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For sale
  • Price cut: $250K (5/12)
    $7,000,000

    1355 Drexel Ave, Miami Beach, FL 33139

    --beds
    --baths
    816sqft
    : 
    $48,009/mo
    Get pre-qualified
    Quadruplex
    Built in 2009
    -- sqft lot
    $-- Zestimate®
    $8,578/sqft
    $-- HOA

    What's special

    Modern interior finishesIn-unit or onsite laundryFull kitchen
    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.
    224 days
    |
    124
    |
    4
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Arthur Porosoff 305-209-8866,

    Compass Florida, LLC

    Source: MIAMI,MLS#: A11929268MLS LogoOriginating MLS: A-Miami Association of REALTORS

      Facts & features

      Interior

      Heating
      • Central
      Cooling
      • Central Air
      Features
      • Flooring: Concrete
      Interior area
      • Total structure area: 816
      • Total interior livable area: 816 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      Features
      • Stories: 2
      Lot
      • Features: Less Than 1/4 Acre Lot
      Details
      • Parcel number: 0232341830120
      • Zoning: 6400

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Other
      • Property subtype: Quadruplex
      Materials
      • Concrete Block Construction
      • Roof: Flat Tile
      Condition
      • Year built: 2009

      Utilities & green energy

      • Sewer: Public Sewer

      Community & HOA

      Community
      • Subdivision: Sobe Village Condo
      HOA
      • Has HOA: No
      Location
      • Region: Miami Beach

      Financial & listing details

      • Price per square foot: $8,578/sqft
      • Annual tax amount: $111,703
      • Date on market: 12/11/2025
      • Listing terms: All Cash,Conventional

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $3,079/mo

        Price history

        DateEventPrice
        5/12/2026Price change$7,000,000-3.4%$8,578/sqft
        Source: MIAMI #A11929268 Report a problem
        12/11/2025Listed for sale$7,250,000$8,885/sqft
        Source: MIAMI #A11929268 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Flamingo Lummus

        Getting around

        98 / 100
        Walker's Paradise
        57 / 100
        Good Transit
        77 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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