1460 Ocean Dr · Miami Beach, FL 33139 · South Beach

The Drake

4-story low-rise, completed 1937, 30 residences in South Beach. 4 for sale and 2 for rent on Nov 2, 2026.

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At a glance The Drake (1460 Ocean Dr, South Beach) is a 4-story, 30-unit building completed in 1937. As of Nov 2, 2026, 4 units are for sale and 2 are for rent; the median closed price was $500 per square foot over 3 sales in the last 12 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
4
For rent
2
Median $/SF
$5003 sales · 12 mo
Sold
3last 12 months
Built
1937
Floors
4
Residences
30county
Flood zone
AEFEMA
Owner-occupied
27%
Avg. unit
795sq ft

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

On the market at The Drake.

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 Drake, floor by floor.

Every unit the MLS has recorded here, placed by its unit number: floors up, lines across, each column as wide as the units in it. Amber is for sale today (a unit listed both for sale and for rent is amber). Hover or tap a unit to read its record.

20 units seen · MLS via Bridge IDX · as of Nov 2, 2026
  • For sale 4
  • For rent 1
  • Sold or leased, last 12 months 4
  • Seen in the MLS before that 11
  • No MLS record seen 11
010204050607080952010204050607080952Floor 1: no unit seen in the MLSFloor 1: no unit seen in the MLS

Tap a unit to read its record here. Amber and white units open their listing page.

Units seen20of 30 residences on record
Floors with units4floors 2 to 5
Lines8stacks of units, by number

Closed $/SF figures use the 4 recorded sales of these units in the 24 months to Nov 2, 2026; a median needs three. Floor, line and size are the record's. Views and orientation are not in it and are not shown.

The largest typical unit is line 01, a median 760 sf over 3 units seen, recorded with 2 bedrooms.

The lines what the MLS record holds for each stack of units
LineUnits seenTypical sizeBedsOn the marketClosed $/SF · 24 mo
Line 013760 sf21–
Line 023670 sf2–1 sale, too few
Line 0421,175 sf2–1 sale, too few
Line 053720 sf2–1 sale, too few
Line 0621,145 sf3––
Line 073720 sf22–
Line 082749 sf111 sale, too few
Line 092450 sf11–

2 units in the record sit outside this grid (203, 506 (406)): penthouse, townhouse or ground-level numbers, or lines seen only once or twice.

How this is drawn: a unit's floor and line come from its MLS unit number alone (5614 is floor 56, line 14). A cell exists only where the MLS has recorded a listing, a closing or a lease; a blank means no record was seen, not that no unit exists. Column widths follow each line's median recorded living area. Pre-construction towers and buildings with a thin record have no drawing.

Floor and line from the MLS unit number; a blank cell means no record was seen. How these numbers are made

The read on The Drake.

Activity as of Nov 2, 2026
  • Resale +7%. The median closed price moved from $440/SF in 2022 (4 sales) to $470/SF in 2025 (3 sales), the first and last years with three or more recorded sales.
  • Gross rental yield 9.4%. A year of rent at the median $3.93/SF/mo (7 leases) against the median $500/SF sale (3 sales), both over 12 months, before HOA, taxes and vacancy.
  • Asks run +25% against closings. Sellers ask a median $623/SF (4 listings) against $500/SF closed (3 sales, 12 months). That gap is negotiation room. Bring the comps.
  • Sells in a median 203 days. Days on market across the 3 sales closed in the last 12 months.
  • A renters' building. Leases outnumbered sales 2 to 1 over the last 12 months (7 leases, 3 sales), at a median $3,000 a month.

Where it ranks citywide, condo buildings in 17 Miami neighborhoods

  • #36 of 584 · highest sales turnover16.7% of units sold in 24 months · n 5 · Oct 2024 to Sep 2026

See the full rankings · How rankings are made

Read the full record 4 paragraphs and 10 facts, every figure from the MLS and county record

Built in 1937, The Drake is a four-story low-rise at 1460 Ocean Dr in South Beach. The Miami-Dade Property Appraiser lists 30 residential units, averaging 795 SF of living area.

On November 2, 2026, four units were listed for sale, asking $295K to $425K (median ask $623/SF across 4 listings). Three sales closed between November 2, 2025 and November 2, 2026, from $120K to $799K, a median $500/SF, after a median 203 days on the market. The year before saw two closed sales. That 12-month median ranks 61st of the 83 South Beach buildings with at least three sales in the same window. Two-bedrooms made up four of the 5 sales in the last 24 months, at a median $337,500.

Two units were offered for rent at $2,200 to $3,500 a month. Seven leases were signed over the same 12 months, at a median $3,000 a month (range $2,500 to $4,800). Leases outnumbered sales 2 to 1 over that year, so renters are a large share of who lives here.

About 27% of the residences are owner-occupied according to county records, 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
1460 Ocean Dr, Miami Beach 33139
Neighborhood
South Beach
Year built
1937
Floors
4
Residences (county-verified)
30
Owner-occupied
27% of residences
Avg. unit size
795 sq ft
Total living area
23,860 sq ft
County condo folios
30
Recorded MLS listings
46

The numbers at The Drake.

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, 2019 to 2026. Count in the tooltip.

$275$549$4022019$5282020$4402022$5492023$4702025$3172026$275$549$4022019$5282020$4402022$5492023$4702025$3172026

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)2$317*6$3,000/mo
20253$4703$2,500/mo
2024––7$2,900/mo
20232$549*1$3,200/mo*
20224$4403$2,400/mo
2021––4$1,875/mo
20202$528*4$2,250/mo
20191$402*1$1,850/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 14 sales · 29 leases on record since 2019

Closed sales Nov 2, 2024 to Nov 2, 2026 · 5

UnitBDBASFAskedClosed$/SFClose dateDOM
30522720$365,000$360,000$500May 6, 2026203
20821.5890$390,000$120,000$135Feb 27, 2026302
506 (406)32.51,220$978,000$799,000$655Nov 17, 202567
20422990$389,000$370,000$374Jul 3, 2025129
30222670$320,000$315,000$470Jun 16, 2025246

Leases signed Nov 2, 2025 to Nov 2, 2026 · 7

UnitBDBASFAsked/moLeased/mo$/SF/moLease dateDOM
404331,360$4,700/mo$4,400/mo$3.24Sep 10, 202633
30722720$3,200/mo$3,000/mo$4.17Jul 3, 202643
30911450$2,500/mo$2,500/mo$5.56Jun 1, 202651
20821.51,005$3,000/mo$3,000/mo$2.99May 19, 20267
40112760$2,600/mo$2,550/mo$3.36May 4, 20269
506(406)32.51,220$5,000/mo$4,800/mo$3.93Feb 15, 202662
30722720$3,200/mo$3,000/mo$4.17Dec 3, 2025105

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 The Drake.

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 1967

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 1937 (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 The Drake

5 more nearby

Smaller buildings close by: San Sebastian (440 m) · Harriet Court (480 m) · The Park Vintage (620 m) · Marquesa (620 m) · 1344 Euclid Avenue (640 m) · 735 (640 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.

Own here?

Get your unit's value

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

Phone or email. One is enough.

Thinking about

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Looking here?

Get alerts when a unit lists or sells

When a unit at The Drake lists or sells, I'll let you know. I send these myself, not a robot.

Phone or email. One is enough.

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Goes to Enrique only. No mailing list.

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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