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Waterfront · Condominium
$1,800,000$1,538 / sqft
1500 OCEAN DR # 707, Miami Beach FL 33139
Listed
2
Bedrooms
2
Bathrooms
1,170 sqft
Interior
1998
Year built
None
HOA
Condominium
Type
About this home
Elegant and beautifully remodeled oceanfront residence at prestigious 1500 Ocean Drive in the heart of South Beach. Enjoy spectacular ocean and city views from this sophisticated Miami Beach home featuring an open-concept kitchen with white cabinetry, granite countertops, premium appliances, luxurious marble baths, and refined finishes throughout. Experience resort-style living with private beach service, oceanfront pool, fitness center, 24-hour security, concierge, and valet parking. Ideally located on iconic Ocean Drive, just steps from Lincoln Road, acclaimed dining, shopping, and entertainment. An exceptional opportunity to enjoy luxury oceanfront living in Miami Beach.
Features
- Custom Mirrors
- Fire Sprinklers
- Walk-In Closet(s)
- East Of Us1
- Open Balcony
- Ocean View
Leasing
- Minimum lease
- 90 days
- Leases permitted per year
- 2
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Location
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 2-bed rentals in Miami Beach, from 200 active listings; the middle half ask $3,600–$10,000.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.