1418 OCEAN DR 201, Miami Beach, FL 33139

1418 OCEAN DR 201, Miami Beach, FL 33139 is a hotel or motel : condominium built in 1948 with 324 square feet of living space. The property is currently owned by PENGUIN HOTEL DEVELOPMENT LLC, recorded as of 2026-03-29. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2013-06-14 for $170,000, when SUITE 201 AT THE PENGUIN INC sold to PENGUIN HOTEL DEVELOPMENT LLC. The property has appreciated $169,900 (169900%) since the prior sale of $100 on 2011-12-20. There are 3 recorded sales for this property.

The 2025 assessed value is $213,840 with a market value of $213,840. This property is located in FEMA Flood Zone AE, a Special Flood Hazard Area with a 1% annual chance of flooding (100-year floodplain). Flood insurance is typically required by lenders for properties in this zone.

The median household income in this area is $50,945, and the median home value is $284,100. The population density is 16,037 people per square mile. 1418 OCEAN DR 201, Miami Beach, FL 33139 is located in Miami Beach, Florida.

Property records, tax assessments, sales history, and ownership information for this Miami Beach property are sourced from miami_dade County public records. The complete ownership history of this property spans from 2011 to 2013, with 3 recorded transactions in the public record. The current assessed value represents 126% of the most recent sale price.

This high ratio could indicate the property was purchased below market value — a potential sign of a distressed sale or off-market deal. Based on the most recent sale, this property traded at $525 per square foot — a key metric for comparing value across Miami Beach's real estate market..