$7,000,000

1355 DREXEL AVE, MIAMI BEACH, FL 33139

0 baths816 sq ft2 to 4 unitsBuilt 2009
Updated today, November 3, 2026

This home against Miami Beach

$8,578 per sq ft, 1118% over the Miami Beach median
328 days on the market
Price cut $250,000 since it was listed at $7,250,000
$111,703 in property taxes (2025)

Miami Beach today: 1,852 homes for sale, median list price $662,000.

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.

Zoned schools

Elementary: Miami Beach Fienberg/Fisher K-8 Center
Middle: Miami Beach Nautilus Middle School
High: Miami Beach Senior High School

From Miami-Dade County Public Schools attendance zones.

Near this home

Park: Polo Park, 0.9 mi
Beach: Miami Beach, 1.6 mi
Grocery: Publix, 1.1 mi

Distances from the center of MIAMI BEACH.

Listing courtesy of Compass Florida, LLC. MLS# A11929268.

Listing information is provided by the MLS and is deemed reliable but not guaranteed.

Listed December 10, 2025.

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