$2,095,000
Active
2d
$2,095,000
4531 Sheridan
Miami Beach, FL 33140
4 bd2 ba1,855 sqft
Surprise Lake
$1,990,000262 days on marketActive
1974 Marseille Drive, Miami Beach, FL 33141
Miami Beach, FL 33141
0
Sq Ft
0.2 acres
Lot Size
Listing Snapshot
| List Price | $1,990,000 |
| Beds | 0 |
| Baths | 0 |
| Living Area | 0 sqft |
| Lot Size | 0.2 acres |
| Property Tax | $17,672/yr |
| MLS # | 1131369879 |
| Status | Active |
| Days on Market | 262 |
About This Home
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.
General Features
- Property Type
- Land
- Sub-type
- UnimprovedLand
- Direction Faces
- North
- Zoning
- 3900
- Subdivision
- ISLE OF NORMANDY MIAMI VI
Interior Features
Exterior Features
- Lot Features
- Other
- Waterfront
- No
Community Features
- MLS Area
- 2420
Map
Virtual Tour
View Virtual TourListed by Mauricio Villasuso · Fausto Commercial Realty Consultants Inc
MLS# 1131369879 · BEACH
Information deemed reliable but not guaranteed. © 2026 BEACH.
MLS# 1131369879 · BEACH
Information deemed reliable but not guaranteed. © 2026 BEACH.
Interested in this home?
Schedule a showing or ask a question — buyer representation is free.
Estimate Your Payment
$
20% down · Loan: $1,592,000
%
Est. Monthly$12,333
Principal & Interest$10,860
Property Tax$1,473
Estimate only. Does not include insurance or PMI. Rate is illustrative — contact us for current rates.
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