Apartments Rive Marseilles Condo

$ 215,000
  • 1 bed
  • 1 bath
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Details
    • Listed on:
      April 21, 2026
    • Days on Market:
      -
    • Maintenance:
      n/a
    • Taxes:
      $ 3,704 per year
    • Year:
      1960
    • Furniture:
      Unfurnished
    • Floor Description:
      Ceramic Floor
    • Terms Considered:
      Cash, Conventional
    • View from Apartment:
      Canal, River, None
    • Parking:
      -
  • Interior Features:
    • Second Floor Entry
  • Exterior Features:
    • East Of Us1
    • None
  • Legal Description:
    200 east palmetto park condo unit ph -1
Description
Located in the heart of Normandy Isle, this spacious 1-bedroom, 1-bath residence at Rive Marseilles offers a clean, open layout with defined living and dining areas, designed for both comfort and functionality.

Positioned on the second floor, the unit features a bright and airy living space with natural light, seamlessly connecting to a dedicated dining area near the kitchen, creating a practical and intuitive flow for everyday living.

Set within a classic Miami Modern (MiMo) waterfront building, residents enjoy a gated community, pool deck overlooking the Normandy Waterway, and a quiet residential environment just minutes from the beach, Normandy Shores Golf Course, and local dining.

A key differentiator: the unit includes a 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 40-year recertification in 2015, reinforcing structural integrity and reducing near-term uncertainty for buyers.

Currently tenant-occupied through November 30, generating $1,650/month, offering immediate income for investors or a clear timeline for end-users planning future occupancy.

Ideal for both end-users seeking a primary residence in Miami Beach and investors targeting stable, long-term rentals, with a minimum 1-year lease policy in place.
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