1500 Ocean Dr PH-05, Miami Beach, FL 33139 — MLS photo

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1500 Ocean Dr PH-05, Miami Beach, FL 33139

Active · Condominium

$2,300,000

1500 Ocean Dr PH-05, Miami Beach, FL 33139

Beds
2
Baths
2
Living area
1,530 sq ft
$ / sq ft
$1,503/sq ft
Year built
1998
Lot size
—
HOA fee
—
Annual tax
—

About this property

Discover the charm and warmth of this iconic oceanfront boutique condo, perfectly situated in the heart of the largest historic Art Deco district in America. This incredible penthouse apartment features 2 bedrooms, 2 bathrooms, and 2 designated parking spaces. Luxuriously appointed with marble floors and bathrooms, a custom kitchen, designer closets, and bespoke lighting, every detail is thoughtfully curated. The award-winning Michael Graves Condo offers unparalleled luxury amenities, including a private beach with chaise lounges, cabanas, towel service, and attentive staff. Additional features include a state-of-the-art gym, steam bath, sauna, massage room, a stunning mother-of-pearl lap pool with a jacuzzi, BBQ areas, pool table, card tables, air-conditioned storage, and communal bikes.

Property location

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1500 Ocean Dr PH-05, Miami Beach, FL 33139

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,530 sq ft

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
A11997096
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

-$7,715

Cap rate
1.7%
Net yield
1.7%
Cash-on-cash return
-14.4%
Gross yield
4.7%
Mortgage payment
$10,903/mo
Down payment
$575,000
Loan amount
$1,725,000
Annual NOI
$38,253

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