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1231 Pennsylvania Ave # 8, Miami Beach FL 33139

Condo/Co-op For Sale
$249,000

BTC: 3.06047198

ETH: 102.38486842

-$10K (2026/09/29)
140 days
1 bds
1 ba
675 sqft

Overview

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 .

Location

Florida • Miami Beach • 33139 • Condo/Co-op • For Sale

Details

Type:
Residential
Parking:
1 Space
Year Built:
1965
Lot:
No Data
Heating:
Other
Price/sqft:
$369
Cooling:
Electric
HOA:
$768

Valuation

Our model vs. what's actually selling nearby.
Estimate
$309,500
$236K – $413K
Confidence Low
List vs. estimate
$60K below estimate
List $249,000 · -19.5%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$368
-36.5% vs. city median $580
Based on
22 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $285K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$3,712
2025
HOA
$768/mo
View
None
Garage
1 car garage
All facts and features

  • Flooring

    • Wood

    Heating

    • Other

    Cooling

    • Electric

    Appliances

    • Microwave

    • Gas Range

    • Refrigerator

    Other interior features

    • Second Floor Entry

    • Den/Library/Office

    Bedrooms and bathrooms

    • Bedrooms: 1

    • Full bathrooms: 1

  • Parking

    • 1 Space

    Property

    • Exterior Features: None / Open Balcony

    Other Property Information

    • Parcel Number: 02-42-03-024-0080

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $768

    • HOA Frequency: Monthly

    • Annual tax amount: $3,712

  • Source details

    • MLS ID: A12027093

    Other facts

    • Construction Materials: Concrete Block Construction

    • Patio And Porch Features: Open Balcony

    • Garage Spaces: 1

    • Garage: Yes

    • Living Area: 675

    • Subdivision Name: 1231 PENN INC CONDO

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33139
387
median $545K
Active
Same city
Miami Beach
1,036
median $649K
Active
Same type
Condo/Co-op
759
median $549K
Active
Similar price
$174K – $323K
189
median $250K
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: The Keyes Company