$4,800,000
1500 Ocean Drive 1201
Miami Beach, FL 33139
Explore the area: Miami Beach homes for sale · Miami Dade County real estate
Price Check
How this price compares
- Asking price
- $4,800,000
- Price per sq ft
- $2,069
- Original price
- $5,000,000
- Days on market
- 158
This 3-bedroom condo in 1500 Ocean Drive Condo went under contract with an asking price of $4,800,000, or $2,069 per square foot. The asking price has come down 4% from its original $5,000,000. It spent 158 days on the market before going under contract.
Estimated monthly payment
$25,226 /mo
Principal and interest only, based on $960,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $4,108/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $4,800,000
- Days on Site
- 158 Days
- Bedrooms
- 3
- Total Baths
- 4
- Full Baths
- 3
- Partial Baths
- 1
- Living Area
- 2,320 sqft
- Year Built
- 1998
- Property Type
- Condo
- MLS #
- A11935052
- Property Tax
- $51,250 (2025)
- HOA Fees
- $4,108 / Monthly
- Subdivision
- 1500 OCEAN DRIVE CONDO
- County
- Miami Dade
- Status
- Under Contract
- Special Conditions
- Listed As Is
About This Property
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.
Virtual TourGeneral Features
- Property Type
- Condo
- Status
- Under Contract
- Year Built
- 1998
- Property Condition
- Resale
- Number of Stories
- 15
- Garage Spaces
- 2
- Attached Garage
- Yes
- Parking
- Attached / Garage / Garage Door Opener
- Direction Faces
- East
- Living Sq Ft
- 2,320
Interior Features
- Appliances
- Dryer / Dishwasher / Electric Range / Electric Water Heater / Microwave / Refrigerator
- Cooling
- Central Air / Electric
- Heating
- Electric / Natural Gas
- Flooring
- Ceramic Tile
- Interior Features
- Built In Features / Breakfast Area / Bathtub / Eat In Kitchen / Elevator / Living Dining Room / Soaking Tub / Separate Shower / Walk In Closets
- Windows
- Drapes / Rods
- Total Rooms
- 1
- Furnished
- Furnished
Exterior Features
- Construction
- Block
- Exterior Features
- Barbecue / Outdoor Living Area
- Waterfront
- Yes
- Waterfront Features
- Beach Access / Deeded Access / Ocean Front
- View
- Ocean
Community & HOA
- HOA Fee
- $4,108 / Monthly
- HOA Includes
- Cable Tv / Sewer / Trash / Water
- Association Amenities
- Community Kitchen / Fitness Center / Maintenance Grounds / Sauna / Spa Hot Tub
- Security
- Closed Circuit Cameras / Elevator Secured / Fire Alarm / Key Card Entry
- Pets Allowed
- Dogs Ok / Yes
- Financing Terms
- Cash / Conventional
- Restrictions
- No Rv
- MLS Area
- 2320
This home's HOA fee works out to $4,108 a month, 95% above the $2,103 median across 8 homes for sale in 1500 Ocean Drive Condo. See 1500 Ocean Drive Condo HOA fees
Schools
- Elementary School
- Miami Beach Fienberg / Fisher K-8
- High School
- Miami Beach
About the Community
1500 Ocean Drive Condo is a luxury waterfront, luxury community in Miami Beach, Miami-Dade County, Florida. Properties are priced from $1,300,000 to $4,800,000. Pure Equity lists homes in 1500 Ocean Drive and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
- Homes for Sale
- 8
- Median List Price
- $1,625,000
- Median $/Sq Ft
- $1,467
- Avg Days on Market
- 183
Frequently Asked Questions
- How do I schedule a tour of 1500 Ocean Drive 1201, Miami Beach, FL 33139?
- Use the Tour button on this listing to request a showing of 1500 Ocean Drive 1201, Miami Beach, FL 33139. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 1500 Ocean Drive 1201, Miami Beach, FL 33139 still available?
- 1500 Ocean Drive 1201, Miami Beach, FL 33139 is currently listed as Under Contract, and has been on the market 158 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 1500 Ocean Drive 1201, Miami Beach, FL 33139?
- With 20% down ($960,000) on the $4,800,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 1500 Ocean Drive 1201, Miami Beach, FL 33139 is about $25,226/mo, before property taxes, insurance, and HOA dues. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 1500 Ocean Drive 1201, Miami Beach, FL 33139?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 1500 Ocean Drive 1201, Miami Beach, FL 33139. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Does 1500 Ocean Drive 1201, Miami Beach, FL 33139 have an HOA fee?
- Yes: 1500 Ocean Drive 1201, Miami Beach, FL 33139 carries an HOA fee of about $4,108 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
- What schools serve 1500 Ocean Drive 1201, Miami Beach, FL 33139?
- 1500 Ocean Drive 1201, Miami Beach, FL 33139 is zoned for Miami Beach Fienberg / Fisher K-8 (elementary), Miami Beach (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 1500 Ocean Drive 1201, Miami Beach, FL 33139?
- Often, yes. The right offer on 1500 Ocean Drive 1201, Miami Beach, FL 33139 depends on how it's priced against comparable condo sales in Miami Beach, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of One Sotheby's International Realty
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated July 1, 2026.
$4,800,000
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Listed by Ines Flax, One Sotheby's International Realty
Map & Location
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Recent Sales
Recently sold homes in 1500 Ocean Drive Condo
These are the last 4 recorded closings in 1500 Ocean Drive Condo, with the price each home actually sold for rather than what it was listed at. They closed at a median of $1,373 per square foot. The most recent closed on May 26, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$2,750,000
Sold · May 26, 2026
1500 Ocean Drive 904
2 bed · 3 bath · 1,740 sqft · $1,580/sqft
$250,000 under the asking price
Sold$1,512,000
Sold · April 20, 2026
1500 Ocean Drive 705
2 bed · 2.5 bath · 1,530 sqft · $988/sqft
$88,000 under the asking price
Sold$2,100,000
Sold · March 16, 2026
1500 Ocean Drive UPH-5
2 bed · 2.5 bath · 1,530 sqft · $1,373/sqft
$400,000 under the asking price
Sold$1,050,000
Sold · October 31, 2025
1500 Ocean Drive 910
1 bed · 2 bath · 940 sqft · $1,117/sqft
$100,000 under the asking price
See every recorded sale in 1500 Ocean Drive Condo or find out what your 1500 Ocean Drive Condo home is worth.
