Spacious renovated studio with balcony, located in a well-known South Beach condo-hotel with rooftop pool and iconic Palace Bar on the ground floor. Fully furnished, renovated and professionally designed in 2023. No hotel programowners rent independently via third-party managers. Front desk in the building. HOA covers all utilities: electricity, water, sewer, internet, TV, and front desk service. This unit is professionally managed with strong booking history and high ROI. Buyer can start earning income from day one with seamless management transition. Ideal turnkey short-term rental investment
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Interior Features
Appliances
- Dishwasher
- ElectricRange
- Microwave
- Refrigerator
Heating and Cooling
- Cooling Features: CentralAir
Exterior and Lot Features
- Balcony
- Patio And Porch Features: Balcony, Open
Pool and Spa
- Pool Features: Association
Homeowners Association
- Association: Yes
- Association Amenities: Cabana, Pool, Elevators
- Association Fee: 1730
- Association Fee Frequency: Monthly
- Association Fee Includes: Amenities, CommonAreas, CableTv, Electricity, HotWater, Internet, PestControl, Pools, Sewer, Security, Trash, Water
- Calculated Total Monthly Association Fees: 1730
- Pets Allowed: No
Other Property Info
- Annual Tax Amount: 5381
- Source Listing Status: Active
- County: Miami-Dade
- Tax Year: 2024
- Restrictions: DailyRentalsAllowed, NoRestrictions, OkayToLease1stYear
- Source Property Type: Residential
- Area: 42
- Property Subtype: condo
- Source Neighborhood: THE STRAND ON OCEAN DRIVE
- Parcel Number: 02-42-03-302-0050
- Postal City: Miami Beach
- Postal Code Plus 4: 5014
- Public Survey Range: 42
- Public Survey Section: 3
- Public Survey Township: 2
- Subdivision: THE STRAND ON OCEAN DRIVE
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 516
- Year Built: 1964
- Building Area Total: 516
- Entry Level: 2
- Entry Location: 2
- Property Age: 61
- Property Attached: Yes
- Building Total Stories: 4
- Year Built Details: Condo-Hotel
Home Features
- Security Features: KeyCardEntry, SmokeDetectors