Miami Beach

33139

Flamingo - Lummus

1500 Ocean Dr #1005

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$2,400,000

↓ $200K (7.7%)

● Condo - For Sale

1500 Ocean Dr #1005

Miami Beach, FL 33139

2 Beds

3 Baths, 1 Half Bath

1530 Sqft

$13,823

Estimated Monthly

HOA / Fees

1.43%

Cap Rate

About This Property

An original Michael Graves residence with a brand-new open kitchen concept and top-of-the-line stainless steel appliances, Roche Bobois furniture, marble bathrooms and floors throughout and magnificent ocean views. Best location with the highest walkability factor. Instant smile as you enter this magnificent designer apartment, long foyer entrance, best floor plan, split bedrooms, two walk-in closets and a large covered terrace. The Award Winner Michael Graves Condo offers full luxury amenities including a private beach with your own chaise lounges, beach cabanas, towels, water service and staff. Other amenities include a state-of-the-art gym, steam bath, sauna, massage room, mother-of-pearl lap pool, jacuzzi, two barbecues, pool table, card tables, storage bin, communal bikes and more.

Unit Size

1,530Ft²

Days on Market

166 days

Land Size

Price per sqft

$1,569

Property Type

Condo

Property Taxes

$2,038

HOA Dues

Year Built

Listed By

Ines Flax

[email protected]

One Sotheby's International Realty

Last updated: 2 months ago (Miami MLS #A11485999)

Price History

Date / Event	Date	Event
Jan 7, 2024	Price Decreased	$2,400,000 ↓ $200K (7.7%)
Price Decreased
Nov 13, 2023	Listed by One Sotheby's International Re	$2,600,000
Listed by One Sotheby's International Re
Jun 23, 2022	No longer available	-
No longer available
May 14, 2022	Relisted	$1,690,000
Relisted
Apr 20, 2022	In contract	-
In contract
Apr 10, 2022	Price Decreased	$1,690,000 ↓ $5K (0.3%)
Price Decreased
Mar 24, 2022	Price Decreased	$1,695,000 ↓ $30K (1.7%)
Price Decreased
Mar 14, 2022	Listed by Sunstone Brokers	$1,725,000
Listed by Sunstone Brokers

	Perfect 2bd/2.5bath residence at 1500 Ocean Drive - Michael Graves full service landmark oceanfront condo in South Beach! Only 1,530sqft line available in the building. Limited inventory in this Luxury boutique building. Be the neighbor of Mark Cuban and other celebrities...Split floor plan with 2 en suite master bedroom with ocean views and access to the terrace from every room. Marble floors flow-through to the 220sqft deep covered terrace. Formal entry foyer with powder room, custom… Sunstone Brokers
Mar 13, 2022	No longer available	-
No longer available
Feb 2, 2022	Relisted	$1,690,000
Relisted
Jan 28, 2022	No longer available	-
No longer available
Dec 19, 2021	Price Increased	$1,690,000 ↑ $60K (3.7%)
Price Increased
Dec 11, 2021	Price Decreased	$1,630,000 ↓ $120K (6.9%)
Price Decreased
Nov 18, 2021	Listed by One Sotheby's International Realty	$1,750,000
Listed by One Sotheby's International Realty

	Best location directly on the ocean, in the heart of the Art Deco Historical District, walk everywhere. World famous Michael Graves designed this spacious 2 BR/2.5 BA with magnificent ocean views, marble floors, custom lighting, electric blinds, all new kitchen appliances & gorgeous new stone countertop, new washer & dryer. Luxury amenities include lounge & towel services at your own private beach area, state of the art gym with peloton bike, brand new Mother of Pearl pool… One Sotheby's International Realty
Dec 29, 2020	No longer available	-
No longer available
Nov 16, 2020	Listed by One Sotheby's International Realty	$1,500,000
Listed by One Sotheby's International Realty

	Best location, directly on the beach in a prime location! Walk everywhere! Very spacious 2 BR/2.5 bath condo with beautiful ocean & beach views! New kitchen appliances, stunning new stone countertop, huge master bath with enclosed glass shower & jacuzzi tub! Great amenities include a free coffee/tea bar, yoga classes in season, business center, library, storage, bike room with a/c, private garden with outdoor kitchen & BBQ! Private beach with complimentary lounge & towel… One Sotheby's International Realty
Jul 11, 2019	No longer available	-
No longer available
Jan 8, 2019	Listed by One Sotheby's International Realty	$1,500,000
Listed by One Sotheby's International Realty

	Oceanfront & centrally located, walk everywhere in fabulous south beach. The Michael Graves landmark where the ocean is your back yard and ocean drive is at your front steps. Residence was beautifully designed and customized by Michael Graves from extensive lighting to custom doors and ceilings to MG furniture. Marble floors & bathrooms, electric double blinds and ocean views from every room. Your buyer will love this beauty, elegance and comfort! Full luxury amenities delivered… One Sotheby's International Realty

Property Highlights

Parking Available

Garage

Elevator

Doorman

Air Conditioning

Parking Details

Has Garage

Attached Garage

Parking Features: 1 Space, Assigned, Covered, Limited # Of Vehicle, No Rv/Boats, No Trucks/Trailers

Garage Spaces: 1

Covered Parking Spaces: 1

Interior Details

Bathroom Information

Half Bathrooms: 1

Full Bathrooms: 2

Master Bathroom Features: Bidet, Dual Sinks, Separate Tub & Shower, Whirlpool/Spa

Bedroom Information

Bedrooms: 2

Bedroom Features: Primary Bath Tub, Primary Bedroom Ground Level, Sitting Area - Primary Bedroom

Interior Information

Interior Features: Interior Hall, Lobby, Built-in Features, Custom Mirrors, Fire Sprinklers, Entrance Foyer, Pantry, Split Bedroom, Walk-In Closet(s), Storage

Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Self Cleaning Oven, Wall Oven, Washer

Flooring Type: Marble

Door Features: High Impact Doors

Room Information

Dining Room Features: Eat-In Kitchen, Family/Dining Combination

Living Room Features: Storage Room

Exterior Details

Property Information

Has Property Attached

Square Footage: 1530

Security Features: Fire Sprinklers, Fire Alarm, Smoke Detector, Secured Garage/Parking, Lobby Secured, TV Camera

Year Built: 1998

Waterfront Features: Ocean Front

Building Information

Building Name: The Michael Graves

Builder Model: Model C

Building Area Total: 1530

Building Area Units: Square Feet

Building Area Total: 1530

Window Features: Clear Impact Glass, Complete Impact Glass, Blinds

Construction Materials: CBS Construction

Patio and Porch Features: Open Balcony

Lot Information

Lot Size Units: Square Feet

Financial Details

Tax Legal Description: 1500 OCEAN DRIVE CONDO UNIT 1005 UNDIV 0.8296% INT IN COMMON ELEMENTS OFF REC 18368-1130 OR 18644-1637 0699 1

Tax Annual Amount: $24,459

Tax Year: 2022

Parcel Number: 02-32-34-118-0500

Utilities Details

Cooling Type: Central Air, Electric

Heating Type: Central, Electric

Location Details

HOA/Condo/Coop Amenities: Barbecue, Bike Storage, Bike/Jog Path, Billiard Room, Business Center, Cabana, Exercise Room, Storage, Heated Pool, Kitchen Facilities, Private Beach Pavilion, Sauna, Spa/Hot Tub

HOA Fee Frequency: Monthly

Comparables

1455 Ocean Drive #810

Sold

Condo

2 Beds

3 Baths

1,450 ft²

$1,448/ft²

$2,100,000 Oct 16, 2023

$2,100,000 Nov 6, 2023

$4,137/mo

10 Venetian Way #1204

Sold

Condo

2 Beds

2 Baths

1,477 ft²

$1,554/ft²

$2,295,000 Sep 11, 2023

$2,295,000 Nov 2, 2023

$3,404/mo

1445 16th Street #603

Sold

Condo

2 Beds

4 Baths

1,919 ft²

$1,146/ft²

$2,200,000 Jul 14, 2022

$2,200,000 Oct 2, 2023

$4,341/mo

102 24th Street #1202

Sold

Condo

1 Bed

1 Bath

1,036 ft²

$2,000/ft²

$2,072,000 Nov 15, 2022

$2,072,000 Oct 2, 2023

$3,446/mo

1445 16th Street #604

Sold

Condo

3 Beds

4 Baths

2,179 ft²

$1,015/ft²

$2,212,500 Sep 6, 2023

$2,212,500 Oct 17, 2023

$5,745/mo

233 1st Street

Sold

Other

Loft

2,860 ft²

$874/ft²

$2,500,000 Aug 1, 2023

$2,500,000 Oct 19, 2023

$2,861/mo

2301 Collins Avenue #814815

Active

Condo

2 Beds

3 Baths

1,640 ft²

$1,463/ft²

$2,400,000 Sep 6, 2021

$3,752/mo

2001 Meridian Avenue #PH05

Active

Condo

2 Beds

3 Baths

1,450 ft²

$1,724/ft²

$2,500,000 Oct 3, 2023

$1,196/mo

101 20th Street #2404

Active

Condo

2 Beds

2 Baths

1,237 ft²

$2,385/ft²

$2,950,000 Mar 16, 2023

$3,128/mo

101 20th Street #3004

In Contract

Condo

2 Beds

2 Baths

1,237 ft²

$2,385/ft²

$2,950,000 Sep 13, 2023

$6,679/mo

2001 Meridian Avenue #505

Active

Condo

2 Beds

3 Baths

1,450 ft²

$1,586/ft²

$2,300,000 Sep 20, 2023

$1,190/mo

2301 Collins Avenue #1226

Active

Condo

2 Beds

2 Baths

1,180 ft²

$2,017/ft²

$2,380,000 Nov 29, 2022

$2,503/mo

Past Sales

Date	Unit	Beds	Baths	Sqft	Price	Closed	Owner	Listed By
20230613 Unit 509 06/13/2023	509	1 Bed	2 Bath	940 ft²	$850,000 1 Bed 2 Bath 940 ft²	- -	-	Lorraine Silva Compass Florida, LLC
20230405 Unit 410 04/05/2023	410	1 Bed	1.5 Bath	940 ft²	$700,000 1 Bed 1.5 Bath 940 ft²	- -	-	Melanie Hyer Keller Williams - Miami Beach
20230118 Unit 1107 01/18/2023	1107	2 Bed	2 Bath	1170 ft²	$1,900,000 2 Bed 2 Bath 1170 ft²	- -	-	Ines Flax One Sotheby's International Realty
20220805 Unit UPH10 08/05/2022	UPH10	1 Bed	2 Bath	940 ft²	$875,000 1 Bed 2 Bath 940 ft²	- -	-	Ines Flax One Sotheby's International Realty
20221102 Unit 607 11/02/2022	607	2 Bed	2 Bath	1170 ft²	$1,500,000 2 Bed 2 Bath 1170 ft²	- -	-	Zaida Navarrete Dudash Douglas Elliman
20220503 Unit 1201 05/03/2022	1201	3 Bed	4 Bath	2320 ft²	$4,000,000 3 Bed 4 Bath 2320 ft²	- -	-	Ines Flax One Sotheby's International Realty
20220328 Unit 1010 03/28/2022	1010	1 Bed	2 Bath	940 ft²	$865,000 1 Bed 2 Bath 940 ft²	- -	-	Ines Flax One Sotheby's International Realty
20211118 Unit 1005 11/18/2021	1005	2 Bed	3 Bath	1530 ft²	$1,750,000 2 Bed 3 Bath 1530 ft²	- -	-	Ines Flax One Sotheby's International Realty
20220308 Unit 1207 03/08/2022	1207	2 Bed	2 Bath	1170 ft²	$1,295,000 2 Bed 2 Bath 1170 ft²	- -	-	Ines Flax One Sotheby's International Realty
20220102 Unit 1106 01/02/2022	1106	2 Bed	3 Bath	1530 ft²	$1,850,000 2 Bed 3 Bath 1530 ft²	- -	-	Ines Flax One Sotheby's International Realty
20211213 Unit 808 12/13/2021	808	2 Bed	2 Bath	1170 ft²	$1,500,000 2 Bed 2 Bath 1170 ft²	- -	-	Ines Flax One Sotheby's International Realty
20211122 Unit 804 11/22/2021	804	3 Bed	3 Bath	1740 ft²	$1,900,000 3 Bed 3 Bath 1740 ft²	- -	-	Ines Flax One Sotheby's International Realty
20211026 Unit 1201 10/26/2021	1201	3 Bed	4 Bath	2320 ft²	$3,900,000 3 Bed 4 Bath 2320 ft²	- -	-	Ines Flax One Sotheby's International Realty
20210915 Unit 1107 09/15/2021	1107	2 Bed	2 Bath	1170 ft²	$1,295,000 2 Bed 2 Bath 1170 ft²	- -	-	Ines Flax One Sotheby's International Realty
20210815 Unit 509 08/15/2021	509	1 Bed	2 Bath	940 ft²	$725,000 1 Bed 2 Bath 940 ft²	- -	-	Ines Flax One Sotheby's International Realty
20210712 Unit 1010 07/12/2021	1010	1 Bed	2 Bath	940 ft²	$825,000 1 Bed 2 Bath 940 ft²	- -	-	Ines Flax One Sotheby's International Realty
20210625 Unit T8 06/25/2021	T8	3 Bed	4 Bath	-	$6,995,000 3 Bed 4 Bath	$4,450,000 -36.38% 06/29/2021	Djulieta Pulbere Mark Gomes	Eloy Carmenate Douglas Elliman
20210625 Unit PH01 06/25/2021	PH01	3 Bed	4 Bath	2320 ft²	$2,995,000 3 Bed 4 Bath 2320 ft²	- -	-	Jose Luis Pere Compass Florida, LLC
20210511 Unit UPH5 05/11/2021	UPH5	2 Bed	3 Bath	1751 ft²	$1,875,000 2 Bed 3 Bath 1751 ft²	$1,679,000 -10.45% 10/14/2021	Jennifer L Wade	Nelson Gonzalez PA BHHS EWM Realty
20210429 Unit 1207 04/29/2021	1207	2 Bed	2 Bath	1170 ft²	$1,295,000 2 Bed 2 Bath 1170 ft²	- -	-	Michael Duchon Douglas Elliman
20210426 Unit 1210 04/26/2021	1210	1 Bed	2 Bath	940 ft²	$850,000 1 Bed 2 Bath 940 ft²	- -	-	Ines Flax One Sotheby's International Realty
20210406 Unit 1109 04/06/2021	1109	1 Bed	2 Bath	940 ft²	$795,000 1 Bed 2 Bath 940 ft²	- -	-	David Pulley PA Douglas Elliman
20210223 Unit 1003 02/23/2021	1003	2 Bed	3 Bath	1740 ft²	$1,875,000 2 Bed 3 Bath 1740 ft²	- -	-	Ines Flax One Sotheby's International Realty
20210106 Unit 904 01/06/2021	904	2 Bed	3 Bath	1740 ft²	$1,950,000 2 Bed 3 Bath 1740 ft²	- -	-	Ines Flax One Sotheby's International Realty
20210105 Unit 1106 01/05/2021	1106	2 Bed	3 Bath	-	$2,000,000 2 Bed 3 Bath	- -	-	Ines Flax One Sotheby's International Realty
20201116 Unit 1005 11/16/2020	1005	2 Bed	3 Bath	1530 ft²	$1,500,000 2 Bed 3 Bath 1530 ft²	- -	-	Ines Flax One Sotheby's International Realty
20201022 Unit 509 10/22/2020	509	1 Bed	2 Bath	940 ft²	$775,000 1 Bed 2 Bath 940 ft²	- -	-	Ines Flax One Sotheby's International Realty
20200920 Unit 1101 09/20/2020	1101	3 Bed	4 Bath	2320 ft²	$3,330,000 3 Bed 4 Bath 2320 ft²	- -	-	David Pulley PA Douglas Elliman
20200529 Unit UPH10 05/29/2020	UPH10	1 Bed	2 Bath	940 ft²	$925,000 1 Bed 2 Bath 940 ft²	- -	-	David Pulley PA Douglas Elliman
20200506 Unit 1105 05/06/2020	1105	2 Bed	3 Bath	1530 ft²	$1,500,000 2 Bed 3 Bath 1530 ft²	- -	-	Ines Flax One Sotheby's International Realty
20200422 Unit 1208 04/22/2020	1208	2 Bed	2 Bath	1170 ft²	$1,600,000 2 Bed 2 Bath 1170 ft²	- -	-	Ines Flax One Sotheby's International Realty
20200216 Unit 1201 02/16/2020	1201	3 Bed	4 Bath	2320 ft²	$3,500,000 3 Bed 4 Bath 2320 ft²	- -	-	Ines Flax One Sotheby's International Realty
20191101 Unit 601 11/01/2019	601	3 Bed	4 Bath	2866 ft²	$2,750,000 3 Bed 4 Bath 2866 ft²	- -	-	Ines Flax One Sotheby's International Realty
20190614 Unit 1010 06/14/2019	1010	1 Bed	2 Bath	1100 ft²	$850,000 1 Bed 2 Bath 1100 ft²	- -	-	Ines Flax One Sotheby's International Realty
20190829 Unit PH09 08/29/2019	PH09	1 Bed	2 Bath	1031 ft²	$890,000 1 Bed 2 Bath 1031 ft²	- -	-	Ines Flax One Sotheby's International Realty
20190424 Unit 904 04/24/2019	904	2 Bed	3 Bath	1961 ft²	$2,200,000 2 Bed 3 Bath 1961 ft²	- -	-	Ines Flax One Sotheby's International Realty
20190108 Unit 1005 01/08/2019	1005	2 Bed	3 Bath	1740 ft²	$1,500,000 2 Bed 3 Bath 1740 ft²	- -	-	Ines Flax One Sotheby's International Realty
20190104 Unit 509 01/04/2019	509	1 Bed	2 Bath	940 ft²	$790,000 1 Bed 2 Bath 940 ft²	- -	-	Ines Flax One Sotheby's International Realty
20181126 Unit 901 11/26/2018	901	3 Bed	4 Bath	2866 ft²	$3,000,000 3 Bed 4 Bath 2866 ft²	- -	-	Ines Flax One Sotheby's International Realty
20181121 Unit 1101 11/21/2018	1101	3 Bed	4 Bath	2320 ft²	$2,850,000 3 Bed 4 Bath 2320 ft²	$2,700,000 -5.26% 04/17/2019	Robert P Elefante Tatyana Elefante	Michael Toomey Keller Williams Miami Beach Realty
20181115 Unit UPH2 11/15/2018	UPH2	4 Bed	6 Bath	4630 ft²	$7,870,000 4 Bed 6 Bath 4630 ft²	- -	-	Jose Luis Pere Compass Florida, LLC
20180619 Unit 1009 06/19/2018	1009	1 Bed	2 Bath	940 ft²	- 1 Bed 2 Bath 940 ft²	- -	-	-
20180619 Unit 1203 06/19/2018	1203	3 Bed	3 Bath	1740 ft²	- 3 Bed 3 Bath 1740 ft²	- -	-	-
20180528 Unit 1202 05/28/2018	1202	3 Bed	4 Bath	2320 ft²	- 3 Bed 4 Bath 2320 ft²	- -	-	Yolande Citro Keller Williams Elite Properties
20180103 Unit 1106 01/03/2018	1106	2 Bed	3 Bath	1730 ft²	$2,000,000 2 Bed 3 Bath 1730 ft²	- -	-	Ines Flax One Sotheby's International Realty
20170730 07/30/2017		1 Bed	2 Bath	940 ft²	- 1 Bed 2 Bath 940 ft²	- -	-	-
20160509 Unit 1207 05/09/2016	1207	2 Bed	2 Bath	1170 ft²	$1,495,000 2 Bed 2 Bath 1170 ft²	- -	-	Eloy Carmenate The Corcoran Group
20160310 Unit 401 03/10/2016	401	3 Bed	4 Bath	2320 ft²	- 3 Bed 4 Bath 2320 ft²	- -	-	David Pulley PA Douglas Elliman
20150801 Unit T1 08/01/2015	T1	5 Bed	8 Bath	8400 ft²	- 5 Bed 8 Bath 8400 ft²	- -	-	Eloy Carmenate The Corcoran Group
20150731 Unit T8 07/31/2015	T8	3 Bed	4 Bath	3699 ft²	- 3 Bed 4 Bath 3699 ft²	- -	-	Eloy Carmenate The Corcoran Group

Building Info

1500 Ocean Drive 1500 Ocean Drive, Miami Beach, FL 33139

3 Units for Sale

More about this Building

Want to find out who owns 1500 Ocean Drive, Miami Beach, FL 33139? Get detailed property transactions here .

About Flamingo - Lummus

Stats & Trends

Median Asking:

$299,000

Sale Price/ft²

$525

Above Asking

1.95%

Average Days on Market

Average Home Size

720 ft²

Average Home Age

65.6 years

Currently For Sale

280 Listings

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Listed by: Ines Flax
One Sotheby's International Re
Last Updated: 2 months ago
Data Source: Miami MLS, MLS# A11485999

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc.