Home » Properties » 1451 Ocean Dr # 102, Miami Beach FL 33139

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Prime Street-Level Retail Space at Iconic Ocean Drive

Rare ground-level mixed-use condo in Miami Beach's Il Villaggio with street frontage and underground parking.

$1,450,000

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MLS #A11835546

Listing Updated: 2026-07-05 12:29:37

Listed By: Upside Partner, LLC.

Overview

Located in the prestigious Il Villaggio building, this ground-level retail condo at 1451 Ocean Drive offers direct exposure on one of Miami Beach’s most famous streets. The property benefits from recent city improvements, including the reopening of Ocean Drive to two-way traffic, enhancing accessibility and foot traffic. With dedicated on-site underground parking, this unit stands out as a unique opportunity in South Beach’s vibrant commercial scene. It suits various uses, from boutique retail to office or restaurant, catering to owner-occupants or lease holders seeking to establish themselves in a prime coastal location.

Property Highlights

Street-level frontage on Ocean Drive, prestigious Il Villaggio building, on-site underground parking, versatile mixed-use possibilities, enhanced accessibility after roadway improvements.

Property Details

City: Miami Beach

State: FL

Zip Code: 33139

Address: 1451 Ocean Dr # 102, Miami Beach FL 33139

Year Built: 1998

Property Type: Commercial Sale

Property Sub Type: Mixed Use

Listing Office Name: Upside Partner, LLC.

County: Miami-Dade County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $21,216

Days On Market: 334 Days

Original Listing Description

Upside Partners is proud to represent the ownership of this rare ground-level retail condo located in the prestigious Il Villaggio building at 1451 Ocean Drive in Miami Beach. CU102 offers direct street-level frontage on Ocean Drive. Great opportunity for new ownership to lease or be utilized by an owner-occupant looking to capitalize on the offering. With dedicated on-site underground parking, a rare luxury in South Beach, the spaces are ideally suited for high-end retail, boutique, office, restaurant or service-based uses. Ocean Drive has recently been reopened to two-way vehicle traffic, these units are poised to benefit from a resurgence in foot traffic, improved accessibility, and longterm value appreciation.

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

1451 Ocean Dr # 102, Miami Beach FL 33139

About This Neighborhood

Set in the vibrant Miami Beach neighborhood, the Il Villaggio building offers premier oceanfront exposure on Ocean Drive. This bustling area is known for its dynamic blend of daytime commerce and nightlife, attracting locals and visitors alike. The property enjoys proximity to iconic beachfront, trendy shops, and well-known dining spots, making it an exciting and high-visibility location within South Beach’s commercial district.

Walkability & Lifestyle

Located on Ocean Drive, the property offers exceptional walkability with immediate access to upscale dining, boutique shopping, and beachfront leisure. Residents and visitors can enjoy strolls along the iconic promenade, exploring diverse restaurants and entertainment options. The area’s urban design prioritizes pedestrian experiences along this scenic coastal thoroughfare.

Things To Do Nearby

Miami Beach’s Ocean Drive is alive with activities including waterfront dining, vibrant nightlife, and scenic beach access. Nearby attractions like parks, marinas, and cultural venues invite locals and tourists to explore outdoor recreation and arts. The surrounding neighborhood delivers a dynamic mix of beachside relaxation and urban excitement just steps from this commercial space.

Nearby Schools

Families and business owners in the Miami Beach area benefit from convenient access to several public and private schools nearby. While this property is commercial, the broader neighborhood supports residents with educational options that contribute to a well-rounded community atmosphere.

Why Buyers Like This Area

Buyers are drawn to this property for its unmatched location on Ocean Drive combined with rare underground parking—a prized feature in South Beach. Its flexibility to accommodate retail, office, or dining uses makes it ideal for a range of commercial ambitions. The復中心 location and enhanced traffic flow further support its long-term appeal and functional versatility in Miami Beach’s competitive market.

Investment Potential

This ground-level retail condo benefits from increased foot traffic following Ocean Drive’s reopening to two-way traffic, making it appealing for commercial ownership or leasing. Positioned in a high-profile area of Miami Beach, the space suits a variety of businesses, including boutiques, eateries, and offices. The property’s parking availability is uncommon in South Beach, adding to its tenant appeal and potential long-term desirability in a competitive market.

Market Trends

Miami Beach’s commercial market continues to evolve, with Ocean Drive gaining renewed momentum after roadway changes improved vehicle flow and walkability. Mixed-use properties like this one at Il Villaggio are increasingly sought after for their adaptability and prime positioning. Prospective buyers should note the growing interest in spaces that merge retail, dining, and office uses in lively, coastal urban settings.

Rental Income Potential

The location along Ocean Drive offers promising rental appeal due to the steady stream of tourists and local visitors. Spaces like this mixed-use condo attract a variety of tenants seeking exposure in a high-traffic corridor near the beach. While seasonal demand may influence leasing activity, the direct street frontage and onsite parking enhance its attractiveness for commercial renters aiming for visibility and convenience.