Price reducedMLS® A12027093

$249,000

↓ Price reduced $1,000 on Sep 29, 2026

1231 Pennsylvania Avenue 8, Miami Beach, FL 33139

Beds: 1
Baths: 1
Sqft: 675

Est. payment$2,494/mo

Home type: Condominium
Year built: 1965
Lot size: —
Price / sqft: $369
HOA: $768/mo
Community: 1231 PENN INC CONDO

Property 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 .

Listing activity

Days on market: 136
Listed: May 16, 2026
MLS listing updated: 13 hours ago
Feed last checked: 12 minutes ago

Listed by Soledad Mendoza-Puiggros · The Keyes Company

Map

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

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 1
Bathrooms (decimal): 1
Full bathrooms: 1
Half bathrooms: 0

Rooms & features

Rooms: 1
Flooring: Wood
Appliances: Gas Range, Microwave, Refrigerator

Heating & cooling

Heating: Other
Cooling: Electric

Property

Parking

Garage spaces: 1
Garage: Yes
Covered spaces: 1

Exterior

Stories: 2
Building area: 675 sqft
Entry level: 2
Exterior features: Balcony
Waterfront property: No

Construction

Type & style

Home type: Condominium
Year built: 1965

Materials

Construction: Block

Utilities & green energy

Not reported by the listing source.

Community & HOA

Community

Subdivision: 1231 PENN INC CONDO
MLS area: 2320
Security: None
Pets allowed: Yes
55+ community: No

Association

Has association: Yes
Association fee: $768 monthly
Estimated monthly dues: $768
Amenities: Parking, None
Services included: 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: A12027093
Possession: Subject To Tenant Rights
Original list price: $259,000
Parcel number: 0242030240080
Annual property tax: $3,712
Tax year: 2025
Tax legal description: 1231 PENN INC CONDO APT 8 SECOND FLOOR UNDIV 9.0909 % INT IN COMMON ELEMENTS CLERKS FILE 64R-187107 OR 20911-1111 12 2002 1 COC 22450-2616 0

Additional MLS details

Reported by the listing source

Association Amenities: Parking, None
Association Fee Frequency: Monthly
Association Fee Includes: Sewer, Trash, Water
Association: Yes
Bathrooms Total Decimal: 1
Bathrooms Total Integer: 1
Building Area Total: 675
Construction Materials: Block
County Or Parish: Miami-Dade
Days On Market: 136
Elementary School: Miami Beach Fienberg / Fisher K-8
High School: Miami Beach
List Price: 249000
Listing Contract Date: 2026-05-16
Living Area: 675
MLSArea Major: 2320
Mls Status: Active
On Market Date: 2026-09-20
Photos Count: 43
Postal Code: 33139
Price Change Timestamp: 2026-09-29T10:26:06Z
Property Sub Type: Condominium
Property Type: Residential
Rooms Total: 1
Security Features: None
Senior Community: No
Standard Status: Active
State Or Province: FL
Status Change Timestamp: 2026-09-20T05:15:18Z
Stories Total: 2
Subdivision Name: 1231 PENN INC CONDO
Tax Annual Amount: 3712
Bathrooms Full: 1
Bedrooms Total: 1
Waterfront: No
Bathrooms Half: 0
Financial Information: Estimated Monthly Assoc Recurring Fee: 768

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
May 16, 2026	ListedMIAMI REALTORS® MLS	$259,000$384/sqft
Sep 29, 2026	Price reducedMIAMI REALTORS® MLS	$249,000$369/sqft

Public tax history

Year	Property taxes	Assessment
2025	$3,712	—

Payment calculator

Estimated monthly payment$2,494/moIllustrative estimate, not a loan offer.

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

Principal & interest: $1,292
Property taxes: $309
Insurance: $125
Association dues: $768

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

1231 PENN INC 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

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