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Listed price in listed location currency (USD).
$1,990,000

000

MLS® A11871019

Overview

Key Facts

Type Unimproved Land
Levels Land
Size -
Garage 
Taxes $17,672
Days Active 401
Lot Size 0.2 Acres
Approx. Age 
MLS® Number A11871019

Property Address: 1974 Marseille Dr, Miami Beach, FL, 33141-3418

Average square foot calculated using Size range provided by listing agent.

Description

Positioned on an 8, 822 SF lot with a 1, 968 SF existing building, this 4-unit property is already producing $4, 400/m giving a developer in-place income to help offset holding costs while advancing plans and permits. The attached plans envision a boutique 5-story, 12-unit multifamily with ground-level parking (11 spaces) and typical floors of three 2-bed/1-bath residences—about 10, 000 SF of living area across levels 2–5. Walkable to Normandy Isle Park & Pool and a short hop to Normandy Shores Golf Club—amenities that help lease quickly. Daily convenience via trolley to Collins Ave and Town Center, plus easy causeway access for commuters—broadening your renter pool beyond beach workers to mainland employment centers. **Request the full OM, plan set, and pro forma or schedule a site tour. Why this site works for developersIncome during entitlement — $4, 400/mo across 4 units reduces carry while you finalize approvals, line up GC bids, and prepare your construction loan package.Efficient unit mix — All proposed homes are 2 bed / 1 bath, a proven layout for strong absorption and attainable rents in this submarket—ideal for workforce-oriented, long-term hold strategies.Parking solved — 11 on-site spaces at the ground level streamline lease-up and reduce friction for residents and lenders alike. Right-sized scale — A 12-unit program offers operational simplicity, lower HOA/management complexity, and exit flexibility (sell as stabilized core-plus or refi and hold).Neighborhood fundamentals — Miami Beach’s North Beach/Normandy Isles precinct draws steady demand from renters seeking beach-adjacent living with everyday conveniences and quick causeway access to mainland employment corridors.
MLS® NumberA11871019
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C

Extras

Price History

Last Sold Price

$1,100,000$1.1M

Appreciation

--

Avg. Days Listed

260 days

Today, For Sale for $1,990,000

Photo 1
For Sale · 401 days

$1,990,000

MLS® A11871019

A year ago

Not Sold Yet

September 2025, For Sale for $1,990,000

Photo 1
For Sale · 401 days

$1,990,000

MLS® A11871019

A year ago

Not Sold Yet

November 2023, Sold for $1,100,000

Sold · 260 days

$1,100,000$1,340,000

MLS® A11348755

3 years ago

Sold on Nov 16, 2023

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