1500 OCEAN DRIVE UNIT 905, MIAMI BEACH, FL, 33139
Active666 days on marketListed Oct 2, 2024MLS #V4938811
About this home
1500 OCEAN DRIVE UNIT 905
Oceanfront building in South Beach designed by award-winning Michael Graves not only it's on the beach but also located walking distance to hundreds choices of dinning, entertainment, physical activities and countless events throughout a year. You can have perfect day at the beach, pool, jacuzzi, sauna, steam room, gym and massage without leaving residence. Building has complimentary 24/7 valet service and front desk, M-F 9-5 on site management and maintenance. Condo has been occupied annually for few month a year for vacation and in like new condition. **The info in MLS is thought to be correct but not guaranteed**
Facts & features
The home at a glance
2
Bedrooms
2.5
Bathrooms
1,530
Sqft
0 ac
Lot size
1
Garage
1998
Year built
One
Levels
$1,373
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$16,968 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$16,968/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs Miami Beach actives
$1,373 vs $728
Days on market
666 vs 80 typical
Where $1,373/sqft sits among the 397 Miami Beach actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Miami Beach
Get to know Miami Beach. See the full Miami Beach guide →
MIAMI BEACH 33139 — neighborhood snapshot
Population
34,406
Median age
42.1
Median income
$63,368
Median home value
$480,500
Avg household
1.73
Households w/ children
2,435
For the school run
Dade County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Miami Beach market
$1.0M → $8.7M
Miami Beach median sold, yr/yr
97.9%
Sale-to-list ratio (12 mo)
39 of 397
Miami Beach actives have cut their price
Median sold price, Miami Beach, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 2900% above the MIAMI BEACH 33139 median. See the full Miami Beach market guide →
Paper trail
This home's history
Reality check
What actually sold near 1500 OCEAN DRIVE UNIT 905
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Mar ’26$2,100,000
1500 Ocean Dr # 5, Miami Beach FL 33139 · same community
2 bd · 2.5 ba · 1,530 sqft · $1,373/sqft · 159 DOM
Sold · Apr ’26$1,512,000
1500 Ocean Dr # 705, Miami Beach FL 33139 · same community
2 bd · 2.5 ba · 1,530 sqft · $988/sqft · 29 DOM
Sold · May ’26$2,750,000
1500 Ocean Dr # 904, Miami Beach FL 33139 · same community
2 bd · 3 ba · 1,740 sqft · $1,580/sqft · 24 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 1500 OCEAN DRIVE UNIT 905 — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 1500 OCEAN DRIVE UNIT 905 — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
1500 OCEAN DRIVE UNIT 905 FAQs
What would the monthly payment be for 1500 OCEAN DRIVE UNIT 905?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $16,968/mo — principal and interest, the actual property-tax bill, the $2,694/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at 1500 OCEAN DRIVE UNIT 905?+
The association fee works out to $2,694 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 1500 OCEAN DRIVE UNIT 905?+
The most recent tax bill on record (2023) was $23,938. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 1500 OCEAN DRIVE UNIT 905?+
The listing reports pets: Cats OK, Dogs OK. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Miami Beach?+
At $2,100,000, this home is listed about 111% above the Miami Beach median of $995,000. The market section on this page shows how the area is trending.
Which schools are assigned to 1500 OCEAN DRIVE UNIT 905?+
Miami Beach Feinberg/Fisher K-8 (elementary), Miami Beach Senior High School (high), Miami Beach Nautilus Middle School (middle), District Instructional Center (Dic) (), Instructional Center System Wide (), Title I Migrant Education Program () — Dade County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Positioned at the premium end
$2,100,000 runs 2900% above the MIAMI BEACH 33139 median.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Know the monthly fee
The association fee is $2,694/mo. That usually buys real services — verify what's covered before comparing this home against fee-free alternatives.
04Time on market is leverage
666 days on market against a Miami Beach median of 80 — sellers in this position are usually ready to negotiate.
Keep looking
Similar homes nearby
Listing courtesy of CHARLES RUTENBERG REALTY ORLANDO · John Sheynkman. MLS #V4938811.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
Never miss a listing
New Miami Beach homes, in your inbox
Like 1500 OCEAN DRIVE UNIT 905 but not quite? A daily digest of every new listing in Miami Beach — straight from the MLS, hours after it goes live. Unsubscribe anytime.
Just watching this one home? Ask David to ping you on any price or status change →