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1500 Ocean Drive

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1500 Ocean Dr, Miami Beach, FL 33139, USA

South Beach, Miami
8
for sale
10
for rent
4
sold
Median Price
$1.6M
Median SQFT Price
$1,402
SF Range
940 - 1,740 SF
Beds
1 - 3
Avg. Dom
209 days
Year Built
1998

Overview

How would you love an unbeatable location, beautiful architecture, and premier amenities? Think of a well-appointed condo living right in Miami Beach. The home is at 1500 Ocean Drive.

 

1500 Ocean Drive's elegant design is by the prominent architect Michael Graves. It is a mid-rise oceanfront condo building. The developer is Constructa, Inc. This property rises to 16 stories along the world-famous South Beach neighborhood. It features 112 condo units with stunning ocean views. 1500 Ocean Drive is the first signature property along Miami's beachfront.

 

What will welcome you are the lovely fountains flowing in the grand lobby. 1500 Ocean Drive's lobby and common areas feature a contemporary style with an Art Deco feel.

 

How about walking through the different fun spots around the neighborhood? Whether it be museums, movies, arts, theater, clubs, bars, and fine dining. How exciting it is! This community is a diverse city full of adventures waiting to happen.

 

1500 Ocean Drive Condominiums is right in the heart of South Beach. Grab the lifetime opportunity to enjoy the beautiful beaches nearby. It is also a short drive to gorgeous parks like South Pointe.

 

How do you bring that excitement of living in a home across the clear blue waters of the Atlantic to reality?

 

View of 1500 Ocean Drive and the Atlantic Ocean

 

Location

 

1500 Ocean Drive is in the heart of South Beach. It is on the world-famous Ocean Drive. This ideal location puts it in a spot close to several restaurants, shops, night spots, and more. Lincoln Road is nearby, too. You can always do upscale shopping. The east side faces the breathtaking Atlantic Ocean. There is a private beach for residents. Modern conveniences are abounding, so this is a perfect place for a home.

 

You'd find a relaxing community here at 1500 Ocean Drive. It offers the luxuries of a five-star resort yet is very intimate and exclusive.

 

View of 1500 Ocean Drive and the beach in Miami Beach from the Atlantic Ocean

 

Premier Features & Amenities

 

1500 Ocean Drive has one, two, three, four, and five-bedroom layouts. All homes are with floor-to-ceiling windows. The ceilings have a textured finish. Plus, there are sliding glass doors. Some choice residences have spacious private rooftop terraces with glass railings. They also have outdoor spas and dining areas. You can bask in stunning views.

 

The kitchens are fully-equipped. They feature Snaidero European Wood Cabinetry. They also have granite countertops. Appliances are high-end. Enjoy the Sub-Zero refrigerator and freezer. There are convection oven, microwave, KitchenAid, and dishwasher.

 

Premium Kitchen Features at 1500 Ocean Drive in Miami Beach

 

Master bathrooms offer soaking tubs and dual-sink vanities. The flooring is marble (imported). There is a porcelain lavatory. There are a jacuzzi and a whirlpool bath.

 

The master bedrooms have oversized walk-in closets. A separate laundry room features Maytag appliances.

 

This home looks pretty much furnished with beautiful stuff. All you have to do is use and enjoy them.

 

1500 Ocean Drive condos offer unparalleled amenities like no other. Enjoy the direct beach access, state-of-the-art fitness center, and an oceanside sun deck. For the complete list of amenities, please check the list below.

 

If you’re up for a premier condominium lifestyle, check out the units at 1500 Ocean Drive. The location is perfect, and the modern conveniences are unmatched. Own that dream home now. We will help you at BrokerOne to achieve this vision. Please get in touch with us soon for details.

💡 Did You Know?

Record sale: $2,100,000 changed hands at 1500 OCEAN DR UPH-5, Miami Beach, FL 33139 in March 2026.
The area's oldest structure stands at 1500 OCEAN DR 401, Miami Beach, FL 33139, built in 1998.
Housing mix: 100% condos.

Data powered by brokerone.io

1500 Ocean Drive Units For Sale

Status Bedrooms
$1,250,000
1109
For Sale
1 Beds · 2 Baths · 940 SQFT
$1,330/SQFT · 241 DOM
$1,425,000
1210
For Sale
1 Beds · 2 Baths · 940 SQFT
$1,516/SQFT · 130 DOM
$1,425,000
507
For Sale
2 Beds · 2 Baths · 1,170 SQFT
$1,218/SQFT · 39 DOM
$1,575,000
907
For Sale
2 Beds · 2 Baths · 1,170 SQFT
$1,346/SQFT · 203 DOM
$1,675,000
607
For Sale
2 Beds · 2 Baths · 1,170 SQFT
$1,432/SQFT · 62 DOM
$2,100,000
905
For Sale
2 Beds · 2 Baths · 1,530 SQFT
$1,373/SQFT · 628 DOM
$2,300,000
PH-05
For Sale
2 Beds · 2 Baths · 1,530 SQFT
$1,503/SQFT · 75 DOM
$3,200,000
1003
For Sale
3 Beds · 3 Baths · 1,740 SQFT
$1,839/SQFT · 301 DOM

1500 Ocean Drive Real Estate Market Trends

Median List Price
The median list price of homes in 1500 Ocean Drive, was $1,625,000 in June 2026, compared to $1,625,000 in June 2025.

Location

1500 Ocean Dr, Miami Beach, FL 33139, USA

Neighborhood Insights

Ownership & Property Data

Median Assessed Value $1.3M
Highest Assessed Value $7.8M

Top Property Owners

ALBERT R LEPAGE $4.5M
MARK CUBAN TR $4.2M
MARK GOMES DJULIETA PULBERE $4.1M
CHRISTOPHER REGAN LEONTE REGAN $2.9M
ROBERT P ELEFANTE TATYANA ELEFANTE $2.8M

Foreclosure Risk Score

26/100 MODERATE
30-Year Mortgage Rate 6.47%
Local Unemployment 3.9%

Risk score based on economic indicators, lis pendens filings, and census data. Not financial advice.

Data powered by brokerone.io

Property Information

Amenities
• Lush landscaping;
• Full-time concierge;
• 24-hour security and lobby attendant;
• 24-hour valet parking (within Port Cochere);
• Direct-beach access;
• Beach lounge chairs, umbrellas, and beach services;
• State-of-the-art Fitness Center;
• Yoga/Pilates/Aerobic Classes with Personal Fitness Training;
• Steam room and sauna;
• Massage rooms;
• Party Pool deck ( overlooking the beach and Atlantic Ocean);
• Heated pool and outdoor spa;
• Outdoor lounge area;
• Game room with billiards;
• Private storage for select units;
• Secured assigned parking;
• In-residence food and beverage service.

1500 Ocean Drive Frequently Asked Questions

  • The 1500 Ocean Drive building is located at address 1500 Ocean Dr, Miami Beach, FL 33139, USA.

  • The 1500 Ocean Drive building was constructed in the year 1998.

  • The 1500 Ocean Drive building is located in the South Beach, Miami neighborhood.

  • The 1500 Ocean Drive building belongs to the following categories: Waterfront, Premium.

  • Currently, there are 8 condos for sale in the 1500 Ocean Drive building.

  • Currently, there are 10 condos for rent in the 1500 Ocean Drive building.

  • 4 condos have been sold in the 1500 Ocean Drive building in the last 12 months.

  • The square footage of condos in the 1500 Ocean Drive building is from 940 to 1740 sq.ft.

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Financing Risk Indicators

Signals lenders weigh on this building. Not a Fannie/Freddie eligibility statement.
Elevated · 50/100
DBPR Status
Not registered with DBPR
No DBPR record matched this address.
Cash vs. Financed
100%
cash · 6 sales last 24 months
Heavy cash share signals lender caution on this stack.
Foreclosure Activity
0.0
filings per 100 units · last 5 years
SB 4D Milestone
1998
year built
Inspection now required.
Non-Market Transfers
14.9
per 100 units · last 5 years
High LLC-churn rate — typical of bulk-investor stacks.