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$199,000 Just Listed

  • For Sale
  • Active
  • Condo
  • 1 Full Bath
  • 446 Sq. Ft.
  • Updated 4 days ago
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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. 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.

Full Property Details for 1231 Pennsylvania Ave #9

General

  • Price: $199,000
  • HOA FEE: $564/month
  • Taxes: $3,238 (2025)
  • Status: Active
  • Type: Condo
  • Source: Greater_Miami
  • MLS ID: A12022372
  • Updated: 5/20/2026
  • Added to Site: 5 day(s) ago

Interior

  • Interior Features: Interior Hall, Second Floor Entry, Closet Cabinetry, Laundry Tub, Den/Library/Office
  • Appliances: Gas Water Heater, Gas Range, Refrigerator
  • Flooring: Marble

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Primary Bathroom: Combination Tub & Shower

Bedrooms

  • Bedroom Features: At Least 1 Bedroom Ground Level, Sitting Area - Primary Bedroom

Other Rooms

  • Living Room: Den/Library/Office Sq. Ft.
  • Dining Room: Dining/Living Room, L Shaped Dining
  • Laundry: Laundry Tub

Additional Information

  • Shared Amenities: Exterior Lighting
  • Maint. Includes: Sewer, Trash Removal, Water
  • Security/Safety: No Security
  • Equipment: Natural Gas

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Covered Spaces: 1
  • Parking Features: 1 Space

Location

  • Area: 1231 Penn Inc Condo
  • County: Miami-Dade County
  • Subdivision: 1231 PENN INC CONDO
  • Building Name: 1231 Penn Condo

School Information

  • Elementary School: Flamingo
  • Middle School: Nautilus
  • High School: Miami Beach

Community

  • Community Name: 1231 Penn Inc Condo
  • Association: Yes
  • Units Assoc/Comm: 12
  • Pets Allowed: Yes

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Ceiling Fan(s), Electric, Wall/Window Unit(s)
  • Heating Type: Other

Structural Information

  • Structure Type: Condo 5+ Stories, Condo
  • Detached/Attached: Detached
  • Construction: Concrete Block Construction
  • Doors: High Impact Doors
  • Entry Floor Number: 2
  • Building Size: 446
  • Square Feet: 446
  • Living Area: 446 Sq. Ft.
  • Year Built: 1965

Unit Information

  • Units in Complex: 12

Lot Features

  • Property View: Other View

Financial Considerations

  • Price Per Sq. Ft.: $446.19
  • Association Fee: $564
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $3,238
  • Tax Year: 2025
  • Terms: All Cash, Conventional

Disclosures and Reports

  • Legal Description: 1231 PENN INC CONDO APT 9 SECOND FLOOR UNDIV 6.4394 % INT IN COMMON ELEMENTS CLERKS FILE 64R-187107 OR 20469-1315 06 2002 4 COC 21438-2393 0
  • Restrictions: Okay To Lease 1st Year
  • Property ID: 02-42-03-024-0090

Listed by The Keyes Company

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Listing agent

— 1231 Pennsylvania Ave #9 —

  • The Keyes Company

786-389-9414

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1231 Pennsylvania Ave #9

School District:Dade County School District
NameGradesDistance
Fienberg/Fisher K-8 Center
1420 Washington Avenue, Miami Beach, FL 33139
PK-50.2 mi
Nautilus Middle School
4301 N Michigan Ave, Miami Beach, FL 33140
6-82.2 mi
Miami Beach Senior High School
2231 Prairie Avenue, Miami Beach, FL 33139
9-121.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1231 Pennsylvania Ave #9 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/20/2026
Listed
$199,000
139.76%
MLS
11/20/2009
Sold
$83,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1231 Pennsylvania Ave #9

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,238
5%
$180,377
-3%
2024
$3,093
9%
$185,956
9%
2023
$2,840
13%
$170,602
15%
2022
$2,521
14%
$148,350
29%
2021
$2,220
5%
$115,000
7%
2019
$2,117
3%
$107,034
10%
2018
$2,060
3%
$97,304
-28%
2017
$2,009
21%
$134,921
68%
2016
$1,655
8%
$80,418
10%
2015
$1,536
3%
$73,108
10%
2014
$1,495
22%
$66,462
10%
2013
$1,229
—
$60,420
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1231 Pennsylvania Ave #9

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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1231 Pennsylvania Ave #9, Miami Beach, FL 33139 (MLS# A12022372) is a Condo property with 0 bedrooms and 1 full bathroom. 1231 Pennsylvania Ave #9 is currently listed for $199,000 and was received on May 20, 2026. Want to learn more about 1231 Pennsylvania Ave #9? Do you have questions about finding other Condo real estate for sale in Miami Beach? You can browse all Miami Beach real estate or contact a Coldwell Banker agent to request more information.

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