1218 Drexel Ave · Miami Beach, FL 33139 · South Beach

1218 Drexel

3-story low-rise, completed 1925, 20 residences in South Beach. 1 for sale on Nov 2, 2026.

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At a glance 1218 Drexel (1218 Drexel Ave, South Beach) is a 3-story, 20-unit building completed in 1925. As of Nov 2, 2026, 1 unit is for sale and none for rent; the median rent was $2,225 a month over 4 leases in the last 24 months. FEMA flood zone AE. Source: Miami Assoc. of REALTORS® MLS via Bridge IDX, Miami-Dade Property Appraiser records and the FEMA flood map.

Photo · MLS listing in this building

For sale
1
For rent
0
Median rent
$2,225/mo4 leases · 24 mo
Sales on record
8since 2021
Built
1925
Floors
3
Residences
20county
Flood zone
AEFEMA
Owner-occupied
35%
Avg. unit
655sq ft

MLS via Bridge IDX · as of Nov 2, 2026 · How these numbers are made

On the market at 1218 Drexel.

The weekly MLS snapshot, newest asks first. Each unit opens its full listing: photos, taxes, history. Or check the live feed for today's inventory.

Snapshot as of Nov 2, 2026.

Listings matched to this building's recorded addresses. I don't have to be the listing agent to show you any unit or to negotiate for you. Search condos in 33139

The read on 1218 Drexel.

Activity as of Nov 2, 2026
  • A quiet record. The most recent sale on record closed Sep 10, 2025; 8 sales are on record since 2021.
Read the full record 4 paragraphs and 10 facts, every figure from the MLS and county record

1218 Drexel is a low-rise condominium of three floors at 1218 Drexel Ave in South Beach, built in 1925. County folio records count 20 residences, averaging 655 SF of living area.

One unit was for sale on November 2, 2026, asking $300K (that is $451/SF). No sale closed between November 2, 2025 and November 2, 2026; two closed in the 12 months before.

One lease was signed over the same 12 months, at $2,450 a month.

County records show 35% of residences as owner-occupied, which points to an investor-heavy ownership base.

Sources: Miami Assoc. of REALTORS® MLS via Bridge IDX (activity as of November 2, 2026), Miami-Dade Property Appraiser records. Blanks mean the record doesn't state it; nothing here is estimated.

The record

Address
1218 Drexel Ave, Miami Beach 33139
Neighborhood
South Beach
Year built
1925
Floors
3
Residences (county-verified)
20
Owner-occupied
35% of residences
Avg. unit size
655 sq ft
Total living area
13,099 sq ft
County condo folios
20
Recorded MLS listings
25

The numbers at 1218 Drexel.

Every sale and lease the MLS has recorded at this address, sales first.

MLS via Bridge IDX · as of Nov 2, 2026

Median $/SF by year closed

Every recorded sale at this address, 2021 to 2026. Count in the tooltip.

$224$447$2952021$3852022$4432024$4472025$224$447$2952021$3852022$4432024$4472025

Pale bars: fewer than three sales that year, so the bar is the sale itself or the average of two, too few for a median.

Year by year, every recorded closing
YearSalesMedian $/SFLeasesMedian rent
2026 (to date)––1$2,450/mo*
20252$447*2$2,225/mo*
20241$443*6$1,948/mo
20222$385*2$2,900/mo*
20213$2952$1,900/mo*
2020––2$1,400/mo*
2019––1$1,250/mo*

* Fewer than three closings that year: the figure is the closing itself or the average of two, too few for a median.

Show all closings 8 sales · 16 leases on record since 2021

Closed sales Nov 2, 2024 to Nov 2, 2026 · 2

UnitBDBASFAskedClosed$/SFClose dateDOM
20611634$318,000$290,000$457Sep 10, 2025153
30422629$285,000$275,000$437Jun 30, 202514

Leases signed Nov 2, 2025 to Nov 2, 2026 · 1

UnitBDBASFAsked/moLeased/mo$/SF/moLease dateDOM
20422626$2,500/mo$2,450/mo$3.91Oct 7, 202630

Data: Miami Assoc. of REALTORS® MLS via Bridge IDX, as of Nov 2, 2026. Listings matched to this building's recorded addresses; pending includes under-contract. Closed listings shown as records only, no photos. Blanks mean the record doesn't state it. How these numbers are made

The file on 1218 Drexel.

The rules on record, the documents in my files, the two Florida checks every buyer should run, and the buildings around it. Each card opens.

FEMA flood zone

AE

Inside FEMA's Special Flood Hazard Area. A federally backed mortgage requires flood insurance here.

What the zone means
  • The 1% annual chance ("100-year") flood area, with a base flood elevation set.
  • Base flood elevation 8 ft (NGVD29).
  • The zone is a map line, not a premium. Ask the association for its master flood policy, and get a flood quote for the specific unit before you commit.

FEMA National Flood Hazard Layer, checked at the building's mapped location on Oct 12, 2026. Open the official map ↗

Milestone structural inspection

Turned 30 in 1955

The statute's first deadline for a building this age was December 31, 2024, then every 10 years.

What the deadline means
  • Based on year built 1925 (county record). The statute counts from the certificate of occupancy date, which can differ.
  • The association must give every owner the inspector's summary. Ask for it, and for the structural integrity reserve study, before you commit.

Fla. Stat. § 553.899(3) ↗ and Miami-Dade recertification ↗, read Oct 9, 2026. What the deadline means for buyers

Nearby

Around 1218 Drexel

5 more nearby

Smaller buildings close by: The Santa Barbara (180 m) · S & T (190 m) · Euclid Townhouses (230 m) · 1235 Meridian Ave (280 m) · 1344 Euclid Avenue (290 m) · Park Square (300 m)

Compare with the two nearest →Every South Beach building →Distances are straight-line. Building data from Miami Assoc. of REALTORS® MLS records via Bridge IDX.

Own here, or looking here

Owners: tell me your unit and I'll prepare its value myself. Buyers and renters: I'll tell you when a unit here lists or sells. Either way it starts a conversation with me, not a mailing list.

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Get your unit's value

Tell me your unit and I'll prepare its value myself, from 1218 Drexel's closed sales and what is listed now. Then we talk it through.

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Enrique Ponte Ojeda on a balcony overlooking the water in Miami
I read the building before you buy or sell a unit in it.Closed history, the association's rules, what is really for sale and what it should trade at. Then we talk.
Enrique Ponte Ojeda
Licensed Florida Real Estate Agent · Carmona Realty Group

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