1500 Ocean Dr # 507, Miami Beach FL 33139
About this home
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 Mother of Pearl pool & hot tub, social events & fitness program in season, climate-controlled storage plus 24 hr security and valet.
Features
- Lobby
- Built-in Features
- Walk-In Closet(s)
- East Of Us1
- Open Balcony
- Ocean View
- Other View
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $7,206
- HOA
- $2,124 / mo
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, 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. 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.