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Pinnacle Real Estate Group – FL

1355 Drexel Avenue, Miami Beach, FL 33139 (MLS# A11929268)

1355 Drexel Avenue, Miami Beach, FL 33139

$7,000,000
Property Type: Residential Income Square Footage: 816 Status: Active
Current Price: $7,000,000 List Date: 12/11/2025 Last Modified: 7/13/2026

Overview

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 esta ...

Listing Details MLS# A11929268

General Property Information

Property Sub Type
Quadruplex
Building Area Main
816
Living Area Main
816
Adjusted Area Main
816
Year Built
2009
Parking Total
2
Stories Total
2
Pool Private YN
No

Property Features

Documents Available: Financial Statement; Investment Analysis Flooring: Concrete Property Condition: Resale Structure Type: Multi Family Construction Materials: Block Cooling: Central Air Heating: Central; Separate Meters Listing Terms: Cash; Conventional; Other Possession: Close Of Escrow; Negotiable Roof: Flat; Tile Sewer: Public Sewer Tax Information: City/County Utilities: Cable Available Showing Requirements: Appointment Only; Call Listing Agent

Contract Information

Comp Sale YN
No
Original List Price
7250000

Location and Legal

Country
United States
County Or Parish
Miami-Dade
County Parish Name
Miami-Dade
Street Number
1355
Street Name
Drexel
Street Suffix
Avenue
City Name
Miami Beach
Municipal Code
2
State Or Province
FL
Postal Code
33139
Postal Code +4
8117
Postal Zip
33139
Subdivision Name
SOBE VILLAGE CONDO
Area
2320
Elementary School
Miami Beach Fienberg / Fisher K-8
High School
Miami Beach
Parcel Number
0232341830120
Subdivision Number
183
Zoning
6400
Flood Zone
AE

Financial Information

Tax Annual Amount
111703
Tax Year
2025
Tax Legal Description
SOBE VILLAGE CONDO UNIT 4 BLDG 1355 UNDIV 7.96% INT IN COMMON ELEMENTS OFF REC 24443-2198

Status Change Information

Major Change Timestamp
2026-05-12T22:44:02Z
Major Change Type
Price Reduced
Price Change Timestamp
2026-05-12T22:44:02Z
Status Change Date
2025-12-11

More Information

Section Details

Parcel Number MLX
0120

Originating Details

Originating System Key
424214430
Originating System ID
M00000151
IDX
Listing Office: Compass Florida, LLC
Last Updated: July - 13 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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