For SaleRisky Deal0 days on market

1500 Ocean Dr APT 707

1500 Ocean Dr APT 707, Miami Beach, FL 33139, Miami Beach, FL 33139
$1,800,000

Listing Price

Property image 1
1500 Ocean Dr APT 707, Miami Beach, FL 33139
Loc: Miami Beach, FL
Days Listed
0
Tax Assessed
$1068k
Type
condo

More Than Just a Property

We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.

4.9
Safety Score
A+
Schools

Nearby Schools

Educational options and performance ratings in the area.

5

Fienberg/Fisher K-8 Center

PK-8
0.2 mi away
5

Miami Beach Senior High School

9-12
0.8 mi away
5

Nautilus Middle School

6-8
1.9 mi away
Haven Underwritten Market·Moderate DSCR (0.60x)

Miami, FL Investment Analysis (2026)

Cap Rate: 3.71% · Median Rent: $3,400/mo · Effective Tax: 0.91%

Open Miami Market Underwrite

Property Overview

No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.

Features & Amenities

modernluxurycontemporaryopen-conceptminimalisthigh-risefloor-to-ceiling windowsaccent wallchicsophisticatedspaciousurbanneutral palettedesigner lighting

Haven AI Verdict

Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
6.21%
Total ROI
93.8%
Cash Flow
$-24/mo
DSCR
1.00
Was this AI Verdict accurate?

Data provided by Haven AI. Disclaimer

Haven AI

Property yields an estimated $-24/mo net cash flow with a 6.2% cap rate. Underwriting indicates risky fundamentals for long-term hold.

Strengths
  • Favorable cap rate profile (6.2%)
  • Strong rental demand in Miami Beach
Considerations
  • Verify historical operating expenses and local tax assessment
  • Confirm current lease terms and tenant estoppel certificates

10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-09-23Listed for sale$1,800,000$1,538
2026-06-16Listed for rent$8,500$7
2025-03-04Listing removed$10,000$9
2024-12-17Listed for rent$10,000$9
2024-12-12Listing removed$13,800$12
2024-11-29Price change$13,800$12
2024-11-08Price change$14,800$13
2024-10-29Price change$16,800$14
2024-09-18Listed for rent$18,500$16
2024-08-29Listing removed$0
2024-02-19Listed for rent$15,000$13
2023-11-26Listing removed$0
2023-08-19Price change$15,000$13
2023-03-17Price change$10,000$9
2022-12-13Price change$12,500$11
2022-12-05Price change$14,500$12
2022-08-28Listed for rent$16,500$14
2021-01-11Listing removed$0
2021-01-04Price change$7,500$6
2020-03-03Listed for rent$6,500$6
2019-04-22Listing removed$4,985$4
2019-02-23Listed for rent$4,985$4
2018-09-28Listing removed$5,250$4
2018-04-26Price change$5,250$4
2017-10-02Listed for rent$5,400$5
1999-01-28Sold$269,900$231

Tax History

YearProperty TaxTax Assessment
2025$20,038.49$1,068,144
2024$20,071.79$1,068,144
2023$18,349.46$971,040
2022$18,245.16$971,040
2021$17,856.12$924,800
2020$17,903.75$924,800
2019$19,479.29$1,005,200
2018$19,897.23$1,058,128
2017$19,897.23$1,046,101
2016$20,005.02$951,001
2015$18,640.9$864,547
2014$17,073.45$785,952
2013$14,773.68$793,892
2012$14,773.7$721,720
2011$16,210.6$743,919
2010$14,923.4$676,290
2009$16,366.8$795,630
2007$17,447.4$864,820
2006$13,042.9$0
2005$13,042.9$0
2004$10,635$0
2003$10,648.4$0
2002$6,317.96$0
2001$6,317.96$0
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
2
Baths
2
Sq Ft
1,170

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