$7,000,000
$250K PRICE DROP

1355 Drexel Ave Miami Beach, FL 33139

Flamingo Neighborhood

Estimated payment $47,857/month

Total Views 4,272
-- Bed
-- Bath
816 Sq Ft
$8,578 Price per Sq Ft

Highlights

  • No HOA
  • Central Heating and Cooling System
  • Concrete Flooring

About This Home

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.

Listing Agent

Arthur Porosoff

Compass Florida, LLC License #3160379 Listed on: 12/11/2025

Compass Florida, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $111,703

Year Built

  • Built in 2009

Parking

  • 2 Parking Spaces

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Tile Roof

Interior Spaces

  • 816 Sq Ft Home
  • 2-Story Property
  • Concrete Flooring

Schools

  • Miami Beach Fienberg / Fisher K-8 Elementary School
  • Miami Beach High School

Utilities

  • Central Heating and Cooling System
  • Separate Meters
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Sobe Village Condo Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0232341830120

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$111,703

Year Built

Built in 2009

Lot Details

0 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Property Sub Type Additional: Quadruplex
  • Year Built: 2009
  • New Construction: No
  • Structure Type: Multi Family
  • DelayedMarketingYN: No
  • Special Features: VirtualTour

Interior Features

  • Flooring: Concrete
  • Living Area: 816.0
  • Stories: 2

Exterior Features

  • Pool Private: No
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Flat, Tile

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Separate Meters
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Miami Beach Fienberg / Fisher K-8
  • High School: Miami Beach

Lot Info

  • Parcel #: 0232341830120
  • Mobile Dim Units: Feet
  • Zoning: 6400

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 111703.0

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/11/2025 12/11/25 For Sale $7,250,000 -- $8,885 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: A11929268

BeachesMLS (Greater Fort Lauderdale)

APN: 02-3234-183-0120

Florida Miami/Dade County Miami Beach 33139 Flamingo

1355 Drexel Ave, Miami Beach, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS (Greater Fort Lauderdale) All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Arthur Porosoff
Listing Agent
Arthur Porosoff
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Compass Florida, LLC
(305) 733-6066
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