Multifamily in Miami Beach, FL 33139
1355 Drexel Ave #4

$7.3M3.4%
$7,000,000
816
SqFt
Status
Active
Size
816 SqFt (76 m2)
Price
$8,578/SqFt ($92,338/m2)
Type
Multifamily
Built
2009
MLS Number
A11929268
On Site
278 Days
Updated
126 Days ago
Page Views
0
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.

Features

Bedrooms
    Bathrooms
      Exterior and Lot Features
        Interior, Heating and Cooling
        • Heating Description: Central
        • Cooling Description: CentralAir
        Building and Construction
        • Floor Description: Concrete
        • Year Built: 2009
        • Year Built Description: Resale
        • Style: Fourplex
        Waterfront and Water Access
        • Waterfront Frontage: No info
        School Information
          Other Property Info
          • Listing Date: 2025-12-11T13:39:52.000-00:00
          Taxes, Fees & More
          • Taxes: 111703

          Apples-to-Apples Comparables

           Closest-Match Comparables
          See closest-match comps for this subdivision
          No obligation
          Verified
          Trends
          Insights
          Best of Luxury Realty
          Talk to a local advisor
          Licensed advisors answering your questions across Miami Beach, FL
          01
          Licensed Brokerage
          02
          Local Advisors
          03
          Direct Answers
          Exclusive real estate service partner

          Price History

          Current
          $7M
          High
          $7.3M
          Low
          $7M
          Total Change
          -3.4%
          $7.3M$7.1M$7MDec 25May 26
          Date
          Event
          Price
          Change
          Price Per
          05/12/2026
          Price Reduced
          $7M
          -3.45%
          $8,578 ft2
          $92,338 m2
          12/11/2025
          Listed
          $7.3M
           
          $8,885 ft2
          $95,636 m2
          05/12/2026
          $7M
          Event
          Price Reduced
          Change
          -3.45%
          Price Per
          $8,578 ft2
          $92,338 m2
          12/11/2025
          $7.3M
          Event
          Listed
          Price Per
          $8,885 ft2
          $95,636 m2
          Price per square foot and days on website are not provided values and are calculated by Subdivisions.
          Listed by Arthur PorosoffCompass Florida, LLC • Buyer Agency Compensation .

          Listing Location & Street View
          MapStreet View

          Peer Listings

          Active listings from matched communities
          Results 0 of 0
          No listings found
          Try adjusting your filters or changing your location to see available listings
          Turn on listing alerts and we'll notify you
          when matching listings appear