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Buildings/Miami Beach/FLAMINGO POINT

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FLAMINGO POINT

1500 Bay Rd, Miami Beach 33139

★ 3.3

2008

Year Built

561

Units

CI Score

Moderate

For Sale

$675K

Avg Price

$549

Sale $/SF

For Rent

$4,500

Avg Rent

$5.45

Rent $/SF

+1.1%

YoY

For Sale

For Rent

Investor-Owned

93%

Avg HOA

$939/mo

Flamingo Point is a 561-unit residential building located at 1500 Bay Rd in Miami Beach, built in 2008. The building offers a range of floor plans from studios to 4-bedroom units, accommodating diverse lifestyle preferences. With an average price point of $499.55/SF and rental rates around $3,084/month, it serves as an accessible option in the Miami Beach market.

Building Details

Address

1500 Bay Rd, Miami Beach, 33139

Neighborhood

Miami Beach

Year Built

2008

Total Units

561

Avg Unit Sqft

866 SF

Tier

Premium

Avg $/SF

$548.62

Avg Rent

$4,500/mo

Rent $/SF

$5.45/SF

HOA Range

$876 – $1,286

Google Rating

3.3 (3 reviews)

Neighborhood Rank

Top 100%

Avg Unit Value

$392K

Total Sales (All-Time)

1,914

Amenities

PoolFitness CenterLobbyElevatorParking GarageSecurity

Investment Analysis

Yield Metrics

Rental Yield (annualized)9.8%

YoY Appreciation+1.1%

Total Yield87.4%

Liquidity & Demand

Closed Sales (120d)2

Days on Market222 days

Months of Inventory30.0

Sale-to-List Ratio1.0%

Price Reduction Rate100%

Investor-Owned93%

Market Data

Sale Price Trend ($/SF)

$598

+9.6%

Rental Price Trend ($/SF)

$3.57

-12.1%

Building Activity

Days on Market

222

days

Sitting longer

Months of Inventory

30.0

months

Buyer's market

Sale-to-List Ratio

97.4%

Strong demand

Price Reductions

100%

of listings

Many price cuts

Closed Sales (120d)

transactions

Low volume

Sales & Listings

Active Listings

For Sale (6)

$379K

1 bd1 ba747 sf

$485K

Unit 866S

1 bd1 ba726 sf

$668/SF195 DOM

$489K

Unit 330S

1 bd1 ba722 sf

$677/SF17 DOM

$495K

1 bd1 ba729 sf

$550K

1 bd1 ba731 sf

$555K

1 bd1 ba722 sf

For Rent (6)

$2K

0 bd1 ba497 sf

$2K

0 bd1 ba497 sf

$3K

Unit 1066S

1 bd1 ba726 sf

$4/SF

$3K

1 bd1 ba953 sf

$3K

Unit 854S

1 bd1 ba737 sf

$4/SF4 DOM

$3K

Unit 1566S

1 bd1 ba726 sf

$5/SF26 DOM

Recent Sales

Date	Price	$/SF	Bed/Bath	SF
Mar 20, 2026	$670K	$597.68	2/2	1,121
Dec 30, 2025	$560K	$499.55	2/2	1,121
Nov 21, 2025	$373K	$511.52	1/1	729
Nov 19, 2025	$337K	$678.07	—/1	497
Nov 15, 2025	$387K

Units & Ownership

Total Units

561

Avg Sqft

866 SF

Avg Assessed

$355K

Owner-Occupied

Tax & Ownership

Investor-Owned

93%

Owner-Occupied

Avg Assessed Value

$355K

Avg Taxable Value

$351K

Effective Year Built

2008

Zoning

4100

Unit Mix

Studio80

Avg 513 SF

1 BR282

Avg 764 SF

2 BR185

Avg 1,086 SF

3 BR13

Avg 2,027 SF

4 BR1

Avg 2,175 SF

Unit Directory

Showing 10 of 561 units

Unit	Beds	Baths	SF	Assessed	Owner	Last Sale	$/SF	Sale Date
114S	3	2	1,997	$1.1M	—	$950K	$476	Feb 2023
116S	2	2	1,069	$403K	—	$530K	$496	Apr 2008
118S	1	1	732	$308K	—	$426K	$582	Sep 2006
120S	1	1	737	$343K	—	$499K	$677	Sep 2022
122S	2	2	1,081	$407K	—	$276K	$255	May 2009
128S	2	2	1,058	$406K	—	$370K	$350	Aug 2021
130S	1	1	722	$308K	—	$293K	$405	Nov 2018
132S	1	1	719	$332K	—	$425K	$591	Sep 2022
134S	2	2	1,069	$503K	—	$555K	$519	Jul 2022
136S	0	1	451	$225K	—	$365K	$809	Oct 2022

Get Market Updates

FLAMINGO POINT

Building Details

Investment Analysis

Yield Metrics

Liquidity & Demand

Market Data

Sales & Listings

Units & Ownership

Photos

New Listing Alerts