1500 Ocean Drive

1500 Ocean Drive is a condo located in Flamingo - Lummus, Miami Beach. Thankfully, the building is equipped with elevator service.

Interested in learning more about the building? There are many great amenities and features for residents in the building. Both dogs and cats are allowed in the building! There are 19 closings on record, of which we have matching data for 3 listings. In the past 3 years, a listing in this building will typically remain on the market for about 147 days and tend to sell below the original asking price of $2,850,000 by 10.45%. Meaning, listings tend to sell at a median of $1,150 price per square foot. The transaction that took the longest to complete was unit UPH5, listed on May 11, 2021 for $1,875,000. This particular unit ultimately sold 156 days later for $1,679,000. The most recent transaction was for unit UPH5, which was first advertised on May 11, 2021, sold for $1,679,000 on Oct 14, 2021. Fun fact, the oldest transaction we have on record took place on Dec 28, 1998. See the full transaction history for 1500 Ocean Drive below.

Flamingo - Lummus, where 1500 Ocean Drive is located, has a median asking price of $295,000 for condo buildings. Meanwhile, the building itself has a median asking price of $2,850,000. For interested buyers, that means the building's median asking price is around 13.25% above the neighborhood's median asking price for condos. A buyer may therefore end up paying more for a unit in this building compared to other condo buildings in the neighborhood.

There are currently 9 active listings for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. Currently, the most expensive asking price for all of the active units in the building is $3,000,000. It is a 1,740 sqft 2 bedroom and 3 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $699,000. It is a 940 sqft 1 bedroom and 2 bathroom unit. A breakdown of active listings shows no studio, 5 one-bedroom, 4 two-bedroom, no three-bedroom, and no four-bedroom plus units for sale! The median price of all the active units for sale in the building is $1,500,000. Collectively, the median square footage of these active units for sale is 940 sqft. Active units for sale at 1500 Ocean Drive have a median count of 1 bedrooms and have a median count of 2 bathrooms.