1500 Ocean Drive Miami Condos for Sale & Rent | 1500 Ocean Drive, South Beach, Miami Beach, FL 33139 | CondoInvestMiami
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1500 Ocean Drive Miami Condos for Sale & Rent

1500 Ocean Drive, South Beach, Miami Beach, FL 33139

A landmark oceanfront South Beach residence by Michael Graves Architecture & Design, with beach, pool, and wellness services.

Ask about this building
Price
From $1,385,000
Bedrooms
1–3
Listed now
7 listed
Year Built
1998
Last updated Nov 7, 2026, 6:15 PM EST

For Sale Units

7 for-sale listings at 1500 Ocean Drive

1210$1,385,00012940$1,4738
507$1,390,000221,170$1,188123
907$1,575,000221,170$1,346310
607$1,675,000221,170$1,43257
707$1,800,000221,170$1,5381
PH-05$2,300,000221,530$1,5030
1003$2,998,000331,740$1,723352

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Building Details

ArchitectMichael Graves Architecture & Design
Floors15
MLS Units Seen27
Year Built1998

Building profile

About 1500 Ocean Drive

1500 Ocean Drive is a landmark South Beach condominium designed by Michael Graves Architecture & Design. Rising 15 stories along the oceanfront, the building is known for its distinctive rounded tower, expressive postmodern design, and a rare setting directly on the sand in Miami Beach. Completed in 1998, the residence includes 111 homes and places residents within easy reach of the restaurants, boutiques, and cultural destinations of South Beach while preserving a more private residential setting. Homes range from one-bedroom residences to larger multi-bedroom layouts, with select residences offering expansive terraces and ocean views. Amenities are designed around the beach lifestyle. Residents have access to a heated pool and spa, pool and beach service, beach chairs and umbrellas, a fitness center, sauna, steam room, massage services, the Ocean Room, a billiards and game room, bike storage, and 24-hour front desk and valet service.

Building data

Quick facts

Building details and live MLS activity are presented for easy comparison.

DBPR condominium units
114Source: Florida DBPR — Condominiums by County (project Units) · Checked
Median closed $/sq ft (12 months)
Not enough sales (3 sales)

Price per sq ft by year (MLS aggregate)

YearMedian closed $/sq ftNumber of closed sales
2021$1,1456
2022$1,0637
2023Fewer than 5 sales2
2024Fewer than 5 sales3
2025Fewer than 5 sales1
Trailing 12 monthsFewer than 5 sales3

Source: Miami MLS closed sales, aggregated by CondoInvestMiami · Updated

Building details

Year built

1998

Floors

15

Current MLS snapshot

Current Miami-Dade MLS activity for this building.

Live price range

$1,385,000 – $2,998,000

Bedrooms listed

1–3

Size range

940–2,320 sq ft

Average list $/sq ft

$1,458

Sales by period

PeriodClosed salesMedian closed $/sq ftMedian closed price
3 months0Not enough salesNot enough sales
6 months1Not enough salesNot enough sales
12 months3Not enough salesNot enough sales
24 months4Not enough salesNot enough sales

Median closed metrics require at least 10 matched closed sales and at least 10 eligible observations for each metric in the stated period.

Market data

Closed sales, 12 months
3
Median closed $/sq ft
Not enough sales
Median days on market
Not enough sales
Median sale-to-list ratio
Not enough sales

Source: MLS closed sales, 2025-11-08 to 2026-11-07 (inclusive). How our data works · Full Miami condo market data

Active inventory and market data

Closed sales, 12 months
3
Closed sales, 24 months
4
Active for sale
7
Pending / under contract
0
Months of supply
28 months

Active for sale × 12 ÷ closed sales (12 months): 7 × 12 ÷ 3. n=3 closed sales; no minimum sample threshold.

Median days on market — active for-sale listings
57 days

n=7 current active for-sale listings with valid nonnegative MLS days on market. Includes ComingSoon; excludes rentals, pending and closed sales. Small samples are shown.

Closed-sale medians — 24 months

Median closed $/sq ft, 24 months
Not enough sales

n=4 eligible observations

Median closed price, 24 months
Not enough sales

n=4 eligible observations

Median closed-sale days on market, 24 months
Not enough sales

n=4 eligible observations

Median sale-to-list ratio, 24 months
Not enough sales

n=4 eligible observations

24-month medians require at least 10 matched closed sales and 10 eligible observations per metric. Window: 2024-11-08 to 2026-11-07 (inclusive).

Source: current MLS inventory and aggregated closed sales for this building. How our data works

Unit lines from current listings

Current active and pending MLS listings only. Lines use the last 2 numeric unit digits, keeping tower letters separate. This is a listing sample, not a complete building floor plan.

Unit-line aggregates from 8 available eligible listings; 1 ambiguous or unparseable unit identifiers excluded.
Line / towerBedsLiving area (sq ft)Observed floorsListingsFloor methodology
0232,32071Derived from unit number (1)
0331,740101Derived from unit number (1)
0721,1705, 6, 7, 94Derived from unit number (4)
101940121Derived from unit number (1)

Floors are reported by MLS where available. For numeric unit numbers without a reported floor, the prefix before the final two digits is used; those floors are marked as derived.

Beds and living areas are reported by MLS. No sold-unit details or prices are included.

Published profile details

Amenities & Services

Amenities shown here help illustrate the residence and its community. Service access can vary by unit and program terms.

🏖️

Pool & Beach

  • •Heated pool and spa
  • •Pool and beach service
  • •Beach chairs and umbrella service
🧖

Wellness

  • •Fitness center
  • •Sauna
  • •Steam room
  • •Massage services
🎱

Resident Services

  • •Ocean Room
  • •Billiards and game room
  • •24-hour front desk and valet
  • •Bike storage

Building highlights

Residence Details

✓Completed in 1998
✓111 residences
✓15 stories
✓Oceanfront South Beach location

Photo Gallery

5 photos

Photo credits

Photo: Visitor7 / CC BY-SA 3.0 · Wikimedia CommonsPhoto: Phillip Pessar / CC BY 2.0 · FlickrPhoto: CondoInvestMiami owner-supplied media · Official building website · Owner-supplied 1500 Ocean Drive building photographsPhoto: CondoInvestMiami owner-supplied media · Official building website · Owner-supplied 1500 Ocean Drive building photographsPhoto: CondoInvestMiami owner-supplied media · Official building website · Owner-supplied 1500 Ocean Drive building photographs

Location

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1500 Ocean Drive, South Beach, Miami Beach, FL 33139

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Building records

Flood zone
AESource: FEMA National Flood Hazard Layer — effective Flood Hazard Zones · Checked
Hurricane evacuation zone
BSource: Miami-Dade County — Hurricane Evacuation Zone / Storm Surge Planning Zone · Checked
Year built
1998Source: Miami-Dade Property Appraiser — official current residential parcel · Checked
DBPR condominium units
114Source: Florida DBPR — Condominiums by County (project Units) · Checked
Show all records
FEMA zone at the building’s documented map point, not the entire parcel or building footprint.
County planning zone at the documented building point; this is not an evacuation order.
Year reported for a current residential parcel; recorded years can differ between units.
DBPR reports condominium-project units; these may differ from residential-only or physical-building totals.
Milestone / 40–50 year recertification
Not yet checkedSource: Local building department · Not yet checked
Open building violations / structure cases
4 open building/structure magistrate case(s) in official address search (not a whole-building finding)Source: City of Miami Beach — open building/structure magistrate cases · Checked
FHA project approval
Not yet checkedSource: HUD FHA condominium approval list · Not yet checked
VA project approval
Not found in public records as of November 2, 2026Source: U.S. Department of Veterans Affairs — LGY Hub Condominium Report · Checked
DBPR association registration
Not yet checkedSource: Florida DBPR condominium association registration · Not yet checkedDBPR project status does not confirm current association registration compliance.
Rental rules reported in listings
Pets: Conditional,Yes most frequently reported; reported values: CatsOk,DogsOk,Yes · Conditional,Yes · DogsOk,Yes · No,Yes · SizeLimit,Yes. As reported in 8 active listingsSource: Active Miami MLS listings · Checked Sample: 8
Special assessments reported in listings
Not yet checkedSource: Active Miami MLS listings · Not yet checked
HOA per sq ft
$1.82 per sq ft per month · n=3Source: Active Miami MLS listings · Checked Sample: 3

These records come from public sources and active MLS listings on the dates shown. They do not replace the association's budget, reserve study (SIRS), milestone inspection report, insurance and minutes, which a buyer should request before signing.

What does the 12-month MLS history show?

In the last 12 months, 3 MLS sales closed. Median closed price per square foot: Not enough sales.

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