1355 Drexel Ave, Miami Beach FL 33139 | Miami-Dade County | A11929268

1355 Drexel Ave, Miami Beach FL 33139

Active Residential Income Active

$7,000,000

5 More

Type
Quadruplex

816 Sq Ft
Area Size

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Active Residential Income Active

1355 Drexel Ave, Miami Beach FL 33139 | Miami-Dade County | A11929268

1355 Drexel Ave, Miami Beach FL 33139

$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.

Property Overview

This is a 18-unit short-term rental property located in the SOBE VILLAGE CONDO at 1355 Drexel Ave, Miami Beach. The building was constructed in 2009 and has a total living area of 816 square feet. It’s a quadruplex offered for sale at $7,000,000. Each unit includes a full kitchen, Wi-Fi and cable, and modern interior finishes designed to appeal to today’s travelers. Onsite or in-unit laundry is available, and the building has been maintained to support both remote and on-site management. This makes it well-suited for managing high occupancy with minimal hassle. The property is located just steps from Ocean Drive, Collins Avenue, and Lincoln Road—key thoroughfares in a vibrant, walkable part of Miami Beach. Legal short-term rental zoning is in place, and the building has a proven track record of consistent performance. With strong demand and limited supply, this is a rare opportunity for investors looking for a high-yield, cash-flow asset in a top-performing real estate market.

Frequently Asked Questions

Can I use the units for short-term rentals?

Yes, the property is zoned for legal short-term rentals and has a proven operational track record.

How many units are in the building?

The building has 18 units, and this listing is for a quadruplex.

Where is the property located?

The property is located at 1355 Drexel Ave, Miami Beach, FL 33139, just steps from Ocean Drive, Collins Avenue, and Lincoln Road.

What year was the building constructed?

The building was constructed in 2009.

What is the total living area for the quadruplex?

The total living area for the quadruplex is 816 square feet.

Is this a good investment in the current market?

With strict regulations limiting new short-term rental supply and growing tourism demand, this property presents a resilient, high-yield cash-flow opportunity.