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Active Under ContractMLS listing sourceMIAMI REALTORS® MLS
Active Under ContractMLS® A11930559
$359,000

1027 Pennsylvania Avenue 302, Miami Beach, FL 33139

Beds
2
Baths
2
Sqft
790
Est. payment$3,049/mo
Home type
Condominium
Year built
1925
Lot size
—
Price / sqft
$454
HOA
$650/mo
Community
PENN PLAZA CONDO

Property 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.

Listing activity

Days on market
220
Listed
Dec 14, 2025
MLS listing updated
Sep 18, 2026
Feed last checked
9 minutes ago

Listed by Mario Rodriguez · Rise Realty

Map

Map location is based on MLS-supplied coordinates. Verify the location before relying on it.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms
2
Bathrooms
2
Bathrooms (decimal)
2
Full bathrooms
2
Half bathrooms
0

Rooms & features

Rooms
0
Flooring
Marble
Appliances
Electric Range, Refrigerator, Washer

Heating & cooling

Heating
Central
Cooling
Central Air
Property

Parking

Garage spaces
0
Carport spaces
0
Covered spaces
0

Exterior

Stories
3
Building area
790 sqft
Entry level
3
Fencing
Fenced
Waterfront property
No
Construction

Type & style

Home type
Condominium
Year built
1925
New construction
No

Materials

Construction
Concrete Block - No Stucco
Property condition
Updated/Remodeled
Utilities & green energy

Not reported by the listing source.

Community & HOA

Community

Subdivision
PENN PLAZA CONDO
MLS area
2420
Security
Entry - Phone/Intercom
Pets allowed
Cats OK, Yes
55+ community
Yes

Association

Has association
Yes
Association fee
$650 monthly
Estimated monthly dues
$650
Amenities
None
Services included
Common Areas, Hot Water, Insurance, Maintenance Grounds, Maintenance Structure, Sewer, Trash, Water
Lease details

Not reported by the listing source.

Location

Area details

City
Miami Beach
County
Miami-Dade
ZIP code
33139
Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number
A11930559
Possession
Close Of Escrow
Original list price
$399,000
Parcel number
0242032460060
Annual property tax
$4,270
Tax year
2024
Tax legal description
PENN PLAZA CONDO UNIT 302 UNDIV 6.28% INT IN COMMON ELEMENTS OFF REC 19856-2479 OR 21191-2135 032003 6 COC 25620-3699 05 2007 1
Additional MLS details

Reported by the listing source

Association Amenities
None
Association Fee Frequency
Monthly
Association Fee Includes
Common Areas, Hot Water, Insurance, Maintenance Grounds, Maintenance Structure, Sewer, Trash, Water
Association
Yes
Bathrooms Total Decimal
2
Bathrooms Total Integer
2
Building Area Total
790
Construction Materials
Concrete Block - No Stucco
County Or Parish
Miami-Dade
Days On Market
220
Elementary School
Miami Beach Fienberg / Fisher K-8
High School
Miami Beach
List Price
359000
Listing Contract Date
2025-12-14
Living Area
790
MLSArea Major
2420
Mls Status
Active Under Contract
On Market Date
2026-05-15
Photos Count
19
Postal Code
33139
Price Change Timestamp
2026-03-10T18:14:04Z
Property Sub Type
Condominium
Property Type
Residential
Rooms Total
0
Security Features
Entry - Phone/Intercom
Senior Community
Yes
Standard Status
Active Under Contract
State Or Province
FL
Status Change Timestamp
2026-07-22T14:36:47Z
Stories Total
3
Subdivision Name
PENN PLAZA CONDO
Tax Annual Amount
4270
Bathrooms Full
2
Bedrooms Total
2
Waterfront
No
Bathrooms Half
0
General Property Information: Senior Community
Yes
Financial Information: Estimated Monthly Assoc Recurring Fee
650

Market value

Automated estimate—No licensed valuation source connected
Estimated sales range—Ask Karim for a local market analysis
Estimated rent—No licensed rental valuation source connected

Price history

DateEventPrice
Dec 14, 2025ListedMIAMI REALTORS® MLS$399,000$505/sqft
Mar 10, 2026Price reducedMIAMI REALTORS® MLS$359,000$454/sqft

Public tax history

YearProperty taxesAssessment
2024$4,270—

Payment calculator

Estimated monthly payment$3,049/moIllustrative estimate, not a loan offer.
Principal & interest
$1,863
Property taxes
$356
Insurance
$180
Association dues
$650

Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.

Neighborhood

Area

PENN PLAZA CONDO

Miami Beach · Miami-Dade County · 33139

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

Miami Beach Fienberg / Fisher K-8Elementary
—
Miami BeachHigh
—
School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

Nearby homes

12 homes

Similar homes

12 homes
MLS listing source

MIAMI REALTORS® MLS · Listing courtesy of Rise Realty. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use and may be used only to identify prospective properties they may be interested in purchasing or leasing. Terms of use · Equal Housing Opportunity.