ActivePhoto 1 of 17
Listed
CHARMING CORNER LOT HOME IN NORMANDY ISLE MIAMI BEACH DISCOVER A CHARMING HOME IN THE SOUGHT-AFTER NORMANDY ISLE NEIGHBORHOOD OF MIAMI BEACH, JUST A SHORT WALK FROM THE BEACH! SITUATED IN A DESIRABLE CORNER LOT, THE PROPERTY OFFERS A WONDERFUL COMBINATION OF CHARACTER, LOCATION AND POTENTIAL. THE HOME IS CURRENTLY SPLIT INTO TWO LIVING SPACES WITH A GREAT TENANT IN PLACE MAKING IT AN ATTRACTIVE OPPORTUNITY FOR BOTH HOMEOWNERS AND INVESTORS. NICE FLOOR PLAN AND RECENT IMPACT WINDOWS. BEAUTIFUL SPACIOUS YARD WITH PLENTY OF ROOM TO CREATE YOUR OWN OUTDOOR OASIS - INCLUDING SPACE FOR A PERGOLA AND A POOL. A 3/2 EASILY CONVERTED BACK AS TENANT IS ON A MONTH TO MONTH. THE NEIGHBORHOOD HAS A WELCOMING FAMILY ORIENTED FEEL WITH A GOLF AND COUNTRY CLUB NEARBY AND THE BEACH AT WALKING DISTANCE.
Approximate — shows the building, not the unit. Open in maps
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 19 active listings; the middle half ask $6,500–$17,500.That is what landlords ask, not what units let for — edit it if you know better.
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.
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
Illustration only — not a loan offer, quote, or commitment. We are not a lender and neither offer nor arrange financing. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Request a private or video tour with a local agent.