Overview

Property ID: A11929268

Quadruplex
Property Type

816 Square Feet
Area Size

2009
Year Built

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.

Address

Open on Google Maps

Address: Drexel Ave
State/county: Miami-Dade County
Zip/Postal Code: 33139
Area: 2200 Fort Lauderdale Beac, 2200 FORT LAUDERDALE BEAC, AUBERGE BEACH RESIDE, 2200 FORT LAUDERDALE BEACH, 2711 Hollywood Beach Cond, 2711 HOLLYWOOD BEACH CONDO, 401 Blu Of North Beach Co, 4010 SOUTH OCEAN CONDO HO, HYDE BEACH HOUSE, 4010 SOUTH OCEAN CONDO, HYDE BEACH HOUSE, 4010 SOUTH OCEAN CONDO, Hyde Beach House Res, 4010 SOUTH OCEAN CONDO, Hyde House Beach Res, 4111 SOUTH OCEAN DRIVE CO, HYDE BEACH, 4111 SOUTH OCEAN DRIVE CO, HYDE BEACH RESIDENCE, Alton Beach Bay Front Re-, ALTON BEACH REALTY CO SUB, AMENDED PLAT OF BLKS 12 13, Deerfeild Beach Town, Apogee Beach Condominium, APOGEE BEACH CONDOMINIUM, APOGEE BEACH CONDOMI, Arlen Beach Condo, ARLEN BEACH CONDO, Arlene Beach, Atlantic Beach Villas, AUBERGE BEACH, Auberge Beach Residences &, Auberge Beach Residences &, Auberge Beach Reside, B, Barefoot Beach Villas, BAREFOOT BEACH VILLAS, Barefoot Beach Villa, Beach Club Condo, BEACH CLUB CONDO, Beach Club Tower I, Beach Club I, BEACH CLUB I CONDO, BEACH CLUB I, BEACH CLUB ONE, 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Deerfield Beach Gard, Drexel 15 Condo, EDGEWATER BEACH TOWERS CO, Edgewater Beach Towers Con, Ella Miami Beach, ELSINORE BEACH BOULEVARD, Five Park Miami Beach, Flamingo South Beach I Co, Flamingo South Beach I Con, Golden Beach Sec A, GOLDEN BEACH SEC B, GOLDEN BEACH SEC D, H20 DANIA BEACH, Hallandale Beach, Hampton Beach Club, Hampton Beach Club Condo, Harbor Beach, Harbor Beach Ext 31-13 B, Harbor Beach Extension, HARBOR BEACH EXTENSION, Breakwater Surf Club, Harbor Beach Inlet, HARBOR BEACH, Harbor Beach, Haynsworth Beach Sub, Hollywood Beach, HOLLYWOOD BEACH FIRST ADD, Hollywood Beach Gardens, Hollywood Beach Heights S, Hollywood Beach Heights Se, Hollywood Beach Park, HOLLYWOOD BEACH PARK, No Hoa, Hollywood Central Beach, Hyde Beach House, Icon Beach Residences, IL VILLAGGIO ON SOUTH BEAC, ISLAND CLUB OF SOUTH BEAC, Island Club Of South Beach, Jade Beach, Jade Beach Condo, JADE BEACH CONDO, Jade Beach Condo, LAKE BEACH CLUB CONDO, Las Olas Beach Club, Las Olas Beach Club Condo, Lauderdale Beach, Lauderdale Beach Estates, Lauderdale Beach Estates, Lauderdale Beach ext, Lauderdale Beach Ext, Lauderdale Beach Ext Unit, Leisure Beach, Leisure Beach South, LUCILLE ISLAND, Harbor Beach, Lyfe Beach Resort, Miami, Miami Beach Improvement C, Mosaic On Miami Beach, Mosaic On Miami Beach Con, No Miami Beach Manor, Normandy Beach 2nd Amd Pl, Normandy Beach 2nd Amende, North Beach Condo, North Beach Park, NORTH BISCAYNE BEACH AMEN, North Carillon Beach Cond, NORTH CARILLON BEACH COND, CARILLON, NORTH CARILLON BEACH COND, Carillon Beach Condo, North Carillon Beach Condo, North Pompano Beach Sec, North Pompano Beach Secti, Ocean Beach Addn No 3, Ocean Beach Fla Sub, OCEAN BEACH FLA SUB, Villa Sofia, Ocean Grande Beach & Mari, Ocean Grande Beach & Marin, OCEAN GRANDE BEACH & MARIN, OCEAN GRANDE, OCEAN GRANDE BEACH & MARIN, OCEAN GRANDE BEACH &, OCEAN GRANDE BEACH & MARIN, OCEAN GRANDE BEACH A, Ocean Grande Beach Club C, Ocean Point Beach Club Co, OCEAN POINT BEACH CLUB CO, OCEAN POINT BEACH CL, OCEAN WALK ON SOUTH BEACH, Orchid Beach Condo, Orchid Beach Condo, deerf, ORCHID BEACH CONDO, DEERF, ORCHID BEACH, ORCHID BEACH CONDO, ORCHID BEACH, Palm Beach Farms, PALM BEACH FARMS, SAVAQNNAH LANDINGS, Palm Yacht & Beach Club, Palm Yacht & Beach Club, Palm Yacht & Beach C, PARK BEACH CLUB CONDO, Pine Beach, Pine Beach Estates Sec 2, POINTE @ POMPANO BEACH CO, Pointe @ Pompano Beach Con, POINTE @ POMPANO BEACH CON, THE POINTE, POMPANO BEACH, Pompano Beach Club Condo, Pompano Beach Club North, Pompano Beach Club North C, Pompano Beach Estates, POMPANO BEACH HIGHLANDS, Pompano Beach Highlands 2, Pompano Beach Highlands 2n, Pompano Beach Highlands 7t, POMPANO BEACH HIGHLANDS 7T, Highlands, Pompano Beach Highlands 8, Pompano Beach Highlands 8t, Pompano Yacht & Beach Club, Positano Beach, POSITANO BEACH, Positano Beach, Rimini Beach Condo, Ritz-Carlton South Beach, Sabbia Beach, Sabbia Beach Condo, SABBIA BEACH CONDO, Sabbia Beach Condo, Sage Beach, Salato Pompano Beach, Silver Beach Condo One, SILVER BEACH CONDO ONE, SILVER BEACH CONDO, SOBE VILLAGE CONDO, Solemar Beach Condo, Solemar Beach Condos, South Carillon Beach Cond, SOUTH CARILLON BEACH COND, Carillon Wellness Re, The Aventura Beach Club, THE AVENTURA BEACH CLUB C, THE AVENTURA BEACH CLUB CO, THE COCONUT OF SOUTH BEAC, The Courts At South Beach, The Esplanade Beach Condo, The Waverly At South Beac, Tides On Hollywood Beach, Tides On Hollywood Beach C, Townhouses At Harbor Beach, URBAN VILLAGE AT 5TH AVE, Urbn Village on 5th, Virginia Beach Resort, VIRGINIA BEACH RESORT, VIRGINIA BEACH RESOR, W Pompano Beach, WEST DEERFIELD BEACH, White Sands Beach Homes I

Details

Updated on August 21, 2026 at 4:46 am

Property ID A11929268
Price $7,000,000
Property Size 816 Square Feet
Year Built 2009
Property Type Quadruplex
Property Status Active, Residential Income

Additional details

ArchitecturalStyle Other
BuildingAreaTotal 816
BuildingAreaUnits Square Feet
BuildingName SOBE VILLAGE CONDO
ConstructionMaterials Concrete Block Construction
ContractStatusChangeDate 2025-12-11
Cooling Central Air
DaysOnMarket 177
DocumentsAvailable Financial Statement, Investment Analysis
ExpirationDate 2026-12-10
Flooring Concrete
Heating Central
InternetAddressDisplayYN 1
InternetAutomatedValuationDisplayYN 1
InternetConsumerCommentYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 305-209-8866
ListAgentEmail art@porosoff.com
ListAgentFullName Arthur Porosoff
ListAgentKey 3c1a4e405e777755a8d5cd54dfa6ac4d
ListAgentMlsId 3160379
ListAgentOfficePhone 305-851-2820
ListAgentStateLicense 3160379
ListOfficeKey 8a1a44b458b700716e0254a98b293ce2
ListOfficeMlsId COMP01
ListOfficeName Compass Florida, LLC
ListOfficePhone 305-851-2820
ListingAgreement Exclusive Right To Sell
ListingContractDate 2025-12-11
ListingKey 096d949eb27a5cb5251f13d97893eec3
ListingTerms All Cash, Conventional
LotFeatures Less Than 1/4 Acre Lot
LotSizeSquareFeet 0
MajorChangeTimestamp May 12, 2026 at 09:44pm
MajorChangeType Price Decrease
MlsStatus Active
ModificationTimestamp May 12, 2026 at 09:44pm
OnMarketDate 2025-12-11
OriginalEntryTimestamp December 11, 2025 at 06:39pm
OriginalListPrice 7250000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 02-32-34-183-0120
ParkingTotal 2
PhotosChangeTimestamp December 11, 2025 at 06:57pm
PhotosCount 10
Possession Negotiable
PostalCode 33139
PostalCodePlus4 8117
PreviousListPrice 7250000
PriceChangeTimestamp May 12, 2026 at 09:44pm
PublicSurveyRange 32
PublicSurveySection 34
PublicSurveyTownship 32
RentIncludes Hot Water, Trash Collection, Water
Roof Flat Tile
Sewer Public Sewer
ShowingContactType Agent, Call Listing Office
ShowingInstructions Appointment Only, Call Listing Agent, Call Listing Office
SourceSystemKey 424214430
StateOrProvince FL
StatusChangeTimestamp December 11, 2025 at 06:39pm
Stories 2
StoriesTotal 2
StreetName Drexel Ave
StreetNumber 1355
StreetNumberNumeric 1355
StructureType Quadruplex, Fourplex
SyndicationRemarks 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.
TaxAnnualAmount 111703
TaxLegalDescription SOBE VILLAGE CONDO UNIT 4 BLDG 1355 UNDIV 7.96% INT IN COMMON ELEMENTS OFF REC 24443-2198
TaxYear 2025
YearBuiltDetails Resale
Zoning 6400