1550 Drexel Ave · Miami Beach, FL 33139 · South Beach

Ohio Apartment Bldg

2-story low-rise, completed 1925, 16 residences in South Beach. 3 for sale and 1 for rent on Nov 2, 2026.

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At a glance Ohio Apartment Bldg (1550 Drexel Ave, South Beach) is a 2-story, 16-unit building completed in 1925. As of Nov 2, 2026, 3 units are for sale and 1 is for rent; the median rent was $2,300 a month over 5 leases 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
3
For rent
1
Median rent
$2,300/mo5 leases · 12 mo
Sold
1last 12 months
Built
1925
Floors
2
Residences
16county
Flood zone
AEFEMA
Owner-occupied
25%
Avg. unit
485sq ft

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

On the market at Ohio Apartment Bldg.

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 Ohio Apartment Bldg.

Activity as of Nov 2, 2026
  • Resale +47%. The median closed price moved from $302/SF in 2021 (3 sales) to $443/SF in 2023 (3 sales), the first and last years with three or more recorded sales.
Read the full record 4 paragraphs and 10 facts, every figure from the MLS and county record

Built in 1925, Ohio Apartment Bldg is a two-story low-rise at 1550 Drexel Ave in South Beach. The Miami-Dade Property Appraiser lists 16 residential units, averaging 485 SF of living area.

On November 2, 2026, three units were listed for sale, asking $200K to $319K (median ask $500/SF across 3 listings). One sale closed between November 2, 2025 and November 2, 2026 at $248K, $450/SF.

One unit was offered for rent at $2,180 a month. Five leases were signed over the same 12 months, at a median $2,300 a month (range $1,600 to $2,400).

About 25% 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
1550 Drexel Ave, Miami Beach 33139
Neighborhood
South Beach
Year built
1925
Floors
2
Residences (county-verified)
16
Owner-occupied
25% of residences
Avg. unit size
485 sq ft
Total living area
7,763 sq ft
County condo folios
16
Recorded MLS listings
42

The numbers at Ohio Apartment Bldg.

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.

$278$555$3022021$5552022$4432023$4792024$4502026$278$555$3022021$5552022$4432023$4792024$4502026

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$450*3$2,300/mo
2025––6$1,875/mo
20242$479*4$2,050/mo
20233$4434$1,963/mo
20222$555*1$2,900/mo*
20213$3026$1,375/mo
2020––5$1,200/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 11 sales · 29 leases on record since 2021

Closed sales Nov 2, 2024 to Nov 2, 2026 · 1

UnitBDBASFAskedClosed$/SFClose dateDOM
20811550$260,000$247,500$450Jan 14, 202635

Leases signed Nov 2, 2025 to Nov 2, 2026 · 5

UnitBDBASFAsked/moLeased/mo$/SF/moLease dateDOM
10111580$2,400/mo$2,400/mo$4.14Oct 1, 202623
20311420$1,650/mo$1,600/mo$3.81Sep 23, 2026104
20711550$2,395/mo$2,300/mo$4.18Mar 11, 202623
20711550$2,300/mo$2,300/mo$4.18Dec 20, 202540
10511420$1,850/mo$1,850/mo$4.40Dec 11, 202593

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 Ohio Apartment Bldg.

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 ↗

Nearby

Around Ohio Apartment Bldg

5 more nearby

Smaller buildings close by: Harriet Court (130 m) · San Sebastian (140 m) · Marquesa (330 m) · The Park Vintage (340 m) · 735 (360 m) · The Ibiza (410 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.

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Tell me your unit and I'll prepare its value myself, from Ohio Apartment Bldg'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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