Quadruplex
1355 Drexel Ave
1355 Drexel Ave, Miami Beach FL 33139
$7,000,000
816 SqFt
See estimated monthly costThis listing is courtesy of Compass Florida, LLC. Arthur Porosoff 305-209-8866
Overview
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 & features
Interior
- Living area (sq ft)
- 816
Building & exterior
- Year built
- 2009
Taxes
- Annual tax
- $111,703
- Tax year
- 2025
- Parcel number
- 02-32-34-183-0120
Listing
- MLS number
- A11929268
- Property type
- Quadruplex
- Price per SqFt
- $8,578
- Subdivision
- SOBE VILLAGE CONDO
- On market since
- Dec 11, 2025
- Days on market
- 177
Estimated monthly cost
$49,954 per month
- Principal & interest (30 yr)
- $35,396
- Property tax
- $9,309
- Insurance (estimated)
- $5,250
An estimate for comparison only — not a loan offer, a quote, or a commitment to lend. Actual taxes, insurance and financing terms will differ.
Location
Nearby schools
- Miami Beach Fienberg/Fisher K-8 Center
- Miami Beach Adult & Community Education Center
- Lubavitch Educational Center - Yeshiva Gedolah
- Lincoln-Marti Community Agency 41
- BaseCamp 305 Jr
- Miami Beach South Pointe Elementary
- Miami Beach Senior High
- South Pointe Elementary School
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