THE DRAKE CONDO

1460 Ocean Dr # 404, Miami Beach FL 33139

3 beds · 3 baths · 1,360 ft²

For Sale · Active Listing

$4,700

Est. Payment $25/mo

MLS Sheet Video

3

Bedrooms

3

Bathrooms

1,360

Sq. Ft.

1937

Year Built

4

Stories

7

Days on Market

Description

Beautifully renovated 3-bedroom, 2.5-bath corner residence with a den/home office, ideally located on iconic Ocean Drive directly across from the beach. This bright and spacious home features a modern kitchen, updated bathrooms, abundant natural light, and the charm of a beautifully renovated Art Deco boutique building. Enjoy the best of South Beach living just steps from the beach, boardwalk, world-class dining, cafés, shopping, and nightlife. Washer/dryer in the building. Residential street parking available with a City of Miami Beach permit. MINIMUN 30 DAYS RENTALS. *** NO AVAILABLE DEC 26 TO MARCH 31, 2027 ***

Facts

MLS#
A12059501
Subdivision
THE DRAKE CONDO
Property Type
Residential Lease
Property Sub Type
Condominium
Year Built
1937
Lot Size
0 sqft
Sq. Ft.
1,360 ft²
Sq. Mt.
126 m²
Price per sq. ft.
$3/ft²
Price per sq. mt.
$37/m²
Stories
4
Garage
Pool
Days on Market
7 days
Listed
Aug 6, 2026
Last Updated
Aug 13, 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.

Sellers market

August 2026

100/100
Buyers marketSellers market

35

Median days to sold

+4.5%

1-year price forecast (est.)

Price & tax history

From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).

8/6/2026Listed for sale$4,700

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Location

1460 Ocean Dr # 404, Miami Beach FL 33139Directions

Affordability

What you'd typically need to qualify for this rental under the standard 30% rule.

$15,667

gross income / month to qualify

Monthly rent$4,700
Required annual income$188,000
Security deposit (est.)$4,700
Move-in cost (1st + last + security)$14,100

Based on the 30% rule (rent ≤ 30% of gross monthly income). Move-in estimate assumes first month + last month + one month security; landlord requirements vary.

Rangely Adames

Rangely Adames

Sales Associate | Sunland Group

Hablo Español

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

Similar listings nearby

More homes in Miami Beach around $4,700.

Call NowWhatsApp