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Waterfront · Townhouse
$1,500,000$662 / sqft
1985 Calais # 3, Miami Beach FL 33141
Listed
3
Bedrooms
4
Bathrooms
2,265 sqft
Interior
2013
Year built
$600 / mo
HOA
Townhouse
Type
About this home
Townhome for sale in Normandy Isles in Miami Beach. Situated just minutes away from the iconic Miami Beach shoreline, you'll have easy access to pristine beaches, world-class dining, shopping, and entertainment. With vibrant areas like South Beach and the famous Ocean Drive nearby, the excitement of Miami is at your doorstep. This townhome boasts 2265 square feet of living space, featuring 3 bedrooms and 4 full bathrooms, ideal for families or professionals looking for both comfort and flexibility. Just renovated with high-end finishes, this property includes sleek modern kitchens with stainless steel appliances and quartz countertops. The living areas feature large windows that let in tons of natural light, creating a bright and inviting atmosphere. Boat slips available.
Features
- First Floor Entry
- Barbeque
- Canal
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 1
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 3-bed rentals in Miami Beach, from 5 active listings; the middle half ask $8,000–$9,700.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.