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Residence at THE STRAND ON OCEAN DRIVE
Listing courtesy of Compass Florida, LLC (Harvey Messing). Contact: [email protected].
Wake up to ocean breezes, step outside to the beach, and enjoy the prestige of owning an iconic piece of OCEAN DRIVE. A smart investment. A historic address. An unmatched lifestyle. Residence 304 at 1060 Ocean Drive offers an exceptional opportunity to own in the heart of Miami Beach with the flexibility of a highly desirable hotel program. This stylish unit allows owners to enjoy personal use while generating income through professionally managed short-term rentals—an ideal blend of lifestyle and investment. Residents and guests enjoy premium amenities including a rooftop pool and lounge with panoramic ocean views, fitness center, on-site dining, concierge service, and beach & Lummas Park outside your door. Perfectly positioned on iconic Ocean Drive, directly across from the beach and Lummus Park, this prime South Beach location places you moments from world-class dining, nightlife, shopping, and cultural attractions—delivering the ultimate Miami Beach experience. Enroll in the hotel program or rent independently for maximum profits!
- Principal and interest
- $1,643
- Property tax
- $438
- Homeowners insurance
- $200
- HOA
- $1,618
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.
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.
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.