1231 PENN INC CONDO

1231 Pennsylvania Ave # 8, Miami Beach FL 33139

1 beds · 1 baths · 675 ft²

For Sale · Active Listing

$249,000

3.86%

Est. Payment $1,325/mo

MLS Sheet Video

1

Bedrooms

1

Bathrooms

675

Sq. Ft.

1965

Year Built

1

Garage

2

Stories

110

Days on Market

Description

0pportunity 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 . aAsigned parking and in-unit washer .Excellent opportunity .

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.
$369/ft²
Price per sq. mt.
$3,952/m²
Stories
2
Garage
1 spaces
Pool
—
Days on Market
110 days
Listed
May 16, 2026
Last Updated
Sep 29, 2026
Price/Lot Sq.Ft.
—

Comparable homes

Same ZIP, similar price + bedrooms.

Market insights for Miami Beach

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

Sellers market

September 2026

100/100
Buyers marketSellers market

48

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).

9/29/2026Price change$249,000-3.9%
5/16/2026Listed 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).

Location

1231 Pennsylvania Ave # 8, Miami Beach FL 33139Directions

Estimated Monthly Payment

$1,683/mo

Principal & Interest

$1,325

Property Tax

$208

Insurance

$150

HOA

$0

20% ($49,800)
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

Hablo Español

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Updated 11 hours ago

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