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THE DRAKE CONDO · · MLS A12091769
Listed by Coldwell Banker Realty
FIRST TIME EVER ON THE MARKET! Fully renovated unit at 1460 Ocean Drive with high ceilings, impact windows and doors, brand-new appliances, new flooring throughout, renovated kitchen, beautifully updated bathrooms, and a washer and dryer inside the unit — the only unit in the building with one. The ceilings were also raised specifically for this unit during the renovation, creating a more open feel while keeping the new finishes clean and seamless.
The building has recently passed its 40-year recertification and has a NEW A/C system on the roof.
LOCATION, LOCATION, LOCATION! Just steps from the beach and a short walk across from Española Way, with restaurants, bars, shopping, and everything South Beach has to offer right outside your door. The unit can be rented immediately, with 90-day rentals allowed up to 4 times per year. A great opportunity for an end user or investor looking for a fully renovated unit with features you won't find in the other units in the building.
The propertyAs the MLS records it
$3,880 per month
30-year fixed, 7.32% interest
The calculator opens on the national average rate for a 30-year fixed-rate loan: 7.32% for the week of October 22, 2026. Source: Freddie Mac, Primary Mortgage Market Survey ↗
For illustration only: an estimate, not a loan offer or a quote. The tax is the last annual bill the MLS records for this property; in Florida a property is reassessed when it is sold, so a buyer's tax will differ. Insurance is not estimated: it is included only when you enter your own quote. The rate is a national weekly average, not the rate a lender will offer you: change it to the one you are quoted.
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Showings of 1460 Ocean Dr #407, Miami Beach, FL 33139 are by appointment. Send the request here, call or write on WhatsApp: Julian Acosta, real estate advisor with Compass, answers within one business day to confirm a day and a time.
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| Year | Median price per SF | Closed sales |
|---|---|---|
| 2020 | $377 | 1,497 |
| 2021 | $466 | 3,455 |
| 2022 | $515 | 3,020 |
| 2023 | $535 | 1,922 |
| 2024 | $560 |
Homes of the same kind on the market nearby, the nearest in price first.
LIVE · MLS · AS OF NOV 1, 2026
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1 / 76The information on this page is supplied by the Southeast Florida Multiple Listing Service of the MIAMI Association of REALTORS®. It is deemed reliable but is not guaranteed accurate by the MLS, and it may have changed since the date above. It is provided for your personal, non-commercial use and may not be used for any purpose other than to identify properties you may be interested in purchasing. This listing is held by Coldwell Banker Realty. Julian Acosta is a real estate advisor with Compass.
A listing shown here may be held by a brokerage other than Compass. To report an error in this listing's information, write to julian.acosta@compass.com.





































37 PHOTOGRAPHS
SOLD · MAY 6, 2026
SOLD · JAN 30, 2026
SOLD · MAY 29, 2026
SOLD · DEC 5, 2025
SOLD · NOV 17, 2025
SOLD · MAY 15, 2026| 2025 | $561 | 1,504 |
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| 2026 to date | $571 | 1,338 |
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These figures are the market's closed sales as the MLS records them: this building's for a unit, a gated community's for a home inside one, and otherwise the sales of this kind of property in the home's market — for a home at $2,000,000 or more, only that market's sales from that price up. Which of these it is, is said above the figures. No snapshot is drawn from fewer than 5 sales of the last twelve months, and a median price per SF is stated only from 3 sales that state a living area. They are not sales by Julian Acosta, they are not an appraisal, and they say nothing of this home's price.
These are the public schools whose attendance zone holds this listing's location, as Miami-Dade County publishes the zones. A zone is not a guarantee of enrollment, the district can change it, and a listing's point on the map can sit a few meters from its lot: confirm the school with Miami-Dade County Public Schools before you rely on it. Distances are straight lines. The page states no rating of any school.
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