Miami Art Week 2026Upcoming
15 exhibitions within 1 mile
Art Week Score 77 · #3 in South Beach
#3 in South Beach · #3 in Miami
Nearest: Aqua Art Miami, <0.1 mi away
For sale
4
0 pending · 16.0 mo supply
Median asking
$407K
from $295K
Median $/sqft
$623/sqft
$500/sqft sold, 12 mo
Days on market
14
203 to sell · 3 in 12 mo
0 of 4 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.
Publix IndexLive now
47 / 100
Nearest Publix: Publix at Publix Super Market, 0.8 mi
#123 in South Beach · #483 in Miami
Excellent urban planning.
3 Publix stores nearby
Crane IndexLive now
Tower sites within 1 km: 2
Within 500 m: 1 · within 250 m: 0
Nearest tower site: Ritz-Carlton Residences South Beach, 0.3 mi
2 tower sites nearby
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
60
/ 100
B
own.miami Score
A data-grounded score for Drake from live market data — value, momentum, liquidity, building health, waterfront and age. Computed, not opinion.
Value25
$590/sqft — vs. South Beach condos, then all of Miami
Momentum91
+26.6% $/sqft over 6 months
Liquidity52
20.0 months of supply · 4 days on market
Health100
3 verified records: DBPR complaints · Rental restrictions
Waterfront55
Not waterfront
Age5
Built 1937 — vs. South Beach buildings
own.miami Condo Index
87At market100 = the median Miami condo building's price per sq ft; 200 = twice it.
Rank
#444 of 698 tracked Miami condos
Top 64% by price per sq ft
#103 of 121 in South Beach
Momentum
↑ Rising
$590/sqft median ask
Liquidity
Warm
Want the inside track on Drake?
Get new listings here before the portals, and a straight answer from someone who knows the building.
Inventory
$360,000May 6, 2026
2 bd · 2 ba · 720 sqft
1460 Ocean Dr #305
Listing courtesy of Compass Florida, LLC, Sheree Saint Victor (Lic. #3503192) · MLS #A11880220
#506 (406)
Drake
$799,000Nov 17, 2025
3 bd · 2.5 ba · 1,220 sqft
1460 Ocean Drive #506 (406)
Listing courtesy of Charles Rutenberg Realty FTL, Agustin Tome (Lic. #3252368) · MLS #F10521198
$370,000Jul 3, 2025
2 bd · 2 ba · 990 sqft
1460 Ocean Dr #204
Listing courtesy of Howard Chase Real Estate, LLC, Nelly Macias (Lic. #3047440) · MLS #A11735910
#208
Drake
$120,000Feb 27, 2026
2 bd · 1.5 ba · 890 sqft
1460 Ocean Drive #208
Listing courtesy of Corte Real Estate Group LLC, Ugo Cortesano (Lic. #3358320) · MLS #A11725498
$315,000Jun 16, 2025
2 bd · 2 ba · 670 sqft
1460 Ocean Dr #302
Listing courtesy of Orange Realty Miami, Nadia Chinello (Lic. #3306316) · MLS #A11658537
Sold $/sqft trend
3-month rolling median of closed sales in Drake; bars are closings per month.
Location
Nearby buildings within half a mile.
Building facts
- Address
- 1460 Ocean Drive
- Year built
- 1937
- Floors
- 4
- Residences
- 30
- Developer
- South Ocean Beach Properties, Inc.
- 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
WatchPublic records checked Oct 29, 2026 (Miami-Dade Clerk, civil docket, Florida DBPR).
Verified records
- InfoSpecial assessment reported as paid — noted on 1 listingsOct 22, 2026
Source: MLS listing remarks
- Positive40-year recertification completedOct 22, 2026
Source: MLS listing remarks
- WatchDBPR complaintsApr 21, 2026
Florida DBPR Division of Condominiums public complaint record for association licence MA00020841: 3 complaints in the last 36 months (1 open, 0 with discipline, 0 closed with a letter). A complaint is an allegation; only dispositions are findings. Investigations are confidential and not counted.
Source: health.src.dbpr
- Listings report the 40-year recertification completed
- Verified: open or disciplined DBPR complaints against the association
- Listings note no special assessment currently
- 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.
Financeability
What the banks say about Drake: recorded purchase mortgages, the down payments they accepted, and the programmes in use.
No bank mortgages recorded here in the last two years. That is not a verdict on the building — many condos trade for cash — only the absence of a signal.
Source: Miami-Dade County official records and the FHA/VA approval lists. Aggregates only; individual instruments are never shown. Compare with South Beach
Flooding and storm surge
Public flood data at this building’s location, read Oct 22, 2026.
- FEMA flood zone
- Zone AE: high-risk area. FEMA maps a 1% yearly chance of flooding here.
- Base flood elevation on the map: 8.0 ft.
- Hurricane evacuation zone
- Zone B
- Miami-Dade storm surge planning zones run from A (called first) to E. The county decides which zones evacuate in a storm.
- Ground at the building
- 7.2 ft
- Lowest nearby street
- 5.0 ft
- Highest predicted tide, 2026
- 1.0 ft
Elevations in feet above the NAVD88 datum.
The lowest street next to this building sits 4.0 ft above this year’s highest predicted tide (Oct 27, 2026).
Estimated from public data, not a flood determination. Check the FEMA flood map and an elevation certificate for this building.
Legal & Regulatory
No material litigation foundCivil court cases involving the condominium association, classified by what they are about. Routine collections against individual owners are counted separately and do not affect the building’s standing.
- Active material lawsuits
- 0
- Owner / association disputes
- 0
- Routine collection cases
- 0
- DBPR complaints
- 3
- Open DBPR complaints
- 1
DBPR registration PR1V022478 · Approved,Recorded. Public complaints on record with the Florida Division of Condominiums; investigations are confidential and not counted.
Court records are matched to the association by name and summarized by us; a case is a claim, not a finding. Ask the association for its litigation disclosure before buying.
Frequently asked
How much do condos at Drake cost?+
There are 4 condos for sale at Drake, from $295,000, with a median asking price of $407,000 ($623/sqft).
How much are the HOA fees at Drake?+
HOA / maintenance fees at Drake run around $905 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.
When was Drake built?+
Drake was built in 1937, 4 stories, 30 residences.
Who developed Drake?+
Drake was developed by South Ocean Beach Properties, Inc..
Stay ahead
Interested in Drake?
We track every listing here, every day. Get the next one before it hits the portals — and a straight answer from someone who knows the building.
If you like Drake, compare
Embed this building
Add a live Own Miami card to your site or blog — it updates automatically. See all widget options →
<iframe src="https://own.miami/embed/building/drake" width="440" height="230" style="border:0;max-width:100%" loading="lazy" title="Own Miami building card"></iframe>