Studio in Ocean Villas, Miami Beach — $299,900
A fully renovated studio of 340 sq. ft. (approx. 32 m²) is for sale in a historic Art Deco building at 3710 Collins Ave, Miami Beach, FL 33140. The unit is located on the ground floor (N‑103), in the Faena District area. Short‑term rentals are permitted in the building, including daily rentals and bed‑and‑breakfast style accommodations. Price — $299,900.
Location
Collins Avenue is one of the main coastal arteries of Miami Beach, running along the Atlantic Ocean. The building is located in the Faena District, known for its art scene, galleries, and high‑end hotels. The beach and boardwalk are directly across the street. Nearby are shops, restaurants, public transport stops, and Citi Bike rental stations. GreatSchools ratings: North Beach Elementary (10/10), Nautilus Middle School (5/10), Miami Beach Senior High (5/10). Miami Airport is about 30 minutes away by car.
About the property
Studio of 340 sq. ft. with one bathroom. In 2026, the unit was fully renovated. Features: high ceilings, tile flooring, fully furnished. The unit is equipped with a ceiling fan, microwave, electric stove, and refrigerator. The building was constructed in 1938 — an example of Art Deco architectural heritage.
In the complex
Ocean Villas is a condominium with 24‑hour security. The complex has an elevator. Residents have access to a communal pool. On‑site parking is not available. Pets are allowed. In 2026, the building underwent a Structural Integrity Reserve Study (SIRS) and has an accumulated reserve fund.
Price and costs
- Price — $299,900.
- Price per square foot — $882.
When purchasing property in Miami‑Dade County, the buyer pays a Documentary Stamp Tax at a rate of $0.60 per $100 of the purchase price for properties up to $1 million, plus $0.45 per $100 for non‑single‑family properties (for a condominium, the total rate is $1.05 per $100). Recording fees and title company fees are also payable.
Annual expenses: HOA fee — $756 per month. The fee includes all utilities: electricity, water, sewer, cable TV, and insurance. Property tax for the tax year — $3,159.
Purchase procedure and transaction format
Form of ownership — full freehold ownership in a condominium. Foreign buyers are eligible to purchase property in Florida. The transaction is closed through a title company and recorded in Miami‑Dade County. Online viewings and remote purchase by power of attorney are available. Languages of support — English, Spanish.
If you are considering it as an investment
Short‑term rentals are permitted in the building, including Airbnb. However, in 2026, Miami Beach has some of the strictest short‑term rental regulations in the U.S.: it is prohibited in most residential zones and is only allowed in designated areas. To legally rent, you must obtain: a Florida DBPR license, a Miami‑Dade County Certificate of Use, a Miami Beach Business Tax Receipt, and a Miami Beach Resort Tax Certificate. Fines for unauthorized rentals start at $20,000 for a first offense. Owners at Ocean Villas are already using Airbnb and other platforms to generate income. The $756 monthly HOA fee covers all utility costs, simplifying expense forecasting for investors. No data on projected yields is provided in the source.
Suitable for
- Investors looking for a property with permitted short‑term rentals in a prestigious area of Miami Beach.
- Buyers wanting a fully renovated studio in a historic Art Deco building with utilities included.
- Those who want a second home by the ocean with the option to rent it out to offset costs.
May not be suitable for
- If you need a unit with its own parking space — on‑site parking is not available.
- If you are not prepared for the complexities of obtaining short‑term rental licenses in Miami Beach, where regulations are extremely strict.
- If your budget does not account for the high monthly HOA fee ($756/month).
- If you prefer a modern building — Ocean Villas was built in 1938.
- If you need more space — the studio is 32 m².
What to know before the transaction
The $756/month HOA fee already covers all utilities and insurance, but this does not replace checking the association's financial health. In 2026, the building underwent a Structural Integrity Reserve Study (SIRS) and has an accumulated reserve fund. Miami Beach's strict short‑term rental regulations require separate licenses from the city, county, and state. During the high season, the area is busy, and parking near the building may be crowded. Be sure to verify the rental feasibility and all current permits before purchasing.
How to view and purchase
Let us know when you plan to visit and what your budget is. A Discount House manager will confirm the property's availability, provide a full cost breakdown for the transaction, and suggest alternatives in the same area. Viewings in person or via video. Response within 30 minutes.