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$7,000,000 -$250,000 (-3.45%) Price Reduced

  • For Sale
  • Active
  • Multi-Family
  • Updated 6 days ago
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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.

Full Property Details for 1355 Drexel Ave

General

  • Price: $7,000,000
  • Taxes: $111,703 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: Greater_Miami
  • MLS ID: A11929268
  • Updated: 5/12/2026
  • Added to Site: 159 day(s) ago

Rental Information

  • Rent Includes: Hot Water, Trash Collection, Water

Interior

  • Flooring: Concrete

Parking

  • Total Spaces: 2

Location

  • Area: Sobe Village Condo
  • County: Miami-Dade County
  • Subdivision: SOBE VILLAGE CONDO
  • Building Name: SOBE VILLAGE CONDO

Community

  • Community Name: Sobe Village Condo

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer

Structural Information

  • Architectural Style: Other
  • Structure Type: Quadruplex, Fourplex
  • Detached/Attached: Detached
  • Construction: Concrete Block Construction
  • Roof: Flat Tile
  • Stories/Levels: 2
  • Building Size: 816
  • Square Feet: 816
  • Living Area: 816 Sq. Ft.
  • Year Built: 2009

Lot Features

  • Lot Features: Less Than 1/4 Acre Lot
  • Zoning: 6400

Financial Considerations

  • Price Per Sq. Ft.: $8,578.43
  • Tax Amount: $111,703
  • Tax Year: 2025
  • Terms: All Cash, Conventional

Disclosures and Reports

  • Documents Avail.: Financial Statement, Investment Analysis
  • Legal Description: SOBE VILLAGE CONDO UNIT 4 BLDG 1355 UNDIV 7.96% INT IN COMMON ELEMENTS OFF REC 24443-2198
  • Property ID: 02-32-34-183-0120

Listed by Compass Florida, LLC

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Listing agent

— 1355 Drexel Ave —

  • Compass Florida, LLC

305-209-8866

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 1355 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 mi
Miami Beach Senior High School
2231 Prairie Avenue, Miami Beach, FL 33139
9-121 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1355 Drexel Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/12/2026
Price Reduced
$7,000,000
-3.45%
MLS
12/11/2025
Listed
$7,250,000
612.18%
MLS
4/30/2021
Sold
$1,018,000
—
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 1355 Drexel Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$8,725
10%
$467,320
—
2023
$7,948
9%
$467,320
20%
2022
$7,317
15%
$389,435
10%
2021
$6,357
11%
$354,032
36%
2019
$5,717
24%
$260,392
7%
2018
$4,595
-15%
$244,379
-20%
2017
$5,402
13%
$305,474
24%
2016
$4,785
-2%
$246,350
—
2015
$4,881
61%
$246,350
65%
2014
$3,033
—
$149,300
—
2013
$3,036
—
$149,300
—
View All
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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with our affiliated lender
NMLS#: 1598647

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Listed by Compass Florida, LLC

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Recent Sales near 1355 Drexel Ave

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1355 Drexel Ave, Miami Beach, FL 33139 (MLS# A11929268) is a Multi-Family property with units containing 0 bedrooms and 0 full bathrooms. 1355 Drexel Ave is currently listed for $7,000,000 and was received on December 11, 2025. Want to learn more about 1355 Drexel Ave? Do you have questions about finding other Multi-Family 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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