1231 PENN INC CONDO
1231 Pennsylvania Ave # 8, Miami Beach FL 33139
1 beds · 1 baths · 675 ft²
$259,000
Est. Payment $1,379/mo
1
Bedrooms
1
Bathrooms
675
Sq. Ft.
1965
Year Built
1
Garage
2
Stories
13
Days on Market
Description
Rare opportunity in the heart of South Beach! Bright and spacious 1 bedroom with den, assigned parking, in-unit washer & dryer, and a full kitchen — a major advantage compared to many South Beach studios with only kitchenettes. Functional layout with flexible den space ideal for a home office or guest area. Just blocks from Lincoln Road, Española Way, Flamingo Park, and only minutes from the beach. Enjoy being surrounded by top restaurants, cafés, shopping, nightlife, and everything that makes Miami Beach living unique. Excellent investor opportunity with tenant in place through June 2027 paying $2000/month, providing immediate rental income and an estimated 4,5% Unfurnished. ROI. Same owner also offers Unit #9, a studio + den residence featuring assigned parking and in-unit washer .Excellent opportunity for investors seeking multiple units in the same South Beach building.
Facts
- MLS#
- A12027093
- Subdivision
- 1231 PENN INC CONDO
- Property Type
- Residential
- Property Sub Type
- Condominium
- Year Built
- 1965
- Lot Size
- 0 sqft
- Sq. Ft.
- 675 ft²
- Sq. Mt.
- 63 m²
- Price per sq. ft.
- $384/ft²
- Price per sq. mt.
- $4,111/m²
- Stories
- 2
- Garage
- 1 spaces
- Pool
- —
- Days on Market
- 13 days
- Listed
- May 16, 2026
- Last Updated
- May 29, 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
May 2026
52
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).
| 5/16/2026 | Listed for sale | $259,000 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Estimated Monthly Payment
$1,744/mo
Principal & Interest
$1,379
Property Tax
$216
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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