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Alex Mendel

alex@mendelgroupfl.com +1(561) 827-8449

$ 7,000,000

Est. payment -/mo

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Price Dropped by $250K

1355 Drexel Ave Miami Beach, FL 33139

816 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 816 sqft

Price per Sqft $8,578

Subdivision Sobe Village Condo

MLS Listing ID A11929268

Style Fourplex

HOA Y/N No

Year Built 2009

Annual Tax Amount $111,703

Tax Year 2025

Property Sub-Type Quadruplex

Property 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.

Location

State FL

County Miami-dade

Community Sobe Village Condo

Area 32

Interior

Heating Central

Cooling Central Air

Flooring Concrete

Exterior

Pool None

Utilities Available Cable Available

Roof Type Flat,Tile

Total Parking Spaces 2

Private Pool No

Building

Lot Description < 1/4 Acre

Story 2

Sewer Public Sewer

Architectural Style Fourplex

Level or Stories Two

Structure Type Block

Others

Tax ID 02-32-34-183-0120

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11929268

Miami Association of Realtors (SEFMIAMI MLS)

Listed by Compass Florida, LLC

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Alex Mendel

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+1(561) 827-8449

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Alex Mendel

1355 Drexel Ave Miami Beach, FL 33139

Key Details

Location

Interior

Exterior

Building

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1355 Drexel Ave