Description

Rare opportunity to acquire an 8-unit multifamily property in a prime South Beach location. Very large 1 bedrooms/ 1 bath who could be easily converted into 12 units. Just a short walk to Collins Avenue, Espanola Way and Lincoln Rd, only two blocks from the beach. The property is a unique investment opportunity with the potential for hotel use or short-term rentals and offering exceptional flexibility for investors. Strong upside potential with the possibility to operate as a hotel or obtain a short-term rental license, making this a compelling income-producing opportunity. All serious offers must be in writing and will be reviewed and responded to promptly!

Address

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Address: Drexel
City: Miami Beach
State/county: Miami-Dade
Zip/Postal Code: 33139
Area: Miami Beach

Details

Updated on July 23, 2026 at 11:58 am

Property ID A11933913
Price $4,450,000
Land Area 0.11 Sq Ft
Year Built 1939
Type Hotel/Motel
Property Status Commercial Sale

Additional details

BuildingAreaTotal 5360
CLIP 8101530049
CoListAgentAOR Miami Association of REALTORS
CoListAgentDirectPhone 305-497-4839
CoListAgentEmail Antonia.Mekiska@elliman.com
CoListAgentFirstName Antonia
CoListAgentFullName Antonia Mekiska
CoListAgentKey 26736997
CoListAgentKeyNumeric 26736997
CoListAgentLastName Mekiska
CoListAgentMlsId SEF3610036
CoListAgentNationalAssociationId 279672293
CoListAgentOfficePhone 305-695-6300
CoListAgentPreferredPhone 305-497-4839
CoListAgentStateLicense 3610036
CoListOfficeAOR Miami Association of REALTORS
CoListOfficeEmail iakhrass@elliman.com
CoListOfficeKey 5904218
CoListOfficeKeyNumeric 5904218
CoListOfficeMlsId SEFDEOM01
CoListOfficeName Douglas Elliman
CoListOfficePhone 305-695-6300
ConstructionMaterials Block
ContractStatusChangeDate 2026-07-22
Cooling Wall/Window Unit(s)
CumulativeDaysOnMarket 189
CurrentPrice 4450000
DaysOnMarket 189
DaysOnMarketReplication 189
DaysOnMarketReplicationDate 2026-07-22
DaysOnMarketReplicationIncreasingYN 1
DocumentsCount 0
Flooring Carpet, Wood
InternetAddressDisplayYN 1
InternetAutomatedValuationDisplayYN 1
InternetEntireListingDisplayYN 1
ListAOR Miami REALTORS
ListAgentAOR Miami Association of REALTORS
ListAgentDirectPhone 305-915-4854
ListAgentEmail marion.ott@elliman.com
ListAgentFirstName Marion
ListAgentFullName Marion K Ott
ListAgentKey 26788703
ListAgentKeyNumeric 26788703
ListAgentLastName Ott
ListAgentMiddleName K
ListAgentMlsId SEF0617981
ListAgentNationalAssociationId 279504099
ListAgentOfficePhone 305-695-6300
ListAgentPreferredPhone 305-915-4854
ListAgentStateLicense 0617981
ListOfficeAOR Miami Association of REALTORS
ListOfficeEmail iakhrass@elliman.com
ListOfficeKey 5904218
ListOfficeKeyNumeric 5904218
ListOfficeMlsId SEFDEOM01
ListOfficeName Douglas Elliman
ListOfficePhone 305-695-6300
ListingAgreement Exclusive Right To Sell
ListingContractDate 2026-01-14
ListingKey 1151532097
ListingKeyNumeric 1151532097
ListingTerms Cash, Owner Will Carry
LotSizeArea 5000
MLSAreaMajor 2320
MajorChangeTimestamp July 22, 2026 at 02:05pm
MajorChangeType Back On Market
MapCoordinateSource Imported
MlsStatus Active
MobileDimUnits Feet
ModificationTimestamp July 23, 2026 at 09:44am
NumberOfBuildings 1
NumberOfUnitsTotal 1
OccupantType Call Agent
OnMarketDate 2026-07-22
OnMarketTimestamp 2026-07-22T00:00:00.000-00:00
OpenHouseModificationTimestamp 2026-07-22T13:17:17.603-00:00
OriginalEntryTimestamp January 14, 2026 at 12:39pm
OriginalListPrice 4950000
OriginatingSystemCoListAgentMemberKey 1216739
OriginatingSystemCoListOfficeKey 1251741
OriginatingSystemID M00000151
OriginatingSystemKey 526415533
OriginatingSystemListAgentMemberKey 1219673
OriginatingSystemListOfficeKey 1251741
OriginatingSystemModificationTimestamp 2026-07-22T13:17:17.603-00:00
OriginatingSystemName BEACH
OriginatingSystemSubName BEACH_MIAMI
ParcelNumber 0232340110070
Permission IDX
PhotosChangeTimestamp July 23, 2026 at 09:44am
PhotosCount 24
Possession Close Of Escrow
PostalCity Miami Beach
PostalCode 33139
PostalCodePlus4 8121
PreviousListPrice 4950000
PriceChangeTimestamp March 2, 2026 at 04:34pm
PropertyCondition Resale
PropertySubTypeAdditional Hotel/Motel
PublicSurveyTownship 2
Roof Concrete
SecurityFeatures Security Fence
SourceSystemID TRESTLE
SourceSystemKey 1151532097
SourceSystemName flexmls
StateOrProvince FL
StatusChangeTimestamp July 22, 2026 at 02:05pm
StoriesTotal 2
StreetName Drexel
StreetNumber 1335
StreetNumberNumeric 1335
StreetSuffix Avenue
StructureType Hotel/Motel
TaxAnnualAmount 28411
TaxLegalDescription H PRATTS RESUB OCEAN BEACH NO 3 PB 6-17 LOT 12 BLK 21 LOT SIZE 50.000 X 100 OR 16411-0124 0694 4
TaxYear 2024
UniversalPropertyId US-12025-N-0232340110070-R-N
VideosChangeTimestamp 2026-07-23T09:44:07.633-00:00
VideosCount 0
WaterSource Public
Zoning 6400