1355 Drexel Avenue, Miami Beach, FL 33139

$7,000,000
816
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$7,000,000
Days on Market
246
MLS#
A11929268
Year Built
2009
Living Area
816
MLS Area Major
2320

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

Taxes
$111,703
Utilities
Cable Available
Heating
Central, Separate Meters
Air Conditioning
Central Air
Exterior Construction
Block
Roof
Flat, Tile
Elementary School
Miami Beach Fienberg / Fisher K-8
High School
Miami Beach

Listing courtesy of Compass Florida, LLC.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks