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1197 Marseille Dr, Unit 12
+3 more
$195K

Marseilles Unit 12

1197 Marseille Dr, Unit 12 • Miami Beach, FL 33141

at Marseilles

Beds
1
Baths
1
Living Area
589 SF
Price / SF
$331
HOA / Monthly
$515
Days on Market
87

About This Unit

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.

Pricing at Marseilles — $331/sqft
Marseilles Unit 12 is listed at $331/sqft.
Building-level comparison data is thin for this bedroom count — see Recent Comparable Sales below.
Based on live MIAMIRE active & closed listings at Marseilles.
Time on Market — 87 days
Marseilles Unit 12 has been on the market for 87 days.
Building-level pace data is thin for this bedroom count.
Price History
Originally listed at $200,000. Reduced to $195,000 on Feb 4, 2026 (after 79 days on market) — -2.5% (−$5,000).
Estimated Monthly Cost
Mortgage (P&I)
$1,059
HOA
$515
Property Tax
$198
Total / mo
$1,772
Assumes 7.20% rate on 20% down (30-year fixed). Tax effective rate 1.22%. HOA $0.87/sqft · All-in $3.01/sqft / month. Excludes wind / flood / contents insurance — verify your actual rate with a lender.

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What to Verify
Flood Zone: This unit is in flood zone AE. High-risk flood zone (Special Flood Hazard Area). Federal flood insurance required for federally-backed mortgages.
Building Age: Built in 1946 (80 years old) — past Florida's 40-year recertification trigger; verify milestone status.
Verify all of the above with the HOA before closing.
Building: Marseilles
Unit: 12
Year Built: 1946
Stories: 2
City: Miami Beach
Postal Code: 33141
HOA Fee: $515 / Monthly
View: Canal, Garden View
Waterfront: No
Private Pool: No
Heating: Window/Wall
Cooling: Wall/Window Unit(s)
Days on Market: 87
Listed: November 18, 2025
MLS #: A11912808

Location

Tour with Ricky

Schedule your private showing. Get pricing history, negotiation strategy, and the things the listing won't tell you.

Text or Call (305) 33-RICKY
That's (305) 337-4259
Email About This Unit
Ricky Garcia
Ricky Garcia
Ricky J. Garcia LLC
Licensed with Global Luxury Realty
Listing courtesy of: One Sotheby's International Realty
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11912808 • Updated Feb 13, 2026 • Photos uploaded 161 days ago — check listing for current condition.