1024 OCEAN DR A502, Miami Beach, FL 33139
Parcel: 0242033020080 · Hotel Or Motel · Condominium · Zoning: 6501
Assessed Value (2025)
$287,743
Property Details
Baths
1
Living Sqft
516
Year Built
1964
HOTEL OR MOTEL : CONDOMINIUM
Sales History
1
$255,000
2018-08-24
STRAND RENTAL LLC → MATTHEW MARKS
2
$265,000+4%
2019-01-14
MATTHEW MARKS → SALEM MOUNAYYER TRS
3
$100non-market transfer
2019-09-10
SALEM MOUNAYYER TRS → STRAND A502 LLC
Tax Assessment History
$287,743
Assessed (2025)
$312,180
Market Value
$287,743
Taxable Value
$5,858
Annual Tax
2024
$261,585
$286,380
2025
$287,743
$312,180
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $287,743 | $312,180 | $287,743 | $5,858 | $0 | $0 |
| 2024 | $261,585 | $286,380 | $261,585 | $5,326 | $0 | $0 |
About 1024 OCEAN DR A502, Miami Beach, FL 33139
1024 OCEAN DR A502, Miami Beach, FL 33139 is a hotel or motel : condominium built in 1964 with 516 square feet of living space. The property is currently owned by STRAND A502 LLC, recorded as of 2026-03-29. The mailing address differs from the property address, suggesting this may be an investment property or rental.
The most recent sale was on 2019-09-10 for $100, when SALEM MOUNAYYER TRS sold to STRAND A502 LLC. The property sold for $264,900 less than the prior sale of $265,000 on 2019-01-14. There are 3 recorded sales for this property.
The 2025 assessed value is $287,743 with a market value of $312,180. The assessed value increased 10% from $261,585 in 2024. 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 $40,744, and the median home value is $396,800. The population density is 13,742 people per square mile.
1024 OCEAN DR A502, 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 2018 to 2019, with 3 recorded transactions in the public record..
Current Owner
STRAND A502 LLC
PO BOX 191879, MIAMI BEACH, FL, 33139
Since: 2026-03-29
View owner profile →
Flood Zone
Zone AE
Special Flood Hazard Area
Est. Annual Insurance
$3,852 — $7,130
Flood $400 — $800
Property/Wind $3,452 — $6,330
Estimate based on FEMA flood zone, property value, and year built. Actual premiums vary based on elevation, mitigation features, roof condition, and insurer. Not a quote.
Neighborhood
Median Income$40,744
Median Home Value$396,800
Pop. Density13,742/sq mi
Neighborhood 33139
20.8%
Owner-Occ
79.2%
Investor
715
Flips (4yr)
12,810
New Biz (3yr)
Distress Risk
MODERATE
31
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