1355 Drexel Ave, Miami Beach FL 33139, Miami Beach
$7,000,000
Miami Beach, FL, 33139
Property details
- Living area
- 816 sqft
- Year built
- 2009
- Type
- Quadruplex
- Days on market
- 177
- MLS #
- A11929268
Listing courtesy of Compass Florida, LLC · 305-209-8866. Listing agent: Arthur Porosoff. MLS data last updated 2026-05-12.
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.
1355 Drexel Ave, Miami Beach FL 33139, Miami Beach — for sale, listed for $7,000,000 (816 sqft).
$8,578/sqft · 93% percentile · based on 14 listings for sale in 33139 (median $699/sqft).
Priced like this listing
The 4 active listings closest in price within the same market segment:
Run the numbers
Asking price vs segment median
$7,000,000 asks 174.6% above the $2,549,000 median across 119 listings for sale in ZIP 33139.
n=119 · 2026-07-30 · Methodology
ZIP vs city price level
Active listings like this in ZIP 33139 show a median asking $699/sqft — 50.9% above the Miami Beach median asking of $463/sqft.
n=14 · 2026-07-30 · Methodology
Asking price vs the market
Compared with the other 14 listings for sale in 33139, this home asks $8,578/sqft — the group median is $699/sqft.
That places it above the market midpoint (93% percentile).
n=14 · 2026-07-30 · Methodology
Market trend (our weekly archive)
Our weekly snapshot archive tracks the median for listings for sale in 33139: $699/sqft in 2026-W30 to $699/sqft in 2026-W31.
This history is computed from our own recorded market snapshots, not backfilled estimates.
n=118 · 2026-07-30 · Methodology
Current market segment
Right now: 119 active listings for sale in 33139, median asking price $2,549,000, median $699/sqft.
n=119 · 2026-07-30 · Methodology
Local market report
Market intelligence recomputed weekly from the full live MLS feed · 2026-07-30 · Methodology
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