$1,590,000
$50K PRICE DROP

1500 Ocean Dr, Unit 507 Floor 5 Miami Beach, FL 33139

Miami Beach Boardwalk Neighborhood

Estimated payment $12,161/month

Total Views 1,553
2 Beds
2 Baths
1,170 Sq Ft
$1,359 Price per Sq Ft

Highlights

  • Doorman
  • Property has ocean access
  • Waterfront
  • Ocean View
  • Fitness Center
  • 1-minute walk to Miami Beach Ocean Walk

About This Home

Located in Ocean Drive's beloved Art Deco building - 1500 Ocean Drive. This spacious NW corner unit features 1 bedroom (2nd bedroom was opened into a larger living area), 2 bathrooms, W/D, beautiful marble floors, open kitchen with Italian cabinets, top of the line appliances, custom closets, lighting & electric shades. Amenities and Services include: Private Beach lounge service, state-of-the-art gym with Peloton bike, new Mother of Pearl pool & hot tub, social events & fitness program in season, climate-controlled storage plus 24 hr security and valet.

Listing Agent

Carolina Lara-arashiro

One Sotheby's International Realty License #3239403 Listed on: 09/25/2025

One Sotheby's International Realty

Co-Listing Agent

Andre Duek Roberto de Lima

One Sotheby's International Realty License #3461515

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $19,677

Year Built

  • Built in 1998

Lot Details

  • Waterfront
  • End Unit

HOA Fees

  • $2,082 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Secured Garage or Parking
  • Guest Parking

Home Design

  • Entry on the 5th floor
  • Stucco Exterior

Interior Spaces

  • 1,170 Sq Ft Home
  • Built-In Features
  • Family or Dining Combination
  • Tile Flooring

Kitchen

  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Shower Only
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Property has ocean access

Location

  • East of U.S. Route 1

Schools

  • Nautilus Middle School
  • Miami Beach High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 02-32-34-118-0670

Community Details

Overview

  • 113 Units
  • 1500 Ocean Drive Condo
  • 1500 Ocean Drive Condo Subdivision
  • 15-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Clubhouse
  • Billiard Room
  • Lobby

Recreation

  • Community Spa

Pet Policy

  • Breed Restrictions

Security

  • Secure Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$19,677

Year Built

Built in 1998

Lot Details

0

HOA Fees

$2,082 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1998
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit
  • Co List Office Mls Id: OSIR05
  • Co List Office Phone: 954-522-2831
  • Entry Level: 5
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: None
  • New Construction: No
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: 1500 OCEAN DRIVE CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • CurrentPrice: 1590000
  • InternetRemarks: Spacious NW corner residence located at 1500 Ocean Drive, right on the sand in one of the most prestigious locations in South Beach.
  • ShowingTimeFlag: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: Lobby, Built-in Features, Walk-In Closet(s)
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Tile
  • Living Area: 1170
  • Stories: 15
  • Bedroom Features: Primary Bath Shower
  • Dining Room Features: Family/Dining Combination
  • Master Bathroom Features: Shower Only

Exterior Features

  • View: Ocean View, Other View
  • Exterior Features: East Of Us1, Open Balcony
  • Construction Type: Other, Stucco
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: 1500 OCEAN DRIVE CONDO
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: Covered, Guest, Valet

Utilities

  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Security: Doorman, Elevator Secure, Secured Garage/Parking

Condo/Co-op/Association

  • Association Fee: 2082
  • Amenities: Billiard Room, Clubhouse-Clubroom, Elevator(s), Exercise Room, Heated Pool, Other, Pool, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Schools

  • High School: Miami Beach
  • Middle Or Junior School: Nautilus

Lot Info

  • Parcel Number: 02-32-34-118-0670

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 19677

Multi Family

  • Number Of Units In Community: 113
  • Number Of Units Total: 113

Map

About This Building

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/09/2025 11/09/25 Price Changed $1,590,000 -3.0% $1,359 / Sq Ft
09/25/2025 09/25/25 For Sale $1,640,000 -- $1,402 / Sq Ft
Source: MIAMI REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,075,000 Attorney
Warranty Deed $1,525,000 Attorney
Quit Claim Deed $95,300 --
Warranty Deed $635,000 Landmark Title Company Inc
Deed $585,000 --
Warranty Deed $463,000 --
Deed $290,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $698,750 New Conventional
Previous Owner $280,000 Unknown
Previous Owner $232,000 New Conventional
Source: Public Records

Source: MIAMI REALTORS® MLS

MLS Number: A11884734

MIAMI REALTORS® MLS

APN: 02-3234-118-0670

Florida Miami/Dade County Miami Beach 33139 Miami Beach Boardwalk

1500 Ocean Dr Unit 507, Miami Beach, FL

For Sale

Condos

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Carolina Lara-arashiro
Listing Agent
Carolina Lara-arashiro
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One Sotheby's International Realty
(786) 982-0201