Skip main navigation
For sale
    • Price cut: $9K (6/18)
    $250,000

    1231 Pennsylvania Ave APT 8, Miami Beach, FL 33139

    1beds
    675sqft
    : 
    $2,493/mo
    Get pre-qualified
    Condominium
    Built in 1965
    -- sqft lot
    $240,400 Zestimate®
    $370/sqft
    $768/mo HOA

    What's special

    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% Unfurnished. 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.
    67 days
    |
    260
    |
    14
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Soledad Mendoza-Puiggros 786-389-9414,

    The Keyes Company

    Source: MIAMI,MLS#: A12027093MLS LogoOriginating MLS: A-Miami Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 1
      • Bathrooms: 1
      • Full bathrooms: 1
      Rooms
      • Room types: Den/Library/Office
      Heating
      • Other
      Cooling
      • Electric
      Appliances
      • Included: Microwave, Gas Range, Refrigerator
      Features
      • Flooring: Wood
      Interior area
      • Total structure area: 675
      • Total interior livable area: 675 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 1
      • Parking features: 1 Space
      • Garage spaces: 1
      Features
      • Entry location: Second Floor Entry
      • Exterior features: None, Balcony
      • Has view: Yes
      • View description: None
      Details
      • Parcel number: 0242030240080

      Construction

      Type & style
      • Home type: Condo
      • Property subtype: Condominium
      • Attached to another structure: Yes
      Materials
      • Concrete Block Construction
      Condition
      • Year built: 1965

      Community & HOA

      Community
      • Security: No Security
      • Application fee: $150
      • Subdivision: 1231 Penn Inc Condo
      HOA
      • Has HOA: Yes
      • Amenities included: None
      • HOA fee: $768 monthly
      Location
      • Region: Miami Beach

      Financial & listing details

      • Price per square foot: $370/sqft
      • Tax assessed value: $197,900
      • Annual tax amount: $3,712
      • Date on market: 5/16/2026
      • Listing terms: All Cash,Conventional

        Estimated market value

        $240,400

        $228,000 - $252,000

        $2,374/mo

        Price history

        DateEventPrice
        6/18/2026Price change$250,000-3.5%$370/sqft
        Source: MIAMI #A12027093 Report a problem
        5/29/2026Listed for sale$259,000+17166.7%$384/sqft
        Source: MIAMI #A12027093 Report a problem
        6/12/2025Listing removed$2,000$3/sqft
        Source: MIAMI #A11790434 Report a problem
        6/7/2025Listed for rent$2,000$3/sqft
        Source: MIAMI #A11790434 Report a problem
        5/22/2025Listing removed$2,000$3/sqft
        Source: MIAMI #A11790434 Report a problem
        5/16/2025Price change$2,000-4.8%$3/sqft
        Source: MIAMI #A11790434 Report a problem
        5/6/2025Price change$2,100-4.5%$3/sqft
        Source: MIAMI #A11790434 Report a problem
        4/26/2025Listed for rent$2,200+4.8%$3/sqft
        Source: MIAMI #A11790434 Report a problem
        11/26/2022Listing removed--
        Source: The Keyes Company/Realtors Report a problem
        11/22/2022Listed for rent$2,100+50%$3/sqft
        Source: Zillow Rental Network_1 #A11306318 Report a problem
        1/1/2021Listing removed--
        Source: MIAMI Report a problem
        9/30/2020Price change$1,400-6.7%$2/sqft
        Source: Elite Real Estate Worldwide Inc. #A10870877 Report a problem
        9/11/2020Price change$1,500-3.2%$2/sqft
        Source: Elite Real Estate Worldwide Inc. #A10870877 Report a problem
        6/5/2020Listed for rent$1,550+3.3%$2/sqft
        Source: Elite Real Estate Worldwide Inc. #A10870877 Report a problem
        9/1/2015Listing removed$1,500$2/sqft
        Source: Berkshire Hathaway HomeServices Florida Realty #A2116650 Report a problem
        7/28/2015Pending sale$1,500$2/sqft
        Source: Berkshire Hathaway HomeServices Florida Realty #A2116650 Report a problem
        7/28/2015Listed for sale$1,500-99%$2/sqft
        Source: Berkshire Hathaway HomeServices Florida Realty #A2116650 Report a problem
        7/28/2015Listing removed$1,500$2/sqft
        Source: Berkshire Hathaway HomeServices Florida Realty #A2116650 Report a problem
        5/15/2015Listed for rent$1,500+3.4%$2/sqft
        Source: Berkshire Hathaway HomeServices Florida Realty #A2116650 Report a problem
        7/15/2014Listing removed$1,450$2/sqft
        Source: Florida Home Finders Inc Report a problem
        7/5/2014Listed for rent$1,450$2/sqft
        Source: Florida HomeFinders, Inc. Report a problem
        11/26/2012Sold$145,000-12.1%$215/sqft
        Source: Public Record Report a problem
        10/26/2012Pending sale$165,000$244/sqft
        Source: Keystone Property Mgmt, Inc. #A1692715 Report a problem
        9/26/2012Listed for sale$165,000-2.9%$244/sqft
        Source: Keystone Property Mgmt, Inc. #A1692715 Report a problem
        7/2/2004Sold$170,000+31.8%$252/sqft
        Source: Public Record Report a problem
        12/31/2002Sold$129,000+79.2%$191/sqft
        Source: Public Record Report a problem
        8/18/1994Sold$72,000+56.5%$107/sqft
        Source: Public Record Report a problem
        10/8/1993Sold$46,000$68/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,713 -4%$197,900 -3.3%
        2024$3,869 +0.4%$204,595 +10%
        2023$3,855 +21.3%$185,996 +10%
        2022$3,177 +0.4%$169,088 +4.3%
        2021$3,164 +5.7%$162,079 +10%
        2020$2,993 +15.3%$147,345 +10%
        2019$2,596 -1.9%$133,950 -4.8%
        2018$2,645 $140,654 -11.7%
        2017$2,645 -17.3%$159,322 +10%
        2016$3,197 +15.6%$144,839 +10%
        2015$2,766 +2.7%$131,672 +10%
        2014$2,692 +39%$119,702 +10%
        2013$1,937 $108,820 +15%
        2012$1,937 -1.1%$94,630
        2011$1,959 -6.2%$94,630
        2010$2,088 -30.3%$94,630 -35%
        2009$2,995 -10.3%$145,580 -12%
        2007$3,337 +0.5%$165,430
        2006$3,320 --
        2005$3,320 +32.5%--
        2004$2,506 +281.5%--
        2003$657 +7%--
        2002$614 --
        2001$614 --
        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.
        See how much you could borrow to make a competitive offer.
        Get pre-qualified

        Climate risks

        Neighborhood: Flamingo Lummus

        Getting around

        98 / 100
        Walker's Paradise
        56 / 100
        Good Transit
        76 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Feinberg-Fisher K8
        • 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.

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

        Similar homes

              Nearby cities

              Nearby neighborhoods

              Nearby zip codes

              Other Miami Beach Topics

                Search
                Updates
                Favorites
                Plan
                Inbox