Flamingo South Beach Condos

1500 Bay Rd, Miami Beach, FL 33139 · Miami Beach

4 for sale16 for rent$333K – $1.7M$760 / sqft median

About Flamingo South Beach

Flamingo South Beach is a 15-story condominium at 1500 Bay Rd in South Beach, completed in 1960. It was developed by MCZ/Centrum.

The building currently has 4 listings for sale, between $333K and $1.7M (a median $760 per square foot). By size: 1 studio from $333K, 2 one-bedrooms from $549K and 1 three-bedroom from $1.7M. For renters, 16 units are available on annual leases from $2,100 to $9,900 a month.

Over the past twelve months 8 units closed at a median $490K ($583/sq ft), typically going under contract in about 63 days. That median is 17% below the prior year — a buyer-friendlier moment. By size, one-bedrooms sold for a median $395K and two-bedrooms sold for a median $727K. 28 leases were signed over the same period at a median $3,450 a month (studios $2,700, one-bedrooms $3,300 and two-bedrooms $4,600).

Life in the building comes with a fitness center, a spa, a pool, child play area, a bar and bike storage.

Flamingo South Beach Building Facts

The Building

Address
1500 Bay Rd, Miami Beach, FL 33139
Neighborhood
South Beach
City
Miami Beach, FL 33139
County
Miami-Dade County
Year built
1960
Stories
15
Bedrooms
Studio – 3 bedrooms
Bathrooms
1 – 3 baths
Developer
MCZ/Centrum
Construction
Concrete Block Construction
Legal name
Flamingo South Beach I Condominium

Ownership Costs & Rules

HOA fees
$614 – $2,640/mo
HOA average
$1,286/mo
HOA per sq ft
$1.28/sq ft per month
HOA includes
All Amenities, Building Exterior, Common Area, Hot Water, Landscaping/Lawn Maintenance, Laundry Facilities, Outside Maintenance, Pool Service
Pets
Allowed with restrictions
Leasing
1 month minimum · up to 12× a year

Market — Last 12 Months

Closed sales
8
Median sold price
$490K
Median sold $/sq ft
$583
Median days on market
63 days
Leases signed
28
Median rent
$3,450/mo
Price change vs. prior year
-17%

Views, Parking & Security

Waterfront
Yes
Views
Bay, Pool, Skyline, Water
Parking
Covered, Valet, 1 Space
Security
Elevator Secure, Card Entry, Doorman

HOA, pet and leasing details are read from current MLS listings in the building and can vary by unit — confirm with the association before you buy.

Flamingo South Beach Amenities

Pool, Spa & Fitness

  • Exercise Room
  • Spa/Hot Tub
  • Pool
  • Heated Pool
  • Community Pool
  • Sauna

Security & Access

  • Card Entry
  • Doorman
  • Lobby Attended

Social & Leisure

  • Child Play Area
  • Bar
  • Boat Dock
  • Cabana
  • Clubhouse

Services & Building

  • Elevator(s)
  • Elevator Secure
  • Laundry
  • Bike Storage
  • Business Center
  • Laundry Facility
  • Trash Chute

More Amenities

  • Smoke Detector
  • Fire Sprinklers
  • Additional Amenities

Flamingo South Beach Residence Features

  • Bay
  • Dishwasher
  • Microwave
  • Refrigerator
  • Closet Cabinetry
  • Electric Range
  • Open Balcony
  • Walk-In Closet(s)
  • Washer
  • Common Area
  • Dryer
  • Elevator
  • Fire Sprinklers
  • Other Equipment/Appliances
  • Pool
  • Self Cleaning Oven
  • Skyline
  • Tile
  • Wall Oven
  • Water
  • Water View
  • Built-in Features
  • Clear Impact Glass
  • Complete Impact Glass

Features vary by residence — confirm details for any specific unit with us.

Floor Plans & Residences at Flamingo South Beach

Residence configurations observed across current and recent Flamingo South Beach listings:

ResidenceSize RangeFor SaleFor RentSale PricingAvg $/SqFt
Studio / 1 Bath461–584 sqft13$333K$705
1 Bed / 1 Bath722–923 sqft25$549K – $575K$745
2 Bed / 2 Bath1,020–1,338 sqft—7——
3 Bed / 3 Bath2,029 sqft11$1.7M$862

Derived from live MLS data — request official floor plans and we'll send the developer set for your line.

Flamingo South Beach Listings

Flamingo South Beach Market Report

Over the last 12 months, 8 condo sales closed in Flamingo South Beach at a median of $490K ($583/sqft), median 63 days on market. Median sold prices are down 16.9% year-over-year. 28 leases were signed at a median of $3,450/mo ($4.45/sqft). Computed from recorded MLS closings; updates automatically.

0$500K$1.0MNovDecJanFebMarAprMayJunJulAugSepOctNov: $387K (2 sales)Dec: $560K (1 sales)Feb: $490K (1 sales)Mar: $395K (1 sales)Aug: $275K (1 sales)Sep: $509K (1 sales)Oct: $727K (1 sales)$387K$727K
$490K
Median (12 mo)
8
Sales (12 mo)
63 days
Median DOM

Last 12 Months by Bedroom Count

ResidenceSalesMedian SoldSold $/SqFtDOMLeasesMedian RentRent $/SqFt
Studio1$275K$58395$2,700$5.75
1 Bed5$395K$5246313$3,300$4.54
2 Bed2$727K$67839510$4,600$4.22
Month-by-month table — All
MonthSalesMedian SoldSold $/SqFtDOMLeasesMedian RentRent $/SqFt
Nov 20252$387K$52463———
Dec 20251$560K$5003953$3,400$4.68
Jan 2026————3$2,800$4.06
Feb 20261$490K$674363———
Mar 20261$395K$501463$3,900$3.65
Apr 2026————2$4,600$4.22
May 2026———————
Jun 2026————5$3,800$4.60
Jul 2026————1$4,250$4.02
Aug 20261$275K$58395$2,700$4.04
Sep 20261$509K$7054502$6,000$5.52
Oct 20261$727K$678264$4,000$5.50

Flamingo South Beach Location & Address

Address

1500 Bay Rd, Miami Beach, FL 33139

South Beach · Miami Beach · Miami-Dade County

Get directions

Similar Buildings to Flamingo South Beach

Buyers weighing Flamingo South Beach tend to shortlist these South-beach buildings in a comparable price band:

Flamingo South Beach — Frequently Asked Questions

What do condos at Flamingo South Beach sell for?

Current asking prices run $333K–$1.7M across 4 listings. Closed sales over the past year had a median of $490K, or $583 per square foot. Typical sale prices: one-bedrooms $395K and two-bedrooms $727K. Exact value depends on floor, line, view and finish.

Are there condos for sale at Flamingo South Beach right now?

Yes — 4 residences are for sale, the least expensive at $333K. Mix: 1 studio, 2 one-bedrooms and 1 three-bedroom. 16 units are also available for rent.

What does it cost to rent at Flamingo South Beach?

The median rent over the past twelve months was $3,450 a month across 28 leases. Studios rented for about $2,700, one-bedrooms rented for about $3,300 and two-bedrooms rented for about $4,600. 16 units are available to lease today. Minimum lease terms are set by the association — ask us for Flamingo South Beach’s current rental policy.

Are prices going up at Flamingo South Beach?

The median sale price is down 17% compared with the prior twelve months. Units that sold took a median 63 days to go under contract. 8 sales closed in the last year.

When was Flamingo South Beach built?

Flamingo South Beach was completed in 1960 and has 15 stories. The project credits developer MCZ/Centrum.

Where is Flamingo South Beach located?

Flamingo South Beach is at 1500 Bay Rd, Miami Beach, FL 33139, in South Beach. Nearby comparable buildings include Cosmopolitan, Yacht Club at Portofino and Waverly South Beach.

How does Flamingo South Beach compare with nearby buildings?

Flamingo South Beach lists from $333K to $1.7M today. For comparison, Cosmopolitan asks $650K–$1.6M, Yacht Club at Portofino asks $870K and Waverly South Beach asks $485K–$1.3M.

Living at Flamingo South Beach: Summary

Flamingo South Beach is a condominium in South Beach, Miami Beach, FL 33139 (Miami-Dade County). At last update: 4 for sale, 16 for rent and 8 sold in the past year. Buyers comparing it also look at Cosmopolitan, Yacht Club at Portofino and Waverly South Beach. For a private showing, off-market availability or a valuation of your unit at Flamingo South Beach, call Matthew Gromadzki at +1 786-370-8570.