1550 Drexel Avenue

1550 Drexel Avenue is a condo located in Flamingo - Lummus, Miami Beach.

Interested in learning more about the building? There are many great amenities and features for residents in the building. Both dogs and cats are allowed in the building! There are 12 closings on record, of which we have matching data for 3 listings. In the past 3 years, a listing in this building will typically remain on the market for about 135 days and tend to sell below the original asking price of $247,000 by 7.42%. Meaning, listings tend to sell at a median of $449 price per square foot. The transaction that took the longest to complete was unit 207, listed on Sep 13, 2022 for $247,000. This particular unit ultimately sold 282 days later for $230,000. The most recent transaction was for unit 102, which was first advertised on Oct 19, 2023, sold for $257,000 on Nov 28, 2023. Fun fact, the oldest transaction we have on record took place on Mar 26, 1998. See the full transaction history for 1550 Drexel Avenue below.

Flamingo - Lummus, where 1550 Drexel Avenue is located, has a median asking price of $295,000 for condo buildings. Meanwhile, the building itself has a median asking price of $247,000. For interested buyers, that means the building's median asking price is around 0.16% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

There are currently 2 active listings for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. Currently, the most expensive asking price for all of the active units in the building is $239,000. It is a 420 sqft 1 bedroom and 1 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $224,900. It is a 420 sqft 1 bedroom and 1 bathroom unit. A breakdown of active listings shows no studio, 2 one-bedroom, no two-bedroom, no three-bedroom, and no four-bedroom plus units for sale! The median price of all the active units for sale in the building is $231,950. Collectively, the median square footage of these active units for sale is 420 sqft. Active units for sale at 1550 Drexel Avenue have a median count of 1 bedrooms and have a median count of 1 bathroom.