Atlantic Luxury AdvisorsKeller Williams Realty Services

36 photos

401 Ocean Dr #316

Miami Beach, FL 33139

$950,000
2
1
747 sq ft
1970
1 car
Condominium
$1,163/mo
Yes
47
Active

Listing courtesy of The Keyes Company. Contact: [email protected].

About this home

Wake up to breathtaking direct ocean views from this rarely available, highly sought-after east-facing corner residence with parking: perfectly positioned directly on the sand in the prestigious South of Fifth neighborhood. The largest floor plan in the building, this exceptional residence has been thoughtfully reconfigured to maximize both space and functionality. The spacious primary bedroom is complemented by a versatile den/guest room, offering the flexibility of a second sleeping area, home office, or media room. The open-concept kitchen features granite countertops and flows seamlessly into the light-filled living and dining areas, all designed to showcase the spectacular Atlantic views. Additional highlights include a beautifully updated bathroom with a Jacuzzi tub, generous closet space, central A/C, impact windows and doors, and a private oceanfront balcony where you can relax to the soothing sound of the waves. This newly updated oceanfront building offers a heated beachfront pool, bike storage, community room, and complimentary beach service with two lounge chairs and an umbrella for each residence. The building has been completely renovated, successfully completed its required recertification, and maintains reserves, providing added confidence for owners. An exceptional opportunity to experience the ultimate Miami Beach beachfront lifestyle.

What it costs to own
Estimated monthly payment
$7,960/mo
Principal and interest
$4,804
Property tax
$1,401
Homeowners insurance
$592
HOA
$1,163

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
$16,806/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.

The full yearly cost of owning this home: property tax levy by levy from the published millage of the parcel’s taxing district (a mailing city is not always inside its city limits), the Save Our Homes cap, HOA and the insurance quotes to get.

HOA
$1,163/mo (from the listing)
FEMA flood zone
Lookup unavailable. Check the FEMA map
Hurricane evacuation zone
Lookup unavailable. Know your zone

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.

Florida condo safety laws

Presidential Condo was built in 1970, according to the county property appraiser.

If it has three or more habitable stories, Florida law (s. 553.899, F.S.) requires a milestone structural inspection by December 31 of the year it reaches 30 years of age, then every 10 years; for a building of this age the first one was due by December 31, 2024. A local building official may require it at 25 years near salt water.

Condominium buildings of three or more stories also need a structural integrity reserve study (s. 718.112(2)(g), F.S.) at least every 10 years; associations formed on or before July 1, 2022 had to complete one by December 31, 2025.

Dates follow from the statutes and the year the county appraiser lists for the building, not from the association's records. Ask the association for its milestone inspection report, its most recent structural integrity reserve study and any approved or proposed special assessments, and review them before you buy.

Location
Location from the listing's MLS coordinatesMap data © OpenStreetMap contributors

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 Services. Payment, tax and flood figures on this page are estimates by Atlantic Luxury Advisors, not MLS data.