1355 Drexel Ave, Miami Beach, FL 33139

$7,000,000
816
SqFt

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List Price
$7,000,000
Price Change
▼ $250,000 1778641050
MLS
A11929268
Complex Name
Sobe Village Condo
Status
ACTIVE
Type
Multifamily
Living Area
816

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.

Additional Information

Days on Market
228
Style
Quadruplex, Fourplex
#Parking Spaces
2
Year Built
2009
Development Name
Sobe Village Condo
#Stories
2
Construction Type
Concrete Block Construction
Section
34

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Calculator source: Real Geeks

Listing Courtesy of Compass Florida, LLC, Contact: 305-209-8866