1036 Ocean Dr Unit B309
Miami Beach, FL 33139 · condos · For Sale · 330 days on market
Asking price$280,000
1 beds 1 baths 303 sqft
Suggested offer$155,021$124,979 above the est. market value of $155,021.
View on Realtor.com →Listed by Silvio Righetti · Fortune Christie's International Real Estate
Typecondos
Built1936
Price / sqft$924
Est. value (own analysis)$155,021
Rent estimate (own analysis)$2,000/mo
HOA$1,040/mo
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Statusfor_sale
Listed date2025-10-07
Removed date—
MLSMiamiMLS #A11886521
Coordinates25.78125, -80.13076
Address1036 Ocean Dr Unit B309
CityMiami Beach
StateFL
Zip33139
Listing ID6377262326
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33139)
Typical home value (ZHVI)$471,015
Typical rent (ZORI)$2,928/mo
Zillow Research's ZHVI (home value index) and ZORI (rent index) for this ZIP, as of 2026-07 — free published data, refreshed monthly, no RentCast quota spent. "Typical value/rent" is a smoothed index, not a literal median of active listings.
Underwriting (buy-and-hold, default assumptions)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $280,000 |
| Down payment (20.0%) | $56,000 |
| Loan amount | $224,000 |
| Closing costs (5.0%) | $14,000 |
| Total cash to close | $70,000 |
| Income | |
| Rent (comp-derived) | $2,000$24,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,840$22,080 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $443$5,320 |
| Insurance (placeholder 0.8% of price) | $187$2,240 |
| HOA dues | $1,040$12,480 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $100$1,200 |
| Total operating expenses | $1,770$21,240 |
| Net operating income (NOI) | |
| Debt service & reserves | |
| Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing) | |
| CapEx reserve (5.0% of GSR) | $100$1,200 |
| Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%) | $0$0 |
| Cash flow |
Cap rate
Cash-on-cash
DSCR
Rent-to-price (1% rule)
Gross rent multiplier
Operating expense ratio
Break-even occupancy
Comparables
Same ZIP. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| condos | 1 | 1 | 321 | $2,500 | 2026-08-28 | — | |
| condos | 1 | 1 | 368 | $2,000 | 2026-08-12 | — | |
| condos | 1 | 1 | 325 | $1,850 | 2026-05-06 | — | |
| condos | 1 | 1 | 400 | $2,000 | 2026-06-03 | — | |
| condos | 1 | 1 | 402 | $2,250 | 2026-08-02 | — |
Same ZIP & bedroom count. Closed sales from Realtor.com over the last 12 months, matched to this property's type — real transaction prices, not asking prices. Falls back to Miami-Dade County public records (property appraiser tax roll) when Realtor.com has no sales on file for the area.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 1045 10th St Apt 204 | condos | 1 | 2 | 890 | $350,000 | 2026-09-02 |
| 500 Alton Rd Unit 501 | condos | 1 | 2 | 1,075 | $990,000 | 2026-09-02 |
| 500 Alton Rd Unit 1906 | condos | 1 | 2 | 1,010 | $1,360,000 | 2026-09-01 |
| 140 Jefferson Ave Apt 14005 | condos | 1 | 3 | 960 | $719,000 | 2026-08-31 |
| 1309 Euclid Ave Apt 7 | condos | 1 | 1 | 700 | $235,000 | 2026-08-26 |
| 363 Washington Ave Apt 32 | condos | 1 | 1 | 590 | $385,000 | 2026-08-26 |
| 1035 West Ave Ph 6 | condos | 1 | 1 | 576 | $250,000 | 2026-08-24 |
| 100 Jefferson Ave Apt 10004 | condos | 1 | 2 | 960 | $500,000 | 2026-08-24 |
| 1334 Euclid Ave Apt 7 | condos | 1 | 1 | 645 | $260,000 | 2026-08-21 |
| 1605 Bay Rd Apt 503 | condos | 1 | 2 | 700 | $330,000 | 2026-08-20 |
| 110 Washington Ave Apt 2309 | condos | 1 | 2 | 826 | $600,000 | 2026-08-17 |
| 815 Euclid Ave Apt 7 | condos | 1 | 1 | 566 | $235,000 | 2026-08-14 |
| 760 Jefferson Ave Apt 5 | condos | 1 | 1 | 407 | $200,000 | 2026-08-14 |
| 2100 Park Ave Apt 108 | condos | 1 | 2 | 800 | $460,000 | 2026-08-11 |
| 1500 Bay Rd Unit 1464S | condos | 1 | 1 | 731 | $485,000 | 2026-08-11 |
| 900 Meridian Ave Apt 104 | condos | 1 | 1 | 535 | $265,000 | 2026-08-06 |
| 435 21st St Unit 307 | condos | 1 | 1 | 596 | $328,000 | 2026-08-04 |
| 1419 West Ave Unit 106 | condos | 1 | 1 | 475 | $182,500 | 2026-08-01 |
| 401 Ocean Dr Apt 324 | condos | 1 | 1 | 655 | $380,000 | 2026-07-31 |
| 1100 West Ave Ph 1601 | condos | 1 | 1 | 700 | $370,000 | 2026-07-31 |
| 1330 Drexel Ave Apt 205 | condos | 1 | 1 | 720 | $280,000 | 2026-07-31 |
| 1200 West Ave Apt 316 | condos | 1 | 1 | 837 | $365,000 | 2026-07-31 |
| 1100 West Ave Unit 624 | condos | 1 | 1 | 694 | $490,000 | 2026-07-30 |
| 1100 West Ave Unit 1617 | condos | 1 | 1 | 694 | $399,000 | 2026-07-25 |
| 650 West Ave Apt 3006 | condos | 1 | 1 | 746 | $550,000 | 2026-07-24 |
| 221 Meridian Ave Apt 309 | condos | 1 | 1 | 621 | $312,000 | 2026-07-23 |
| 800 West Ave Apt 336 | condos | 1 | 1 | 810 | $345,000 | 2026-07-21 |
| 401 Ocean Dr Apt 421 | condos | 1 | 1 | 655 | $472,000 | 2026-07-17 |
| 350 Collins Ave Apt 306 | condos | 1 | 1 | 700 | $200,000 | 2026-07-17 |
| 1455 West Ave Apt 202 | condos | 1 | 2 | 897 | $330,000 | 2026-07-17 |
| 500 Alton Rd Unit 2004 | condos | 1 | 2 | 1,000 | $1,375,000 | 2026-07-15 |
| 800 West Ave Apt 527 | condos | 1 | 1 | 810 | $500,000 | 2026-07-15 |
| 1100 West Ave Unit 910 | condos | 1 | 1 | 696 | $450,000 | 2026-07-10 |
| 1000 West Ave Apt 1423 | condos | 1 | 1 | 852 | $510,000 | 2026-07-09 |
| 719 Meridian Ave Apt 7 | condos | 1 | 1 | 500 | $230,000 | 2026-07-08 |
| 1551 Michigan Ave Apt 10 | condos | 1 | 1 | 500 | $237,000 | 2026-07-08 |
| 855 Euclid Ave Apt 402 | condos | 1 | 2 | 793 | $305,000 | 2026-07-07 |
| 1601 Lenox Ave Unit 1601-10 | condos | 1 | 1 | 682 | $312,000 | 2026-07-06 |
| 1611 West Ave Apt 9 | condos | 1 | 1 | 630 | $275,000 | 2026-07-02 |
| 1100 West Ave Unit 520 | condos | 1 | 1 | 696 | $399,000 | 2026-06-30 |
| 1480 Euclid Ave Apt 201 | condos | 1 | 1 | 837 | $290,000 | 2026-06-30 |
| 730 Pennsylvania Ave Apt 210 | condos | 1 | 1 | 725 | $220,000 | 2026-06-29 |
| 1250 Ocean Dr Unit 3F | condos | 1 | 2 | 894 | $752,500 | 2026-06-26 |
| 1200 West Ave Apt 315 | condos | 1 | 2 | 990 | $371,000 | 2026-06-26 |
| 363 Washington Ave Apt 35 | condos | 1 | 1 | 600 | $377,000 | 2026-06-25 |
| 1820 James Ave Apt 4E | condos | 1 | 1 | 775 | $250,000 | 2026-06-25 |
| 1100 West Ave Unit 414 | condos | 1 | 1 | 694 | $420,000 | 2026-06-24 |
| 865 Collins Ave Apt 305 | condos | 1 | 2 | 539 | $295,000 | 2026-06-23 |
| 435 21st St Unit 303 | condos | 1 | 1 | 579 | $242,500 | 2026-06-22 |
| 1621 Collins Ave Apt 504 | condos | 1 | 1 | 806 | $515,000 | 2026-06-22 |
Same ZIP. Other properties currently for sale nearby — asking prices, not closed sale prices. Not a price comp; see Sold comps for actual transaction history.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 1110 Venetian Way Apt 2B | condos | 1 | 1 | 664 | $450,000 | — |
| 1000 Venetian Way Apt 1108 | condos | 1 | 2 | 1,030 | $1,250,000 | — |
| 1120 Venetian Way Apt 1C | condos | 1 | 1 | 664 | $399,000 | — |
| 1000 Venetian Way Apt 810 | condos | 1 | 2 | 1,030 | $1,150,000 | — |
| 842 Meridian Ave Apt 3D | condos | 1 | 1 | 470 | $160,000 | — |
| 528 Meridian Ave Apt 202A | condos | 1 | 1 | 420 | $269,000 | — |
| 100 Lincoln Rd Unit 323 | condos | 1 | 2 | 890 | $575,000 | — |
| 1215 West Ave Unit 402 | condos | 1 | 1 | 520 | $280,000 | — |
10-year hold projection
IRR-6.6%
Equity multiple-0.11x
Total return (10yr)-$41,378
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $288,400 | $840 | -$17,634 | $221,571 | $66,829 |
| 2 | $297,052 | $971 | -$17,532 | $218,976 | $78,076 |
| 3 | $305,964 | $1,109 | -$17,425 | $216,202 | $89,761 |
| 4 | $315,142 | $1,254 | -$17,312 | $213,238 | $101,904 |
| 5 | $324,597 | $1,406 | -$17,192 | $210,071 | $114,526 |
| 6 | $334,335 | $1,566 | -$17,066 | $206,686 | $127,649 |
| 7 | $344,365 | $1,733 | -$16,933 | $203,068 | $141,297 |
| 8 | $354,696 | $1,908 | -$16,792 | $199,202 | $155,494 |
| 9 | $365,336 | $2,091 | -$16,644 | $195,070 | $170,266 |
| 10 | $376,297 | $2,284 | -$16,489 | $190,655 | $185,641 |
Assumes 3.0% annual rent growth, 2.5% expense growth, 3.0% appreciation, and a 6.0% selling cost at exit — all placeholder assumptions, not market-derived.