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Waterfront · Condominium
$1,385,000$1,473 / sqft
1500 Ocean Dr # 1210, Miami Beach FL 33139
Listed
1
Bedrooms
2
Bathrooms
940 sqft
Interior
1998
Year built
$1,729 / mo
HOA
Condominium
Type
About this home
Welcome to 1500 Ocean Drive, the iconic oceanfront tower designed by renowned architect Michael Graves and one of Miami Beach’s most recognized addresses. This fully furnished by Restoration Hardware featuring 1-bedroom, 2-baths residence is move-in ready and frames sweeping views of the Miami and Miami Beach skylines, a backdrop that changes beautifully from sunrise to city lights. Includes a climate control storage. Residents enjoy a resort-style lifestyle with full beach service, a pool deck overlooking the Atlantic, a fitness center, sauna and steam room, valet parking, and 24-hour concierge and security. Just outside, the best of South Beach awaits: Lincoln Road’s shopping and dining are steps away, along with the Art Deco Historic District, Española Way, Lummus Park, acclaimed restaurants, galleries, and nightlife, with the sand right at your doorstep. The building also offers rare peace of mind: all major assessments have been paid, the 25-year recertification has been completed, and the association maintains solid reserves, protecting your investment and its long-term value. Whether you want a full-time home, a stylish second residence, or a smart investment in one of the world’s most sought-after destinations, this turnkey residence delivers an exceptional oceanfront lifestyle in the heart of Miami Beach.
Features
- Closet Cabinetry
- Fire Sprinklers
- Walk-In Closet(s)
- Barbeque
- Open Balcony
- Skyline
Leasing
- Minimum lease
- 90 days
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 1-bed rentals in Miami Beach, from 200 active listings; the middle half ask $2,350–$3,900.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter 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. We are not a lender and neither offer nor arrange financing. 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.