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Condominium
$288,000$497 / sqft
1542 Drexel Ave # 301, Miami Beach FL 33139
Listed
1
Bedrooms
1
Bathrooms
580 sqft
Interior
1925
Year built
$657 / mo
HOA
Condominium
Type
About this home
Stunning historic Art Deco boutique building in Miami Beach, The Ruskin Condo is ideally located just three blocks from the ocean. This desirable top-floor corner unit features, one of the building's most appealing floor plans, offering 1 bedroom and 1 bathroom with an open-concept kitchen and living area surrounded by large windows with abundant natural light. The building has been beautifully restored and features a new roof completed in 2024. Structural and electrical recertification completed in 2025. The special assessment has been paid in full by the seller. Ideally situated within walking distance of Española Way, Washington Avenue, Ocean Drive, and some of Miami Beach’s best restaurants. A unique opportunity to own a piece of South Beach’s iconic Art Deco history. Available for immediate occupancy.
Features
- Third Floor Entry
- Closet Cabinetry
- Garden View
- Other View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- Daily Rentals Allowed
The leasing terms stated for this listing contradict each other. They all come from one MLS record and none of them overrides another — confirm with the association before relying on any of them.
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.
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 1-bed rentals in Miami Beach, from 200 active listings; the middle half ask $2,300–$3,850.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.