$233,000

1542 Drexel Ave #105, Miami Beach, FL 33139

Bedrooms
1
Baths
1
Living area
440 ft²
Price per ft²
$530 / ft²
Type
Condo
Year built
1925
HOA
$498 / mo HOA
On market
137 days on market
MLS #
A12021458

Charming 1-bedroom, 1-bath apartment ideally located in the heart of South Beach! This bright and inviting residence at Miami Beach features a functional layout, abundant natural light, and a comfortable living space perfect for full-time living, vacation use, or investment. Situated just steps from world-famous beaches, Lincoln Road, restaurants, shopping, and nightlife, this property offers the ultimate Miami Beach lifestyle. Located in a well-maintained boutique building on desirable Drexel Avenue, residents enjoy easy access to parks, cafés, and entertainment while being tucked away on a quiet residential street. A fantastic opportunity to own in one of Miami Beach’s most sought-after neighborhoods!

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 $530. The median for recorded sales in the same ZIP codes is $607/ft² — putting it 13% below the median.
  • Position in the area’s price distributionThe asking price is $233,000; the median of recorded sales in the area is $590,000 (2,277 sales). On raw price that is 61% below the median — this line does NOT adjust for property type or size.
  • HOA fee as a share of priceAn HOA fee of $498 per month comes to $5,976 a year — 2.6% 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%$69,900
Term

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

Estimated monthly payment$1,088
Loan amount
$163,100
Total interest over the term
$228,723
Total repaid
$391,823

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

Novel Management, LLC.

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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