1500 Ocean Dr 607, Miami Beach, FL 33139 — MLS photo

Get More Info About This Property

1500 Ocean Dr 607, Miami Beach, FL 33139

Active · Condominium

$1,675,000

1500 Ocean Dr 607, Miami Beach, FL 33139

Beds
2
Baths
2
Living area
1,170 sq ft
$ / sq ft
$1,432/sq ft
Year built
1998
Lot size
—
HOA fee
$2,124 Monthly
Annual tax
$19,280

About this property

NEW ON MARKET! FULLY RENOVATED. DIRECT OCEANFRONT. BEST SOUTH BEACH LOCATION! This Unit delivers what matters most: direct oceanfront views, refined design & an unbeatable South Beach address. Wake up to front-row ocean views from this sleek 1,170 SF residence designed for effortless coastal luxury living. This 2BR/2BA home blends clean, modern design w/high-end finishes, featuring beautiful travertine floors, a renovated kitchen, stone counters & backsplash, Sub-Zero, & new stainless steel appliances. The oversized primary suite: a serene retreat w/a spacious windowed en-suite bath, double sinks, soaking tub jacuzzi & glass enclosed shower. A flexible 2nd BR opens to living area & is designed w/a Murphy bed, custom glass doors framing the ocean, & blackout shades for privacy, ideal as guest suite, home office or yoga/exercise room. A private terrace is accessible from every room, for a seamless indoor-outdoor flow w/ocean views. Resort Amenities:private beach club w/lounge, umbrella & towel service, heated saltwater pool, hot tub, sauna, steam room, fitness center, & a lush garden w/BBQ & outdoor kitchen. Step outside and you’re in the heart of Miami Beach - the famous beach boardwalk, Ocean Dr & Lincoln Rd. Walk to cafés, fine dining, shopping & Symphony. Landmark oceanfront bldg. 25 yr recertification completed w/assessment fully paid by Seller. Bldg has $1.3M+ in reserves - excellent financials. Oceanfront. Turnkey. Elevated. BRING OFFERS - WILL NOT LAST.

Property location

Get Directions

1500 Ocean Dr 607, Miami Beach, FL 33139

Loading property location…

Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,170 sq ft
Flooring
Marble
Appliances
Dryer, Dishwasher, Refrigerator, Washer
Cooling
Central Air, Ceiling Fans
Heating
Central
Interior features
Bedroom On Main Level, Elevator, Garden Tub Roman Tub, Walk In Closets

Exterior & Structure

Property type
Condominium
Year built
1998
Stories
16
Architectural style
High Rise
Construction
Block
Exterior features
Security High Impact Doors
Pool
Heated
Waterfront
Ocean Front
View
Ocean

Parking

Garage spaces
1
Covered spaces
1
Parking features
Assigned, One Space, Valet

HOA, Community & Financials

Association fee
$2,124 Monthly
Fee inclusions
Amenities, Cable Tv, Hot Water, Internet, Maintenance Grounds
Amenities
Bike Storage, Business Center, Fitness Center, Library, Barbecue, Picnic Area, Pool, Storage
Security
Elevator Secured, Secured Garage Parking, Key Card Entry, Fire Sprinkler System
Pets allowed
Conditional, Yes
Annual tax
$19,280
Subdivision
1500 OCEAN DRIVE CONDO
County
Miami-Dade
Days on market
57
MLS listing ID
A12004938
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

-$6,607

Cap rate
1.0%
Net yield
1.0%
Cash-on-cash return
-16.9%
Gross yield
4.8%
Mortgage payment
$7,940/mo
Down payment
$418,750
Loan amount
$1,256,250
Annual NOI
$15,997

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