PENN PLAZA CONDO

1027 Pennsylvania Ave # 201, Miami Beach FL 33139

2 beds · 2 baths · 930 ft²

For Sale · Active Listing

$425,000

Est. Payment $2,262/mo

MLS Sheet Video

2

Bedrooms

2

Bathrooms

930

Sq. Ft.

1925

Year Built

3

Stories

5

Days on Market

Description

Experience elevated South Beach living in this beautifully remodeled 2 bedroom, 2.5 bathrooms residence offering approximately 930 sq. ft. in the heart of Miami Beach. Thoughtfully updated with a fresh, modern feel throughout, this move-in-ready home offers the perfect combination of style, comfort, location, and investment potential. Enjoy the convenience of living just moments from the beach and surrounded by the best of Miami Beach, including renowned dining, shopping, entertainment, nightlife, Flamingo Park, Lincoln Road, and the vibrant South Beach lifestyle. Whether you're searching for a stylish primary residence, a Miami Beach retreat, or an investment property, this residence offers exceptional versatility. Leasing is permitted, providing an attractive opportunity for investors while also making this an ideal home for those looking to enjoy the Miami Beach lifestyle year-round. Completely remodeled, ideally located, and ready for its new owner. A fantastic opportunity to own a beautifully updated residence in one of South Florida's most iconic destinations. Association approval required.

Facts

MLS#
A12066696
Subdivision
PENN PLAZA CONDO
Property Type
Residential
Property Sub Type
Condominium
Year Built
1925
Lot Size
0 sqft
Sq. Ft.
930 ft²
Sq. Mt.
86 m²
Price per sq. ft.
$457/ft²
Price per sq. mt.
$4,942/m²
Stories
3
Garage
Pool
Days on Market
5 days
Listed
Aug 6, 2026
Last Updated
Aug 11, 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

August 2026

100/100
Buyers marketSellers market

50

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).

8/6/2026Listed for sale$425,000

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 # 201, Miami Beach FL 33139Directions

Estimated Monthly Payment

$2,766/mo

Principal & Interest

$2,262

Property Tax

$354

Insurance

$150

HOA

$0

20% ($85,000)
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

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

Similar listings nearby

More homes in Miami Beach around $425,000.

Call NowWhatsApp