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Waterfront · Condominium
$220,000$259 / sqft
1255 Marseille # 21, Miami Beach FL 33141
Listed
2
Bedrooms
1
Bathrooms
850 sqft
Interior
1957
Year built
$816 / mo
HOA
Condominium
Type
About this home
Discover the pleasure of waterfront lving at Marseille Deco condo, a distinctive Art Deco condominium nestled along the scenic waterway of Normandy Isle. Conveniently situated on the first floor, this 2/ 1 spans a spacious 850 sq ft, offering ample living space and plenty of storage options. Recently updated with new flooring and a fresh coat of paint. Embrace the waterfront lifestyle with access to a swimming pool, BBQ areas, and picturesque views of the waterway. Enjoy paddle boarding, kayaking, or fishing right from your backyard. Enjoy proximity to Normandy Square, shops, grocery stores, and restaurants, all within walking distance. See pics with virtual staging. unit is currently rented for $1,950 per month.
Features
- First Floor Entry
- Other
- Barbeque
- Garden View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- No Daily Rentals
- Ok To Lease
- 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.
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 in Miami Beach, from 200 active listings; the middle half ask $3,595–$10,000.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.