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.

Key Features

  • Built in 2009
  • 2 stories
  • 2 parking spaces

Property Details

2 stories
2 spaces
2009

Amenities

A/C
Listing 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 estate fundamentals.

Monthly Cost Estimate

$37,437/mo

20% down · 6.5% · 30 years

Principal$5,062
Interest$30,333
Insurance$2,042

Estimates only. Actual payments may vary.

Location

1355 Drexel Ave

Miami Beach, FL 33139

SOBE VILLAGE CONDO

Property Details

Flooring

Concrete

Construction

Block

Heating

Central

Cooling

Central Air

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 $37,438 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 2009, 2 stories, 2 parking spaces.

This property is listed by Arthur Porosoff.

AP

Arthur Porosoff

License 3160379

Agent at Compass Florida LLC

Listed by Compass Florida LLC · Broker phone: (305) 851-2820 · View on Broker Site · Broker website

MLS# A11929268· Source: Miami REALTORS®· Added to PropertySimple today

Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1355 Drexel Ave, Miami Beach, FL 33139

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