Condominium
1500 Bay Rd # 1558S
1500 Bay Rd # 1558S, Miami Beach FL 33139 Get directions
$575,000
1 Bed · 1 Bath · 788 SqFt
See estimated monthly costThis listing is courtesy of Discolo Real Estate, Inc.. Enrico Discolo
Overview
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.
Facts & features
Interior
- Living area (sq ft)
- 788
- Full bathrooms
- 1
- Closet Cabinetry
Building & exterior
- Year built
- 1960
- Pool
- Yes
- Waterfront
- Yes
- Bay
- Garden View
- Skyline
- Courtyard
- Other
- Parking-Under Building
- Valet
HOA (homeowners association)
- Association fee
- $950 per month
- Pets allowed
- Yes
- Bar
- Bike Storage
- Boat Dock
- Cabana
- Child Play Area
- Laundry
- Elevator(s)
- Exercise Room
- Heated Pool
- Pool
- Private Pool
- Sauna
- Spa/Hot Tub
- Trash Chute
- No Daily Rentals
- Restrictions Or Possible Restrictions
Taxes
- Annual tax
- $6,772
- Tax year
- 2025
- Parcel number
- 02-32-33-079-3930
Assigned schools
- Middle
- Nautilus
- High
- Miami Beach
Listing
- MLS number
- A11921620
- Property type
- Condominium
- Price per SqFt
- $730
- Subdivision
- FLAMINGO SOUTH BEACH I CO
- On market since
- Nov 26, 2025
- Days on market
- 192
Estimated monthly cost
$4,853 per month
- Principal & interest (30 yr)
- $2,908
- Property tax
- $564
- Insurance (estimated)
- $431
- Association fee
- $950
An estimate for comparison only — not a loan offer, a quote, or a commitment to lend. Actual taxes, insurance and financing terms will differ.
Location
Nearby schools
- Lubavitch Educational Center - Yeshiva Gedolah
- Lincoln-Marti Community Agency 41
- Miami Beach Adult & Community Education Center
- Miami Beach Fienberg/Fisher K-8 Center
- BaseCamp 305 Jr
- Miami Beach South Pointe Elementary
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