Atlantic Luxury Advisors
1500 Ocean Drive #1003 photo 11500 Ocean Drive #1003 photo 21500 Ocean Drive #1003 photo 31500 Ocean Drive #1003 photo 41500 Ocean Drive #1003 photo 5

39 photos

1500 Ocean Drive #1003

Miami Beach, FL 33139

$2,998,000
3
3
1,740 sq ft
1998
1 car
Condominium
$0/mo
Yes
352
Active

Listing courtesy of One Sotheby's International Realty (Ines Flax). Contact: [email protected].

About this home

Experience unparalleled oceanfront living in this exquisitely redesigned residence by the award-winning NMR Design Group, where breathtaking ocean views greet you from every room. This stunning home features brand-new flooring and a sleek, contemporary kitchen with a quartzite waterfall island, all set in the heart of Miami Beach—a location with the highest walkability score. The spacious covered terrace acts as an outdoor living space, offering unobstructed views of the ocean and beach, perfect for relaxation or entertaining. Located in the boutique, award-winning Michael Graves Condo, this residence offers an array of upscale amenities, including private beach services, a barbecue area, a social room, climate-controlled bike and storage rooms, and a dedicated professional staff.

What it costs to own
Estimated monthly payment
$21,591/mo
Principal and interest
$15,160
Property tax
$4,556
Homeowners insurance
$1,875
HOA
$0

An estimate, not a loan offer. The rate and insurance are assumptions to edit with your own quotes; Florida insurance varies widely by age, construction and distance to the coast. Flood insurance and PMI are not included.

Florida cost of ownership
Estimated property tax
$54,672/yr

Estimate: the price times the Miami-Dade County average total millage (18.49 mills, Florida Department of Revenue, 2025 average total millage by county), less the homestead exemptions. The actual bill depends on the city, the assessed value and special assessments. Save Our Homes then caps annual assessment increases at 3% or inflation, whichever is lower.

HOA
$0/mo (from the listing)
FEMA flood zone
Zone AE, special flood hazard area

Inside the 1% annual chance floodplain. Lenders require flood insurance on a financed home; ask for the elevation certificate.

Hurricane evacuation zone
Zone B: ordered to evacuate for Category 1 hurricanes and stronger.

Sources: FEMA National Flood Hazard Layer and the Florida Division of Emergency Management evacuation zones, looked up at the listing point. Confirm with an elevation certificate and your insurer.

Location

Listing data provided by the Southeast Florida Multiple Listing Service (MIAMI REALTORS®). The data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by the MLS. Atlantic Luxury Advisors is a real estate team at Keller Williams Realty. Payment, tax and flood figures on this page are estimates by Atlantic Luxury Advisors, not MLS data.