1355 Drexel Ave, Miami Beach FL 33139,33139,Miami Beach,Miami-Dade County
- $7,000,000
1355 Drexel Ave, Miami Beach FL 33139,33139,Miami Beach,Miami-Dade County
- $7,000,000
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.
Overview
- Quadruplex
- 816 sqft
- 2009
- A11929268
Details
Actualizado en mayo 12, 2026 a 11:17 pm-
Property ID A11929268
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Price $7,000,000
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Property Size 816 sqft
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Year Built 2009
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Type Quadruplex
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Property Status Residential Income
Additional details
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ArchitecturalStyle Other
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BuildingAreaTotal 816
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BuildingAreaUnits Square Feet
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BuildingName SOBE VILLAGE CONDO
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ConstructionMaterials Concrete Block Construction
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ContractStatusChangeDate 2025-12-11
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Cooling Central Air
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DaysOnMarket 152
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DocumentsAvailable Financial Statement, Investment Analysis
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ExpirationDate 2026-12-10
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Flooring Concrete
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Heating Central
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InternetAddressDisplayYN 1
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InternetAutomatedValuationDisplayYN 1
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InternetConsumerCommentYN 1
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InternetEntireListingDisplayYN 1
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ListAOR A-Miami Association of REALTORS
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ListAgentDirectPhone 305-209-8866
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ListAgentEmail art@porosoff.com
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ListAgentFullName Arthur Porosoff
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ListAgentKey 3c1a4e405e777755a8d5cd54dfa6ac4d
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ListAgentMlsId 3160379
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ListAgentOfficePhone 305-851-2820
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ListAgentStateLicense 3160379
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ListOfficeKey 8a1a44b458b700716e0254a98b293ce2
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ListOfficeMlsId COMP01
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ListOfficeName Compass Florida, LLC
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ListOfficePhone 305-851-2820
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ListingAgreement Exclusive Right To Sell
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ListingContractDate 2025-12-11
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ListingKey 096d949eb27a5cb5251f13d97893eec3
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ListingTerms All Cash, Conventional
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LotFeatures Less Than 1/4 Acre Lot
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LotSizeSquareFeet 0
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MLSAreaMajor Sobe Village Condo
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MajorChangeTimestamp May 12, 2026 at 09:44pm
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MajorChangeType Price Decrease
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MlsStatus Active
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ModificationTimestamp May 12, 2026 at 09:44pm
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OnMarketDate 2025-12-11
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OriginalEntryTimestamp December 11, 2025 at 06:39pm
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OriginalListPrice 7250000
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OriginatingSystemID miamire
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OriginatingSystemKey miamire
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OriginatingSystemName Miami Association of REALTORS®
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OtherExpense 0
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ParcelNumber 02-32-34-183-0120
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ParkingTotal 2
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PhotosChangeTimestamp December 11, 2025 at 06:57pm
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PhotosCount 10
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Possession Negotiable
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PostalCodePlus4 8117
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PreviousListPrice 7250000
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PriceChangeTimestamp May 12, 2026 at 09:44pm
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PublicSurveyRange 32
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PublicSurveySection 34
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PublicSurveyTownship 32
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RentIncludes Hot Water, Trash Collection, Water
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Roof Flat Tile
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Sewer Public Sewer
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ShowingContactType Agent, Call Listing Office
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ShowingInstructions Appointment Only, Call Listing Agent, Call Listing Office
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SourceSystemKey 424214430
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StateOrProvince FL
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StatusChangeTimestamp December 11, 2025 at 06:39pm
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Stories 2
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StoriesTotal 2
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StreetName Drexel Ave
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StreetNumber 1355
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StreetNumberNumeric 1355
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StructureType Quadruplex, Fourplex
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SyndicationRemarks 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.
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TaxAnnualAmount 111703
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TaxLegalDescription SOBE VILLAGE CONDO UNIT 4 BLDG 1355 UNDIV 7.96% INT IN COMMON ELEMENTS OFF REC 24443-2198
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TaxYear 2025
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YearBuiltDetails Resale
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Zoning 6400
Features
Address
Open on Google Maps-
Address: Drexel Ave
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City: Miami Beach
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State/county: Miami-Dade County
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Zip/Postal Code: 33139
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Area: SOBE VILLAGE CONDO
