Active Residential Income IDX

1355 Drexel Ave

1355 Drexel Ave, Miami Beach, FL 33139
$7,000,000
816 sqft Area
2 Floors
2009 Built
MLS #: 11618120

About this property

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.

Property Details

Financial
Annual taxes
$111,703 (2025)
Exterior & Lot
Roof
Tile, Flat
Utilities
Sewer
Other
Listing Details
Property type
Residential Income
County
Miami-Dade
Subdivision
Sobe Village Condo
More Details
Previous list price
$7,250,000
Original list price
$7,250,000
Above grade finished area
816 sqft
Furnished
Unfurnished
Listing Information
Listing courtesy of
Compass Florida, LLC · 305-851-2820
Listing agent
Arthur Porosoff
MLS #
11618120
Status
Active

Contact

Herdine Nicholson · Mainsail Real Estate®

+1 305 414 1438 · info@mainsailre.com

1111 Brickell Ave, FL 12 Ste 148, Miami, FL 33131

https://mainsailre.com/idx-listing/?idx_pg=111&listing=11618120

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Listing courtesy of Compass Florida, LLC · 305-851-2820

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