Flamingo South Beach Condos For Sale & Rent

Flamingo South Beach Condo Overview

Flamingo South Beach is a bayfront South Beach condo building at 1500 Bay Rd in South Beach, Miami Beach. Built in 1960, the 15-story building has 562 residences near Lincoln Road, West Avenue, Biscayne Bay, dining, nightlife, and everyday services.

Flamingo South Beach Condos for Sale

Flamingo South Beach condos for sale should be reviewed by bay or city exposure, floor height, layout, renovation quality, parking, rental flexibility, and monthly fees. Buyers should compare the building's large-scale amenity profile with association costs, reserves, insurance considerations, and recent South Beach sales.

Flamingo South Beach Rentals and Rental Policy

Rental policy currently shows a short-term rental setup, a 1-month minimum rental term, and up to 12 rentals per year. Buyers should verify association rules, approval timing, fees, taxes, and city requirements before relying on projected income.

Amenities and Building Details

Architectural and ownership notes point to Bernard Zyscovich and MCZ/Centrum Development. Pets are allowed with restrictions. Buyers should review amenities, parking, security, reserves, insurance considerations, association rules, and monthly fees with the specific residence. This transition not only modernized the property but also enhanced its appeal as a luxurious living space. Notable features include hurricane impact-resistant windows, private balconies in non-studio homes, and central air conditioning, ensuring comfort and security for all residents. The property features a 1,300 square foot bay walk, two resort-style pools including an infinity pool, and an outdoor whirlpool spa. The 14,000 square foot state-of-the-art fitness center offers a variety of services like yoga, spin, and boot-camp classes.

What to Compare Before Buying at Flamingo South Beach

Compare active condos for sale, active rentals, recent sales, bay exposure, unit condition, monthly fees, parking, rental rules, pet policy, and South Beach walkability. It is also useful to compare Flamingo Point with nearby buildings and area pages such as Miami Beach and The Waverly.

Market Context

Flamingo Point has completed-year closed-sale history from 2017 through 2025 in the market statistics, with 268 recorded condo sales, or about 30 sales per year. That is a deep resale sample for a single building, so buyers can usually find stronger comparable-sale context by bedroom count, line, view, and condition. The busiest year in the series was 2022 with 61 sales, while the quietest was 2025 with 11. Recent completed-year sales volume is below the long-term average. The gap between the busiest and quietest years also shows why buyers should separate building demand from broader market-cycle timing.

The completed-year price-per-square-foot history for Flamingo Point ranges from about $345/sqft to $584/sqft, with an average near $447/sqft across the years shown. That range gives buyers room to separate stronger lines and renovated units from more ordinary comparisons. The last completed year in the series is higher than the first, moving from $383/sqft in 2017 to $584/sqft in 2025. The recent completed-year price-per-square-foot average is above the long-term average. Average closed price over the same completed-year period was about $389,734, but that number should be read by bedroom count, size, view, and renovation level.

Bedroom-level statistics also help explain value at Flamingo Point: 2 Beds and 1 Bed units have the broadest historical comparison set, while 3 Beds around $1,004,688 and 2 Beds around $489,494 represent the higher average closed-price tiers in the chart data. The segment is useful, but buyers should still check whether the underlying sales were similar in size, view, and condition. Buyers should compare units within the same bedroom count before deciding whether a listing is expensive or well positioned. Flamingo Point also has short-term rental flexibility with a 1-month minimum lease and up to 12 rentals per year, which should be read together with the long-term sales data. That flexibility can broaden buyer demand, but only when approval timing, seasonality, furnishings, taxes, fees, and local rules support the intended use.