Interior
- Bedrooms
- 3
- Bathrooms
- 3
- Living area
- 1,740 sq ft
Active · Condominium
$2,998,000
1500 Ocean Drive 1003, Miami Beach, FL 33139
- Beds
- 3
- Baths
- 3
- Living area
- 1,740 sq ft
- $ / sq ft
- $1,723/sq ft
- Year built
- 1998
- Lot size
- —
- HOA fee
- —
- Annual tax
- —
About this property
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.
Property location
Get Directions1500 Ocean Drive 1003, Miami Beach, FL 33139
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Facts & features
Exterior & Structure
- Property type
- Condominium
- Year built
- 1998
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- Association fee
- $0
- County
- Miami-Dade
- MLS listing ID
- A11865493
- Listing status
- Active
Investment intelligence
Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$10,468
- Cap rate
- 1.5%
- Net yield
- 1.5%
- Cash-on-cash return
- -15.0%
- Gross yield
- 4.6%
- Mortgage payment
- $14,212/mo
- Down payment
- $749,500
- Loan amount
- $2,248,500
- Annual NOI
- $44,924
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.