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For sale
    • $330,000

    1228 Pennsylvania Ave APT 7, Miami Beach, FL 33139

    2beds
    700sqft
    : 
    $2,837/mo
    Get pre-qualified
    Condominium
    Built in 1961
    -- sqft lot
    $311,600 Zestimate®
    $471/sqft
    $560/mo HOA

    What's special

    Modern finishesBright open layoutFull appliance packageOne assigned parking space
    Turnkey 2-bedroom, 1-bath condo in the heart of Miami Beach — ideal for savvy investors. Currently rented at $2,700/month through March 2027, offering immediate and stable cash flow from day one. Features include a bright, open layout with modern finishes, full appliance package, one assigned parking space, and an open balcony/patio. The building has passed its 40-year certification, with a new roof installed last year and exterior repainting currently in progress, enhancing both curb appeal and long-term value. With 365 lease days allowed per year, this is a streamlined addition to any South Florida investment portfolio. Minutes from the beach, dining, shopping, and entertainment. Cash only.
    131 days
    |
    214
    |
    22
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Claudia Caporossi 305-283-8511,

    AFS Living

    Source: MIAMI,MLS#: A11989126MLS LogoOriginating MLS: A-Miami Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 1
      • Full bathrooms: 1
      Heating
      • Central, Electric
      Cooling
      • Central Air, Electric
      Appliances
      • Included: Dishwasher, Dryer, Electric Range, Refrigerator, Washer
      Features
      • Flooring: Vinyl
      Interior area
      • Total interior livable area: 700 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 1
      • Parking features: Assigned
      • Garage spaces: 1
      Features
      • Entry location: First Floor Entry
      • Patio & porch: Patio
      • Exterior features: Other, Balcony
      • Fencing: Fenced
      • Has view: Yes
      • View description: Other
      Details
      • Parcel number: 0242031750070

      Construction

      Type & style
      • Home type: Condo
      • Property subtype: Condominium
      • Attached to another structure: Yes
      Materials
      • CBS Construction
      Condition
      • Year built: 1961

      Community & HOA

      Community
      • Security: Other
      • Application fee: $150
      • Subdivision: Penn Condo
      HOA
      • Has HOA: Yes
      • Amenities included: Laundry
      • HOA fee: $560 monthly
      Location
      • Region: Miami Beach

      Financial & listing details

      • Price per square foot: $471/sqft
      • Tax assessed value: $187,204
      • Annual tax amount: $3,512
      • Date on market: 3/25/2026
      • Listing terms: Cash

        Estimated market value

        $311,600

        $296,000 - $327,000

        $2,627/mo

        Price history

        DateEventPrice
        10/1/2015Sold$2,100-99.1%$3/sqft
        Source: Agent Provided Report a problem
        10/4/2012Sold$240,000+81.8%$343/sqft
        Source: Public Record Report a problem
        7/26/2012Sold$132,000-47.2%$189/sqft
        Source: Public Record Report a problem
        3/11/2006Sold$250,000+30.9%$357/sqft
        Source: Public Record Report a problem
        9/15/2005Sold$191,000+7.3%$273/sqft
        Source: Public Record Report a problem
        8/24/2004Sold$178,000+147.2%$254/sqft
        Source: Public Record Report a problem
        6/21/1999Sold$72,000+11.6%$103/sqft
        Source: Public Record Report a problem
        3/18/1996Sold$64,500+4%$92/sqft
        Source: Public Record Report a problem
        12/14/1995Sold$62,000$89/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,512 -5.2%$187,204 -5%
        2024$3,703 -1%$197,057 +7.3%
        2023$3,739 +17.9%$183,586 +10%
        2022$3,171 -1.1%$166,897 +5%
        2021$3,206 -2.6%$158,950 -6.5%
        2020$3,291 -5.1%$170,000 -5%
        2019$3,469 -12.6%$179,000 -15.2%
        2018$3,971 $211,150
        2017$3,971 -1.3%$211,150 -1.8%
        2016$4,021 +3.8%$215,061 +10%
        2015$3,874 -2.5%$195,510
        2014$3,972 +167.2%$195,510 +5%
        2013$1,486 $186,200 +65%
        2012$1,486 -6.6%$112,850 -3.7%
        2011$1,591 -3.6%$117,181 +1.5%
        2010$1,650 -47.3%$115,450 -40%
        2009$3,130 -27.3%$192,420 -9.8%
        2007$4,303 +17.1%$213,300
        2006$3,674 --
        2005$3,674 +269.6%--
        2004$994 +5.8%--
        2003$939 +5.5%--
        2002$890 --
        2001$890 --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Flamingo Lummus

        Getting around

        96 / 100
        Walker's Paradise
        56 / 100
        Good Transit
        76 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Middle: Nautilus
        • High: Miami Beach

        Source: MIAMI. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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