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1231 Pennsylvania Ave # 9, Miami Beach FL 33139

Condo/Co-op For Sale
$199,000

BTC: 3.26229508

ETH: 120.60606061

34 days
1 ba
446 sqft

Overview

Rare opportunity in the heart of South Beach! Bright and spacious studio 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 January 2027 paying $1,800/month, providing immediate rental income and an estimated 5.83% ROI. Aprox.Property is tenant occupied; same-day showing requests may be subject to delays and confirmation Same owner also offers Unit #8, a 1-bedroom + den residence featuring assigned parking and in-unit washer & dryer. Excellent opportunity for investors seeking multiple units in the same South Beach building.

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:
$446
Cooling:
Ceiling Fan(s) / Electric / Wall/Window Unit(s)
HOA:
$564

Valuation

Our model vs. what's actually selling nearby.
Estimate
$255,500
$165K – $402K
Confidence Low
List vs. estimate
$56K below estimate
List $199,000 · -22.1%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$446
-24.5% vs. city median $590
Based on
428 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $332K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$3,238
2025
HOA
$564/mo
View
Other View
Garage
1 car garage
Pets
Restrictions Or Possible Restrictions
All facts and features

  • Flooring

    • Marble

    Heating

    • Other

    Cooling

    • Ceiling Fan(s)

    • Electric

    • Wall/Window Unit(s)

    Appliances

    • Gas Water Heater

    • Gas Range

    • Refrigerator

    Other interior features

    • Interior Hall

    • Second Floor Entry

    • Closet Cabinetry

    • Laundry Tub

    • Den/Library/Office

    Bedrooms and bathrooms

    • Full bathrooms: 1

  • Parking

    • 1 Space

    Other Property Information

    • Parcel Number: 02-42-03-024-0090

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $564

    • HOA Frequency: Monthly

    • Annual tax amount: $3,238

  • Source details

    • MLS ID: A12022372

    Other facts

    • Construction Materials: Concrete Block Construction

    • Laundry Features: Laundry Tub

    • Garage Spaces: 1

    • Garage: Yes

    • Living Area: 446

    • 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
1,048
median $575K
Active
Same city
Miami Beach
2,580
median $625K
Active
Same type
Condo/Co-op
1,906
median $514K
Active
Similar price
$139K – $258K
322
median $210K
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