Atlantic Luxury Advisors
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1460 Ocean Dr #208

Miami Beach, FL 33139

$390,000
2
1.5
890 sq ft
1937
Condominium
$1,410/mo
4
Active

Listing courtesy of Corte Real Estate Group LLC (Ugo Cortesano). Contact: [email protected].

About this home

Charming two-story remodeled Art Deco residence at the historic The Drake Building, featured on the Art Deco tour and ideally located on iconic Ocean Drive. This unique 2-bedroom, 2-bathroom apartment offers two spacious bedrooms with abundant natural light, updated bathrooms, an open-concept living, dining and kitchen area, and beautiful terracotta floors throughout. Ideally situated at the quieter end of Ocean Drive, just steps from the beach, this residence offers a rare opportunity to enjoy the South Beach lifestyle while remaining slightly removed from the busiest part of the action. Currently rented for $3,000 per month, the property offers immediate income potential for investors, while also presenting an exceptional opportunity for a future owner-occupant looking to live on iconic Ocean Drive at an attractive price point. With its unique two-level layout, historic Art Deco character, prime location and proximity to the ocean, this is a rare opportunity in the heart of Miami Beach. Schedule your private showing today.

What it costs to own
Estimated monthly payment
$4,162/mo
Principal and interest
$1,972
Property tax
$538
Homeowners insurance
$242
HOA
$1,410

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
$6,452/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
$1,410/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.