PENN CONDO
1228 Pennsylvania Ave # 7, Miami Beach FL 33139
2 beds · 1 baths · 700 ft²
$330,000
Est. Payment $1,756/mo
2
Bedrooms
1
Bathrooms
700
Sq. Ft.
1961
Year Built
1
Garage
2
Stories
97
Days on Market
Description
Turnkey 2-bedroom, 1-bath condo in the heart of Miami Beach — ideal for savvy investors. Currently rented at $2,700/month through March 2027, offering immediate and stable cash flow from day one. Features include a bright, open layout with modern finishes, full appliance package, one assigned parking space, and an open balcony/patio. The building has passed its 40-year certification, with a new roof installed last year and exterior repainting currently in progress, enhancing both curb appeal and long-term value. With 365 lease days allowed per year, this is a streamlined addition to any South Florida investment portfolio. Minutes from the beach, dining, shopping, and entertainment. Cash only.
Facts
- MLS#
- A11989126
- Subdivision
- PENN CONDO
- Property Type
- Residential
- Property Sub Type
- Condominium
- Year Built
- 1961
- Lot Size
- 0 sqft
- Sq. Ft.
- 700 ft²
- Sq. Mt.
- 65 m²
- Price per sq. ft.
- $471/ft²
- Price per sq. mt.
- $5,077/m²
- Stories
- 2
- Garage
- 1 spaces
- Pool
- —
- Days on Market
- 97 days
- Listed
- Mar 25, 2026
- Last Updated
- Jun 30, 2026
- Price/Lot Sq.Ft.
- —
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Market insights for Miami Beach
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
July 2026
42
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).
| 3/25/2026 | Listed for sale | $330,000 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
GreatSchools Summary Ratings
Public + private K-12 schools within 5 miles of this listing.
Joe Hall Elementary SchoolPK,KG,1,2,3,4,5 · public · 0.5 mi
- Little Angels Preschool Corporation
KG · private · 0.5 mi
- Mother Of Christ Catholic School
KG,1,2,3,4,5,6,7,8 · private · 0.6 mi
- Just Kids Centers
PK,KG,1,2,3,4,5 · private · 0.7 mi
- Lincoln Marti Community Agency 43
PK,TK,KG,1 · private · 0.7 mi
- Lincoln Marti Child Care Center-143rd Ave
PK,KG · private · 0.7 mi
- Just Kids Centers Inc
PK,TK,KG,1,2,3 · private · 0.7 mi
- International School of Miami
KG,1 · private · 0.7 mi
- International School Of Miami
KG,1,2 · private · 0.7 mi
- Future Leaders Of World Dc
PK,KG · private · 0.7 mi
Data provided by GreatSchools.org © 2026. All rights reserved.Estimated Monthly Payment
$2,181/mo
Principal & Interest
$1,756
Property Tax
$275
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.
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.
Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.
Updated within 24 hours
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