All listings
Pending
Pending1 / 19
Photo 1 of 19
Waterfront · Condominium
$175,000$268 / sqft
1185 Marseille Drive # 202, Miami Beach FL 33141
Listed
1
Bedrooms
1
Bathrooms
654 sqft
Interior
1960
Year built
$638 / mo
HOA
Condominium
Type
About this home
Welcome to this waterfront 1-bedroom, 1-bathroom condo in the desirable Normandy Isle neighborhood of Miami Beach. Enjoy beautiful water views that create a peaceful and relaxing setting right from home. Located in a charming boutique building that combines classic Miami Beach character with a great location. A key differentiator is the deeded, assigned parking space, a critical asset in this area where parking availability directly impacts long-term value and rental desirability. The building completed its recertification in 2021 and has reserves. Enjoy the tranquility of Normandy Isle while still being just minutes from everything Miami Beach has to offer. Conveniently located near local restaurants, cafés, grocery stores and neighborhood shops, with easy access to the beach, parks and outdoor recreation. Just moments from Normandy Shores Golf Club and Fairway Park, offering golf, green spaces and waterfront walking paths.
Features
- Second Floor Entry
- Other
- Open Balcony
- Canal
Leasing
- Minimum lease
- Not stated
- 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 1-bed rentals in Miami Beach, from 200 active listings; the middle half ask $2,300–$3,900.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.