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Active - Condominium for sale

1460 Ocean Dr # 308, Miami Beach FL 33139

1 bd|1 bth|550 sqft

Facts & features

Condominium Property type
32 days on Beycome
1937 Year built
$718 Price/Sqft.
$831/mo HOA

Why you’ll love it

Welcome to The Drake Condo, an iconic Art Deco building in the heart of South Beach! This beautifully renovated and fully furnished 1-bedroom, 1-bathroom residence features premium finishes, brand-new appliances, new flooring, and modern upgrades throughout. Bright and inviting, the unit is move-in ready and perfectly situated on the famous Ocean Drive, directly across from the beach and steps from some of Miami Beach’s best restaurants, boutiques, shopping, and entertainment. The building has also been tastefully renovated, adding to its charm and appeal. The unit can be rented immediately, with 90-day rentals allowed up to 4 times per year. Whatever you’re looking for a primary residence, vacation retreat, or investment opportunity, this property offers the perfect combination of style, comfort, and location. Experience the best of the South Beach lifestyle at The Drake Condo!

Translating description...

Listings courtesy of Luxe Properties.

Listed by: Maria Gessica Sforza • 305-502-5919 • Luxe Properties

Co-listed by: Luxe Properties

Source: Miami MLS, MLS#: A12105907 Miami MLS logo

Based on info available as of Nov 13, 2026 at 7:00 PM EST.

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Affordability

$255,000$535,000
1%20%
0%90%
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Estimated monthly payment

$3,187/mo

  • Mortgage$1,997
  • Property tax$358
  • HOA fee
  • Homeowners insurance
Due at closing$314,025
Down payment held in escrow$79,000
Closing costs$5,925
beycome credit Est.$7,900

Beycome estimates only. Actual amounts and terms vary by lender and location.

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Travel times

About The Drake Condo

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Flood & climate risk

FEMA Flood Zone AE

In a FEMA Special Flood Hazard Area — flood insurance is typically required with a federally-backed mortgage.

More details

Base flood elevation: 8 ft. Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.

Disclaimer

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Copyright ©2026. Based on information as of Nov 13, 2026 at 07:00pm EST.

$395,000 Listed price

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$7,900 Credit back

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