1231 Pennsylvania Avenue 8, Miami Beach, FL 33139

$250,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A12027093

Property Type: Residential Bedrooms: 1 Baths: 1 Square Footage: 675 Status: Active

Current Price: $250,000 List Date: 5/16/2026 Last Modified: 6/18/2026

Overview

Description

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.

Listing Details MLS# A12027093

General Property Information

Unit Floor #: 2
Property Sub Type: Condominium
Bedrooms Total: Yes
Bathrooms Total: Yes
Bathrooms Full: Yes
Building Area Main: 675
Living Area Main: 675
Adjusted Area Main: 675
Year Built: 1965
Garage YN: Yes
Garage Spaces: Yes
Covered Spaces: Yes
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories Total: 2

Property Features

Application Information: 3-4 Weeks Approval Association Fee Includes: Sewer; Trash; Water Dining Area: Dining/Living Room Flooring: Wood Appliances: Gas Range; Microwave; Refrigerator Construction Materials: Block Cooling: Electric Association Type: Condominium Heating: Other Listing Terms: Cash; Conventional Pets Allowed YN: Yes Possession: Subject To Tenant Rights Security Features: None Special Information: Sold As-Is Tax Information: City/County Showing Requirements: Appointment Only Outdoor Living Spaces: Balcony Balcony Details: Balcony - Open Room Types: Den

Contract Information

Comp Sale YN: No
Original List Price: 259000
Occupant Type: Tenant

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 1231
Street Name: Pennsylvania
Street Suffix: Avenue
Unit Number: 8
City Name: Miami Beach
Municipal Code: 2
State Or Province: FL
Postal Code: 33139
Postal Code +4: 4438
Postal Zip: 33139
Subdivision Name: 1231 PENN INC CONDO
Area: 2320
Elementary School: Miami Beach Fienberg / Fisher K-8
High School: Miami Beach
Special Assessment YN: No
Parcel Number: 0242030240080
Subdivision Number: 24
Flood Zone: AE

Financial Information

Association YN: Yes
Association Fee: 768
Association Fee Frequency: Monthly
Application Required YN: Yes
Membership Fee Required YN: No
Tax Annual Amount: 3712
Tax Year: 2025
Tax 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

Status Change Information

Major Change Timestamp: 2026-06-18T04:14:36Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-06-18T04:14:36Z
Status Change Date: 2026-05-28

More Information

Application Fee Details

Application Fee Required: Yes
Application Fee: 150

Entry Information

Entry Level: 2

Parking Information

Open Parking Spaces: Yes

Leasing Restrictions

Leasing - Max Times Per Year: 2
Leasing - Minimum Number of Days: 180

Price Calculations

Current Price To SqFt: 370.37

Section Details

Parcel Number MLX: 0080

Originating Details

Originating System Key: 498657489
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Application Information

3-4 Weeks Approval: Yes

Amenities

Parking: Yes
None: Yes

Association Fee Includes

Sewer: Yes
Trash: Yes
Water: Yes

Dining Area

Dining/Living Room: Yes

Flooring

Wood: Yes

Possession

Subject To Tenant Rights: Yes

Special Information

Sold As-Is: Yes

Heating

Other: Yes

Appliances

Gas Range: Yes
Microwave: Yes
Refrigerator: Yes

Construction Materials

Block: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Security Features

None: Yes

Cooling

Electric: Yes

Association Type

Condominium: Yes

Showing Requirements

Appointment Only: Yes

Master Bedroom/Bath

None: Yes

Pets Allowed YN

Yes: Yes

Tax Information

City/County: Yes

Outdoor Living Spaces

Balcony: Yes

Balcony Details

Balcony - Open: Yes

Room Types

Den: Yes

Room Information

Room Name
Den

Listing Office: The Keyes Company

Last Updated: June - 18 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

1231 Pennsylvania Avenue 8, Miami Beach, FL 33139 (MLS# A12027093)