South Beach Investment Opportunity: a Luxury 1BR Condo at 1500 Ocean Drive

view of ocean drive, south beach, miami beach

1500 Ocean Drive, Unit 510

This unit is available for an extraordinary value. It is owned by another long-time resident of the building. Its owner knows its value and the value of other comparable condos in the area. There are presently no other “10” units available for sale in the building. The “10” units overlook iconic Ocean Drive. By comparison the “09” units do not offer the same spectacular views.
Unit 510 is 940 ft.² located on the west side of the building. It is immaculate. Its vistas are magnificent. It is suitable for a couple or a couple with a child. It includes access to all the amenities, including indoor parking, 24-hour concierge and valet service. It holds the most prestigious position of the 4 condominiums on the beach. Building restrictions prevent any further condo development on South Beach.
Unit 510 provides luxury and prestige at the most affordable price on South Beach. Significantly less sophisticated buildings on South Beach provide similar size units at $400-$500,000 more. Comparison with other units that are available in other buildings will easily demonstrate and verify the difference.

The Price: $1,115,000

The price is $1,115,000. This is a private sale. Therefore, there are no real estate fees. The owner undertakes to pay the cost of a lawyer to transfer legal title.
The Unit has been freshly painted, marble floors cleaned and polished to perfection, new baseboards installed and painted and new electrical outlets installed for easy installation of large flat-screen TV’s without unsightly exposed wires.
The Unit’s 940 ft.² provides ample living space because of the unique Michael Graves’ design. Unit 510 is available for immediate occupancy.
To express interest please call Janice Ducharme at 347-834-3735.