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Condominium
$350,000$456 / sqft
1519 Drexel Ave, Miami Beach FL 33139
Listed
1
Bedrooms
1
Bathrooms
767 sqft
Interior
1970
Year built
$858 / mo
HOA
Condominium
Type
About this home
Just under a half-mile stroll to the beach! Spacious condo converts a 2 BED w/ open floor-to-ceiling pocket sliding wall to a wide layout. In the center of SoBe, yet still exclusively quiet. Enjoy the walkable famous areas of turquoise ocean/sandy beach/9-mile oceanfront Beachwalk/fine dining/incredible nightlife bars/lounges/clubs & fashionable retail shops/trendy Lincoln Rd. outdoor mall/historic Española Way/redone Flamingo Park/Sport/Pool/Tennis Ctr./New World Symphony/Convention Center/public transportation/FREE trolley & more. The spacious condo comes w/ travertine tiled floors/2025 new Trane AC/balcony/shower-bathtub combo/window treatment blinds/granite kitchen countertop/stainless steel appliances:microwave/e-range/dishwasher/refrigerator & plenty of closet space/custom shelving. Fenced-in property w/ intercom entrance/assigned gated parking spot under the bldg. & residential street permit city parking out front/private storage locker/top fl. community outdoor patio seating area/locked bike room & in-house laundry facility. IN-UNIT WASHER/DRYER via lic.contractor/plumber/City permits/HOA ARC. No short-term rentals but 1 yr. leases, ensuring the bldg's privacy & long-term stability. Pets max.25lb. Live a private residential lifestyle in the Miami Beach hub & a change of scenery ride away from the airport/Miami Worldcenter/Wynwood/Design District/BrickellCityCentre/etc. FURNITURE AVAIL/PRICED TO DEAL! Fully funded reserves/completed city recertification/2025 new roof!
Features
- Built-in Features
- Closet Cabinetry
- Custom Mirrors
- Laundry Tub
- Walk-In Closet(s)
- Den/Library/Office
- Other
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 1-bed rentals in Miami Beach, from 200 active listings; the middle half ask $2,350–$4,500.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.