Cays Realty
1500 Ocean Dr 1109, Miami Beach, FL 33139 — MLS photo

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1500 Ocean Dr 1109, Miami Beach, FL 33139

Active · Condominium

$1,250,000

1500 Ocean Dr 1109, Miami Beach, FL 33139

Beds
1
Baths
2
Living area
940 sq ft
$ / sq ft
$1,330/sq ft
Year built
1998
Lot size
—
HOA fee
—
Annual tax
$11,365

About this property

Timeless elegance meets modern luxury in this newly furnished, beautifully renovated one-bedroom condo designed by award-winning NMR Design Group. Located in the iconic Michael Graves building in the heart of the Historic Art Deco District, this spacious residence features stunning new porcelain floors throughout, two sleek modern bathrooms, a massive walk-in closet, and tasteful new furnishings that enhance its charm. Enjoy incredible city and sunset views, five-star amenities including a pool and gym, and professional 24/7 staff in a quiet cul-de-sac where the ocean is your backyard and Ocean Drive is your front door. With the ultimate convenience of a walkable location, this is oceanfront living at its finest—make every day a beach day!

Property location

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1500 Ocean Dr 1109, Miami Beach, FL 33139

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Facts & features

Interior

Bedrooms
1
Bathrooms
2
Living area
940 sq ft
Flooring
Porcelain Tile
Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven, Washer
Cooling
Central Air, Electric
Heating
Central, Electric
Interior features
Built In Features, Closet Cabinetry, Dual Sinks, Family Dining Room, Walk In Closets, Elevator
Furnished
Furnished

Exterior & Structure

Property type
Condominium
Year built
1998
Stories
15
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Barbecue, Security High Impact Doors
Pool
Heated
Waterfront
Ocean Front
View
Bay, Skyline

Parking

Garage spaces
1
Covered spaces
1
Parking features
Assigned, Attached, Covered, Garage, One Space, Garage Door Opener

HOA, Community & Financials

Association fee
$0 Monthly
Fee inclusions
Association Management, Amenities, Common Areas, Cable Tv, Insurance, Internet, Maintenance Grounds, Maintenance Structure, Reserve Fund, Sewer, Trash, Water
Amenities
Beach Rights, Billiard Room, Bike Storage, Business Center, Clubhouse, Community Kitchen, Fitness Center, Barbecue, Picnic Area, Pool, Sauna, Spa Hot Tub, Storage, Trails, Trash
Security
Closed Circuit Cameras, Complex Fenced, Fire Sprinkler System, Smoke Detectors
Pets allowed
No, Yes
Annual tax
$11,365
Subdivision
1500 OCEAN DRIVE CONDO
County
Miami-Dade
Days on market
0
MLS listing ID
A11902107
Listing status
Active

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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

-$2,985

Cap rate
2.8%
Net yield
2.8%
Cash-on-cash return
-10.2%
Gross yield
4.9%
Mortgage payment
$5,926/mo
Down payment
$312,500
Loan amount
$937,500
Annual NOI
$35,289

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.