# 1500 Ocean Drive

As of 2026-10-30, 1500 Ocean Drive in South Beach has 7 units for sale at a median asking price of $1.8M ($1,503/sqft); 3 units sold in the last 12 months.

1500 Ocean Drive is an iconic, award-winning boutique oceanfront condominium located in the heart of the historic Art Deco District.

## Key facts

| | |
|---|---|
| Address | 1500 Ocean Dr |
| Neighborhood | South Beach |
| Year built | 1998 |
| Floors | 16 |
| Units | 113 |
| Waterfront | yes |
| Developer | Constructa |
| For sale | 7 |
| Pending | 0 |
| Median asking price | $1,800,000 |
| Median asking $/sqft | $1,503/sqft |
| Sold, last 12 months | 3 |
| Median sold $/sqft, 12 months | $1,373/sqft |
| Months of inventory | 28.0 |
| Median HOA | $2,124/mo |
| Parking | The building offers valet parking and some units include designated parking spaces. |

## Own Miami measures

- **own.miami Building Score: 66 (B+)**
  - Value: 28 — $1,503/sqft — vs. South Beach condos, then all of Miami
  - Momentum: 98 — +41.5% $/sqft over 6 months
  - Liquidity: 37 — 21.0 months of supply · 59 days on market
  - Health: 97 — 1 verified record: 40/50-yr recertification
  - Waterfront: 90 — Waterfront building
  - Age: 50 — Built 1998 — vs. South Beach buildings
- **Own Miami Condo Index: 178** (above_market; 100 = the market-median building, 200 = twice its $/sqft; rank 86 of 698 tracked Miami condos)
- **Financeability Index: 12** (cash; 12-month window, 0 recorded mortgages, 0% of sales bank-financed, lowest down payment —, as of 2026-10-31)
- Special-assessment outlook: elevated (next structural milestone inspection due 2033)

## Building health (verified public records)

- Public records checked 2026-10-30: no liens, lawsuits or regulatory complaints found
- info: Association collections activity — 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. (2025-10-10)
- Legal & regulatory: 0 material cases active, 0 disputes active, 0 DBPR complaints (36 months) (2026-10-30)

## Frequently asked questions

**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.

## Related pages

- [South Beach — neighborhood guide](https://own.miami/south-beach)
- [All units for sale at 1500 Ocean Drive](https://own.miami/buildings/1500-ocean-drive/for-sale)
- [Portofino Tower](https://own.miami/buildings/portofino-tower)
- [Murano Grande](https://own.miami/buildings/murano-grande)
- [Capri South Beach](https://own.miami/buildings/capri-south-beach)
- [ICON South Beach](https://own.miami/buildings/icon-south-beach)

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Source: Own.Miami — https://own.miami · data as of 2026-10-30
Canonical page: https://own.miami/buildings/1500-ocean-drive
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