$195,000
1197 Marseille Drive 12
Miami Beach, FL 33141
Explore the area: Miami Beach homes for sale · Miami Dade County real estate
Price Check
How this price compares
- List price
- $195,000
- Price per sq ft
- $331
- Original price
- $200,000
- Days on market
- 230
This 1-bedroom condo in Marseilles Condo is listed at $195,000, or $331 per square foot. The asking price has come down 2.5% from its original $200,000. It has been on the market for 230 days.
Estimated monthly payment
$1,025 /mo
Principal and interest only, based on $39,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $515/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $195,000
- Days on Site
- 230 Days
- Bedrooms
- 1
- Total Baths
- 1
- Full Baths
- 1
- Partial Baths
- 0
- Living Area
- 589 sqft
- Total Sq Ft
- 589 sqft
- Year Built
- 1946
- Property Type
- Condo
- MLS #
- A11912808
- Property Tax
- $2,378 (2025)
- HOA Fees
- $515 / Monthly
- Subdivision
- MARSEILLES CONDO
- County
- Miami Dade
- Status
- Active
About This Property
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.
Virtual TourGeneral Features
- Property Type
- Condo
- Status
- Active
- Year Built
- 1946
- Number of Stories
- 2
- Garage Spaces
- 0
- Parking
- On Street
- Living Sq Ft
- 589
- Total Sq Ft
- 589
Interior Features
- Appliances
- Electric Water Heater
- Cooling
- Wall Window Units
- Heating
- Wall Furnace
- Flooring
- Tile
- Interior Features
- Other
Exterior Features
- Construction
- Block
- Exterior Features
- Other
- View
- Canal / Garden
Community & HOA
- HOA Fee
- $515 / Monthly
- Association Amenities
- Maintenance Grounds / Laundry / Other
- Community Features
- Home Owners Association
- Security
- Security Fence
- Pets Allowed
- Pet Restrictions / Yes
- Financing Terms
- Other
- Restrictions
- See Remarks
- MLS Area
- 2320
Schools
- Elementary School
- Treasure Island
- Middle School
- Miami Beach Nautilus
- High School
- Miami Beach
About the Community
- Homes for Sale
- 1
- Median List Price
- $195,000
- Median $/Sq Ft
- $331
- Avg Days on Market
- 230
Frequently Asked Questions
- How do I schedule a tour of 1197 Marseille Drive 12, Miami Beach, FL 33141?
- Use the Tour button on this listing to request a showing of 1197 Marseille Drive 12, Miami Beach, FL 33141. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 1197 Marseille Drive 12, Miami Beach, FL 33141 still available?
- 1197 Marseille Drive 12, Miami Beach, FL 33141 is currently listed as Active, and has been on the market 230 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 1197 Marseille Drive 12, Miami Beach, FL 33141?
- With 20% down ($39,000) on the $195,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 1197 Marseille Drive 12, Miami Beach, FL 33141 is about $1,025/mo, before property taxes, insurance, and HOA dues. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 1197 Marseille Drive 12, Miami Beach, FL 33141?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 1197 Marseille Drive 12, Miami Beach, FL 33141. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Does 1197 Marseille Drive 12, Miami Beach, FL 33141 have an HOA fee?
- Yes: 1197 Marseille Drive 12, Miami Beach, FL 33141 carries an HOA fee of about $515 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
- What schools serve 1197 Marseille Drive 12, Miami Beach, FL 33141?
- 1197 Marseille Drive 12, Miami Beach, FL 33141 is zoned for Treasure Island (elementary), Miami Beach Nautilus (middle), Miami Beach (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 1197 Marseille Drive 12, Miami Beach, FL 33141?
- Often, yes. The right offer on 1197 Marseille Drive 12, Miami Beach, FL 33141 depends on how it's priced against comparable condo sales in Miami Beach, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of One Sotheby's International Realty
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.
$195,000
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Listed by Hannah Francois, One Sotheby's International Realty
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Recent Sales
Recently sold homes in Marseilles Condo
These are the last 3 recorded closings in Marseilles Condo, with the price each home actually sold for rather than what it was listed at. They closed at a median of $314 per square foot. The most recent closed on September 18, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$220,000
Sold · September 18, 2026
1201 Marseille Drive 17
1 bed · 1 bath · 589 sqft · $374/sqft
$9,900 under the asking price
Sold$177,500
Sold · September 3, 2026
1195 Marseille Drive 5
1 bed · 1 bath · 589 sqft · $301/sqft
$7,500 under the asking price
Sold$185,000
Sold · September 11, 2025
1205 Marseille Drive 27
1 bed · 1 bath · 589 sqft · $314/sqft
$4,000 under the asking price
See every recorded sale in Marseilles Condo or find out what your Marseilles Condo home is worth.
