from the beach.The building offers covered parking, with spaces available for rent through the HOA, and has recently completed its 40-year recertification. No pets permitted.An excellent income-producing opportunity, the unit is currently rented for $1,800/month. The building allows rentals immediately after purchase; short-term rentals and Airbnb are not permitted.The owner is also offering an additional unit in the building for sale, providing a potential opportunity to acquire multiple units.Showings are available Monday through Friday, 10:00 AM–6:00 PM, with 24-hour notice. Please contact the owner/agent to schedule.

Features

  • Lighting

Schools

  • Elementary: Miami Beach South Pointe
  • Middle: Miami Beach Nautilus
  • High: Miami Beach

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

Marela Properties, LLC · Listing agent: Martin Urruela

Schedule a showing

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to see 158 Ocean Drive 203.

Questions About 158 Ocean Drive 203

How much is 158 Ocean Drive 203?
158 Ocean Drive 203 is listed at $270,000, which is about $675 per square foot. The listing page shows comparable active listings and recent closed sales nearby so you can judge the asking price against what buyers have actually paid.
What are the association fees at 158 Ocean Drive 203?
The listing reports an association fee of $2,890 per month. Confirm what the fee covers, the reserve funding and any pending special assessments before you make an offer; for a condo, ask for the milestone inspection report as well.
What are the property taxes on 158 Ocean Drive 203?
The listing reports annual property taxes of $2,729 for 2025. Taxes are reassessed at the sale price after a purchase, so a new owner's bill can differ from the current owner's; use the mortgage calculator on this page for an estimate.
When was 158 Ocean Drive 203 built?
158 Ocean Drive 203 was built in 1961 and the listing describes its condition as . Age matters for insurance and financing in Florida: ask about the roof, the electrical panel and, for a condo built before the current code, the building's structural reserve study.
How long has 158 Ocean Drive 203 been on the market?
158 Ocean Drive 203 has been listed for 22 days. Days on market and price changes are the first signals of how much room there is to negotiate.
Which schools serve 158 Ocean Drive 203?
The MLS lists Miami Beach South Pointe (elementary), Miami Beach Nautilus (middle), Miami Beach (high). School assignments are set by the district and can change; verify them with the school board before you rely on them.
How do I see 158 Ocean Drive 203?
Request a showing from this page or call BreakThru Realty and a licensed agent will arrange a private tour, in person or by video, and answer anything the listing leaves out.

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The 1 bedroom condo at 1340 Lincoln Road 207, Miami Beach, FL 33139 is comparable and listed for sale at $275,000. Another comparable condo, 1200 West Avenue 1101, Miami Beach, FL 33139, sold for $275,000 in September 2026. Other Miami Beach neighborhoods include La Gorce and Lakeview. Nearby ZIP codes include 33109 and 33140. This property also neighbors Miami, Brickell, and Key Biscayne. Compare it with the Miami Beach housing market report.