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Buildings/South Beach/1500 OCEAN DRIVE CONDO

Luxury

1500 OCEAN DRIVE CONDO

1500 Ocean Dr, Miami Beach 33139

★ 4.5

2000

Year Built

114

Units

CI Score

Moderate

For Sale

$2.0M

Avg Price

$1,461

Sale $/SF

For Rent

$9,000

Avg Rent

$6.77

Rent $/SF

-10.6%

YoY

For Sale

For Rent

Investor-Owned

73%

Avg HOA

$2,702/mo

1500 Ocean Drive is an ultra-luxury oceanfront condominium located in the heart of South Beach, Miami, featuring 114 units with floor plans ranging from studios to 6-bedroom residences. Built in 2000, this prestigious property offers sophisticated coastal living with direct Ocean Drive access, commanding exceptional views and prime positioning in Miami's most coveted neighborhood. The building attracts both owner-occupants and investors seeking high-end residential opportunities in South Beach.

Building Details

Address

1500 Ocean Dr, Miami Beach, 33139

Neighborhood

South Beach

Year Built

2000

Total Units

114

Avg Unit Sqft

1,617 SF

Tier

Luxury

Avg $/SF

$1,461.41

Avg Rent

$9,000/mo

Rent $/SF

$6.77/SF

HOA Range

$2,124 – $4,189

Google Rating

4.5 (33 reviews)

Neighborhood Rank

Top 3%

Avg Unit Value

$1.6M

Total Sales (All-Time)

391

Amenities

Oceanfront locationLobbyElevatorFitness CenterPoolParkingSecurityConciergeValet Parking

Investment Analysis

Sales & Listings

Active Listings

For Sale (6)

$1.3M

1 bd2 ba940 sf

$1.4M

Unit 507

2 bd2 ba1,170 sf

$1218/SF7 DOM

$1.6M

2 bd2 ba1,170 sf

$1.7M

Unit 607

2 bd2 ba1,170 sf

$1432/SF6 DOM

$1.8M

2 bd3 ba1,530 sf

$2.3M

Unit PH-05

2 bd2 ba1,530 sf

$1503/SF

For Rent (6)

$5K

Unit 609

1 bd2 ba940 sf

$5/SF1 DOM

$5K

Unit PH-10

1 bd2 ba940 sf

$5/SF

$5K

940 sf

$8K

Unit 505

2 bd3 ba1,530 sf

$5/SF

$8K

Unit 907

2 bd2 ba1,170 sf

$6/SF1 DOM

$9K

Unit 1005

2 bd3 ba1,530 sf

$6/SF1 DOM

Recent Sales

Date	Price	$/SF	Bed/Bath	SF
Oct 29, 2025	$1.1M	$1,117.02	1/2	940
Jul 10, 2025	$318K	$207.97	2/2	1,530
Oct 25, 2024	$825K	$877.66	1/2	940
Oct 1, 2024	$550K	$585.11	1/2	940
Aug 29, 2024	$770K

Units & Ownership

Total Units

114

Avg Sqft

1,617 SF

Avg Assessed

$1.5M

Owner-Occupied

27%

Tax & Ownership

Investor-Owned

73%

Owner-Occupied

27%

Avg Assessed Value

$1.5M

Avg Taxable Value

$1.5M

Effective Year Built

2000

Zoning

6501

Unit Mix

Studio2

Avg 510 SF

1 BR22

Avg 940 SF

2 BR45

Avg 1,368 SF

3 BR42

Avg 2,148 SF

6 BR2

Avg 4,635 SF

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Unit Directory

Showing 10 of 114 units

Unit	Beds	Baths	SF	Assessed	Owner	Last Sale	$/SF	Sale Date
—	—	—	—	—	—	—	—	—
401	3	3	2,320	$2.0M	✓	$3.0M	$1,272	Jan 2019
402	3	3	2,320	$2.6M	—	$900K	$388	Dec 1998
403	3	3	1,740	$1.1M	✓	$1.3M	$718	Oct 2006
404	0	1	540	$353K	✓	$181K	$334	Mar 1999
405	2	2	1,530	$1.3M	—	$1.0M	$680	Mar 2011
406	0	1	480	$330K	—	$280K	$583	Nov 2003
407	2	2	1,170	$975K	—	$1.0M	$892	Jun 2018
408	2	2	1,170	$1000K	✓	$1.1M	$897	Jan 2020
409	1	2	940	$585K	—	$580K	$617	May 2012