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$259,000

  • For Sale
  • Active
  • Single Family
  • 1 Bed
  • 1 Full Bath
  • 675 Sq. Ft.
  • Updated 6 days ago
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Rare opportunity 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 and an estimated 4,5% Unfernished. ROI. Same owner also offers Unit #9, a studio + den residence featuring assigned parking and in-unit washer .Excellent opportunity for investors seeking multiple units in the same South Beach building.

Full Property Details for 1231 Pennsylvania Ave

General

  • Price: $259,000
  • HOA FEE: $768/month
  • Taxes: $3,712 (2025)
  • Status: Active
  • Type: Single Family
  • Source: Greater_Miami
  • MLS ID: A12022764
  • Updated: 5/20/2026
  • Added to Site: 7 day(s) ago

Interior

  • Interior Features: Second Floor Entry, Den/Library/Office
  • Appliances: Gas Water Heater, Gas Range, Refrigerator
  • Flooring: Ceramic Floor, Wood

Rooms

Bathrooms

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

Bedrooms

  • Total Bedrooms: 1
  • Bedroom Features: At Least 1 Bedroom Ground Level

Other Rooms

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

Exterior

  • Exterior Features: Open Balcony
  • Deck/Patio: Open Balcony

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Covered Spaces: 1
  • Parking Features: Driveway, Limited # Of Vehicle

Location

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

School Information

  • Middle School: Nautilus
  • High School: Miami Beach

Community

  • Community Name: 1231 Penn Inc Condo
  • Association: Yes

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Ceiling Fan(s), Electric
  • Heating Type: None

Utilities

  • Sewer: Public Sewer
  • Water: Municipal Water

Structural Information

  • Architectural Style: Attached, One Story
  • Structure Type: R30-No Pool/No Water, House
  • Detached/Attached: Detached
  • Construction: Concrete Block Construction
  • Roof: Concrete
  • Building Size: 675
  • Square Feet: 675
  • Living Area: 675 Sq. Ft.
  • Year Built: 1965

Lot Features

  • Property View: None
  • Lot Features: Less Than 1/4 Acre Lot
  • Zoning: 4900

Financial Considerations

  • Price Per Sq. Ft.: $383.7
  • Association Fee: $768
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $3,712
  • Tax Year: 2025
  • Terms: All Cash, Conventional

Disclosures and Reports

  • 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
  • Restrictions: Assoc Approval Required
  • Property ID: 02-42-03-024-0080

Listed by The Keyes Company

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Listing agent

— 1231 Pennsylvania Ave —

  • The Keyes Company

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 1231 Pennsylvania Ave

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 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/20/2026
Listed
$259,000
58.9%
MLS
3/13/2007
Sold
$163,000
—
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

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,210
5%
$166,907
-9%
2024
$3,067
9%
$184,340
9%
2023
$2,815
28%
$169,119
48%
2021
$2,201
-12%
$114,000
-22%
2022
$2,499
18%
$147,060
37%
2019
$2,117
3%
$107,034
10%
2018
$2,048
6%
$97,304
-22%
2017
$1,938
17%
$124,686
55%
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.

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Listed by The Keyes Company

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Price Reduced near 1231 Pennsylvania Ave

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Recent Sales near 1231 Pennsylvania Ave

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1231 Pennsylvania Ave, Miami Beach, FL 33139 (MLS# A12022764) is a Single Family property with 1 bedroom and 1 full bathroom. 1231 Pennsylvania Ave is currently listed for $259,000 and was received on May 20, 2026. Want to learn more about 1231 Pennsylvania Ave? Do you have questions about finding other Single Family real estate for sale in Flamingo-Lummus? You can browse all Flamingo-Lummus real estate or contact a Coldwell Banker agent to request more information.

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