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Waterfront · Condominium
$2,998,000$1,723 / sqft
1500 Ocean Drive # 1003, Miami Beach FL 33139
Listed
3
Bedrooms
3
Bathrooms
1,740 sqft
Interior
1998
Year built
None
HOA
Condominium
Type
About this home
Experience unparalleled oceanfront living in this exquisitely redesigned residence by the award-winning NMR Design Group, where breathtaking ocean views greet you from every room. This stunning home features brand-new flooring and a sleek, contemporary kitchen with a quartzite waterfall island, all set in the heart of Miami Beach—a location with the highest walkability score. The spacious covered terrace acts as an outdoor living space, offering unobstructed views of the ocean and beach, perfect for relaxation or entertaining. Located in the boutique, award-winning Michael Graves Condo, this residence offers an array of upscale amenities, including private beach services, a barbecue area, a social room, climate-controlled bike and storage rooms, and a dedicated professional staff.
Features
- Built-in Features
- Closet Cabinetry
- Split Bedroom
- Recreation Room
- Storage
- East Of Us1
- Barbeque
- Courtyard
- Open Balcony
- Ocean View
Leasing
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 3-bed rentals in Miami Beach, from 103 active listings; the middle half ask $9,500–$39,200.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.