$288,000

1542 Drexel Ave #301, Miami Beach, FL 33139

Bedrooms
1
Baths
1
Living area
580 ft²
Price per ft²
$497 / ft²
Type
Condo
Year built
1925
HOA
$657 / mo HOA
On market
2 days on market
MLS #
A12101057

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 1 bedroom and 1 bathroom with an open-concept kitchen and living area surrounded by large windows, offering abundant natural light. The building has been beautifully restored and features a new roof completed in 2024. 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.

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 $497. The median for recorded sales in the same ZIP codes is $606/ft² — putting it 18% below the median.
  • Position in the area’s price distributionThe asking price is $288,000; the median of recorded sales in the area is $590,000 (2,276 sales). On raw price that is 51% below the median — this line does NOT adjust for property type or size.
  • HOA fee as a share of priceAn HOA fee of $657 per month comes to $7,884 a year — 2.7% 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%$86,400
Term

7.28% — Freddie Mac PMMS (FRED) current mortgage rates, 30-year fixed, conforming. Priced October 1, 2026.

Estimated monthly payment$1,379
Loan amount
$201,600
Total interest over the term
$294,974
Total repaid
$496,574

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

Fortune Christie's International Real Estate

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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