SOBE VILLAGE CONDO
1355 Drexel Ave, Miami Beach FL 33139
816 ft²
816
Sq. Ft.
2009
Year Built
2
Stories
152
Days on Market
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.
Facts
- MLS#
- A11929268
- Subdivision
- SOBE VILLAGE CONDO
- Property Type
- Residential Income
- Property Sub Type
- Quadruplex
- Year Built
- 2009
- Lot Size
- 0 sqft
- Sq. Ft.
- 816 ft²
- Sq. Mt.
- 76 m²
- Price per sq. ft.
- $8,578/ft²
- Price per sq. mt.
- $92,105/m²
- Stories
- 2
- Garage
- —
- Pool
- —
- Days on Market
- 152 days
- Listed
- Dec 11, 2025
- Last Updated
- May 12, 2026
- Price/Lot Sq.Ft.
- —
Comparable homes
Same ZIP, similar price + bedrooms.
Market insights for Miami Beach
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Buyers market
May 2026
30
Median days to sold
-1.2%
1-year price forecast (est.)
Price & tax history
From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).
| 5/12/2026 | Price change | $7,000,000-3.4% |
| 12/11/2025 | Listed for sale | $7,250,000 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
GreatSchools Summary Ratings
Public + private K-12 schools within 5 miles of this listing.
Alphabet Soup Learning CenterPK,KG,1 · private · 0.3 mi
- Happy Memories Learning Center 2
PK,KG,1,2,3 · private · 0.3 mi
- Pinecrest Preparatory Academy
KG,1,2,3,4,5 · charter · 0.5 mi
- G. Holmes Braddock Senior High School
PK,9,10,11,12 · public · 0.6 mi
- Florida School of Excellence
9,10,11,12 · private · 0.6 mi
- Future Leaders Of World Dc
PK,KG · private · 0.7 mi
- International School of Miami
KG,1 · private · 0.7 mi
- International School Of Miami
KG,1,2 · private · 0.7 mi
- Kids Adventure Learning Center
PK,KG,1,UG · private · 0.7 mi
- Mother Of Christ Catholic School
KG,1,2,3,4,5,6,7,8 · private · 0.7 mi
Data provided by GreatSchools.org © 2026. All rights reserved.Estimated Monthly Payment
$43,240/mo
Principal & Interest
$37,257
Property Tax
$5,833
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.
Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.
Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.
Updated within 24 hours
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