1980 Biarritz Drive, Miami Beach, FL 33141 (MLS# A12039962)

1980 Biarritz Drive, Miami Beach, FL 33141

$1,549,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A12039962

Property Type: Commercial Sale Square Footage: 3,924 Status: Active

Current Price: $1,549,000 List Date: 6/19/2026 Last Modified: 10/27/2026

Overview

Description

Prime multifamily investment opportunity in the sought-after Normandy Isle neighborhood of Miami Beach. This well-maintained 5-unit building sits on a 6,662 SF lot and offers strong income potential with a favorable unit mix including three 1BD/1BA units, one 2BD and 1BA and one spacious 1BD/2BA penthouse residence. Ideally positioned near Normandy Park, community pool, local dining, cafés, shopping, and everyday conveniences, with easy access to Biscayne Boulevard, North Beach, and major transit routes. The property benefits from consistent rental demand driven by its central location and walkability. Excellent opportunity for investors seeking stable cash flow with future upside in one of Miami Beach’s most established rental submarkets.

Listing Details MLS# A12039962

General Property Information

Property Sub Type: Multi Family
Number Of Units Total: 3
Occupant Type: Tenant
Building Area Main: 3924
Year Built: 1951
Lot Size Area: 6662
Lot Size Acres: 0.15

Property Features

Common Area Maintenance Includes: Outside Insurance Documents Available: Aerial Photo(s); Copy Of Lease(s); Rent Rolls Flooring: Tile; Wood Heating: Window/Wall Location of Property: City Location Parking Features: On Street Possession: Close Of Escrow Property Condition: Resale Sale Includes: Building; Land; Leases Tenant Pays: Electricity; Interior Electric Construction Materials: Block Cooling: Wall/Window Unit(s) Listing Terms: Cash; Conventional Roof: Concrete Security Features: Fire Alarm; Smoke Detector(s) Sewer: Public Sewer Water Source: Public Showing Requirements: Call Listing Agent

Contract Information

Comp Sale YN: No
Original List Price: 1680000

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 1980
Street Name: Biarritz
Street Suffix: Drive
City Name: Miami Beach
Municipal Code: 2
State Or Province: FL
Postal Code: 33141
Postal Code +4: 4429
Area: 2320
Parcel Number: 0232100020880
Subdivision Number: 2
Zoning: 3900
Flood Zone: AE

Financial Information

Tax Annual Amount: 19343
Tax Year: 2025
Tax Legal Description: ISLE OF NORMANDY MIAMI VIEW SEC PART 1 PB 34-80 LOT 4 BLK 38 LOT SIZE 53.300 X 125 OR 14340-1297 1189 4

Status Change Information

Major Change Timestamp: 2026-10-05T20:57:52Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-10-05T20:57:52Z
Status Change Date: 2026-06-19

More Information

Income and Expenses

Gross Scheduled Income: 116640
Insurance Expense: 2205
Net Operating Income: 81992
Other Expense: 1860
Real Estate Taxes: 19343
Service Expense: 3760
Total Expenses: 34648
Trash Expense: 2700
Utilities Expense: 4780

Description of Unit Type 1

Unit Type: 1 Bedroom
Units Total: 3
Furnished: No
Annual Rent: 1810

Description of Unit Type 2

Unit Type: 1 Bedroom
Units Total: 3
Furnished: No
Annual Rent: 2050

Description of Unit Type 3

Unit Type: 1 Bedroom
Units Total: Yes
Furnished: No
Annual Rent: 2000

Description of Unit Type 4

Unit Type: 2 Bedroom
Units Total: Yes
Furnished: No
Annual Rent: 2050

Price Calculations

Current Price To SqFt: 394.75

Section Details

Parcel Number MLX: 0880

Originating Details

Originating System Key: 514350322
Originating System ID: M00000151

Listing Office: Miami Residential Group

Last Updated: October - 27 - 2026

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