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Waterfront · Condominium
$1,675,000$1,432 / sqft
1500 Ocean Dr # 607, Miami Beach FL 33139
Listed
2
Bedrooms
2
Bathrooms
1,170 sqft
Interior
1998
Year built
$2,124 / mo
HOA
Condominium
Type
About this home
NEW ON MARKET! FULLY RENOVATED. DIRECT OCEANFRONT. BEST SOUTH BEACH LOCATION! This Unit delivers what matters most: direct oceanfront views, refined design & an unbeatable South Beach address. Wake up to front-row ocean views from this sleek 1,170 SF residence designed for effortless coastal luxury living. This 2BR/2BA home blends clean, modern design w/high-end finishes, featuring beautiful travertine floors, a renovated kitchen, stone counters & backsplash, Sub-Zero, & new stainless steel appliances. The oversized primary suite: a serene retreat w/a spacious windowed en-suite bath, double sinks, soaking tub jacuzzi & glass enclosed shower. A flexible 2nd BR opens to living area & is designed w/a Murphy bed, custom glass doors framing the ocean, & blackout shades for privacy, ideal as guest suite, home office or yoga/exercise room. A private terrace is accessible from every room, for a seamless indoor-outdoor flow w/ocean views. Resort Amenities:private beach club w/lounge, umbrella & towel service, heated saltwater pool, hot tub, sauna, steam room, fitness center, & a lush garden w/BBQ & outdoor kitchen. Step outside and you’re in the heart of Miami Beach - the famous beach boardwalk, Ocean Dr & Lincoln Rd. Walk to cafés, fine dining, shopping & Symphony. Landmark oceanfront bldg. 25 yr recertification completed w/assessment fully paid by Seller. Bldg has $1.3M+ in reserves - excellent financials. Oceanfront. Turnkey. Elevated. BRING OFFERS - WILL NOT LAST.
Features
- Elevator
- Fire Sprinklers
- Roman Tub
- Walk-In Closet(s)
- Ocean View
- Direct Ocean
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 2-bed rentals in Miami Beach, from 200 active listings; the middle half ask $3,595–$10,000.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.