Price reducedMLS® A11964830

$334,000

↓ Price reduced $5,000 on Sep 28, 2026

1027 Pennsylvania Avenue 206, Miami Beach, FL 33139

Beds: 2
Baths: 2
Sqft: 760

Est. payment$2,889/mo

Home type: Condominium
Year built: 1925
Lot size: —
Price / sqft: $439
HOA: $638/mo
Community: PENN PLAZA CONDO

Property description

Beautifully updated 2-bedroom condo in the center of South Beach. This bright and airy residence showcases an open floor plan with large windows that flood the space with natural light. Nestled on a quiet, tree-lined street in the historic Flamingo Park neighborhood, you’re just minutes from the beach, Lincoln Road, Española Way, Ocean Drive, and Flamingo Park’s tennis courts, pool, and running track. Located in a secure, well-maintained boutique building, this home offers the ideal combination of character and convenience. Perfect as a primary residence, vacation retreat, or turnkey investment in a high-demand rental market. No upcoming or pending assessments.

Listing activity

Days on market: 222
Listed: Feb 18, 2026
MLS listing updated: Sep 28, 2026
Feed last checked: 14 minutes ago

Listed by David Nguah · Douglas Elliman

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: Wood
Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer, Other
Furnished: Unfurnished
Other equipment: Other

Heating & cooling

Heating: Central
Cooling: Central Air

Property

Parking

Garage spaces: 0
Carport spaces: 0
Covered spaces: 0
Parking features: On Street
Attached garage: No

Exterior

Stories: 3
Building area: 760 sqft
Entry level: 1
Fencing: Fenced
View: Other
Waterfront property: No

Construction

Type & style

Home type: Condominium
Architectural style: Other
Year built: 1925

Materials

Construction: CBS

Utilities & green energy

Utilities

Electric: Circuit Breakers
Utilities: Cable Available

Community & HOA

Community

Subdivision: PENN PLAZA CONDO
MLS area: 2420
Security: Security Fence, Other
Pets allowed: Pet Restrictions Possible, Yes
55+ community: No

Association

Has association: Yes
Association fee: $638 monthly
Estimated monthly dues: $638
Amenities: None
Services included: Hot Water, 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: A11964830
Possession: Close Of Escrow
Original list price: $350,000
Parcel number: 0242032460170
Annual property tax: $4,210
Tax year: 2025
Tax legal description: PENN PLAZA CONDO UNIT 206 UNDIV 6.07% INT IN COMMON ELEMENTS OFF REC 19856-2479 OR 20900-1424 1202 1

Additional MLS details

Reported by the listing source

Association Amenities: None
Association Fee Frequency: Monthly
Association Fee Includes: Hot Water, Maintenance Grounds, Maintenance Structure, Sewer, Trash, Water
Association: Yes
Bathrooms Total Decimal: 2
Bathrooms Total Integer: 2
Building Area Total: 760
Construction Materials: CBS
County Or Parish: Miami-Dade
Days On Market: 222
Elementary School: Miami Beach Fienberg / Fisher K-8
High School: Miami Beach
List Price: 334000
Listing Contract Date: 2026-02-18
Living Area: 760
MLSArea Major: 2420
Mls Status: Active
On Market Date: 2026-02-18
Photos Count: 51
Postal Code: 33139
Price Change Timestamp: 2026-09-28T18:13:28Z
Property Sub Type: Condominium
Property Type: Residential
Rooms Total: 0
Security Features: Security Fence, Other
Senior Community: No
Standard Status: Active
State Or Province: FL
Status Change Timestamp: 2026-02-18T05:00:00Z
Stories Total: 3
Subdivision Name: PENN PLAZA CONDO
Tax Annual Amount: 4210
Bathrooms Full: 2
Bedrooms Total: 2
Waterfront: No
Bathrooms Half: 0
Financial Information: Estimated Monthly Assoc Recurring Fee: 638

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

Date	Event	Price
Feb 18, 2026	ListedMIAMI REALTORS® MLS	$350,000$461/sqft
Sep 28, 2026	Price reducedMIAMI REALTORS® MLS	$334,000$439/sqft

Public tax history

Year	Property taxes	Assessment
2025	$4,210	—

Payment calculator

Estimated monthly payment$2,889/moIllustrative estimate, not a loan offer.

Loan typeDown payment (%)Interest rate assumption (%)Loan termInsurance / month

Principal & interest: $1,733
Property taxes: $351
Insurance: $167
Association dues: $638

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.

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