# Drake

As of 2026-11-01, Drake in South Beach has 4 units for sale at a median asking price of $407K ($623/sqft); 3 units sold in the last 12 months.

The Drake is an Art Deco building located in the heart of South Beach.

## Key facts

| | |
|---|---|
| Address | 1460 Ocean Drive |
| Neighborhood | South Beach |
| Year built | 1937 |
| Floors | 4 |
| Units | 30 |
| Waterfront | no |
| Developer | South Ocean Beach Properties, Inc. |
| For sale | 4 |
| Pending | 0 |
| Median asking price | $407,000 |
| Median asking $/sqft | $623/sqft |
| Sold, last 12 months | 3 |
| Median sold $/sqft, 12 months | $500/sqft |
| Months of inventory | 16.0 |
| Median HOA | $905/mo |
| Parking | Parking options include metered street parking along Collins Avenue and nearby side streets, as well as several public parking garages within walking distance. |

## Own Miami measures

- **own.miami Building Score: 60 (B)**
  - Value: 25 — $590/sqft — vs. South Beach condos, then all of Miami
  - Momentum: 91 — +26.6% $/sqft over 6 months
  - Liquidity: 52 — 20.0 months of supply · 4 days on market
  - Health: 100 — 3 verified records: DBPR complaints · Rental restrictions
  - Waterfront: 55 — Not waterfront
  - Age: 5 — Built 1937 — vs. South Beach buildings
- **Own Miami Condo Index: 87** (market; 100 = the market-median building, 200 = twice its $/sqft; rank 444 of 698 tracked Miami condos)
- Special-assessment outlook: watch (next structural milestone inspection due 2032)

## Building health (verified public records)

- Public records checked 2026-10-29
- info: Special assessment reported as paid — noted on 1 listings (2026-10-22)
- positive: 40-year recertification completed (2026-10-22)
- watch: DBPR complaints — 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. (2026-04-21)
- Legal & regulatory: 0 material cases active, 0 disputes active, 3 DBPR complaints (36 months)

## Frequently asked questions

**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..

## Related pages

- [South Beach — neighborhood guide](https://own.miami/south-beach)
- [All units for sale at Drake](https://own.miami/buildings/drake/for-sale)
- [Jasmine](https://own.miami/buildings/jasmine)
- [1446 Lenox](https://own.miami/buildings/1446-lenox)
- [Beachway](https://own.miami/buildings/beachway)
- [Empire](https://own.miami/buildings/empire)

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Source: Own.Miami — https://own.miami · data as of 2026-11-01
Canonical page: https://own.miami/buildings/drake
License: CC BY 4.0 — https://creativecommons.org/licenses/by/4.0/
Methodology: https://own.miami/methodology · For AI assistants: https://own.miami/for-ai