1500 Ocean Drive
1500 Ocean Drive, Miami Beach, FL 33139
ALERTS FOR 1500 OCEAN DRIVE
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Building Facts
| Developer | Constructa, Inc. |
|---|---|
| Architect | Michael Graves Architecture & Design with Robert Swedroe as associate architect |
| Year Built | 1998 |
| Units | 113 |
| Floors | 15 |
| Unit sizes | 940 – 2,320 SqFt |
About 1500 Ocean Drive
1500 Ocean Drive was finished in 1998 on the sand just above Lummus Park, designed by Michael Graves with Robert Swedroe as associate architect. Its 113 residences are mostly one to three bedrooms, 480 to 4,640 SqFt, with five ground-level townhouses and nineteen penthouse or upper-penthouse homes. Staff set up loungers and shade on the sand and attend the pool deck. Inside there is a gym with a dry sauna and steam room, a billiards lounge the building calls the Ocean Room, climate-controlled lockers and bicycles to borrow. The desk and valet are manned overnight. The building does not appear on the City of Miami Beach's list of addresses authorized for short-term rental.
For Sale
6 units · avg asking $1,449/SqFt
| Unit ⇅ | Price ⇅ | Listed ⇅ |
|---|---|---|
| 11091 bed · 940 SqFt | $1,250,000$1,330/SqFt | 10/24/2510/24/25 |
| 5072 bed · 1,170 SqFt | $1,390,000$1,188/SqFt · ▼2.5% | 5/14/265/14 |
| 9072 bed · 1,170 SqFt | $1,575,000$1,346/SqFt | 12/1/2512/1/25 |
| 6072 bed · 1,170 SqFt | $1,675,000$1,432/SqFt | 4/21/264/21 |
| PH 052 bed · 1,530 SqFt | $2,300,000$1,503/SqFt | 4/8/264/8 |
| 10033 bed · 1,740 SqFt | $2,998,000$1,723/SqFt | 8/26/258/26/25 |
Pending Sales
Under contract, awaiting closing. The freshest signal of where prices are settling. In the MLS: For sale is Active or Active with Contract; these are Pending. The price shown is the asking price. The closed price appears in Sold when it records.
| Unit ⇅ | Price ⇅ | Pending ⇅ |
|---|---|---|
| 12013 bed · 2,320 SqFt | $4,800,000$2,069/SqFt | 6/29/266/29 |
1 residence under contract
Sold · Last 12 Months
4 closed sales · avg $1,291/SqFt · avg 90% of last asking price
| Unit ⇅ | Sold Price ⇅ | % of Ask ⇅ | Closed ⇅ |
|---|---|---|---|
| 9042 bed · 1,740 SqFt | $2,750,000list $3,000,000 | 92% | 5/26/265/26 |
| 7052 bed · 1,530 SqFt | $1,512,000list $1,600,000 | 95% | 4/20/264/20 |
| UPH 52 bed · 1,530 SqFt | $2,100,000list $2,500,000 | 84% | 3/16/263/16 |
| 9101 bed · 940 SqFt | $1,050,000list $1,150,000 | 91% | 10/31/2510/31/25 |
% of ask compares the closed price to the final list price. The building's full sold history, 82 sales, lives on the archive view.
Lines and Floorplans
A line is a stack of identical residences, the same plan and views, one above another. Each line’s last sale is the cleanest comp a buyer can get.
| Line ⇅ | Beds ⇅ | SqFt ⇅ | Plan |
|---|---|---|---|
| 01 | 3 / 3½ | 2,320 | — |
| 02 | 3 / 3½ | 2,320 | — |
| 03 | 3 / 3 | 1,740 | — |
| 04 | 3 / 3 | 1,740 | — |
| 05 | 2 / 2½ | 1,530 | — |
| 06 | 2 / 2½ | 1,530 | — |
| 07 | 2 / 2 | 1,170 | — |
| 08 | 2 / 2 | 1,170 | — |
| 09 | 1 / 2 | 940 | — |
| 10 | 1 / 2 | 940 | — |
Each line’s last sale joins this table when the unit-to-plan mapping loads; a “—” line is a plan whose floor placement awaits confirmation.
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Location
1500 Ocean Drive · Ocean Drive
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