C A S H O N L Y - This RARE “HEART OF SOUTH BEACH STUDIO GEM" is in a recently renovated Art Deco privately gated and secure modern complex. Quality cherry hardwood floors, stainless steel kitchen and appliances, central AC, modern bath with shower, private washer / dryer inside the unit. Close to the beach, the public pool and tennis courts and a gorgeously landscaped courtyard with greenery, a fountain, lounge chairs and tables to relax. Very bright and in excellent condition, new central AC unit. Landlord to pay in full any special assestment at closing. TENANT OCCUPIED @ $ 1800 PER MONTH.
For sale
$245,000
1340 Drexel Ave APT 406, Miami Beach, FL 33139
0beds
515sqft
Condominium
Built in 1949
-- sqft lot
$237,700 Zestimate®
$476/sqft
$412/mo HOA
What's special
Very brightQuality cherry hardwood floorsNew central ac unitCentral acModern bath with shower
- 250 days
- 86
- 3
Zillow last checked:
Listing updated:
Listed by:
Aldo Massaglia 786-556-9666,
AG Real Estate Advisors, LLC
Source: MIAMI,MLS#: A11932789
Originating MLS: A-Miami Association of REALTORS
Originating MLS: A-Miami Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Heat Pump/Reverse Cycle
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Ice Maker, Microwave, Other, Refrigerator, Washer
Features
- Flooring: Wood
- Windows: Hurricane Shutters
Interior area
- Total structure area: 515
- Total interior livable area: 515 sqft
Video & virtual tour
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Features
- Entry location: Second Floor Entry
- Exterior features: Exterior Cat Walk, Courtyard
- Fencing: Fenced
- Has view: Yes
- View description: Garden
Details
- Parcel number: 0232341920240
- Other equipment: Other, Intercom
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- CBS Construction, Other
Condition
- Year built: 1949
Utilities & green energy
- Electric: Circuit Breakers
Community & HOA
Community
- Security: Smoke Detector, Complex Fenced, Phone Entry, TV Camera
- Application fee: $150
- Pet fee: $0
- Subdivision: Retreat Condo
HOA
- Has HOA: Yes
- Amenities included: None
- HOA fee: $412 monthly
Location
- Region: Miami Beach
Financial & listing details
- Price per square foot: $476/sqft
- Tax assessed value: $202,193
- Annual tax amount: $3,642
- Date on market: 12/18/2025
- Listing terms: Cash
Estimated market value
$237,700
$226,000 - $250,000
$2,074/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/13/2026 | Price change | $245,000-3.9%$476/sqft |
Source:  MIAMI #A11932789 Report a problem | ||
| 2/8/2026 | Price change | $255,000-1.9%$495/sqft |
Source: MIAMI #A11932789 Report a problem | ||
| 1/20/2026 | Price change | $260,000-1.9%$505/sqft |
Source: MIAMI #A11932789 Report a problem | ||
| 12/27/2025 | Listed for sale | $265,000-8.3%$515/sqft |
Source: MIAMI #A11932789 Report a problem | ||
| 12/20/2025 | Listing removed | $1,800$3/sqft |
Source: MIAMI #A11901292 Report a problem | ||
| 11/24/2025 | Price change | $1,800-3.7%$3/sqft |
Source: MIAMI #A11901292 Report a problem | ||
| 11/15/2025 | Price change | $1,870-6%$4/sqft |
Source: MIAMI #A11901292 Report a problem | ||
| 11/1/2025 | Listed for rent | $1,990+4.7%$4/sqft |
Source: MIAMI #A11901292 Report a problem | ||
| 9/20/2025 | Listing removed | $289,000$561/sqft |
Source: MIAMI #A11787154 Report a problem | ||
| 4/20/2025 | Listed for sale | $289,000+57.1%$561/sqft |
Source: MIAMI #A11787154 Report a problem | ||
| 2/14/2025 | Listing removed | $1,900$4/sqft |
Source: MIAMI #A11672559 Report a problem | ||
| 1/10/2025 | Listed for rent | $1,900$4/sqft |
Source: MIAMI #A11672559 Report a problem | ||
| 12/22/2024 | Listing removed | $1,900$4/sqft |
Source: MIAMI #A11672559 Report a problem | ||
| 12/13/2024 | Price change | $1,900+2.7%$4/sqft |
Source: MIAMI #A11672559 Report a problem | ||
| 12/10/2024 | Price change | $1,850-7%$4/sqft |
Source: MIAMI #A11672559 Report a problem | ||
| 11/15/2024 | Price change | $1,990-7.4%$4/sqft |
Source: MIAMI #A11672559 Report a problem | ||
| 10/28/2024 | Price change | $2,150-4.4%$4/sqft |
Source: MIAMI #A11672559 Report a problem | ||
| 10/7/2024 | Listed for rent | $2,250-15.7%$4/sqft |
Source: MIAMI #A11672559 Report a problem | ||
| 3/2/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/26/2023 | Listed for rent | $2,670+7.2%$5/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/25/2023 | Listing removed | -- |
Source: MIAMI #A11344777 Report a problem | ||
| 2/23/2023 | Price change | $2,490-6.7%$5/sqft |
Source: MIAMI #A11344777 Report a problem | ||
| 2/17/2023 | Listed for rent | $2,670+27.8%$5/sqft |
Source: MIAMI #A11344777 Report a problem | ||
| 11/6/2022 | Listing removed | -- |
Source: Zillow Rental Network_1 Report a problem | ||
| 10/2/2022 | Listed for rent | $2,090$4/sqft |
Source: Zillow Rental Network_1 #A11242333 Report a problem | ||
| 2/11/2022 | Sold | $184,000+26.9%$357/sqft |
Source: MIAMI #A11131736 Report a problem | ||
| 3/27/2019 | Sold | $145,000+38.1%$282/sqft |
Source: Public Record Report a problem | ||
| 8/26/2011 | Sold | $105,000$204/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,793 +2.7% | $202,193 +4.5% |
| 2024 | $3,692 +11.1% | $193,402 +10% |
| 2023 | $3,322 +25.8% | $175,820 +29.3% |
| 2022 | $2,641 +10.6% | $135,960 +10% |
| 2021 | $2,386 -20.2% | $123,600 -20% |
| 2020 | $2,991 -0.1% | $154,500 |
| 2019 | $2,994 +11.3% | $154,500 +8% |
| 2018 | $2,690 | $143,033 -0.4% |
| 2017 | $2,690 -5.4% | $143,654 +10% |
| 2016 | $2,842 +4.4% | $130,595 +10% |
| 2015 | $2,722 +24.1% | $118,723 +10% |
| 2014 | $2,193 +29% | $107,930 +30% |
| 2013 | $1,699 | $83,020 |
| 2012 | $1,699 -14% | $83,020 -13% |
| 2011 | $1,975 -34.3% | $95,430 -30% |
| 2010 | $3,008 -24.9% | $136,330 -30% |
| 2009 | $4,006 -3.1% | $194,750 -5% |
| 2007 | $4,136 | $205,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Flamingo Lummus
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