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Condominium
$179,990$419 / sqft
1308 Drexel Ave # 307, Miami Beach FL 33139
Listed
0
Bedrooms
1
Bathrooms
430 sqft
Interior
1925
Year built
$514 / mo
HOA
Condominium
Type
About this home
Unique opportunity to own a studio at the Habana Boutique Condominium. This well kept building is conveniently located 2 blocks from the beach and Flamingo Park. Its central and walkable location is a short distance to all vibrant entertainment, post office, shops, restaurants that South Beach has to offer. The building is gated and feature an intercom, a lush courtyard, laundry room and bike storage. The apartment is on the top floor facing West, features high impact glass windows, plenty of natural light and a Garden view. Central Air Conditioning. New AC unit replaced in 2022. Comes fully furnished and equipped. No rental first year of ownership. Sold AS IS.
Features
- Fire Sprinklers
- Other
- Courtyard
- Garden View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- No Lease-1st Year Owned
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Location
Approximate — shows the building, not the unit.
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 studio rentals in Miami Beach, from 200 active listings; the middle half ask $1,800–$3,000.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.