Ross’s Comments – What you Need to Know about 1500 Ocean Drive
Designed by starchitect Michael Graves this building has a nautical theme.
The building consists of mostly 2 and 3 bedroom units, low key and private in a super prime location.
Tim Headington, oil magnate and movie producer from Texas, is asking $25M for his incredible 8400 SF penthouse when he previously listed the property for sale for $14,9M in 2010.
I think that 1500 Ocean has historically been undervalued compared to its neighbor and luxury condo “Il Villaggio”.
BUILDING QUALITY +
RENT FRIENDLY +
DESIGN & EFFICIENCY +
PET FRIENDLY +
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UNIT SIZES 950 – 8,400 sq. ft (88 – 780 m²)
UNIT TYPES 1, 2 and 3 bedrooms
# OF UNITS 113
# OF FLOORS 15
# OF PARKING LEVELS 3
ARCHITECT Michael Graves & Associates
DEVELOPER Constructa, Inc.
PET POLICY Pets are allowed, subject to restrictions.
Michael Graves signature architecture and design
Full time concierge
24-hour front desk, valet parking, security
Sauna, massage and steam room
Heated pool/spa overlooking the ocean
Beach chairs and umbrella service
Poolside and beach lunch menu
Wireless internet available poolside, beach and Ocean Room
Ocean Room, billiards, game room
Massage therapy, yoga & Pilates classes, fitness training
Secure air-conditioned bicycle storage
Private, individual, air-conditioned storage bins
South Beach, also known as SoBe, is a neighborhood within the city of Miami Beach. It is the area south of Indian Creek and encompasses roughly the southernmost 23 blocks of the main barrier island that separates the Atlantic Ocean and Biscayne Bay. This area was the first section of Miami Beach to be developed, starting in the 1910′s, due to the development efforts of Carl G. Fisher, the Lummus Brothers, and John S. Collins.
During the 1960′s, South Beach became even more famous when Jackie Gleason brought his weekly variety series, The Jackie Gleason Show to the area. Beginning in the late 1970′s and continuing through the 1980′s, South Beach was used as a retirement community with most of its ocean-front hotels and apartment buildings filled with elderly people living on small, fixed incomes. This period also saw the introduction of the “cocaine cowboys,” drug dealers who used the area as a base for their illicit drug activities. The movie “Scarface“, released in 1983, typifies this activity. In addition, the television show Miami Vice used South Beach as a backdrop for much of its filming because of the area’s raw and unique visual beauty.
The area has gone through numerous artificial and natural changes over the years, including a booming regional economy, increased tourism, and the 1926 hurricane, which destroyed much of the area. The South Beach section of Miami Beach is a major entertainment destination with hundreds of nightclubs, restaurants, boutiques and hotels. The area is popular with both American and international tourists, with many having permanent or second homes.