Premier Brokers International
1355 Drexel Avenue, Miami Beach, FL 33139
ActiveMLS listing sourceMIAMI REALTORS® MLS
ActiveMLS® A11929268
$7,000,000

1355 Drexel Avenue, Miami Beach, FL 33139

Beds
—
Baths
0
Sqft
816
Est. payment$49,130/mo
Home type
Quadruplex
Year built
2009
Lot size
—
Price / sqft
$8,578
HOA
—
Community
SOBE VILLAGE CONDO

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.

Listing activity

Days on market
323
Listed
Dec 11, 2025
MLS listing updated
Oct 30, 2026
Feed last checked
14 minutes ago

Listed by Arthur Porosoff · Compass Florida, LLC

Map

Map location is based on MLS-supplied coordinates. Verify the location before relying on it.

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms
0
Bathrooms (decimal)
0

Rooms & features

Flooring
Concrete

Heating & cooling

Heating
Separate Meters, Central
Cooling
Central Air
Property

Exterior

Stories
2
Building area
816 sqft
Pool
No
Waterfront property
No

Lot

Zoning
6400
Construction

Type & style

Home type
Quadruplex
Structure type
Multi Family
Year built
2009
New construction
No

Materials

Construction
Block
Roof
Flat, Tile
Property condition
Resale
Utilities & green energy

Utilities

Sewer
Public Sewer
Utilities
Cable Available
Community & HOA

Community

Subdivision
SOBE VILLAGE CONDO
MLS area
2320

Association

Has association
No
Lease details

Not reported by the listing source.

Location

Area details

City
Miami Beach
County
Miami-Dade
ZIP code
33139
Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number
A11929268
Possession
Close Of Escrow, Negotiable
Original list price
$7,250,000
Parcel number
0232341830120
Annual property tax
$111,703
Tax year
2025
Tax legal description
SOBE VILLAGE CONDO UNIT 4 BLDG 1355 UNDIV 7.96% INT IN COMMON ELEMENTS OFF REC 24443-2198
Additional MLS details

Reported by the listing source

Association
No
Bathrooms Total Decimal
0
Bathrooms Total Integer
0
Building Area Total
816
Construction Materials
Block
County Or Parish
Miami-Dade
Days On Market
323
Elementary School
Miami Beach Fienberg / Fisher K-8
High School
Miami Beach
List Price
7000000
Listing Contract Date
2025-12-11
Living Area
816
MLSArea Major
2320
Mls Status
Active
On Market Date
2025-12-11
Photos Count
10
Postal Code
33139
Price Change Timestamp
2026-05-12T22:44:02Z
Property Sub Type
Quadruplex
Property Type
Residential Income
Standard Status
Active
State Or Province
FL
Status Change Timestamp
2025-12-11T18:48:03Z
Stories Total
2
Subdivision Name
SOBE VILLAGE CONDO
Tax Annual Amount
111703
Pool Private
No
Waterfront
No

Market value

Automated estimate—No licensed valuation source connected
Estimated sales range—Ask Karim for a local market analysis
Estimated rent—No licensed rental valuation source connected

Price history

DateEventPrice
Dec 11, 2025ListedMIAMI REALTORS® MLS$7,250,000$8,885/sqft
May 12, 2026Price reducedMIAMI REALTORS® MLS$7,000,000$8,578/sqft

Public tax history

YearProperty taxesAssessment
2025$111,703—

Payment calculator

Estimated monthly payment$49,130/moIllustrative estimate, not a loan offer.
Principal & interest
$36,321
Property taxes
$9,309
Insurance
$3,500
Association dues
—

Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.

Neighborhood

Area

SOBE VILLAGE CONDO

Miami Beach · Miami-Dade County · 33139

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

Miami Beach Fienberg / Fisher K-8Elementary
—
Miami BeachHigh
—
School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

Nearby homes

12 homes

Similar homes

11 homes
MLS listing source

MIAMI REALTORS® MLS · Listing courtesy of Compass Florida, LLC. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use and may be used only to identify prospective properties they may be interested in purchasing or leasing. Terms of use · Equal Housing Opportunity.