Date
Details
Price
Change
Source
10/02/2025
Listed
$3,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/29
$3,200,000
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1/29
Property Description
1329 Pennsylvania Avenue (aka Shermon Court) is a 1936 Art Deco building masterfully designed by Henry Hohauser, one of South Beach's signature architects in the Deco era. This is a well-maintained 8-unit apartment building, each with spacious 1-bed/1-bath layouts. The building also has common laundry facilities as well as 5 off street parking spaces. All units are occupied by excellent long-term tenants on month-to-month leases at $1,700 ?- well below market. With renovations, rents can be repositioned to $2,300 - $2,500, offering strong upside potential. The property has passed its 40-year recertification and boasts a rich Miami Beach history, blending architectural character with modern stability. A rare investment opportunity with secure cash flow and significant value-add potential.
Full Property Details
Full Property Details for 1329 Pennsylvania Ave
General
- Price: $3,200,000
- Taxes: $31,114 (2024)
- Status: Active
- Type: Apartment
- Source: Greater_Miami
- MLS ID: A11888408
- Updated: 11/20/2025
- Added to Site: 107 day(s) ago
Business
- Business Type: Apartments, Residential-Multi-Family
Rental Information
- Lease/Rent Term: Month To Month
Location
- County: Miami-Dade County
Community
- Units Assoc/Comm: 8
Structural Information
- # Buildings: 1
- Structure Type: Free Standing
- Detached/Attached: Detached
- Construction: Stucco
- Roof: Built-Up
- Stories/Levels: 2
- Building Size: 5760
- Current Bldg. Use: Income Non-Waterfront
- Year Built: 1936
- Other Struct. Feat.: Exterior Lighting, Laundry Facilities
Unit Information
- Units in Complex: 8
Lot Features
- Lot Size (Sq. Ft.): 7,500
- Zoning: 3900
Financial Considerations
- Tax Amount: $31,114
- Tax Year: 2024
- Terms: All Cash, Conventional/Refinance
- Tenant Pays: Electricity
Disclosures and Reports
- Special Conditions: Sale
- Legal Description: OCEAN BEACH NO 3 PB 2-81 LOT 12 BLK 39 LOT SIZE 50.000 X 150 OR 17313-2432 0896 1
- Inclusions: Building & Land
- Property ID: 02-42-03-009-0700
Listed by BHHS EWM Realty
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Schools
Schools serving 1329 Pennsylvania Ave
School District:Dade County School District
| Name | Grades | Distance |
|---|---|---|
Fienberg/Fisher K-8 Center 1420 Washington Avenue, Miami Beach, FL 33139 | PK-5 | 0.1 mi |
Nautilus Middle School 4301 N Michigan Ave, Miami Beach, FL 33140 | 6-8 | 2.1 mi |
Miami Beach Senior High School 2231 Prairie Avenue, Miami Beach, FL 33139 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1329 Pennsylvania Ave
Tax History
Tax History for 1329 Pennsylvania Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$26,771
-1%
$1,814,335
—
2023
$26,969
17%
$1,814,335
29%
2021
$22,977
-13%
$1,408,239
-12%
2022
$26,554
2%
$1,606,221
21%
2021
$25,970
15%
$1,330,673
16%
2019
$22,498
15%
$1,144,000
9%
2018
$19,556
-4%
$1,045,510
-18%
2017
$20,360
3%
$1,273,666
47%
2016
$19,692
27%
$864,059
10%
2015
$15,563
1%
$785,509
4%
2014
$15,335
—
$754,780
—
2013
$15,354
—
$754,990
—
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
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- Condo
- Active
- Updated 15 hours ago
- 1Bed
- 1Total Bath
- 825Sq. Ft.
- Single Family
- Active
- Updated 5 hours ago
- 3Beds
- 2Total Baths
- 1,560Sq. Ft.
- Condo
- Active
- Updated 4 days ago
- 2Beds
- 2Total Baths
- 1,450Sq. Ft.
Listed by Jonathan Mann (786) 877-6201
- Single Family
- Active
- Updated 18 hours ago
- 6Beds
- 7Total Baths
- 8,921Sq. Ft.
Listed by The Jills Zeder Group (305) 788-5455
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- Condo
- Active
- Updated 4 days ago
- 2Beds
- 2Total Baths
- 1,030Sq. Ft.
- Condo
- Active
- Updated 3 days ago
- 1Bed
- 1Total Bath
- 940Sq. Ft.
- Condo
- Active
- Updated 7 days ago
- 2Beds
- 2Total Baths
- 1,061Sq. Ft.
- Condo
- Active
- Updated 22 hours ago
- 1Bed
- 1Total Bath
- 940Sq. Ft.
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1329 Pennsylvania Ave, Miami Beach, FL 33139 (MLS# A11888408) is a Apartment property. 1329 Pennsylvania Ave is currently listed for $3,200,000 and was received on October 02, 2025. Want to learn more about 1329 Pennsylvania Ave? Do you have questions about finding other Apartment 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.