1024 OCEAN DR A505, Miami Beach, FL 33139

Parcel: 0242033020200 · Hotel Or Motel · Condominium · Zoning: 6501

Assessed Value (2025)
$292,800

Property Details

Baths
1
Living Sqft
480
Year Built
1964
HOTEL OR MOTEL : CONDOMINIUM

Sales History

1
$403,900
2005-08-01
2
$270,000-33%
2016-10-17
CHRIS BALE ALE REAL ESTATE LLC
3
$310,000+15%
2022-02-18
ALE REAL ESTATE LLCVALERIE BASTOU
4
$310,000
2022-03-04

Tax Assessment History

$292,800
Assessed (2025)
$292,800
Market Value
$292,800
Taxable Value
$5,961
Annual Tax
2024
$269,280
$273,600
2025
$292,800
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $292,800 $292,800 $292,800 $5,961
2024 $269,280 $273,600 $269,280 $5,482

About 1024 OCEAN DR A505, Miami Beach, FL 33139

1024 OCEAN DR A505, Miami Beach, FL 33139 is a hotel or motel : condominium built in 1964 with 480 square feet of living space. The property is currently owned by VALERIE BASTOU, 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 2022-03-04 for $310,000. There are 4 recorded sales for this property. The 2025 assessed value is $292,800 with a market value of $292,800.

The assessed value increased 9% from $269,280 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 A505, 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 2005 to 2022, with 4 recorded transactions in the public record. The current assessed value represents 94% of the most recent sale price.

Based on the most recent sale, this property traded at $646 per square foot — a key metric for comparing value across Miami Beach's real estate market..

Current Owner

VALERIE BASTOU
1024 OCEAN DR A505, MIAMI BEACH, FL, 33139
Since: 2026-03-29
View owner profile →

Flood Zone

Zone AE
Special Flood Hazard Area

Est. Annual Insurance

$3,913 — $7,241
Flood $400 — $800
Property/Wind $3,513 — $6,441

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
View full risk analysis →
Zoom in to see property sales