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Condominium
$300,000$451 / sqft
1218 Drexel Ave # 103, Miami Beach FL 33139
Listed
2
Bedrooms
2
Bathrooms
665 sqft
Interior
1925
Year built
$700 / mo
HOA
Condominium
Type
About this home
Discover the timeless character of Miami Beach in this beautifully positioned 2 bedroom, 2 bathroom Art Deco residence on a peaceful, tree-lined street. Featuring a desirable split bedroom floor plan, the home offers a comfortable and functional layout with spacious living areas and abundant natural light throughout. Located in a secure building with controlled intercom entry and convenient on-site laundry, this residence combines classic Miami Beach charm with everyday convenience. Ideally situated just moments from Flamingo Park and within easy walking distance of the beach, shopping, restaurants, cafés, and all the vibrant attractions South Beach has to offer. A wonderful opportunity to enjoy the quintessential Miami Beach lifestyle in a quiet residential setting while remaining close to everything.
Features
- First Floor Entry
- East Of Us1
- None
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
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. Open in maps (opens in a new tab)
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 2-bed rentals in Miami Beach, from 200 active listings; the middle half ask $3,600–$9,900.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.