# The Presidential

As of 2026-10-28, The Presidential in South Beach has 9 units for sale at a median asking price of $475K ($779/sqft); 7 units sold in the last 12 months.

The Presidential is an 11-floor, 236-unit waterfront condominium built in 1970 at 401 Ocean Dr in South of Fifth, South Beach, in FEMA flood zone AE.

## Key facts

| | |
|---|---|
| Address | 401 Ocean Dr |
| Neighborhood | South of Fifth, South Beach |
| Year built | 1970 |
| Floors | 11 |
| Units | 236 |
| Waterfront | yes |
| For sale | 9 |
| Pending | 1 |
| Median asking price | $475,000 |
| Median asking $/sqft | $779/sqft |
| Sold, last 12 months | 7 |
| Median sold $/sqft, 12 months | $672/sqft |
| Months of inventory | 15.4 |
| Median HOA | $1,134/mo |
| Parking | The building offers assigned and deeded parking spaces, including a gated parking area. |

## Own Miami measures

- **own.miami Building Score: 56 (B)**
  - Value: 48 — $779/sqft — vs. South Beach condos, then all of Miami
  - Momentum: 22 — -8.8% $/sqft over 6 months
  - Liquidity: 46 — 15.4 months of supply · 55 days on market
  - Health: 94 — 3 verified records: Rental restrictions
  - Waterfront: 90 — Waterfront building
  - Age: 18 — Built 1970 — vs. South Beach buildings
- **Own Miami Condo Index: 107** (market; 100 = the market-median building, 200 = twice its $/sqft; rank 298 of 698 tracked Miami condos)
- **Financeability Index: 50** (good; 12-month window, 2 recorded mortgages, 9% of sales bank-financed, lowest down payment 15%, as of 2026-10-31)
- Special-assessment outlook: watch (next structural milestone inspection due 2035)

## Building health (verified public records)

- Public records checked 2026-10-25
- positive: Bank financing — Regulated lenders recorded 2 purchase or refinance loans on this building in the last 12 months, financing 9% of its recorded sales, and accepted a down payment as low as 15%. A bank writing a condominium loan has just checked the building's reserves, insurance, litigation and owner-occupancy against its own standards — verified due diligence, read from the public record. Financeability Index 50/100. (2026-10-31)
- positive: 40-year recertification completed (2026-09-30)
- info: Special assessment reported as paid — noted on 2 listings (2026-08-06)
- Legal & regulatory: 2 material cases active, 0 disputes active, 0 DBPR complaints (36 months) (2026-09-22)

## Frequently asked questions

**How much do condos at The Presidential cost?**

There are 9 condos for sale at The Presidential, from $419,000, with a median asking price of $475,000 ($779/sqft).

**How much are the HOA fees at The Presidential?**

HOA / maintenance fees at The Presidential run around $1,134 per month among units currently for sale; the exact fee varies by unit size and line, so confirm the current amount with the listing or the condo association.

**Is The Presidential a waterfront building?**

Yes — The Presidential is a waterfront building (South Beach).

**When was The Presidential built?**

The Presidential was built in 1970, 11 stories, 236 residences.

## Related pages

- [South Beach — neighborhood guide](https://own.miami/south-beach)
- [All units for sale at The Presidential](https://own.miami/buildings/the-presidential/for-sale)
- [The Decoplage](https://own.miami/buildings/the-decoplage)
- [South Bay Club](https://own.miami/buildings/south-bay-club)
- [The Georgian](https://own.miami/buildings/the-georgian)
- [The Strand on Ocean Drive](https://own.miami/buildings/the-strand-on-ocean-drive)

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Source: Own.Miami — https://own.miami · data as of 2026-10-28
Canonical page: https://own.miami/buildings/the-presidential
License: CC BY 4.0 — https://creativecommons.org/licenses/by/4.0/
Methodology: https://own.miami/methodology · For AI assistants: https://own.miami/for-ai