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1500 Ocean Dr 1201Miami Beach, FL 33139

For Sale

$4,800,000

Smart Buyer Rebate $48,000

Direct Ocean 3 Bed / 3.5 Bath corner residence at the award winner Michael Graves Condo. Come make each day a beach day at this spacious and exquisite residence featuring floor-to-ceiling impact windows, an open kitchen with high-end appliances, and two terraces with stunning ocean and coastline views. A boutique oceanfront GEM offering 5-star amenities including private beach service with attendant and water/towel service, heated pool, fitness center, branded community bikes, fitness program and social events for the residents, 24-hour front desk and complimentary valet. Located on Ocean Drive and at the center of the Art Deco Historical District near Espanola Way and Lincoln Road. WALK EVERYWHERE. Highest walkability factor in a premier oceanfront location...the iconic Michael Graves.

Listed by Ines Flax

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License #0687724

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One Sotheby's International Realty

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786-218-7600

Last updated April 08, 2026

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Source: MIAMIRE #A11935052

Listing Facts

  • TypeCondo
  • NeighborhoodMiami Beach City Center
  • Bedrooms3
  • Bathrooms4
  • Days on Prevu138
  • Taxes$51,250/year
  • Size2,320 sqft
  • Price per sqft$2,069

Amenities

  • Dishwasher
  • Washer/Dryer
  • Pets Allowed
  • Air Conditioning
  • Parking

Location

Mortgage Calculator

Listing History

03/29/2026
Price Decreased
$4,800,000
01/07/2026
Status changed to Active
$5,000,000
01/06/2026
Status changed to In Contract
$5,000,000
12/15/2025
Listed by One Sotheby's International Realty
$5,000,000

Property Details for 1500 Ocean Dr 1201

Association

Amenities

  • Association Amenities: Exercise Room, Kitchen Facilities, Sauna, Spa/Hot Tub
  • Pets Allowed: Dogs OK

Fees

  • Association Fee Includes: All Amenities, Cable Tv, Sewer, Trash Removal, Water

General

  • Number Of Units In Community: 113

Exterior

Construction

  • Number Of Units Total: 113
  • Property Attached: Yes
  • Stories Total: 15
  • Structure Type: Condo 5+ Stories, Condo
  • Window Features: Drapes, High Impact Windows
  • Year Built: 1998
  • Year Built Details: Resale
  • Architectural Style: Corner Unit
  • Building Name: 1500 OCEAN DRIVE CONDO
  • Construction Materials: CBS Construction
  • Entry Level: 2
  • Exterior Features: Barbeque

Features

  • Direction Faces: East
  • View: Direct Ocean
  • Waterfront Features: Ocean Front
  • Waterfront: Yes

Measurements

  • Building Area Units: Square Feet
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 02-32-34-118-0090
  • Tax Annual Amount: $51,250.00
  • Tax Year: 2025

Interior

Features

  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator
  • Flooring: Ceramic Floor
  • Interior Features: Built-in Features, Walk-In Closet(s), Den/Library/Office

Measurements

  • Living Area: 2,320
  • Living Area Units: Square Feet

Rooms

  • Bathrooms Full: 3
  • Bathrooms Half: 1
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 3

Other

Location

  • Subdivision Name: 1500 OCEAN DRIVE CONDO

Parking

Parking

  • Attached Garage: Yes
  • Covered Spaces: 2
  • Garage Spaces: 2
  • Garage: Yes
  • Parking Features: 2 Or More Spaces

Schools

High School

  • High School: Miami Beach

Middle or Junior School

  • Middle Or Junior School: Nautilus

Utilities

Equipment

  • Cooling: Central Air, Electric
  • Has Cooling: Yes
  • Heating: Electric, Gas
  • Has Heating: Yes
  • Other Equipment: Automatic Garage Door Opener, Elevator

Frequently Asked Questions

How many bedrooms and bathrooms does this condo have?

There are 3 bedrooms and 4 bathrooms in this condo at 1500 Ocean Dr 1201.

What schools are nearby to 1500 Ocean Dr 1201?

Nearby schools include the Nautilus Middle School and Miami Beach High School.

Does this condo have parking?

Yes, there are 2 parking spaces available for 1500 Ocean Dr 1201.

Are pets allowed at 1500 Ocean Dr?

Yes, 1500 Ocean Dr allows pets. Check the Property Details for any relevant restrictions.

What are the annual taxes for 1500 Ocean Dr 1201?

Annual taxes for this condo are estimated at $51,250.

How does 1500 Ocean Dr 1201 compare to other condos in Miami Beach City Center?

This condo is listed 121% above the average price for condos in Miami Beach City Center and has been on the market for 23 less days than the typical home in this area.

What building or home owners association is the condo part of?

This condo is in the 1500 OCEAN DRIVE CONDO building.

What is the square footage on this condo?

According to the MLS, this listing is 2,320 sqft.

1500 Ocean Dr 1201 is a 3-bedroom, 4-bath condo for sale in Miami Beach FL 33139. Listed on Prevu for 138 days at $4,800,000. This includes a recent price decrease of $200,000. This home features 2,320 square feet of living space, located in Miami Beach City Center. The median listing price for condos in this area is $975,000. Nearby schools include Nautilus Middle School and Miami Beach High School. The home offers dishwasher, pets allowed, air conditioning, parking, and washer/dryer. Explore more condo listings in Miami Beach.

Based on information from Miami Association of REALTORS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.