PENN PLAZA CONDO

1027 Pennsylvania Ave # 302, Miami Beach FL 33139

2 beds · 2 baths · 790 ft²

For Sale · Active Listing

$359,000

10.03%

Est. Payment $1,911/mo

MLS Sheet Video

2

Bedrooms

2

Bathrooms

790

Sq. Ft.

1925

Year Built

3

Stories

145

Days on Market

Description

Seller is motivated and has repositioned this beautifully renovated 2-bedroom, 2-bath condo in the heart of South Beach to attract immediate interest. Previously listed at $385,000, the new price of $359,000 presents an exceptional opportunity for buyers seeking a turnkey residence or investment in one of Miami Beach’s most desirable neighborhoods. Located at 1027 Pennsylvania Ave #302, this fully renovated residence features modern finishes throughout, including updated flooring, a contemporary kitchen with quartz countertops and new appliances, upgraded lighting, and redesigned bathrooms. The bright layout offers comfortable living spaces and a clean, modern aesthetic ready for immediate occupancy. Situated on a charming tree-lined street in the Flamingo Park neighborhood, the building is moments from the beach, Lincoln Road, Española Way, and Flamingo Park’s tennis courts, pool, and athletic facilities. With the seller strategically reducing the price to generate strong buyer interest and move the property quickly, this is an excellent opportunity for end-users or investors to secure a renovated South Beach property at a compelling value.

Facts

MLS#
A11930559
Subdivision
PENN PLAZA CONDO
Property Type
Residential
Property Sub Type
Condominium
Year Built
1925
Lot Size
0 sqft
Sq. Ft.
790 ft²
Sq. Mt.
73 m²
Price per sq. ft.
$454/ft²
Price per sq. mt.
$4,918/m²
Stories
3
Garage
Pool
Days on Market
145 days
Listed
Dec 14, 2025
Last Updated
May 15, 2026
Price/Lot Sq.Ft.

Market insights for Miami Beach

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

May 2026

100/100
Buyers marketSellers market

45

Median days to sold

+4.5%

1-year price forecast (est.)

Price & tax history

From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).

3/10/2026Price change$359,000-10.0%
12/14/2025Listed for sale$399,000

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Location

1027 Pennsylvania Ave # 302, Miami Beach FL 33139Directions

GreatSchools Summary Ratings

Public + private K-12 schools within 5 miles of this listing.

GreatSchoolsData provided by GreatSchools.org © 2026. All rights reserved.

Estimated Monthly Payment

$2,360/mo

Principal & Interest

$1,911

Property Tax

$299

Insurance

$150

HOA

$0

20% ($71,800)
7.00%
30 years
1.00% (FL avg ~1.0%)
$0/mo
$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Rangely Adames

Sales Associate | Sunland Group

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Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.

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