Fully tastefully remodeled and turnkey Penthouse 1-bedroom at Flamingo South Beach, showcasing refined finishes and a bright, sophisticated design. Enjoy sweeping bay and skyline views, an open living area filled with natural light, and a modern kitchen with peninsula seating and stainless-steel appliances. The bedroom features custom-built closet cabinetry, while updated flooring and curated décor elevate the residence with a luxurious, move-in-ready feel. Sold fully furnished—including all West Elm high end furniture—offering a seamless lifestyle or an immediate rental-ready opportunity. The unit has also generated strong income for the current investor-owner, further underscoring its value and appeal. Flamingo South Beach is one of the few buildings in Miami Beach that permits 30-day minimum short-term rentals. While not all owners choose to take advantage of this flexibility, the property may be rented short term, including on platforms such as Airbnb or Vrbo, with the proper permits. The community delivers a true resort experience with two bayfront pools, cabanas, hot tub, world-class fitness center with dedicated complimentary fitness classes for residents, studios, on-site Pura Vida, café, restaurant, salon, and an expansive Baywalk. Gated entry, 24-hour security, and on-site conveniences enhance everyday comfort. Prime walkability to Sunset Harbour, Lincoln Road, Trader Joe’s, Whole Foods, Publix, and Miami Beach’s top dining and wellness destinations.
For sale
$575,000
1500 Bay Rd APT 1558S, Miami Beach, FL 33139
1beds
788sqft
Est.:
Condominium
Built in 1960
-- sqft lot
$540,900 Zestimate®
$730/sqft
$950/mo HOA
What's special
Gated entryExpansive baywalkHot tubRefined finishesBright sophisticated designUpdated flooringStainless-steel appliances
- 34 days |
- 149 |
- 11 |
Likely to sell faster than
Zillow last checked: 8 hours ago
Listing updated: November 26, 2025 at 09:19pm
Listed by:
Enrico Discolo 305-833-3911,
Discolo Real Estate, Inc.
Source: MIAMI,MLS#: A11921620
Originating MLS: A-Miami Association of REALTORS
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Heating
- None
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer
- Laundry: Common Area
Features
- Closet Cabinetry
- Flooring: Parquet, Wood
- Windows: Clear Impact Glass
Interior area
- Total structure area: 788
- Total interior livable area: 788 sqft
Video & virtual tour
Property
Parking
- Parking features: Other, Parking-Under Building, Valet
Features
- Exterior features: Courtyard
- Has private pool: Yes
- Pool features: Association, Private Pool
- Spa features: Community
- Has view: Yes
- View description: Bay, Garden, Skyline
- Has water view: Yes
- Water view: Bay
- Waterfront features: Bay
- Frontage type: Bay/Harbor
Details
- Parcel number: 0232330793930
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- CBS Construction
Condition
- Updated/Remodeled,Completely Renovated
- Year built: 1960
Utilities & green energy
- Electric: Circuit Breakers
Community & HOA
Community
- Security: Smoke Detector, Doorman, Elevator Secure, Card Entry, Security Guard
- Subdivision: Flamingo South Beach I Co
HOA
- Has HOA: Yes
- Amenities included: Bar, Bike Storage, Boat Dock, Cabana, Playground, Laundry, Elevator(s), Fitness Center, Pool, Sauna, Spa/Hot Tub, Trash
- HOA fee: $950 monthly
- Application fee: $0
- Pet fee: $0
Location
- Region: Miami Beach
Financial & listing details
- Price per square foot: $730/sqft
- Tax assessed value: $343,813
- Annual tax amount: $6,772
- Date on market: 11/26/2025
- Listing terms: All Cash,Conventional
Estimated market value
$540,900
$514,000 - $568,000
$3,212/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/26/2025 | Listed for sale | $575,000+62%$730/sqft |
Source: | ||
| 4/5/2025 | Listing removed | $5,500$7/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/15/2025 | Listed for rent | $5,500+14.6%$7/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/13/2024 | Listing removed | $4,800$6/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/24/2024 | Price change | $4,800-2%$6/sqft |
Source: Zillow Rentals Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,461 +29.9% | $343,813 +41.1% |
| 2023 | $4,974 +19.5% | $243,603 +10% |
| 2022 | $4,161 +2.2% | $221,458 +5% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$4,764/mo
Principal & interest
$2731
HOA Fees
$950
Other costs
$1083
Climate risks
Neighborhood: Flamingo Lummus
Nearby schools
GreatSchools rating
- 5/10Fienberg/Fisher K-8 CenterGrades: PK-8Distance: 0.8 mi
- 5/10Miami Beach Senior High SchoolGrades: 9-12Distance: 1.1 mi
- 5/10Nautilus Middle SchoolGrades: 6-8Distance: 2.1 mi
Schools provided by the listing agent
- Middle: Nautilus
- High: Miami Beach
Source: MIAMI. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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