$7,000,000
1355 Drexel Ave, Miami Beach FL 33139
324 days on marketPrice reduced $250,000 on May 12, 2026
- Living area
- 816 sqft
- Price per sqft
- $8,578
- Type
- Quadruplex
- Year built
- 2009
- Taxes
- $111,703/yr
- MLS #
- A11929268
About this home
Turnkey 18-unit short-term rental opportunity in the heart of Miami Beach—just steps from Ocean Drive, Collins Avenue, and Lincoln Road. This prime location offers unrivaled access to the area’s top dining, entertainment, and beachfront attractions. With legal short-term rental zoning and a proven operational track record, the property stands out as a secure, scalable investment in a market where compliant STR assets are increasingly rare. Each unit features a full kitchen, in-unit or onsite laundry, Wi-Fi/cable, and modern interior finishes designed to meet the expectations of today’s short-term traveler. The building has been consistently maintained and optimized for both remote and on-site management, supporting steady year-round occupancy and above-market ADRs. With strict regulations limiting new STR supply and tourism demand in Miami Beach continuing to grow, 1355 Drexel Ave presents investors with a resilient, high-yield cash-flow asset backed by strong underlying real estate fundamentals.
Estimated subtotal
$9,309/mo
- Principal and interestThe current market rate is not available right now. Enter the rate your lender quoted.
- Not included
- Property taxMLS 2025 annual tax, shown monthly
- $9,309
- HOANot in the MLS record
- Not included
The current market rate is not available right now. Enter the rate your lender quoted.
Estimate. Jumbo and investor loans are often priced differently; verify with your lender. Property tax is the seller's current bill and may be reassessed after purchase. Items marked Not included are not in this total.
Is this the right price?
We send written comps, the full cost of owning it and an offer strategy before you tour or offer.
The neighborhood
Miami Beach, 33139
What to check here
Compare association costs, flood exposure and financing across distinct condo submarkets.
Listing courtesy of Compass Florida, LLC
Listing data provided by the Miami Association of Realtors MLS, deemed reliable but not guaranteed.