Condominium for sale

$199,000

1231 Pennsylvania Ave #9Miami Beach, FL 33139

  • 1 Baths
  • 446 Sq ft
  • 1965 Built

About this home

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.

Details

MLS #
A12022372
Property type
Condominium
Status
Active
Days on market
106
Neighborhood
1231 PENN INC CONDO
County
Miami-Dade County
HOA / association fee
$564 monthly
Property taxes
$3,238 (2025)
Waterfront
No
Private pool
No
View
Other View
Garage spaces
1
Cooling
Ceiling Fan(s), Electric, Wall/Window Unit(s)
Interior features
Interior Hall, Second Floor Entry, Closet Cabinetry, Laundry Tub, Den/Library/Office
Appliances
Gas Range, Gas Water Heater, Refrigerator

Location

Estimated payment

$1,840/mo with 20% down at 6.5% for 30 years, including taxes and HOA, before insurance.

Adjust in the mortgage calculator

Listing courtesy of The Keyes Company · Soledad Mendoza-Puiggros. Listing last updated October 28, 2026 12:15 AM.

REALTOR® and MLS logo

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 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. Data last updated October 29, 2026 6:07 AM.

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