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2
Bedrooms
2
Bathrooms
910 sqft
Interior
1937
Year built
$1,200 / mo
HOA
Condominium
Type
About this home
Beautifully updated Drake residence blending timeless Art Deco charm with a modern coastal feel. Enjoy an updated kitchen, renovated baths, and grey wood-look luxury vinyl flooring. Ideally located within walking distance to the beach, restaurants, shopping, and nightlife. This unique two-story residence features a rare two-level layout that provides the privacy and flow of a townhouse space within a classic Art Deco setting. Best access to The Drake Hotel Miami Beach is via Collins Avenue. From I-95, take I-195 East (Julia Tuttle Causeway), continue onto Arthur Godfrey Rd, then head south on Collins Avenue to the property. Alternatively, from MacArthur Causeway, head north on Collins Avenue. Parking options include metered street parking along Collins Avenue and nearby side streets, as well as several public parking garages within walking distance. Nearby garages typically include options on 7th Street and 12th Street, providing convenient short- and long-term parking for residents and guests.
Features
- Storage
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$3,349
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $2,149
- HOA
- $1,200 / mo
Illustration only — not a loan offer, quote, or commitment. We are not a lender and neither offer nor arrange financing. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
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–$10,000.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.