Home » Properties » 1500 Bay Rd # 1532S, Miami Beach FL 33139

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Penthouse with Ocean Views at 1500 Bay Rd #1532S

Top-floor 1 bed, 1 bath condo in Miami Beach with panoramic ocean and city views. Monthly rentals allowed up to 12 times yearly.

$549,000

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MLS #A11806902

Listing Updated: 2026-07-12 18:29:15

Listed By: Brokernation Real Estate Doral

Overview

This penthouse unit at 1500 Bay Rd #1532S offers a unique opportunity to enjoy luxury living in Miami Beach. Featuring one spacious bedroom and a full bathroom within 722 sqft, the residence boasts unobstructed panoramic views of the ocean and city skyline from every room. The building includes an elevator and open balconies, enhancing the living experience. Parking options include valet, on-street, and rented spaces, accommodating various needs. Ideal for seasonal residents or investors, the property permits monthly rentals up to 12 times per year, providing flexibility for different lifestyles.

Property Highlights

Top-floor penthouse with ocean and city views, 1 bedroom, 1 bathroom, elevator access, open balcony, flexible parking options, monthly rentals allowed.

Property Details

City: Miami Beach

State: FL

Zip Code: 33139

Address: 1500 Bay Rd # 1532S, Miami Beach FL 33139

Year Built: 1960

Property Type: Residential

Property Sub Type: Condominium

Listing Office Name: Brokernation Real Estate Doral

County: Miami-Dade County

Garage Spaces: 0

Parking Features: None, Parking-Under Building, Rv/Boat Parking, Space Rented, On Street, Valet

Interior Features: Elevator

Exterior Features: Open Balcony

Waterfront: Yes

Pool: No

HOA Fee: $939

Annual Tax: $5,608

Days On Market: 381 Days

Original Listing Description

Experience luxury living in this top-floor penthouse located in one of Miami Beach's premier buildings. Featuring a spacious master bedroom and 1 bathroom, this residence offers stunning, unobstructed panoramic views of the ocean and city skyline from every room. Ideal for investors or seasonal living, the unit allows monthly rentals up to 12 times per year. Don't miss the chance to own a piece of paradise in this exclusive location!

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

1500 Bay Rd # 1532S, Miami Beach FL 33139

About This Neighborhood

Located in Miami Beach, this condominium benefits from a vibrant neighborhood known for its beaches, dining, and cultural attractions. Residents enjoy easy access to waterfront areas, shopping districts, and entertainment venues, contributing to a dynamic lifestyle. The community atmosphere blends urban convenience with coastal charm, making it a sought-after location for both full-time residents and seasonal visitors.

Walkability & Lifestyle

This condominium is situated in a walkable area of Miami Beach, close to restaurants, shops, and waterfront promenades. Residents can enjoy easy access to local amenities, beaches, and entertainment venues on foot, enhancing daily convenience and lifestyle quality. The neighborhood supports an active, pedestrian-friendly environment.

Things To Do Nearby

Miami Beach offers a wide range of activities including beach outings, boating, dining at diverse restaurants, cultural events, and nightlife. Residents can explore waterfront parks, marinas, and recreational facilities nearby, providing options for relaxation and entertainment. The area's vibrant lifestyle caters to varied interests year-round.

Nearby Schools

Miami Beach offers access to a variety of educational institutions within reasonable proximity, providing options for families and individuals prioritizing schooling. The area's schools are part of established districts, ensuring convenient access to education. Proximity to schools adds to the neighborhood's appeal for residents seeking a balanced lifestyle.

Why Buyers Like This Area

Buyers appreciate this area for its combination of ocean views, lifestyle amenities, and convenient location. The neighborhood’s mix of cultural attractions, dining, and outdoor activities appeals to diverse lifestyles. The flexibility of the property’s rental policy also attracts those seeking seasonal use or investment opportunities in a premier coastal setting.

Investment Potential

This Miami Beach penthouse offers a flexible ownership option with monthly rentals permitted up to 12 times annually, appealing to seasonal residents and investors seeking a versatile property. Its prime location and ocean views enhance its attractiveness in the rental market, drawing interest from tenants looking for short-term stays in a desirable area. The combination of location, views, and rental flexibility supports steady demand, making it a practical choice for buyers considering a property with rental potential.

Market Trends

Miami Beach's real estate market continues to attract buyers with its limited inventory and strong demand for properties offering ocean views and lifestyle amenities. Condominiums like this penthouse remain popular due to their location and flexibility in rental options. The area sustains long-term interest from diverse buyers, including those relocating, investing, or seeking vacation homes, supporting a stable market environment.

Rental Income Potential

The property's allowance for monthly rentals up to 12 times per year enhances its rental appeal, especially for tenants seeking short-term or seasonal accommodations. Miami Beach's popularity as a vacation destination supports consistent tenant interest, contributing to potential occupancy throughout the year. While rental income can vary, the location and property features make it attractive for a range of renters.