$236,000

1542 Drexel Ave #104, Miami Beach, FL 33139

Bedrooms
1
Baths
1
Living area
440 ft²
Price per ft²
$536 / ft²
Type
Condo
Year built
1925
HOA
$495 / mo HOA
On market
2 days on market
MLS #
A12091820

Prime South Beach location! Furnished charming 1-bedroom, 1-bath condo ideally situated in the heart of Miami Beach, just one block from Lincoln Road and within walking distance to Española Way, shops, restaurants, entertainment, and only a few blocks from the beach and Ocean Drive. This 440 SF residence features beautiful wood floors, a spacious walk-in closet, and plenty of natural light. The building offers convenient communal laundry facilities, with public parking garages and street parking nearby. Excellent opportunity as a Miami Beach residence or investment property in one of South Beach’s most desirable and walkable locations. Tenant currently in place. Kitchen was updated, new pictures are coming.

The MiamiLi Read

The lines below are derived automatically from this listing’s own data and the area’s recorded deed transfers. They are not a personal opinion or investment advice.

  • Price per square footThe asking price per ft² on this listing is $536. The median for recorded sales in the same ZIP codes is $607/ft² — putting it 12% below the median.
  • Position in the area’s price distributionThe asking price is $236,000; the median of recorded sales in the area is $590,000 (2,277 sales). On raw price that is 60% below the median — this line does NOT adjust for property type or size.
  • HOA fee as a share of priceAn HOA fee of $495 per month comes to $5,940 a year — 2.5% of the asking price. That amount is deducted from rental yield.

How to read this comparison: the figure on the left is an asking price, while the one on the right is a closed sale median — the two are not the same thing, and the room to negotiate sits inside that gap. The median covers every property type and size in those ZIP codes; it carries no adjustment for a single listing’s floor, view, age or finishes. This box is not an appraisal.

Scope: ZIP codes 33139, 33140, 33141 · arm’s-length sales recorded by the Miami-Dade County Property Appraiser.

Monthly mortgage payment

Estimated monthly loan payment based on this listing's price. Adjust the down payment, rate and term to match your own terms.

30%$70,800
Term

7.03% — Freddie Mac PMMS (FRED) current mortgage rates, 30-year fixed, conforming. Priced September 24, 2026.

Estimated monthly payment$1,102
Loan amount
$165,200
Total interest over the term
$231,668
Total repaid
$396,868

Principal and interest only; property tax, insurance and HOA dues are NOT included. This is not a binding offer.

Lokation

Listing data provided by the Southeast Florida MLS (MIAMI REALTORS®) IDX feed. Copyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited.

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