1355 Drexel Avenue For Sale
Property Details
| Asking Price | $7,000,000 |
|---|---|
| Price per SqFt | $8,578 |
| Property Taxes | $111,703 2025 |
| Interior Space | 816 SqFt |
| Beds/Baths | —/— |
| Year Built | 2009 |
| Pool | No |
| MLS # | A11929268 |
Location
From the listing
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.
Listed by Compass Florida, LLC
What It Costs to Own
Monthly, before a mortgage and insurance
Taxes $111,703 for 2025. MLS figures, which may not be accurate.
Sales History for This Home · 1355 Drexel Avenue, Miami Beach, FL 33139
Sales history is unavailable for this property
Listed by Compass Florida, LLC. 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.
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1355 Drexel Avenue, Miami Beach · MLS A11929268 · $7,000,000
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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 There may be unpublished, private, quit claim and other property offerings and transfers that do not appear here, which may affect how a buyer or seller perceives property values.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.