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Homes for sale in Miami Beach
Quadruplex

1355 Drexel Ave

Miami Beach, FL 33139
$7,000,000
Sq ft
816
Year built
2009
Price per sq ft
$8,578

Listing courtesy of Arthur Porosoff, Compass Florida, LLC

About this home

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.

Details

Property

Type
Quadruplex
Building
Fourplex
Year built
2009
Stories
2
Building name
SOBE VILLAGE CONDO
Subdivision
SOBE VILLAGE CONDO
County
Miami-Dade County
Flood zone
AE

Interior

Flooring
Concrete
Cooling
Central Air
Heating
Central

Exterior and parking

Construction
Concrete Block Construction
Roof
Flat Tile

Community and fees

Annual taxes
$111,703
Terms
All Cash, Conventional

Neighborhood

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The data relating to real estate for sale or lease on this website comes in part from the Internet Data Exchange (IDX) program of MIAMI REALTORS® MLS. Listings are provided by participating brokers.

Information is deemed reliable but is not guaranteed and should be independently verified. It is subject to change and is provided for consumers’ personal, non-commercial use only, to identify properties they may be interested in. Listing last updated May 12, 2026.