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$4,450,000 -$500,000 (-10.1%) Price Reduced

  • For Sale
  • Active
  • Commercial Service
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Rare opportunity to acquire an 8-unit multifamily property in a prime South Beach location. Very large 1 bedrooms/ 1 bath who could be easily converted into 12 units. Just a short walk to Collins Avenue, Espanola Way and Lincoln Rd, only two blocks from the beach. The property is a unique investment opportunity with the potential for hotel use or short-term rentals and offering exceptional flexibility for investors. Strong upside potential with the possibility to operate as a hotel or obtain a short-term rental license, making this a compelling income-producing opportunity. All serious offers must be in writing and will be reviewed and responded to promptly!

Full Property Details for 1335 Drexel Ave

General

  • Price: $4,450,000
  • Taxes: $28,411 (2024)
  • Status: Active
  • Type: Commercial Service
  • Source: Greater_Miami
  • MLS ID: A11933913
  • Updated: 3/2/2026
  • Added to Site: 49 day(s) ago

Business

  • Business Type: Hotel/Motel

Interior

  • Flooring: Carpet, Wood

Additional Information

  • Security/Safety: Security Fence

Location

  • County: Miami-Dade County

Community

  • Units Assoc/Comm: 8

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Wall/Window Unit(s)

Utilities

  • Water: Public

Structural Information

  • # Buildings: 1
  • Structure Type: Hotel/Motel, Hotel
  • Detached/Attached: Detached
  • Construction: CBS Construction
  • Roof: Concrete
  • Stories/Levels: 2
  • Building Size: 5360
  • Current Bldg. Use: Hotel Non-Waterfront
  • Year Built: 1939

Unit Information

  • Units in Complex: 8

Lot Features

  • Lot Size (Sq. Ft.): 5,000
  • Zoning: 6400

Financial Considerations

  • Tax Amount: $28,411
  • Tax Year: 2024
  • Terms: All Cash, Owner Will Carry

Disclosures and Reports

  • Special Conditions: Sale
  • Legal Description: H PRATTS RESUB OCEAN BEACH NO 3 PB 6-17 LOT 12 BLK 21 LOT SIZE 50.000 X 100 OR 16411-0124 0694 4
  • Property ID: 02-32-34-011-0070

Listed by Douglas Elliman

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Listing agents

— 1335 Drexel Ave —

  • Douglas Elliman

  • Douglas Elliman

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1335 Drexel Ave

School District:Dade County School District
NameGradesDistance
Fienberg/Fisher K-8 Center
1420 Washington Avenue, Miami Beach, FL 33139
PK-50.1 mi
Nautilus Middle School
4301 N Michigan Ave, Miami Beach, FL 33140
6-82.1 mi
Miami Beach Senior High School
2231 Prairie Avenue, Miami Beach, FL 33139
9-121 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1335 Drexel Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/02/2026
Price Reduced
$4,450,000
-10.1%
MLS
1/14/2026
Listed
$4,950,000
4949900%
MLS
9/17/2019
Sold
$100
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1335 Drexel Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$28,411
22%
$1,794,520
-5%
2024
$23,254
8%
$1,893,222
—
2023
$21,514
-7%
$1,893,222
34%
2021
$23,112
-1%
$1,408,239
-12%
2022
$23,252
1%
$1,606,221
24%
2021
$23,112
8%
$1,294,400
30%
2019
$21,396
13%
$997,040
10%
2018
$18,937
-15%
$906,400
-30%
2017
$22,194
4%
$1,287,268
29%
2016
$21,418
5%
$995,225
2%
2015
$20,319
9%
$977,060
8%
2014
$18,644
5%
$905,685
4%
2013
$17,716
—
$871,118
—
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Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Douglas Elliman

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1335 Drexel Ave, Miami Beach, FL 33139 (MLS# A11933913) is a Commercial Service property. 1335 Drexel Ave is currently listed for $4,450,000 and was received on January 14, 2026. Want to learn more about 1335 Drexel Ave? Do you have questions about finding other Commercial Service real estate for sale in Miami Beach? You can browse all Miami Beach real estate or contact a Coldwell Banker agent to request more information.

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