1355 Drexel Avenue, Miami Beach, FL 33139 (MLS# A11929268)

1355 Drexel Avenue, Miami Beach, FL 33139

$7,000,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A11929268

Property Type: Residential Income Square Footage: 816 Status: Active

Current Price: $7,000,000 List Date: 12/11/2025 Last Modified: 7/13/2026

Overview

Description

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 esta ... (Read more)

Listing Details MLS# A11929268

General Property Information

Property Sub Type: Quadruplex
Building Area Main: 816
Living Area Main: 816
Adjusted Area Main: 816
Year Built: 2009
Parking Total: 2
Stories Total: 2
Pool Private YN: No

Property Features

Documents Available: Financial Statement; Investment Analysis Flooring: Concrete Property Condition: Resale Structure Type: Multi Family Construction Materials: Block Cooling: Central Air Heating: Central; Separate Meters Listing Terms: Cash; Conventional; Other Possession: Close Of Escrow; Negotiable Roof: Flat; Tile Sewer: Public Sewer Tax Information: City/County Utilities: Cable Available Showing Requirements: Appointment Only; Call Listing Agent

Contract Information

Comp Sale YN: No
Original List Price: 7250000

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 1355
Street Name: Drexel
Street Suffix: Avenue
City Name: Miami Beach
Municipal Code: 2
State Or Province: FL
Postal Code: 33139
Postal Code +4: 8117
Postal Zip: 33139
Subdivision Name: SOBE VILLAGE CONDO
Area: 2320
Elementary School: Miami Beach Fienberg / Fisher K-8
High School: Miami Beach
Parcel Number: 0232341830120
Subdivision Number: 183
Zoning: 6400
Flood Zone: AE

Financial Information

Tax Annual Amount: 111703
Tax Year: 2025
Tax Legal Description: SOBE VILLAGE CONDO UNIT 4 BLDG 1355 UNDIV 7.96% INT IN COMMON ELEMENTS OFF REC 24443-2198

Status Change Information

Major Change Timestamp: 2026-05-12T22:44:02Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-05-12T22:44:02Z
Status Change Date: 2025-12-11

More Information

Section Details

Parcel Number MLX: 0120

Originating Details

Originating System Key: 424214430
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Flooring

Concrete: Yes

Property Condition

Resale: Yes

Documents Available

Financial Statement: Yes
Investment Analysis: Yes

Structure Type

Multi Family: Yes

Possession

Close Of Escrow: Yes
Negotiable: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes

Heating

Central: Yes
Separate Meters: Yes

Construction Materials

Block: Yes

Listing Terms

Cash: Yes
Conventional: Yes
Other: Yes

Roof

Flat: Yes
Tile: Yes

Cooling

Central Air: Yes

Showing Requirements

Appointment Only: Yes
Call Listing Agent: Yes

Tax Information

City/County: Yes

Listing Office: Compass Florida, LLC

Last Updated: July - 13 - 2026

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