Seller's Agent in 2021
Nelson Gonzalez
BHHS EWM Realty
(305) 674-4040
2 in this area
104 Total Sales
Estimated Value: $1,742,000 - $2,276,000
2
Beds
2.5
Baths
1,530
Sq Ft
1998
Built
Highlights
- Valet Parking
- Private Beach Pavilion
- Penthouse
- Ocean Front
- Fitness Center
- 1-minute walk to Miami Beach Ocean Walk
About This Home
As of October 2021Fully remodeled, stylish 2bd/2.5bath residence at 1500 Ocean Drive - Michael Graves boutique oceanfront condo in South Beach! Upper PH-5 offers excellent split floor plan with ocean views from every room. The large modern kitchen features oversize island with quartzite stone counters, Miele appliances - including a built-in cappuccino maker, and SubZero fridge. Marble floors flow through to the deep covered terrace where you can lounge or dine outside while enjoying ocean breezes with east views of the Atlantic Ocean and west of South Beach and the Bay. Formal entry foyer, mosaic-tile powder room, custom closets, modern light fixtures, Somfy remote control shades, ghost speakers. This unit has tandem parking of 2 spots. This full-service condo offers beach service, pool, spa, gym.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $16,716
Year Built
- Built in 1998
Lot Details
- Ocean Front
- Northeast Facing Home
Parking
- 2 Car Attached Garage
- Assigned Parking
Home Design
- Penthouse
- Concrete Block And Stucco Construction
Interior Spaces
- 1,530 Sq Ft Home
- Built-In Features
- Blinds
- Combination Dining and Living Room
- Marble Flooring
Kitchen
- Electric Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- Main Floor Bedroom
- Split Bedroom Floorplan
- Closet Cabinetry
- Bidet
Laundry
- Dryer
- Washer
Home Security
Additional Features
- East of U.S. Route 1
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 02-32-34-118-0540
Community Details
Overview
- Property has a Home Owners Association
- 114 Units
- 1500 Ocean Drive Condos
- 1500 Ocean Drive Condo Subdivision
- The community has rules related to no recreational vehicles or boats, no trucks or trailers
- 15-Story Property
Amenities
- Valet Parking
- Community Barbecue Grill
- Sauna
- Business Center
Recreation
- Private Beach Pavilion
- Community Pool
- Community Spa
Pet Policy
- Pets Allowed
Building Details
- Maintenance Expense $2,140
Security
- Card or Code Access
- Complex Is Fenced
- High Impact Door
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 11, 2021
Closed on
Oct 13, 2021
Sold by
Cherry Robert B and Cherry Maria Azucena
Bought by
Wade Jennifer L
Seller's Agent
Nelson Gonzalez
BHHS EWM Realty
Buyer's Agent
Bonnie Brooks
Douglas Elliman
List Price
$1,875,000
Sold Price
$1,664,500
Premium/Discount to List
-$210,500
-11.23%
Total Days on Market
85
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$395,495
Avg. Annual Appreciation
6.19%
Original Mortgage
$1,218,750
Outstanding Balance
$1,127,953
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$932,042
Purchase Details
Closed on
Sep 6, 2018
Sold by
Cherry Robert B and Cherry Maria Azucena
Bought by
Cherry Robert B and Cherry Maria Azucena
Purchase Details
Closed on
May 1, 2007
Sold by
Cherry Robert B and Cherry Maria Azucena
Bought by
Cherry Robert B and Cherry Maria Azucena
Purchase Details
Closed on
Jul 22, 2005
Sold by
Pierson Michael S
Bought by
Cherry Robert B and Cherry Maria Azucena
Purchase Details
Closed on
Oct 26, 1999
Sold by
Jefferson Plaza Ltd
Bought by
Pierson Michael S
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Wade Jennifer L | $1,679,000 | Attorney | |
| Cherry Robert B | -- | Attorney | |
| Cherry Robert B | -- | Attorney | |
| Cherry Robert B | -- | Attorney | |
| Cherry Robert B | $1,100,000 | -- | |
| Pierson Michael S | $515,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Wade Jennifer L | $1,218,750 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/04/2021 10/04/21 | Sold | $1,664,500 | -11.2% | $1,088 / Sq Ft |
| 08/04/2021 08/04/21 | Pending | -- | -- | -- |
| 05/11/2021 05/11/21 | For Sale | $1,875,000 | -- | $1,225 / Sq Ft |
Source: MIAMI REALTORS® MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $24,028 | $1,352,073 | -- | -- |
| 2023 | $24,028 | $1,312,693 | $0 | $0 |
| 2022 | $23,171 | $1,274,460 | $0 | $0 |
| 2021 | $16,913 | $916,888 | $0 | $0 |
| 2020 | $16,716 | $904,229 | $0 | $0 |
| 2019 | $16,338 | $883,900 | $0 | $0 |
| 2018 | $17,009 | $945,571 | $0 | $0 |
| 2017 | $16,859 | $926,123 | $0 | $0 |
| 2016 | $16,831 | $907,075 | $0 | $0 |
| 2015 | $17,046 | $900,770 | $0 | $0 |
| 2014 | $17,339 | $893,622 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Nelson Gonzalez
-
Bonnie Brooks
Buyer's Agent in 2021
Bonnie Brooks
Douglas Elliman
(305) 206-4186
1 in this area
25 Total Sales
About This Building
Map
Similar Homes in Miami Beach, FL
Source: MIAMI REALTORS® MLS
MLS Number: A11039176
APN: 02-3234-118-0540
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