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.

Address

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Address: Drexel Ave
City: Miami Beach
State/county: Miami-Dade County
Zip/Postal Code: 33139
Area: SOBE VILLAGE CONDO

Details

Updated on December 11, 2025 at 11:03 pm

Property ID A11929268
Price $7,250,000
Property Size 816 Square Feet
Year Built 2009
Type Quadruplex
Property Status Residential Income

Additional details

ArchitecturalStyle Other
BuildingAreaTotal 816
BuildingAreaUnits Square Feet
BuildingName SOBE VILLAGE CONDO
ConstructionMaterials Concrete Block Construction
ContractStatusChangeDate 2025-12-11
Cooling Central Air
DaysOnMarket 0
DocumentsAvailable Financial Statement, Investment Analysis
ExpirationDate 2026-12-10
Flooring Concrete
Heating Central
InternetAddressDisplayYN 1
InternetAutomatedValuationDisplayYN 1
InternetConsumerCommentYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 305-209-8866
ListingTerms All Cash, Conventional
LotFeatures Less Than 1/4 Acre Lot
LotSizeSquareFeet 0
MLSAreaMajor Sobe Village Condo
MajorChangeTimestamp December 11, 2025 at 06:39pm
MajorChangeType New
MlsStatus Active
ModificationTimestamp December 11, 2025 at 11:00pm
OnMarketDate 2025-12-11
OriginalEntryTimestamp December 11, 2025 at 06:39pm
OriginalListPrice 7250000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 02-32-34-183-0120
ParkingTotal 2
PhotosChangeTimestamp December 11, 2025 at 06:57pm
PhotosCount 10
Possession Negotiable
PostalCodePlus4 8117
PriceChangeTimestamp December 11, 2025 at 06:39pm
PublicSurveyRange 32
PublicSurveySection 34
PublicSurveyTownship 32
RentIncludes Hot Water, Trash Collection, Water
Roof Flat Tile
Sewer Public Sewer
ShowingContactType Agent, Call Listing Office
ShowingInstructions Appointment Only, Call Listing Agent, Call Listing Office
SourceSystemKey 424214430
StateOrProvince FL
StatusChangeTimestamp December 11, 2025 at 06:39pm
Stories 2
StoriesTotal 2
StreetName Drexel Ave
StreetNumber 1355
StreetNumberNumeric 1355
StructureType Quadruplex, Fourplex
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.
TaxAnnualAmount 111703
TaxLegalDescription SOBE VILLAGE CONDO UNIT 4 BLDG 1355 UNDIV 7.96% INT IN COMMON ELEMENTS OFF REC 24443-2198
TaxYear 2025
YearBuiltDetails Resale
Zoning 6400