Sold Sep 15, 2026
$355,000Offered at $340,000Active
- beds
- 1
- baths
- 2
- sq ft
- 870
- Built
- 1973
1985 S Ocean Drive #Pha
About this home
Great investment opportunity with immediate rental income. This nicely updated penthouse condo offers a spacious 1 bed/1.5 bath layout with nearly 900 SF of comfortable living space. The unit is filled with natural light and features tile flooring in the living areas and brand-new carpet in the bedroom, along with gorgeous panoramic views of the Intracoastal and beach from the private balcony. Currently tenant-occupied at $2,200/month (tenant willing to stay), making this an excellent income-producing property. Enjoy resort-style amenities including two swimming pools, tennis courts, basketball court, two fitness centers, sauna and steam rooms, marina, beach service, valet parking, courtesy shuttle, two restaurants, two mini-markets, and 24-hour security.Conveniently located near shopping, dining, expressways, casinos, and major airports. A rare opportunity to own a beautifully updated penthouse in a highly sought-after beachfront community.
Listing last checked: Listing updated:
Listed by Agne Treciokiene · APRO & Associates LLC · MLS #R11156353
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Details at a glance
Interior3 property facts
- Heating
- Central
- Cooling
- Central Air
- Flooring
- Carpet
Building2 property facts
- Style
- Condominium
- Year built
- 1973
Land & utilities3 property facts
- Lot size
- 0 acres
- Waterfront
- Y
- Zoning
- RM-25
Financial3 property facts
- Annual taxes
- $5,886
- Assessment year
- 2025
- HOA fee
- $899 (billing period not supplied)
Location
Estimated monthly cost
Explore costs at the $340,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$2,210 / monthAdjust
- Principal & interest
- $1,719
- Property tax
- $491
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $5,886. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $899. The billing period was not supplied; confirm the monthly amount before adding it.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
More property insights
Comparable properties 3 supplied
Sold Aug 12, 2026
$320,0003800 S Ocean Drive #1808
Sold Jul 31, 2026
$345,0003725 S Ocean Drive #1003
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About 1985 S Ocean Drive #Pha
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Request a tour of 1985 S Ocean Drive #Pha and a Bean Group agent will help coordinate an available time with the listing side.
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Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
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