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1500 Ocean Dr # 1201, Miami Beach FL 33139
About this home
Direct Ocean 3 Bed / 3.5 Bath corner residence at the award winner Michael Graves Condo. Come make each day a beach day at this spacious and exquisite residence featuring floor-to-ceiling impact windows, an open kitchen with high-end appliances, and two terraces with stunning ocean and coastline views. A boutique oceanfront GEM offering 5-star amenities including private beach service with attendant and water/towel service, heated pool, fitness center, branded community bikes, fitness program and social events for the residents, 24-hour front desk and complimentary valet. Located on Ocean Drive and at the center of the Art Deco Historical District near Espanola Way and Lincoln Road. WALK EVERYWHERE. Highest walkability factor in a premier oceanfront location...the iconic Michael Graves.
Features
- Built-in Features
- Walk-In Closet(s)
- Den/Library/Office
- Barbeque
- Direct Ocean
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $24,271
- HOA
- None
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.