1500 Ocean Drive #601, Miami Beach, FL 33139
ACTIVE
Investment Score92/100

1500 Ocean Drive #601, Miami Beach, FL 33139

$695KSouth Beach

1500 Ocean Drive #601, Miami Beach, FL 33139

2Beds
2Baths
1,150Sqft
2003Built
CondoType
6.2%Cap Rate
$4,800/moEst. Monthly Rent
$604$/Sqft

About This Property

Iconic Ocean Drive address in a boutique full-service building steps from the sand. This unit features Art Deco architectural details paired with modern finishes, terrazzo floors, arched doorways, and an updated kitchen. The private balcony overlooks the famous Art Deco Historic District streetscape. Exceptional short-term rental performance with documented income history available.

Features & Highlights

Ocean Drive address
Private balcony with district views
Terrazzo floors
Updated kitchen
Full-service building
Steps to beach
Doorman & concierge
Rooftop pool
STR-approved
Documented rental income
Investment OpportunityBeach ProximitySTR EligibleHigh YieldHistoric District

Neighborhood

South Beach

Explore South Beach

Mortgage Estimator

Mortgage Estimator

Purchase Price$695,000
Down Payment20%, $139,000
Interest Rate7.1%
Loan Term
Monthly Payment$3,736
Down Payment$139,000
Loan Amount$556,000
Total Interest$789,139
Total Cost$1,484,139

Estimates are for informational purposes only and do not include property taxes, insurance, or HOA fees. Consult a licensed mortgage professional for accurate quotes.

SR

Sofia Rivera

Founder & Lead Agent · ATLAS

Licensed Florida Realtor®

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Listing Price$695,000