The Drake Unit 308 For Sale
Property Details
| Asking Price | $395,000 |
|---|---|
| Price per SqFt | $718 |
| Maintenance Fee | $831 Monthly |
| Property Taxes | $4,300 2025 |
| Interior Space | 550 SqFt |
| Beds/Baths | 1/1 |
| Furnished | Yes |
| Year Built | 1937 |
| MLS # | A12105907 |
Location
From the listing
Welcome to The Drake Condo, an iconic Art Deco building in the heart of South Beach! This beautifully renovated and fully furnished 1-bedroom, 1-bathroom residence features premium finishes, brand-new appliances, new flooring, and modern upgrades throughout. Bright and inviting, the unit is move-in ready and perfectly situated on the famous Ocean Drive, directly across from the beach and steps from some of Miami Beach’s best restaurants, boutiques, shopping, and entertainment. The building has also been tastefully renovated, adding to its charm and appeal. The unit can be rented immediately, with 90-day rentals allowed up to 4 times per year. Whatever you’re looking for a primary residence, vacation retreat, or investment opportunity, this property offers the perfect combination of style, comfort, and location. Experience the best of the South Beach lifestyle at The Drake Condo!
Listed by Luxe Properties
What It Costs to Own
Monthly, before a mortgage and insurance
Maintenance $831 a month; taxes $4,300 for 2025. MLS figures, which may not be accurate.
Sales History for This Unit · The Drake Unit 308
| Sale ⇅ | Sold Price ⇅ | Closed Date ⇅ |
|---|---|---|
| A11355935 | $272,000 | 4/19/23 |
What Other Units Have Been Selling For at The Drake
3 units sold at The Drake in the last 12 months at an average of $452/SqFt · This unit (308) is asking $718/SqFt
Below, the most recent sales most like this unit: units with the same bedroom count.
| Unit ⇅ | Sold Price ⇅ | % of Ask ⇅ | Closed Date ⇅ |
|---|---|---|---|
| 308 | $272,000$495/SqFt | 89% | 4/19/23 |
| 309 | $225,000$500/SqFt | 89% | 10/21/20 |
| 409 | $212,000$471/SqFt | 82% | 8/13/19 |
| 409 | $245,000$480/SqFt | 88% | 1/27/17 |
| 409 | $230,000$434/SqFt | 92% | 8/27/13 |
| 401 | $350,000$461/SqFt | 84% | 1/7/13 |
For a full analysis of past sales in this building, contact Mark Zilbert.
Listed by Luxe Properties. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in Miami Beach and throughout South Florida.
Ask Mark About This Listing
The Drake Unit 308, 1460 Ocean Dr · MLS A12105907 · $395,000
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The curated data and calculated data for this property and its surrounding condo units and homes is based solely on data we have extracted from the MLS. There may be unpublished, private, quit claim and other property offerings and transfers that do not appear here, which may affect how a buyer or seller perceives property values. Always conduct proper due diligence when considering buying or selling property.
More at The Drake
At The Drake, 5 units are for sale and 3 sold in the last 12 months at an average of $452 per SqFt. Unit 308 asks $718 per SqFt, above the building's recent sold average. Figures compiled by Mark Zilbert, a Miami Beach real estate agent with ONE Sotheby's International Realty, from MLS records.