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 · All 82 Recorded Sales
82 closed sales
| 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 |
| 12101 bed · 940 SqFt | $825,000list $880,000 | 94% | 11/1/2411/1/24 |
| 4101 bed · 940 SqFt | $550,000list $599,000 | 92% | 10/3/2410/3/24 |
| 8091 bed · 940 SqFt | $770,000list $800,000 | 96% | 8/29/248/29/24 |
| 11072 bed · 1,170 SqFt | $1,835,000list $1,900,000 | 97% | 6/7/236/7/23 |
| 6072 bed · 1,170 SqFt | $1,245,000list $1,350,000 | 92% | 4/14/234/14/23 |
| UPH 101 bed · 940 SqFt | $799,000list $875,000 | 91% | 10/12/2210/12/22 |
| 12013 bed · 2,320 SqFt | $3,500,000list $3,800,000 | 92% | 9/16/229/16/22 |
| 11091 bed · 940 SqFt | $742,000list $699,999 | 106% | 6/2/226/2/22 |
| 10052 bed · 1,530 SqFt | $1,660,000list $1,690,000 | 98% | 6/1/226/1/22 |
| 12072 bed · 1,170 SqFt | $1,255,000list $1,295,000 | 97% | 5/20/225/20/22 |
| 8082 bed · 1,170 SqFt | $1,375,000list $1,500,000 | 92% | 5/16/225/16/22 |
| 11062 bed · 1,530 SqFt | $1,800,000list $2,000,000 | 90% | 4/5/224/5/22 |
| 8043 bed · 1,740 SqFt | $1,850,000list $1,900,000 | 97% | 2/28/222/28/22 |
| 10032 bed · 1,740 SqFt | $1,600,000list $1,750,000 | 91% | 2/24/222/24/22 |
| 11072 bed · 1,170 SqFt | $1,125,000list $1,295,000 | 87% | 1/12/221/12/22 |
| UPH 52 bed · 1,530 SqFt | $1,664,500list $1,875,000 | 89% | 10/4/2110/4/21 |
| PH 013 bed · 2,320 SqFt | $2,925,000list $2,995,000 | 98% | 9/1/219/1/21 |
| 10013 bed · 2,320 SqFt | $3,850,000list $4,000,000 | 96% | 9/1/219/1/21 |
| T83 bed · 3,699 SqFt | $4,450,000list $4,900,000 | 91% | 6/18/216/18/21 |
| T15 bed · 8,400 SqFt | $14,900,000list $14,900,000 | 100% | 3/1/213/1/21 |
| 9042 bed · 1,740 SqFt | $1,600,000list $1,950,000 | 82% | 3/1/213/1/21 |
| 11052 bed · 1,530 SqFt | $1,350,000list $1,475,000 | 92% | 1/21/211/21/21 |
| 10052 bed · 1,530 SqFt | $1,390,000list $1,500,000 | 93% | 12/22/2012/22/20 |
| UPH 24 bed · 4,630 SqFt | $5,082,500list $5,950,000 | 85% | 4/9/204/9/20 |
| PH 091 bed · 940 SqFt | $785,000list $850,000 | 92% | 3/27/203/27/20 |
| 9013 bed · 2,320 SqFt | $2,600,000list $2,900,000 | 90% | 10/15/1910/15/19 |
| 12023 bed · 2,320 SqFt | $2,800,000list $2,900,000 | 97% | 8/15/198/15/19 |
| PH 082 bed · 1,170 SqFt | $1,300,000list $1,400,000 | 93% | 8/9/198/9/19 |
| 12033 bed · 1,740 SqFt | $1,725,000list $1,750,000 | 99% | 4/12/194/12/19 |
| 11013 bed · 2,320 SqFt | $2,700,000list $2,850,000 | 95% | 4/11/194/11/19 |
| 4013 bed · 2,320 SqFt | $2,950,000list $3,150,000 | 94% | 1/4/191/4/19 |
| 4072 bed · 1,170 SqFt | $1,044,000list $1,200,000 | 87% | 6/6/186/6/18 |
| 10013 bed · 2,320 SqFt | $3,000,000list $3,900,000 | 77% | 3/1/183/1/18 |
| 12101 bed · 940 SqFt | $735,000list $875,000 | 84% | 11/15/1611/15/16 |
| 801/25 bed · 4,640 SqFt | $6,250,000list $6,495,000 | 96% | 9/6/169/6/16 |
| 9072 bed · 1,170 SqFt | $1,412,500list $1,500,000 | 94% | 4/18/164/18/16 |
| PH 072 bed · 1,170 SqFt | $1,500,000list $1,575,000 | 95% | 12/3/1512/3/15 |
| 10072 bed · 1,170 SqFt | $1,440,000list $1,475,000 | 98% | 11/16/1511/16/15 |
| 9082 bed · 1,170 SqFt | $1,640,000list $1,675,000 | 98% | 9/16/159/16/15 |
| 7032 bed · 1,740 SqFt | $1,700,000list $1,700,000 | 100% | 7/3/157/3/15 |
| PH 052 bed · 1,530 SqFt | $1,800,000list $1,849,000 | 97% | 6/26/156/26/15 |
| PH 042 bed · 1,740 SqFt | $2,000,000list $2,250,000 | 89% | 2/13/152/13/15 |
| 6101 bed · 940 SqFt | $790,000list $799,000 | 99% | 1/14/151/14/15 |
| 9082 bed · 1,170 SqFt | $1,450,000list $1,545,000 | 94% | 9/10/149/10/14 |
| 12013 bed · 2,320 SqFt | $3,800,000list $4,000,000 | 95% | 7/30/147/30/14 |
| 11091 bed · 940 SqFt | $765,000list $795,000 | 96% | 12/20/1312/20/13 |
| 12072 bed · 1,170 SqFt | $1,137,500list $1,390,000 | 82% | 11/26/1311/26/13 |
| UPH 91 bed · 940 SqFt | $790,000list $825,000 | 96% | 11/22/1311/22/13 |
| 9072 bed · 1,170 SqFt | $1,325,000list $1,390,000 | 95% | 11/20/1311/20/13 |
| 11062 bed · 1,530 SqFt | $1,650,000list $1,750,000 | 94% | 11/1/1311/1/13 |
| 4101 bed · 940 SqFt | $625,000list $639,000 | 98% | 10/4/1310/4/13 |
| 9082 bed · 1,170 SqFt | $1,217,500list $1,495,000 | 81% | 9/5/139/5/13 |
| 7013 bed · 2,320 SqFt | $3,050,000list $3,250,000 | 94% | 8/2/138/2/13 |
| 5091 bed · 940 SqFt | $645,000list $669,000 | 96% | 7/26/137/26/13 |
| PH 091 bed · 940 SqFt | $760,000list $795,000 | 96% | 7/15/137/15/13 |
| 5072 bed · 1,170 SqFt | $1,075,000list $1,100,000 | 98% | 7/10/137/10/13 |
| 8091 bed · 940 SqFt | $675,000list $690,000 | 98% | 6/24/136/24/13 |
| 12033 bed · 1,740 SqFt | $1,600,000list $1,645,000 | 97% | 5/20/135/20/13 |
| 6042 bed · 1,740 SqFt | $1,595,000list $1,675,000 | 95% | 4/18/134/18/13 |
| PH 101 bed · 940 SqFt | $746,500list $789,000 | 95% | 4/15/134/15/13 |
| UPH 82 bed · 1,170 SqFt | $1,320,000list $1,375,000 | 96% | 4/9/134/9/13 |
| 10082 bed · 1,170 SqFt | $1,212,500list $1,350,000 | 90% | 2/28/132/28/13 |
| 11023 bed · 2,320 SqFt | $2,750,000list $2,895,000 | 95% | 2/25/132/25/13 |
| 12013 bed · 2,320 SqFt | $2,850,000list $3,195,000 | 89% | 2/8/132/8/13 |
| 7042 bed · 1,740 SqFt | $1,525,000list $1,625,000 | 94% | 12/18/1212/18/12 |
| 9082 bed · 1,170 SqFt | $1,146,000list $1,300,000 | 88% | 12/11/1212/11/12 |
| 5023 bed · 2,320 SqFt | $2,500,000list $2,695,000 | 93% | 9/19/129/19/12 |
| 5091 bed · 940 SqFt | $575,000list $599,000 | 96% | 9/12/129/12/12 |
| UPH 72 bed · 1,170 SqFt | $1,300,000list $1,399,000 | 93% | 8/31/128/31/12 |
| 8042 bed · 1,740 SqFt | $1,450,000list $1,600,000 | 91% | 8/30/128/30/12 |
| 11062 bed · 1,530 SqFt | $1,150,000list $1,565,000 | 73% | 8/3/128/3/12 |
| 11091 bed · 940 SqFt | $650,000list $695,000 | 94% | 7/16/127/16/12 |
| 11101 bed · 940 SqFt | $585,000list $650,000 | 90% | 6/20/126/20/12 |
| 4091 bed · 940 SqFt | $580,000list $599,000 | 97% | 5/29/125/29/12 |
| 12091 bed · 940 SqFt | $650,000list $695,000 | 94% | 4/23/124/23/12 |
| 9052 bed · 1,530 SqFt | $1,275,000list $1,495,000 | 85% | 4/10/124/10/12 |
| 10052 bed · 1,530 SqFt | $1,250,000list $1,385,000 | 90% | 4/5/124/5/12 |
| 6033 bed · 1,740 SqFt | $1,450,000list $1,535,000 | 94% | 1/3/121/3/12 |
% of ask compares the closed price to the final list price.
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
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