Commercial
Hotel/Motel
Type
1939
Built
Listing courtesy of
Douglas Elliman
Marion Ott
MLS® #A11933913
Listing information last updated April 15, 2026
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Overview
This hotel/motel in Miami Beach is listed for sale at $4,450,000. Built in 1939.
Rare opportunity to acquire an 8-unit multifamily property in a prime South Beach location. Very large 1 bedrooms/ 1 bath who could be easily converted into 12 units. Just a short walk to Collins Avenue, Espanola Way and Lincoln Rd, only two blocks from the beach. The property is a unique investment opportunity with the potential for hotel use or short-term rentals and offering exceptional flexibility for investors. Strong upside potential with the possibility to operate as a hotel or obtain a short-term rental license, making this a compelling income-producing opportunity. All serious offers must be in writing and will be reviewed and responded to promptly!
Listing history
Price reduced
↓ $500,000 from $4,950,000 · Mar 2, 2026 · MIAMI MLS
$4,450,000
Listed for sale
Jan 14, 2026 · MIAMI MLS
$4,950,000
Days on market
as of today
188 days
Building & financials
FROM MIAMI MLSThe carrying-cost and structural facts that close or kill a Miami deal — straight from the listing feed.
Annual property tax (2024)
$28,411
FEMA flood zone
AE
Dues, taxes, and association data per MIAMI MLS and public records; flood zone from FEMA NFHL. Verify with the HOA, county, and your insurer during due diligence.
Property details
MLS #A11933913
Price$4,450,000
Year built1939
TypeHotel/Motel
StatusFor Sale
Flood zoneAE
Features & amenities
Has Cooling System
Location
1335 Drexel Ave, Miami Beach FL 33139
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List your rental →Listing data © MIAMI MLS · IDX information deemed reliable but not guaranteed · 188 days on market.
We do not advertise a “free” buyer’s agent; buyer-representation compensation is disclosed in writing. Bitcoin pricing is indicative and updates with the market — not financial, tax, or legal advice. Buyer to independently verify all measurements, assessments, and flood & insurance facts.