All listings
Active
Active1 / 11
Photo 1 of 11
Condominium
$195,000$331 / sqft
1197 Marseille Dr # 12, Miami Beach FL 33141
Listed
1
Bedrooms
1
Bathrooms
589 sqft
Interior
1946
Year built
$515 / mo
HOA
Condominium
Type
About this home
Discover this charming and spacious 1 bed/1bath apartment with an open-plan kitchen and living area, perfectly situated in the serene Normandy Island neighborhood. Enjoy the surroundings of the island, including a children’s park, riverside promenade, and nearby tennis courts, all adding to the community’s appeal. This gated top-floor residence offers security and comfort in a peaceful environment just minutes from the vibrant South Beach area. Whether you want to make this your home or grow your investment portfolio, this property provides excellent flexibility. A reliable, long-term tenant has occupied the unit for years, offering a steady rental income. With the option for unfurnished rental at $1,700 per month. Embrace the balance of tranquility and accessibility in Normandy Island.
Features
- Second Floor Entry
- Other
- Canal
- Garden View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- Okay To Lease 1st Year
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
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 1-bed rentals in Miami Beach, from 200 active listings; the middle half ask $2,350–$4,500.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.