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For sale
  • $575,000

    1500 Bay Rd APT 1558S, Miami Beach, FL 33139

    1beds
    788sqft
    : 
    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
    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.
    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#: A11921620MLS LogoOriginating 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
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    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
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    Estimated market value

    $540,900

    $514,000 - $568,000

    $3,212/mo

    Price history

    Price history
    DateEventPrice
    11/26/2025Listed for sale$575,000+62%$730/sqft
    Source: MIAMI #A11921620 Report a problem
    4/5/2025Listing removed$5,500$7/sqft
    Source: Zillow Rentals Report a problem
    3/15/2025Listed for rent$5,500+14.6%$7/sqft
    Source: Zillow Rentals Report a problem
    9/13/2024Listing removed$4,800$6/sqft
    Source: Zillow Rentals Report a problem
    7/24/2024Price change$4,800-2%$6/sqft
    Source: Zillow Rentals Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax 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
      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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