ActiveMLS® A12105907

$395,000

1460 Ocean Drive 308, Miami Beach, FL 33139

Beds: 1
Baths: 1
Sqft: 550

Est. payment$3,437/mo

Home type: Condominium
Year built: 1937
Lot size: —
Price / sqft: $718
HOA: $831/mo
Community: THE DRAKE CONDO

Property description

Welcome to The Drake Condo, an iconic Art Deco building in the heart of South Beach! This beautifully renovated and fully furnished 1-bedroom, 1-bathroom residence features premium finishes, brand-new appliances, new flooring, and modern upgrades throughout. Bright and inviting, the unit is move-in ready and perfectly situated on the famous Ocean Drive, directly across from the beach and steps from some of Miami Beach’s best restaurants, boutiques, shopping, and entertainment. The building has also been tastefully renovated, adding to its charm and appeal. The unit can be rented immediately, with 90-day rentals allowed up to 4 times per year. Whatever you’re looking for a primary residence, vacation retreat, or investment opportunity, this property offers the perfect combination of style, comfort, and location. Experience the best of the South Beach lifestyle at The Drake Condo!

Listing activity

Days on market: 18
Listed: Oct 13, 2026
MLS listing updated: Oct 31, 2026
Feed last checked: Just now

Listed by Maria Gessica Sforza · Luxe Properties

Map

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

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 1
Bathrooms (decimal): 1
Full bathrooms: 1
Half bathrooms: 0

Rooms & features

Rooms: 0
Interior features: Kitchen Island
Flooring: Laminate
Appliances: Dishwasher, Disposal, Dryer, Electric Range, Ice Maker, Microwave, Refrigerator, Washer
Furnished: Furnished

Heating & cooling

Heating: Central
Cooling: Central Air

Property

Parking

Garage spaces: 0
Carport spaces: 0
Covered spaces: 0
Parking features: On Street
Attached garage: No

Exterior

Stories: 4
Building area: 550 sqft
Entry level: 1
Exterior features: Courtyard
View: Garden
Waterfront: None, Ocean
Waterfront property: Yes

Lot

Road frontage: East of US-1

Construction

Type & style

Home type: Condominium
Year built: 1937
New construction: No

Materials

Construction: Block
Property condition: Resale

Utilities & green energy

Not reported by the listing source.

Community & HOA

Community

Subdivision: THE DRAKE CONDO
MLS area: 2320
Security: Entry - Phone/Intercom, Key Card Entry
Pets allowed: Yes
55+ community: No

Association

Has association: Yes
Association fee: $831 monthly
Estimated monthly dues: $831
Amenities: Elevator(s), Laundry, Lobby
Services included: Cable TV, Common Areas, Elevator, Insurance, Maintenance Structure, Sewer, Trash, Water

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: A12105907
Possession: Negotiable
Original list price: $395,000
Parcel number: 0232340820180
Annual property tax: $4,300
Tax year: 2025
Tax legal description: THE DRAKE CONDO UNIT 308 UNDIV 2.311 % INT IN COMMON ELEMENTS OFF REC 15838-2934 OR 15847-4026 0393 1 COC 24079-3999 11 2005 1

Additional MLS details

Reported by the listing source

Association Amenities: Elevator(s), Laundry, Lobby
Association Fee Frequency: Monthly
Association Fee Includes: Cable TV, Common Areas, Elevator, Insurance, Maintenance Structure, Sewer, Trash, Water
Association: Yes
Bathrooms Total Decimal: 1
Bathrooms Total Integer: 1
Building Area Total: 550
Construction Materials: Block
County Or Parish: Miami-Dade
Days On Market: 18
Elementary School: Miami Beach Fienberg / Fisher K-8
High School: Miami Beach
List Price: 395000
Listing Contract Date: 2026-10-13
Living Area: 550
MLSArea Major: 2320
Mls Status: Active
On Market Date: 2026-10-13
Photos Count: 32
Postal Code: 33139
Property Sub Type: Condominium
Property Type: Residential
Road Frontage Type: East of US-1
Rooms Total: 0
Security Features: Entry - Phone/Intercom, Key Card Entry
Senior Community: No
Standard Status: Active
State Or Province: FL
Status Change Timestamp: 2026-10-13T04:00:00Z
Stories Total: 4
Subdivision Name: THE DRAKE CONDO
Waterfront Features: None, Ocean
Tax Annual Amount: 4300
Bathrooms Full: 1
Bedrooms Total: 1
Bathrooms Half: 0
Financial Information: Estimated Monthly Assoc Recurring Fee: 831

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

Date	Event	Price
Oct 13, 2026	ListedMIAMI REALTORS® MLS	$395,000$718/sqft

Public tax history

Year	Property taxes	Assessment
2025	$4,300	—

Payment calculator

Estimated monthly payment$3,437/moIllustrative estimate, not a loan offer.

Loan typeDown payment (%)Interest rate assumption (%)Loan termInsurance / month

Principal & interest: $2,050
Property taxes: $358
Insurance: $198
Association dues: $831

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

THE DRAKE 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