Miami Art Week 2026Upcoming
15 exhibitions within 1 mile
Art Week Score 76 · #7 in South Beach
#7 in South Beach · #7 in Miami
Nearest: Aqua Art Miami, 0.1 mi away
For sale
7
0 pending · 28.0 mo supply
Median asking
$1.8M
from $1.39M
Median $/sqft
$1,503/sqft
$1,373/sqft sold, 12 mo
Days on market
59
29 to sell · 3 in 12 mo
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.
Publix IndexLive now
47 / 100
Nearest Publix: Publix at Publix Super Market, 0.8 mi
#125 in South Beach · #492 in Miami
Excellent urban planning.
3 Publix stores nearby
Crane IndexLive now
Tower sites within 1 km: 2
Within 500 m: 1 · within 250 m: 0
Nearest tower site: Ritz-Carlton Residences South Beach, 0.3 mi
2 tower sites nearby
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
66
/ 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.
Value28
$1,503/sqft — vs. South Beach condos, then all of Miami
Momentum98
+41.5% $/sqft over 6 months
Liquidity37
21.0 months of supply · 59 days on market
Health97
1 verified record: 40/50-yr recertification
Waterfront90
Waterfront building
Age50
Built 1998 — vs. South Beach buildings
own.miami Condo Index
178Above market100 = the median Miami condo building's price per sq ft; 200 = twice it.
Rank
#86 of 698 tracked Miami condos
Top 12% by price per sq ft
#19 of 121 in South Beach
Momentum
↑ Rising
$1,503/sqft median ask
Liquidity
Balanced
Want the inside track on 1500 Ocean Drive?
Get new listings here before the portals, and a straight answer from someone who knows the building.
Inventory
$1,385,000$1,473/sqft
1 bd · 2 ba · 940 sqft
1500 Ocean Dr #1210
Listing courtesy of Serhant, Alvaro Garcia (Lic. #3092689) · MLS #A12113352
$1,800,000$1,538/sqft
2 bd · 2 ba · 1,170 sqft
1500 OCEAN DR #707
Listing courtesy of One Sotheby's International Realty, Ines Flax (Lic. #0687724) · [email protected] · MLS #A12094244
$1,390,000$1,188/sqft
2 bd · 2 ba · 1,170 sqft
1500 Ocean Dr #507
Listing courtesy of One Sotheby's International Realty, Carolina Lara-Arashiro (Lic. #3239403) · MLS #A12018993
$1,675,000$1,432/sqft
2 bd · 2 ba · 1,170 sqft
1500 Ocean Dr #607
Listing courtesy of London Foster Realty, Irma Botier (Lic. #3267410) · MLS #A12004938
$2,300,000$1,503/sqft
2 bd · 2 ba · 1,530 sqft
1500 Ocean Dr #PH-05
Listing courtesy of One Sotheby's International Realty, Ines Flax (Lic. #0687724) · [email protected] · MLS #A11997096
$4,800,000$2,069/sqft
3 bd · 3.5 ba · 2,320 sqft
1500 Ocean Dr #1201
Listing courtesy of One Sotheby's International Realty, Ines Flax (Lic. #0687724) · MLS #A11935052
$2,998,000$1,723/sqft
3 bd · 3 ba · 1,740 sqft
1500 Ocean Drive #1003
Listing courtesy of One Sotheby's International Realty, Ines Flax (Lic. #0687724) · MLS #A11865493
Sold $/sqft trend
3-month rolling median of closed sales in 1500 Ocean Drive; bars are closings per month.
Location
Nearby buildings within half a mile.
Building facts
- Address
- 1500 Ocean Dr
- Year built
- 1998
- Floors
- 16
- Residences
- 113
- Developer
- Constructa
- 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
ElevatedPublic records checked Oct 30, 2026: no liens, lawsuits or regulatory complaints found for the association.
Verified records
- InfoAssociation collections activityOct 10, 2025
1 claim of lien and 0 lien foreclosures filed by the association against owners behind on dues — about 0.9% of 113 units, from the Miami-Dade Clerk's official records. A few is normal churn; a large share of units strains the budget and can affect lender approval.
Source: Miami-Dade Clerk official records
- 40/50-year recertification is mentioned on active listings
- Listings note no special assessment currently
- 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.
Financeability
What the banks say about 1500 Ocean Drive: recorded purchase mortgages, the down payments they accepted, and the programmes in use.
- Mortgages recorded, 12 months
- 0
- 0 from banks and credit unions · purchases and refinances
- Sales bank-financed
- 0%
- 5 recorded sales, 12 months · Resales only
- Average down payment
- —
- Lowest down payment accepted
- —
Low confidence — few loans · As of 2026-10-31
Source: Miami-Dade County official records and the FHA/VA approval lists. Aggregates only; individual instruments are never shown. Compare with South Beach
Flooding and storm surge
Public flood data at this building’s location, read Oct 22, 2026.
- FEMA flood zone
- Zone AE: high-risk area. FEMA maps a 1% yearly chance of flooding here.
- Base flood elevation on the map: 8.0 ft (NGVD29).
- Hurricane evacuation zone
- Zone B
- Miami-Dade storm surge planning zones run from A (called first) to E. The county decides which zones evacuate in a storm.
- Ground at the building
- 7.8 ft
- Lowest nearby street
- 6.2 ft
- Highest predicted tide, 2026
- 1.0 ft
Elevations in feet above the NAVD88 datum.
The lowest street next to this building sits 5.2 ft above this year’s highest predicted tide (Oct 27, 2026).
Estimated from public data, not a flood determination. Check the FEMA flood map and an elevation certificate for this building.
Legal & Regulatory
No material litigation foundCivil court cases involving the condominium association, classified by what they are about. Routine collections against individual owners are counted separately and do not affect the building’s standing.
- Active material lawsuits
- 0
- Owner / association disputes
- 0
- Routine collection cases
- 0
- DBPR complaints
- 0
- Open DBPR complaints
- 0
No civil cases involving the association were found on the Miami-Dade docket in the last five years.
DBPR registration PR1S023292 · Approved,Recorded. Public complaints on record with the Florida Division of Condominiums; investigations are confidential and not counted.
Court records are matched to the association by name and summarized by us; a case is a claim, not a finding. Ask the association for its litigation disclosure before buying.
Frequently asked
How much do condos at 1500 Ocean Drive cost?+
There are 7 condos for sale at 1500 Ocean Drive, from $1,385,000, with a median asking price of $1,800,000 ($1,503/sqft).
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.
Who developed 1500 Ocean Drive?+
1500 Ocean Drive was developed by Constructa.
Stay ahead
Interested in 1500 Ocean Drive?
We track every listing here, every day. Get the next one before it hits the portals — and a straight answer from someone who knows the building.
If you like 1500 Ocean Drive, compare
Portofino Tower
300 S Pointe Dr · 1996 · 45 floors
12 for salefrom $1.35M$1,715/sqft
Murano Grande
400 Alton Rd · 2003 · 40 floors
11 for salefrom $1.7M$1,751/sqft
Capri South Beach
1445 16th St · 2008 · 14 floors
5 for salefrom $1.82M$1,671/sqft
ICON South Beach
450 Alton Rd · 2005 · 42 floors
5 for salefrom $1.05M$1,526/sqft
Embed this building
Add a live Own Miami card to your site or blog — it updates automatically. See all widget options →
<iframe src="https://own.miami/embed/building/1500-ocean-drive" width="440" height="230" style="border:0;max-width:100%" loading="lazy" title="Own Miami building card"></iframe>