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About This Home
This 0-bedroom, 0-bathroom multi-family at 1355 Drexel Ave in Miami Beach, FL is listed for $7,000,000 ($8,578 per sqft). Built in 2009, the home offers 816 sqft of living space on a N/A lot.
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.
Key Features
- Built in 2009
- 2 parking spaces
Property Details
Monthly Cost Estimate
$37,437/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1355 Drexel Ave
Miami Beach, FL 33139
Sobe Village Condo
Property Details
Flooring
Construction
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom multi-family at 1355 Drexel Ave is listed at $7,000,000 ($8,578/sqft). The estimated monthly payment is $30,333 based on 20% down at 6.5% interest.
Key features include: Built in 2009, 2 parking spaces.
This property is listed by Arthur Porosoff and can be reached at 3052098866 or art@porosoff.com.
