1500 OCEAN DR UPH-5, Miami Beach, FL 33139
Parcel: 0232341180540 · Residential · Condominium - Residential · Zoning: 6501
Assessed Value (2025)
$1,391,283
Property Details
Beds
2
Baths
2
Living Sqft
1,530
Year Built
1998
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL
Sales History
1
$100non-market transfer
2018-09-06
CHERRY RESIDENCE TRUST → ROBERT B CHERRY
2
$1,664,500
2021-10-01
ROBERT B CHERRY → JENNIFER L WADE
3
$2,100,000+26%
2026-03-11
JENNIFER L WADE → ELAINE F BROWNSTEIN TRS
Tax Assessment History
$1,391,283
Assessed (2025)
$1,570,140
Market Value
$1,340,561
Taxable Value
$27,293
Annual Tax
2024
$1,352,073
$1,570,140
2025
$1,391,283
$1,570,140
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $1,391,283 | $1,570,140 | $1,340,561 | $27,293 | $0 | $0 |
| 2024 | $1,352,073 | $1,570,140 | $1,302,073 | $26,509 | $0 | $0 |
About 1500 OCEAN DR UPH-5, Miami Beach, FL 33139
1500 OCEAN DR UPH-5, Miami Beach, FL 33139 is a 2-bedroom, 2-bathroom residential - total value : condominium - residential built in 1998 with 1,530 square feet of living space. The property is currently owned by ELAINE F BROWNSTEIN TRS ELAINE F BROWNSTEIN REVOCABLE TR, recorded as of 2026-04-07. The owner appears to be owner-occupied based on the mailing address matching the property address.
The most recent sale was on 2026-03-11 for $2,100,000, when JENNIFER L WADE sold to ELAINE F BROWNSTEIN TRS . The property has appreciated $435,500 (26%) since the prior sale of $1,664,500 on 2021-10-01. There are 3 recorded sales for this property.
The 2025 assessed value is $1,391,283 with a market value of $1,570,140. The assessed value increased 3% from $1,352,073 in 2024. The property has the following tax exemptions: homestead.
This property is located in FEMA Flood Zone AE, a Special Flood Hazard Area with a 1% annual chance of flooding (100-year floodplain). Flood insurance is typically required by lenders for properties in this zone. The median household income in this area is $59,028, and the median home value is $601,500.
The population density is 13,028 people per square mile. There are active mortgage liens totaling $1,096,036 recorded against this property. 1500 OCEAN DR UPH-5, Miami Beach, FL 33139 is located in Miami Beach, Florida.
Property records, tax assessments, sales history, and ownership information for this Miami Beach property are sourced from miami_dade County public records. The complete ownership history of this property spans from 2018 to 2026, with 3 recorded transactions in the public record. The current assessed value represents 66% of the most recent sale price.
This low ratio may suggest the property is under-assessed relative to market value, common after recent improvements or a competitive purchase. Based on the most recent sale, this property traded at $1373 per square foot — a key metric for comparing value across Miami Beach's real estate market..
Current Owner
ELAINE F BROWNSTEIN TRS ELAINE F BROWNSTEIN REVOCABLE TR
1500 OCEAN DR UPH-5, MIAMI BEACH, FL, 33139
Since: 2026-04-07
View owner profile →
Flood Zone
Zone AE
Special Flood Hazard Area
Est. Annual Insurance
$11,530 — $20,277
Flood $400 — $800
Property/Wind $11,130 — $19,477
Estimate based on FEMA flood zone, property value, and year built. Actual premiums vary based on elevation, mitigation features, roof condition, and insurer. Not a quote.
Neighborhood
Median Income$59,028
Median Home Value$601,500
Pop. Density13,028/sq mi
Neighborhood 33139
20.8%
Owner-Occ
79.2%
Investor
715
Flips (4yr)
12,810
New Biz (3yr)
Distress Risk
MODERATE
31
Mortgages
ACTIVE 3.125% rate
$1,218,750
COMPASSS MORTGAGE LENDING INC · 2021-10-14
Est. Total Balance $1,096,036
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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