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Back 407/158 Ocean Drive
Off Market

407/158 Ocean Drive

Miami Beach FL 33139

1
400 sq. ft.
Other
Last sold for $260,000
Martin UrruelaMartin Urruela, last sold this property on 29 July 2026 after -36 days on market.

Overview

Studio on iconic Ocean Dr. in the highly desirable South of Fifth neighborhood. Steps from world-class dining,nightlife, shopping, parks, and directly across from the beach. Excellent income-producing opportunity. Rentals allowed immediately after purchase (no short-term/Airbnb). Building offers covered parking (spaces rented via HOA) and has recently completed its 40-year recertification. No pets. Quarterly maintenance. Owner has two additional units for sale, including one next door. Showings Mon–Fri, 10am–6pm,with 24hr notice. Call owner/agent for showing.

Features

1 bathroom
400 sq. ft. floor area
Other

Estimated Value

Based on this property and similar other properties sold in Miami Beach over the last 12 months, the estimated median property value of 407/158 Ocean Drive is $160k.

Median value
$160k
Estimated value range
$120k - $260k
Median days on market
52
Estimated value trend
-14%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Miami Beach. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 407/158 Ocean Drive

2026
Sold
$260,000
29 Jul 2026 by Martin Urruela, of Marela Properties, LLC
2024
Rented
Undisclosed
28 Nov 2024 by BZG International, LLC
2020
Rented
Undisclosed
01 Jun 2020 by BZG International, LLC

Happy sellers in Miami Beach

89%
89% of sellers in Miami Beach reported that their sale price either exceeded or met their price expectations.

Miami Beach stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 9 reviews in Miami Beach over the last 12 months.

Local market activity for other properties in Miami Beach

In the last 12 months, 4 other properties similar to 407/158 Ocean Drive, have been sold.

This represents a 56% increase in other properties sales when compared to the previous 12 months.

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Judy Gazzoni is a recommended agent for Miami Beach.  They have 4 local sales and collected 1 local review across the last 12 months.

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Steven Rosato

Steven Rosato is a recommended agent for Miami Beach.  They have 2 local sales and collected 1 local review across the last 12 months.

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Seth Bloomgarden

Seth Bloomgarden is a recommended agent for Miami Beach.  They have 2 local sales and collected 1 local review across the last 12 months.

  •   5   (10 reviews)
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