Atlantic Luxury Advisors
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22 photos

255 24th St #432

Miami Beach, FL 33140

$150,000
0
1
250 sq ft
1941
Condominium
$760/mo
38
Active

Listing courtesy of The Keyes Company (Danell Van Orden). Contact: [email protected].

About this home

Great investment opportunity- great long-term tenant in place through July 14, 2027. South Beach studio just one block from the ocean in a charming boutique building with a pool and lush tropical gardens. Tucked away on a beautiful tree-lined quiet street, yet only moments from all the best of South Beach, this is the perfect opportunity to make your beachside dream a reality. Bright and inviting with tile floors throughout, cute kitchen with microwave, refrigerator, and cooktop, impact window with lovely tree-top views, and furnishings included for an easy move-in experience. All utilities are included: electricity, cable, internet, and water. Building has completed its recertification, has no assessments and carries reserves. Elevator building with secured beautiful lobby, community room, gym, bike storage and more. A true hidden gem offering incredible value in an unbeatable location. Low maintenance fees and immediate rentals allowed (6 month minimum lease). Just steps to world-class restaurants, shopping, cafés, and beach access via the nearby pedestrian bridge to the ocean. Rare opportunity as long-term owner is selling after many years of ownership.

What it costs to own
Estimated monthly payment
$1,778/mo
Principal and interest
$758
Property tax
$168
Homeowners insurance
$92
HOA
$760

An estimate, not a loan offer. The rate and insurance are assumptions to edit with your own quotes; Florida insurance varies widely by age, construction and distance to the coast. Flood insurance and PMI are not included.

Florida cost of ownership
Estimated property tax
$2,015/yr

Estimate: the price times the Miami-Dade County average total millage (18.49 mills, Florida Department of Revenue, 2025 average total millage by county), less the homestead exemptions. The actual bill depends on the city, the assessed value and special assessments. Save Our Homes then caps annual assessment increases at 3% or inflation, whichever is lower.

HOA
$760/mo (from the listing)
FEMA flood zone
Zone AE, special flood hazard area

Inside the 1% annual chance floodplain. Lenders require flood insurance on a financed home; ask for the elevation certificate.

Hurricane evacuation zone
Zone B: ordered to evacuate for Category 1 hurricanes and stronger.

Sources: FEMA National Flood Hazard Layer and the Florida Division of Emergency Management evacuation zones, looked up at the listing point. Confirm with an elevation certificate and your insurer.

Location

Listing data provided by the Southeast Florida Multiple Listing Service (MIAMI REALTORS®). The data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by the MLS. Atlantic Luxury Advisors is a real estate team at Keller Williams Realty. Payment, tax and flood figures on this page are estimates by Atlantic Luxury Advisors, not MLS data.