Atlantic Luxury Advisors
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1460 Ocean #205

Miami Beach, FL 33139

$425,000
2
2
910 sq ft
1937
Condominium
$1,200/mo
138
Active

Listing courtesy of The Keyes Company (David T Seif). Contact: [email protected].

About this home

Beautifully updated Drake residence blending timeless Art Deco charm with a modern coastal feel. Enjoy an updated kitchen, renovated baths, and grey wood-look luxury vinyl flooring. Ideally located within walking distance to the beach, restaurants, shopping, and nightlife. This unique two-story residence features a rare two-level layout that provides the privacy and flow of a townhouse space within a classic Art Deco setting. Best access to The Drake Hotel Miami Beach is via Collins Avenue. From I-95, take I-195 East (Julia Tuttle Causeway), continue onto Arthur Godfrey Rd, then head south on Collins Avenue to the property. Alternatively, from MacArthur Causeway, head north on Collins Avenue. Parking options include metered street parking along Collins Avenue and nearby side streets, as well as several public parking garages within walking distance. Nearby garages typically include options on 7th Street and 12th Street, providing convenient short- and long-term parking for residents and guests.

What it costs to own
Estimated monthly payment
$4,208/mo
Principal and interest
$2,149
Property tax
$592
Homeowners insurance
$267
HOA
$1,200

An estimate, not a loan offer. The rate and insurance are assumptions to edit with your own quotes; Florida insurance varies widely by age, construction and distance to the coast. Flood insurance and PMI are not included.

Florida cost of ownership
Estimated property tax
$7,099/yr

Estimate: the price times the Miami-Dade County average total millage (18.49 mills, Florida Department of Revenue, 2025 average total millage by county), less the homestead exemptions. The actual bill depends on the city, the assessed value and special assessments. Save Our Homes then caps annual assessment increases at 3% or inflation, whichever is lower.

HOA
$1,200/mo (from the listing)
FEMA flood zone
Zone AE, special flood hazard area

Inside the 1% annual chance floodplain. Lenders require flood insurance on a financed home; ask for the elevation certificate.

Hurricane evacuation zone
Zone B: ordered to evacuate for Category 1 hurricanes and stronger.

Sources: FEMA National Flood Hazard Layer and the Florida Division of Emergency Management evacuation zones, looked up at the listing point. Confirm with an elevation certificate and your insurer.

Location

Listing data provided by the Southeast Florida Multiple Listing Service (MIAMI REALTORS®). The data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by the MLS. Atlantic Luxury Advisors is a real estate team at Keller Williams Realty. Payment, tax and flood figures on this page are estimates by Atlantic Luxury Advisors, not MLS data.