Property Details
| Asking Price | $390,000 |
|---|---|
| Price per SqFt | $438 |
| Maintenance fee | $1,410 Monthly |
| Property Taxes | $6,662 2025 |
| Interior Space | 890 SqFt |
| Beds/Baths | 2/1½ |
| Year Built | 1937 |
| MLS # | A12070366 |
Estimated Costs
An estimate of condo or HOA fees and property taxes
Fees and taxes based on MLS provided figures, and may not be accurate
From the listing
Charming two-story remodeled Art Deco residence at the historic The Drake Building, featured on the Art Deco tour and ideally located on iconic Ocean Drive. This unique 2-bedroom, 2-bathroom apartment offers two spacious bedrooms with abundant natural light, updated bathrooms, an open-concept living, dining and kitchen area, and beautiful terracotta floors throughout.Ideally situated at the quieter end of Ocean Drive, just steps from the beach, this residence offers a rare opportunity to enjoy the South Beach lifestyle while remaining slightly removed from the busiest part of the action.Currently rented for $3,000 per month, the property offers immediate income potential for investors, while also presenting an exceptional opportunity for a future owner-occupant looking to live on iconic Ocean Drive at an attractive price point.With its unique two-level layout, historic Art Deco character, prime location and proximity to the ocean, this is a rare opportunity in the heart of Miami Beach. Schedule your private showing today.
Listed by Corte Real Estate Group LLC
Sales History for This Unit · The Drake Unit 208
| Sale ⇅ | Sold Price ⇅ | Closed Date ⇅ |
|---|---|---|
| A11725498 | $120,000 | 2/27/26 |
| A2047115 | $355,000 | 8/11/15 |
What Other Units Have Been Selling For at The Drake
2 other units sold in the last 12 months at an average of $298/SqFt · This unit (208) is asking $438/SqFt
| Unit ⇅ | Sold Price ⇅ | % of Ask ⇅ | Closed Date ⇅ |
|---|---|---|---|
| 305 | $360,000$500/SqFt | 99% | 5/6/26 |
| 208 | $120,000$135/SqFt | 31% | 2/27/26 |
| 204 | $370,000$374/SqFt | 95% | 7/3/25 |
| 302 | $315,000$470/SqFt | 98% | 6/16/25 |
| 305 | $435,000$604/SqFt | 97% | 1/30/23 |
| 202 | $455,000$417/SqFt | 91% | 4/29/22 |
| 205 | $400,000$440/SqFt | 80% | 4/25/22 |
| 203 | $400,000$440/SqFt | 80% | 4/25/22 |
For a full analysis of past sales in this building, contact Mark Zilbert.
Listed by Corte Real Estate Group 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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Location
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
2 for sale · 3 sold in the last 12 months · building avg $452/SqFt sold, against this unit's $438 ask