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1500 Ocean Dr # 05, Miami Beach FL 33139

Penthouse For Sale
$2,300,000

BTC: 35.93750000

ETH: 1,317.29667812

56 days
Waterfront
2 bds
2 ba
1,530 sqft

Overview

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.

Location

Details

Type:
Residential
Parking:
Attached Carport / 2 Or More Spaces / Covered / Valet
Year Built:
1998
Lot:
No Data
Heating:
Central / Electric
Price/sqft:
$1,503
Cooling:
Central Air / Electric
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,297,000
$797K – $2.4M
Confidence Low
List vs. estimate
$1.0M above estimate
List $2,300,000 · +77.3%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,503
+35.8% vs. city median $1,107
Based on
16 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $367K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$24,832
2025
View
Ocean View
Waterfront
Ocean Access
Garage
2 car garage
Furnished
Furnished
Pets
Allowed
All facts and features
  • Flooring

    • Marble

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    • Electric

    Appliances

    • Dishwasher

    • Dryer

    • Microwave

    • Electric Range

    • Refrigerator

    • Self Cleaning Oven

    • Washer

    Other interior features

    • First Floor Entry

    • Built-in Features

    • Closet Cabinetry

    • Pantry

    • Walk-In Closet(s)

    • Den/Library/Office

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 2

  • Parking

    • Attached Carport

    • 2 Or More Spaces

    • Covered

    • Valet

    Property

    • Exterior Features: East Of Us1 / Barbeque / Open Balcony

    Other Property Information

    • Parcel Number: 02-32-34-118-0530

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA Frequency: Monthly

    • Annual tax amount: $24,832

  • Source details

    • MLS ID: A11997096

    Other facts

    • Construction Materials: Concrete Block Construction

    • Patio And Porch Features: Open Balcony

    • Window Features: Clear Impact Glass / Blinds

    • Direction Faces: Northeast

    • Architectural Style: Penthouse

    • Waterfront: Yes

    • Garage Spaces: 2

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 1530

    • Subdivision Name: 1500 OCEAN DRIVE CONDO

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: One Sotheby's International Realty