Own South Beach

1500 Ocean Drive

1500 Ocean Dr · Built 1998 · 16 floors · 113 residences

6 for sale
For sale
6
1 pending · 18.0 mo supply
Median asking
$1.63M
from $1.25M
Median $/sqft
$1,389/sqft
$1,245/sqft sold, 12 mo
Days on market
174
75 to sell · 4 in 12 mo
1500 Ocean Drive
Visitor7 · CC BY-SA 3.0 · Wikimedia Commons

Located on Ocean Drive in the heart of the Art Deco District, this landmark architectural building offers a premier oceanfront location. The property is situated on a private cul-de-sac, providing direct access to the beach and a high walkability score near local dining, shopping, and cultural landmarks.

The building features a variety of resort-style amenities, including a private beach club with lounge and towel service, a heated Mother of Pearl pool and hot tub, and a state-of-the-art fitness center. Additional common areas include a sauna, steam room, massage room, a garden with an outdoor kitchen and BBQ area, and a social room.\n Residents have access to professional staff, 24-hour security, and concierge services. The building also provides climate-controlled storage and a selection of community bikes.

Live near more of Miami

What surrounds 1500 Ocean Drive: seasonal events, annual programs and lifestyle indexes, measured from the building.

Distances are straight-line, not walking or driving.

Getting around

South Beach is a walkable urban neighborhood. Transit, parks, dining and landmarks within reach:

Ocean DriveLincoln RoadSouth Pointe ParkMiami Beach BoardwalkEspañola Way
56
/ 100
B
own.miami Score

A data-grounded score for 1500 Ocean Drive from live market data — value, momentum, liquidity, building health, waterfront and age. Computed, not opinion.

Value15
$1,389/sqft — vs. Miami condos
Momentum90
+22.9% $/sqft over 6 months
Liquidity22
18.0 months of supply · 174 days on market
Health90
No verified records yet — listing signals only
Waterfront90
Waterfront building
Age36
Built 1998
own.miami Condo Index
139100 = the median Miami condo, by price and liquidity.
Rank
#103 of 597 tracked Miami condos
Top 17% by price & liquidity
#25 of 86 in South Beach
Momentum
↑ Rising
$1,389/sqft median ask
Liquidity
Slow
See the full Condo Index →
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Inventory

Sold $/sqft trend

3-month rolling median of closed sales in 1500 Ocean Drive; bars are closings per month.

$1001$1349$1696Oct 2025Dec 2025Apr 2026Aug 2026

Location

Nearby buildings within half a mile.

Building facts

Address
1500 Ocean Dr
Year built
1998
Floors
16
Residences
113
Waterfront
Yes

Amenities

  • · Beach club
  • · Pool
  • · Hot tub
  • · Sauna
  • · Steam room
  • · Fitness center
  • · Garden
  • · Social room
  • · Bike storage
  • · Concierge
  • · Valet
  • · Massage room

Building rules

Parking
The building offers valet parking and some units include designated parking spaces.

Special assessments & recertification outlook

Elevated
  • Built 1998 — past its first structural milestone; next inspection around 2033

Estimated from 1500 Ocean Drive’s age and signals in active listings — not an official inspection or reserve report. Always verify the building’s milestone-inspection status and reserves with the association before buying.

Frequently asked

How much do condos at 1500 Ocean Drive cost?+

There are 6 condos for sale at 1500 Ocean Drive, from $1,250,000, with a median asking price of $1,625,000 ($1,389/sqft).

Is 1500 Ocean Drive a good time to buy?+

1500 Ocean Drive currently has about 18.0 months of supply — a buyer-friendly pace with more negotiating room.

How much are the HOA fees at 1500 Ocean Drive?+

HOA / maintenance fees at 1500 Ocean Drive run around $2,124 per month among units currently for sale; the exact fee varies by unit size and line, so confirm the current amount with the listing or the condo association.

Is 1500 Ocean Drive a waterfront building?+

Yes — 1500 Ocean Drive is a waterfront building (South Beach).

When was 1500 Ocean Drive built?+

1500 Ocean Drive was built in 1998, 16 stories, 113 residences.

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