Luxury Condos in Miami Under $1 Million: What Can You Buy in 2026? | Luxe Miami Realty

1500 Bay Rd # 1558S
Miami Beach, FL, 33139
$575,000
1 Beds
1 Baths
788 SqFt
0 Acres
Add
MLS #A11921620 image #0
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.

Property Details

Price:
$575,000
MLS #:
A11921620
Status:
Active
Beds:
1
Baths:
1
Type:
Condo
Subtype:
Condominium
Subdivision:
FLAMINGO SOUTH BEACH I CO
Neighborhood:
flamingosouthbeachico
Listed Date:
Nov 26, 2025
Finished Sq Ft:
788
Total Sq Ft:
788
Year Built:
1960
PenthouseWaterfrontPoolFlamingo South Beach I CoFlamingosouthbeachicoFlamingo South Beach I CoNautilusMiami BeachNo Daily RentalsRestrictions Or Possible Restrictions

Ask a Question

See this Listing

Send
  

Schools

Middle School:
Nautilus
High School:
Miami Beach

Interior

Appliances
Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer
Bathrooms
1 Full Bathroom
Cooling
Central Air
Flooring
Parquet, Wood
Heating
None
Interior Features
Closet Cabinetry
Laundry Features
Common Area

Exterior

Architectural Style
Penthouse
Association Amenities
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
Construction Materials
CBS Construction
Exterior Features
Courtyard
Parking Features
Other, Parking-Under Building, Valet
Security Features
Smoke Detector, Doorman, Elevator Secure, Card Entry, Guard At Site
View
Bay, Garden View, Skyline
Window Features
Clear Impact Glass

Financial

HOA Fee
$950
HOA Fee Frequency
Monthly
Tax Year
2025
Taxes
$6,772

Map

Community

Subdivisions in Miami Beach

Market Summary

Current real estate data for Condo in Miami Beach as of Apr 24, 2026
2,036
Condo Listed
179
Avg DOM
1,049
Avg $ / SqFt
$1,677,423
Avg List Price

Property Summary

    Located in the FLAMINGO SOUTH BEACH I CO subdivision, 1500 Bay Rd # 1558S Miami Beach FL is a Condo for sale in Miami Beach, FL, 33139. It is listed for $575,000 and features 1 beds, 1 baths, and has approximately 788 square feet of living space, and was originally constructed in 1960. The current price per square foot is $730. The average price per square foot for Condo listings in Miami Beach is $1,049. The average listing price for Condo in Miami Beach is $1,677,423. To schedule a showing of MLS#a11921620 at 1500 Bay Rd # 1558S in Miami Beach, FL, contact your Julien Drieu agent at 7862380927.

Similar Listings Nearby

broker reciprocity
MLS# A11887001broker reciprocity
2555 Collins Ave # 2112
Miami Beach, FL

$745,000

1.6 miles away

broker reciprocity
MLS# A11758662broker reciprocity
3605 Indian Creek Dr # 201
Miami Beach, FL

$745,000

2.1 miles away

broker reciprocity
MLS# A11957434broker reciprocity
601 NE 27TH ST # 801
Miami, FL

$745,000

2.9 miles away

broker reciprocity
MLS# A12004708broker reciprocity
601 NE 36th St # 801
Miami, FL

$744,000

3.1 miles away

broker reciprocity
MLS# A12003335broker reciprocity
5055 Collins Ave # 4C
Miami Beach, FL

$742,000

3.2 miles away

broker reciprocity
MLS# A11941123broker reciprocity
1300 S Ave # 3709 Miami
Miami, FL

$740,000

3.5 miles away

broker reciprocity
MLS# A11831090broker reciprocity
460 NE 28th St # 805
Miami, FL

$740,000

2.9 miles away

broker reciprocity
MLS# A11904287broker reciprocity
1010 Brickell Ave # 1706
Miami, FL

$740,000

3.3 miles away

broker reciprocity
MLS# A12001673broker reciprocity
1000 Brickell Plz # 3904
Miami, FL

$740,000

3.4 miles away

broker reciprocity
MLS# A11957448broker reciprocity
701 Brickell Key Blvd # 2309
Miami, FL

$740,000

2.9 miles away

1500 Bay Rd # 1558S
Miami Beach, FL

Latest Posts

Luxury Condos in Miami Under $1 Million: What Can You Buy in 2026? | Luxe Miami Realty

Miami real estate agent Julien Drieu breaks down what you…

Is Buying Pre-Construction in Miami a Good Investment in 2026? | Luxe Miami Realty

Miami agent Julien Drieu gives an honest assessment of pre-construction…

Miami Neighborhood Guide for Luxury Real Estate Buyers 2026 | Luxe Miami Realty

Miami agent Julien Drieu's honest neighborhood guide for luxury real…

How to Buy a Pre-Construction Condo in Miami: Complete 2026 Guide | Luxe Miami Realty

Step-by-step guide to buying a pre-construction condo in Miami from…

Moving to Miami: Complete Relocation Guide 2026 | Luxe Miami Realty

Miami real estate agent Julien Drieu shares the complete 2026…