14
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1415 Marseille Dr
About This Property
This listing is 24,131 SF, comprised of three separate folios: 02-3210-010-0040, 02-3210-010-0050, 02-3210-010-0060
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 29, 2026 | Price Decreased |
$6,990,000
↓ $210K
(2.9%) | |
| Price Decreased | |||
| Sep 15, 2026 | Listed by STL Advisors, LLC | $7,200,000 | |
| Listed by STL Advisors, LLC | |||
| Jun 5, 2023 | No longer available | - | |
| No longer available | |||
| May 4, 2023 | Price Decreased |
$5,600,000
↓ $150K
(2.6%) | |
| Price Decreased | |||
| Mar 8, 2023 | Listed by Official | $5,750,000 | |
| Listed by Official | |||
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Incredible opportunity to develop three adjacent homes on an oversized 24,000+ square foot lot. The property has been legally subdivided into three parcels and is shovel ready for immediate development. This extraordinary property offers an impressive 188-feet of water-frontage on a wide canal with access to Biscayne Bay. Plans are included and approved by the design board and are pending city acceptance. Located on Miami Beach’s premier neighborhood of Normandy Isles offering a park, Golf course, Tennis courts, and is conveniently located near the major hot spots throughout Miami.
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About Normandy Isles
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$5,500 /mo
- 1 Bed
- 1 Bath
- 820 ft²
$7,000 /mo
- 3 Beds
- 2 Baths
- 1,700 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017