Cays Realty
1500 Ocean Dr 507, Miami Beach, FL 33139 — MLS photo

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1500 Ocean Dr 507, Miami Beach, FL 33139

Active · Condominium

$1,390,000

1500 Ocean Dr 507, Miami Beach, FL 33139

Beds
2
Baths
2
Living area
1,170 sq ft
$ / sq ft
$1,188/sq ft
Year built
1998
Lot size
—
HOA fee
$2,124 Monthly
Annual tax
$19,089

About this property

Located in Ocean Drive's beloved Art Deco building - 1500 Ocean Drive. This spacious NW corner unit features 1 bedroom (2nd bedroom was opened into a larger living area), 2 bathrooms, W/D, beautiful marble floors, open kitchen with Italian cabinets, top of the line appliances, custom closets, lighting & electric shades. Amenities and Services include: Private Beach lounge service, state-of-the-art gym with Peloton bike, new pool & hot tub, social events & fitness program in season, climate-controlled storage plus 24 hr security and valet.

Property location

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1500 Ocean Dr 507, Miami Beach, FL 33139

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,170 sq ft
Flooring
Tile
Appliances
Dryer, Dishwasher, Electric Range, Disposal, Ice Maker, Microwave, Refrigerator, Washer
Cooling
Electric
Heating
Electric
Interior features
Built In Features, Family Dining Room, Shower Only, Walk In Closets

Exterior & Structure

Property type
Condominium
Year built
1998
Stories
15
Construction
Other, Stucco
Exterior features
Balcony
Pool
Association, Heated
Waterfront
Ocean Access
View
Ocean, Other

Parking

Garage spaces
1
Covered spaces
1
Parking features
Covered, Guest, Valet

HOA, Community & Financials

Association fee
$2,124 Monthly
Fee inclusions
Common Areas, Cable Tv, Hot Water, Internet, Maintenance Grounds, Maintenance Structure, Other, Parking, Pools, Trash, Water
Amenities
Billiard Room, Clubhouse, Elevators, Fitness Center, Other, Pool, Spa Hot Tub
Security
Door Man, Elevator Secured, Secured Garage Parking
Pets allowed
Conditional, Yes
Annual tax
$19,089
Subdivision
1500 OCEAN DRIVE CONDO
County
Miami-Dade
Days on market
123
MLS listing ID
A12018993
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

-$5,779

Cap rate
0.7%
Net yield
0.7%
Cash-on-cash return
-17.8%
Gross yield
5.1%
Mortgage payment
$6,589/mo
Down payment
$347,500
Loan amount
$1,042,500
Annual NOI
$9,726

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