Own South Beach

Drake

1460 Ocean Drive · Built 1937 · 4 floors · 30 residences

2 for sale
For sale
2
0 pending · 8.0 mo supply
Median asking
$408K
from $390K
Median $/sqft
$453/sqft
$500/sqft sold, 12 mo
Days on market
71
203 to sell · 3 in 12 mo

0 of 2 are priced $450K+ and browsable on own.miami; the stats above cover every unit for sale.

The Drake is an Art Deco building located on Ocean Drive in South Beach. The building features a blend of timeless Art Deco charm and a modern coastal feel, and it has been nicely remodeled.

Situated across from the beach, the building is within walking distance of various shops, restaurants, and nightlife. The property offers a unique two-story layout and a rooftop terrace with views of the South Beach area.

Live near more of Miami

What surrounds Drake: seasonal events, annual programs and lifestyle indexes, measured from the building.

Distances are straight-line, not walking or driving.

Getting around

South Beach is a walkable urban neighborhood. Transit, parks, dining and landmarks within reach:

Ocean DriveLincoln RoadSouth Pointe ParkMiami Beach BoardwalkEspañola Way
71
/ 100
A−
own.miami Score

A data-grounded score for Drake from live market data — value, momentum, liquidity, building health, waterfront and age. Computed, not opinion.

Value84
$453/sqft — vs. Miami condos
Momentum93
+26.6% $/sqft over 6 months
Liquidity63
8.0 months of supply · 71 days on market
Health90
No verified records yet — listing signals only
Waterfront55
Not waterfront
Age0
Built 1937
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Inventory

Sold $/sqft trend

3-month rolling median of closed sales in Drake; bars are closings per month.

$461$577$694Nov 2025Feb 2026Apr 2026May 2026Aug 2026Sep 2026

Location

Nearby buildings within half a mile.

Building facts

Address
1460 Ocean Drive
Year built
1937
Floors
4
Residences
30
Waterfront
No

Amenities

  • · Rooftop terrace

Building rules

Parking
Parking options include metered street parking along Collins Avenue and nearby side streets, as well as several public parking garages within walking distance.

Special assessments & recertification outlook

Elevated
  • Built 1937 — past its first structural milestone; next inspection around 2032

Estimated from Drake’s age and signals in active listings — not an official inspection or reserve report. Always verify the building’s milestone-inspection status and reserves with the association before buying.

Frequently asked

How much do condos at Drake cost?+

There are 2 condos for sale at Drake, from $390,000, with a median asking price of $407,500 ($453/sqft).

Is Drake a good time to buy?+

Drake currently has about 8.0 months of supply — a balanced pace.

How much are the HOA fees at Drake?+

HOA / maintenance fees at Drake run around $1,305 per month among units currently for sale; the exact fee varies by unit size and line, so confirm the current amount with the listing or the condo association.

Is Drake a waterfront building?+

Drake is not directly on the water.

When was Drake built?+

Drake was built in 1937, 4 stories, 30 residences.

Stay ahead
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