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Single Family Residence
$975,000$719 / sqft
1300 Marseille Dr, Miami Beach FL 33141
Listed
2
Bedrooms
2
Bathrooms
1,356 sqft
Interior
1948
Year built
None
HOA
Single Family Residence
Type
About this home
Over-sized prime corner lot ideally located in Normandy Isle, Miami Beach. Detached converted garage, with plenty of distance from the main home, can be rented for income or used as in-law quarters. Handyman special that can be turned into the buyer's dream home or can be a great development opportunity. Plenty of room in the very private back yard for a swimming pool. Minutes from the new North Bay Village 'Island Walk' development. Island Walk is expected to boost property values significantly in the area. Walking distance, or within blocks of, restaurants, shopping, parks, public tennis courts, golf course, marinas, the beach, and Bal Harbour (about 10 minutes away).
Features
- First Floor Entry
- Garage Converted
- Separate Guest/In-Law Quarters
- Storage
- Utility Room/Laundry
- Room For Pool
- Other
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 2-bed rentals across Miami-Dade, from 153 active listings; the middle half ask $2,350–$3,750.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.