345 Ocean Dr Apt 718 Apt 718
6.4 · Low
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345 Ocean Dr Apt 718 Apt 718

Miami Beach · Miami-Dade County · FL 33139

condo78 days on market

Property Details

List Price$374,999
Bedrooms
Bathrooms1
Living Area407 sqft
Lot Size
Year Built1970
Listed2026-02-14

Investment Estimate

Est. Monthly Rent$3,187/mo
Est. Cap Rate10.20%
Gross Rent Multiplier9.8

Description

Wake up to ocean views this winter in the heart of South of Fifth, Miami Beach's most coveted oceanfront neighborhood. This light-filled studio offers a rare NE ocean view from a private balcony, creating an ideal coastal retreat just steps from the sand. The unit is thoughtfully designed for comfort and efficiency, kitchen equipped with smart appliances, Nest thermostat with central A/C and heat, new impact windows, brand-new flooring, and a sleek modern bath. Smart home features keep owners connected effortlessly, whether you're home or away. Newly installed expansive sliding glass doors bring in natural light and ocean breezes, seamlessly connecting the living space to the freshly renovated balcony. Own 1 of 10 Studios available in the building, keeping your monthly maintenance expenses the lowest. The building recently completed major capital improvements, including the exterior, balconies, roof, pool deck with shower, fitness center, and a gated backyard fence around the landscaped beachfront grounds with footbath. Additional enhancements are part of the building's long-term modernization plan, including renovated spa-style gym/pool bathrooms and saunas. Enjoy direct beach access and walkable proximity to South Pointe Park and South of Fifth's celebrated dining scene, including Joe's Stone Crab, Carbone, and Smith & Wollensky. A rare opportunity to own a smart, oceanfront residence in South of Fifth - perfect as a pied-a-terre, beach escape, or refined full-time home.

Source: realtor.com · ID: miami-dade-realtor-5026312024 · Last seen: 5/3/2026

Score Breakdown

Composite score:6.4/ 100

Each factor is normalized 0–100 within its county (percentile rank). Contributions show how many points each factor added to the composite score.

Cap Rate(weight 35%)
0.0contributes +0.0 pts

Estimated annual rent yield relative to list price, normalized within county.

Population Growth(weight 20%)
32.0contributes +6.4 pts

Zip-level YoY population growth from Census ACS estimates.

Employment Growth(weight 15%)
50.0contributes +7.5 pts

Metro-level employment and wage growth from BLS QCEW data.

Price Trend(weight 15%)
0.0contributes +0.0 pts

Zip-level YoY median sale price change from Redfin Data Center.

Flood Penalty(weight 15%)
50.0contributes -7.5 pts

FEMA NFHL flood zone severity. Lower is better (0 = no risk, 100 = high risk).

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