$2,998,000
3 bd · 3 ba · 1,740 sqft
1500 Ocean Drive # 1003, Miami Beach, FL 33139
The Michael Graves
1500 Ocean Drive Building Guide
1500 Ocean Dr, Miami Beach, FL 33139 · Miami Beach
Inside 1500 Ocean Drive
On 1500 Ocean Dr in South Beach, 1500 Ocean Drive is a residential condominium. We follow this building unit by unit: each line, floor and exposure trades at its own level, so the listings below are sorted by status — available, under contract and recently closed — rather than blended into a single average.
The layouts seen in recent MLS activity run from 1-bedroom plans up to 3-bedroom residences. Shared facilities on record for the building include exercise room, spa/hot tub, billiard room, doorman, elevator(s) and fire sprinklers — worth confirming with the association which are covered by the monthly dues and which carry their own fees. For closed prices, rents and time-to-sell by bedroom count, scroll to the twelve-month market report for 1500 Ocean Drive further down.
Building Record
- Address
- 1500 Ocean Dr, Miami Beach, FL 33139
- Median Price / SqFt
- $1,473
Shared Amenities at 1500 Ocean Drive
- Exercise Room
- Spa/Hot Tub
- Billiard Room
- Doorman
- Elevator(s)
- Fire Sprinklers
- Heated Pool
- Pool
- Secured Garage/Parking
- Smoke Detector
- Barbecue
- Bike Storage
- Business Center
- Card Entry
- Clubhouse-Clubroom
- Community Room
- Complex Fenced
- Elevator Secure
- Fire Alarm
- Sauna
- Storage
- Trash Chute
- TV Camera
- Walled
In-Unit Features at 1500 Ocean Drive
- Dishwasher
- Dryer
- Electric Range
- Microwave
- Open Balcony
- Refrigerator
- Walk-In Closet(s)
- Washer
- Fire Sprinklers
- Ocean View
- Blinds
- Built-in Features
- Closet Cabinetry
- Custom Mirrors
- Deck
- Disposal
- Electric Water Heater
- Ice Maker
- Lobby
- Marble
- Other View
- Other Windows
- Self Cleaning Oven
- Skyline
Finishes differ from unit to unit; check any feature against the specific listing before relying on it.
Layouts & Floor Plans in 1500 Ocean Drive
Unit layouts recorded in 1500 Ocean Drive listings, active and recently closed:
| Residence | Size Range | For Sale | For Rent | Sale Pricing | Avg $/SqFt |
|---|---|---|---|---|---|
| 1 Bed / 2 Bath | 940 sqft | 1 | — | $1.4M | $1,473 |
| 2 Bed / 2 Bath | 940–1,530 sqft | 4 | 3 | $1.4M – $2.3M | $1,415 |
| 2 Bed / 3 Bath | 1,530–1,740 sqft | 1 | — | $2.0M | $1,307 |
| 3 Bed / 3 Bath | 1,740–2,320 sqft | 1 | 1 | $3.0M | $1,723 |
Compiled from MLS records. Ask for the official plan of a particular line and we will send the developer drawing.
1500 Ocean Drive Listings
1500 Ocean Drive — Units for Sale
1500 Ocean Drive — Units for Lease
1500 Ocean Drive — Leases Pending
1500 Ocean Drive — Closed Sales, Past Year
1500 Ocean Drive — Leases Signed, Past Year
$2,300,000
2 bd · 2 ba · 1,530 sqft
1500 Ocean Dr # PH-05, Miami Beach, FL 33139
1500 OCEAN DRIVE CONDO
$1,999,000
2 bd · 3 ba · 1,530 sqft
1500 OCEAN DRIVE # 905, MIAMI BEACH, FL 33139
$1,800,000New
2 bd · 2 ba · 1,170 sqft
1500 OCEAN DR # 707, Miami Beach, FL 33139
1500 OCEAN DRIVE
$1,675,000
2 bd · 2 ba · 1,170 sqft
1500 Ocean Dr # 607, Miami Beach, FL 33139
1500 OCEAN DRIVE CONDO
$1,390,000
2 bd · 2 ba · 1,170 sqft
1500 Ocean Dr # 507, Miami Beach, FL 33139
1500 OCEAN DRIVE CONDO
$1,385,000New
1 bd · 2 ba · 940 sqft
1500 Ocean Dr # 1210, Miami Beach, FL 33139
1500 OCEAN DRIVE CONDO
1500 Ocean Drive: Twelve-Month Condo Readout
A rolling year of recorded closings and signed leases for 1500 Ocean Drive, recalculated as new MLS closings post. Switch the metric or bedroom count below to isolate the part of the building stock you are shopping.
- Closed sales:
- 3
- Median closed:
- $2.1M
- Per sqft:
- $1,373
- Median days to sell:
- 29
- Year over year:
- +100%
- Leases signed:
- 11
- Median rent:
- $9,000/mo ($5.88/sqft)
$2.1M
Median (12 mo)
3
Sales (12 mo)
29 days
Median DOM
Last 12 Months by Bedroom Count
| Residence | Sales | Median Sold | Sold $/SqFt | DOM | Leases | Median Rent | Rent $/SqFt |
|---|---|---|---|---|---|---|---|
| 1 Bed | — | — | — | — | 1 | $5,000 | $5.32 |
| 2 Bed | 3 | $2.1M | $1,373 | 29 | 8 | $9,000 | $5.88 |
| 3 Bed | — | — | — | — | 2 | $30,000 | $12.93 |
Month-by-month table — All
| Month | Sales | Median Sold | Sold $/SqFt | DOM | Leases | Median Rent | Rent $/SqFt |
|---|---|---|---|---|---|---|---|
| Dec 2025 | — | — | — | — | 5 | $9,000 | $5.88 |
| Jan 2026 | — | — | — | — | 1 | $30,000 | $12.93 |
| Feb 2026 | — | — | — | — | — | — | — |
| Mar 2026 | 1 | $2.1M | $1,373 | 159 | — | — | — |
| Apr 2026 | 1 | $1.5M | $988 | 29 | 1 | $6,000 | $6.38 |
| May 2026 | 1 | $2.8M | $1,580 | 24 | — | — | — |
| Jun 2026 | — | — | — | — | — | — | — |
| Jul 2026 | — | — | — | — | 2 | $20,000 | $8.62 |
| Aug 2026 | — | — | — | — | 1 | $5,000 | $5.32 |
| Sep 2026 | — | — | — | — | 1 | $7,000 | $4.58 |
| Oct 2026 | — | — | — | — | — | — | — |
| Nov 2026 | — | — | — | — | — | — | — |
Where 1500 Ocean Drive Sits
Towers to Compare With 1500 Ocean Drive
Comparable South Beach buildings whose current listings overlap the 1500 Ocean Drive price band — worth touring side by side:
Questions Buyers Ask About 1500 Ocean Drive
Which association documents should I review before buying at 1500 Ocean Drive?
Request the current budget, the reserve study, at least a year of board minutes, the rules and regulations, and a written statement of any special assessment that is approved or under discussion. Florida's condo-safety laws now require milestone structural inspections and structural integrity reserve studies for buildings of three or more stories, so ask where 1500 Ocean Drive stands on both.
Does 1500 Ocean Drive allow pets?
Pet policy is set by the 1500 Ocean Drive association and can limit the number, size or type of animals — and a board vote can change it. Get the current rule in writing before you make an offer; we request it as a standard step on every condo purchase we handle.
What leasing rules apply to owners at 1500 Ocean Drive?
Minimum lease length, how many times a year a unit may be leased, tenant approval and any waiting period for new owners are association decisions. If you plan to rent the unit out, verify the current policy first; the rental and leased tabs on this page show the lease activity recorded here.
How do view lines and floor height affect value at 1500 Ocean Drive?
Inside one tower, price follows the stack: exposure, view corridor, floor height and whether the line is a corner unit all matter. Compare closed prices by bedroom count in the market report, then ask us which lines in 1500 Ocean Drive face which direction before you build a shortlist.
Does a unit at 1500 Ocean Drive come with parking?
Parking arrangements differ by building and sometimes by unit — assigned spaces, valet, or spaces conveyed as limited common elements. Confirm how many spaces transfer with the specific residence and whether guest parking or storage costs extra.
How does Gromadzki Real Estate price a unit in 1500 Ocean Drive?
Building first: closings in the same line and bedroom count, then nearby floors, then comparable towers in South Beach. The association's health — reserves, assessments and insurance — gets equal weight, because it shapes the monthly cost of ownership as much as the purchase price does.
What is the street address of 1500 Ocean Drive?
The building's address is 1500 Ocean Dr, Miami Beach, FL 33139 — part of South Beach. The map lower on this page pins its exact location.
1500 Ocean Drive: Building Notes
Building file: 1500 Ocean Drive, South Beach, Miami Beach, Florida 33139 (Miami-Dade County). Before any offer here we pull the association's current budget, reserve funding, recent board minutes, any approved or proposed special assessment and the building's milestone-inspection status, then price the unit against closings in its own line before looking at neighboring towers. Buyers weighing 1500 Ocean Drive usually tour Icon South Beach, Continuum North and South Pointe Tower as well. To see a specific unit or ask which lines face which direction, call Matthew Gromadzki at +1 786-370-8570.