1550 Drexel Ave #103
1550 Drexel Ave #103 Miami Beach 331391 bedrooms | 1 bathroom | 0 half bath | 420 sqft
$219,000
Property Details
- MLS #
- A11839696
- Unit #
- 103
- Address
- 1550 DREXEL AVE #103 map
- Bedrooms
- 1
- Bathrooms
- 1
- Living Area (f2)
- 420
- Living Area (M2)
- 39
- Year Built
- 1925
- Waterfront
- Status
- Active
- Listing Type
- Condo/Townhome
- Maintenance Fee
- $536
- Complex
- Ohio Apartment Bldg Condo
- Days On Market
- 54
- Pool
- Pets Allowed
- N/A
- Parking Spaces
- 0
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Property Description
Upgraded 1 bed/1 bath condo in a boutique 16-unit Art Deco building, steps from Lincoln Rd, Española Way & the beach! Move-in ready with new floors, sleek white kitchen, SS appliances, induction cooktop, updated bath & walk-in closet. Investor’s gem—rented at $1,800/mo through Sept 2026, generating $21,600/yr with a solid 5% +cap rate. HOA $506/mo covers insurance, water & trash, keeping expenses low and returns strong. Enjoy central A/C, manicured grounds & unbeatable walkability to dining, shopping, nightlife & Ocean Dr. Pet-friendly, 3-month minimum rentals allowed. Perfect pied-à-terre or cash-flowing investment. Aggressively priced!
Property Amenities
Equipment
- Refrigerator
Interior Features
- Interior Hall
- First Floor Entry
- Fire Sprinklers
- Walk-In Closet(s)
- No Additional Rooms
Exterior Features
- Courtyard
Similar Properties
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|---|---|---|---|---|---|---|---|
| 1776 James Ave #4E | 4E | $169,900 | 0/1 | 445 | 41 | $684 | |
| 717 Espanola Way #211 | 211 | $175,000 | 0/1 | 397 | 37 | $474 | |
| 1555 Pennsylvania Ave #105 | 105 | $179,500 | 1/1 | 428 | 40 | $725 | |
| 1244 Pennsylvania Ave #103 | 103 | $190,000 | 0/1 | 370 | 34 | $297 | |
| 1455 Michigan Ave #7 | 7 | $195,000 | 0/1 | 200 | 19 | $198 | |
| 1776 James Ave #5B | 5B | $199,000 | 1/1 | 800 | 74 | $1,020 | |
| 700 16th St #106 | 106 | $199,000 | 1/1 | 458 | 43 | $647 | |
| 1250 Alton Rd #2C | 2C | $200,000 | 0/1 | 507 | 47 | $536 | |
| 0 #107 | 107 | $209,000 | 0/1 | 420 | 39 | $415 | |
| 1551 Meridian Ave #102 | 102 | $209,900 | 1/1 | 696 | 65 | $680 | |
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| 1604 Drexel Ave #107 | 107 | $215,000 | 0/1 | 495 | 46 | $487 | |
| 1611 Michigan Ave #25 | 25 | $215,000 | 1/1 | 446 | 41 | $535 | |
| 1244 Pennsylvania Ave #305 | 305 | $215,000 | 1/1 | 373 | 35 | $293 |
Recent Sales
| Unit # | Closed Date | Sold Price | List Price | Bed | Bath | Living Area | Days on Market |
|---|---|---|---|---|---|---|---|
| 202 | 09/12/2025 | $215,000 | $235,000 | 1 | 1 | 767 | 7 months |
| 307 | 09/10/2025 | $375,000 | $395,000 | 1 | 1 | 716 | 1 month |
| 123 | 09/05/2025 | $215,000 | $225,000 | 1 | 1 | 436 | 1 month |
| 9 | 09/04/2025 | $203,000 | $215,000 | 1 | 1 | 410 | 4 months |
| 3D | 09/03/2025 | $255,000 | $270,000 | 1 | 1 | 680 | 3 months |
| 307 | 08/29/2025 | $207,000 | $199,500 | 0 | 1 | 485 | 1 month |
| 1F | 08/28/2025 | $253,000 | $262,500 | 1 | 1 | 560 | 9 months |
| 635 | 08/27/2025 | $420,000 | $440,000 | 1 | 1 | 675 | 3 weeks |
| 204 | 08/26/2025 | $292,500 | $315,000 | 1 | 1 | 656 | 3 months |
| 3C | 08/21/2025 | $250,000 | $255,900 | 1 | 1 | 795 | 1 month |
| 908 | 08/19/2025 | $760,000 | $760,000 | 1 | 2 | 865 | 3 months |
| 505A | 08/18/2025 | $198,000 | $225,000 | 0 | 1 | 540 | 5 months |
| 4 | 08/18/2025 | $244,444 | $265,000 | 0 | 1 | 500 | 1 month |
| 848 | 08/15/2025 | $1,720,000 | $1,799,000 | 2 | 2 | 1,190 | 2 months |
| 1102 | 08/14/2025 | $1,120,000 | $1,160,000 | 0 | 1 | 490 | 6 months |
| 413 | 08/13/2025 | $699,000 | $699,500 | 1 | 1 | 701 | 1 month |
| 521 | 08/12/2025 | $740,000 | $750,000 | 1 | 1 | 850 | 1 month |
| BH-03 | 08/11/2025 | $4,000,000 | $4,499,000 | 3 | 3 | 2,580 | 5 months |
| 4 | 08/08/2025 | $190,000 | $219,500 | 0 | 1 | 446 | 6 months |
| 6 | 08/05/2025 | $180,000 | $200,000 | 0 | 1 | 470 | 8 months |
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Corey Schwartz | Broker Associate | Gravity Real Estate
Gravity Real Estate is an independent real estate brokerage servicing the South Florida real estate community
