1231 Pennsylvania Avenue 9, Miami Beach, FL 33139 (MLS# A12022372)

1231 Pennsylvania Avenue 9, Miami Beach, FL 33139

New Listing
$199,000
Property Type: Residential Baths: 1 Square Footage: 446 Status: Active
Current Price: $199,000 List Date: 10/28/2026 Last Modified: 10/28/2026

Overview

Description

Rare opportunity in the heart of South Beach! Bright and spacious studio 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 January 2027 paying $1,800/month, providing immediate rental income and an estimated 5.83% ROI. Aprox.Property is tenant occupied; same-day showing requests may be subject to delays and confirmationSame owner also offers Unit #8, a 1-bedroom + den residence featuring assigned parking and in-unit washer & dryer. Excellent opportunity for investors seeking multiple units in the same South Beach building.

Listing Details MLS# A12022372

General Property Information

Total Units In Building
12
Unit Floor #
2
Property Sub Type
Condominium
Bathrooms Total
Yes
Bathrooms Full
Yes
Building Area Main
446
Living Area Main
446
Adjusted Area Main
446
Year Built
1965
Garage YN
Yes
Garage Spaces
Yes
Covered Spaces
Yes
Senior Community YN
No
Stories Total
2

Property Features

Application Information: 3-4 Weeks Approval Association Fee Includes: Sewer; Trash; Water Dining Area: Dining/Living Room; L Shaped Dining Exterior Features: Lighting Flooring: Marble Leasing Permitted Details: Okay To Lease During First Year Appliances: Gas Range; Refrigerator Water Heater Details: Gas Water Heater Construction Materials: Block Cooling: Ceiling Fan(s); Electric; Wall/Window Unit(s) Association Type: Condominium Heating: Other Interior Features: Closet Cabinetry Laundry Features: Laundry Tub Listing Terms: Cash Pets Allowed YN: Yes Pets Allowed: Pet Restrictions Possible Possession: Subject To Tenant Rights Security Features: None Special Information: Sold As-Is Tax Information: Tax Reflects No Exemptions Unit Description: Interior Hallway View: Other Showing Requirements: Appointment Only; Call Listing Agent Room Types: Den

Contract Information

Comp Sale YN
No
Original List Price
199000
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
9
City Name
Miami Beach
Municipal Code
31
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
0242030240090
Subdivision Number
24
Flood Zone
AE
Building Name
1231

Financial Information

Association YN
Yes
Association Fee
564
Association Fee Frequency
Monthly
Application Required YN
Yes
Estimated Monthly Assoc Recurring Fee
564
Membership Fee Required YN
No
Tax Annual Amount
3238
Tax Year
2025
Tax Legal Description
1231 PENN INC CONDO APT 9 SECOND FLOOR UNDIV 6.4394 % INT IN COMMON ELEMENTS CLERKS FILE 64R-187107 OR 20469-1315 06 2002 4 COC 21438-2393 0

Status Change Information

Major Change Timestamp
2026-10-28T05:15:14Z
Major Change Type
Back on Market
Status Change Date
2026-10-28

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
150

Entry Information

Entry Level
2

Leasing Permitted Details

Leasing Permitted YN
Yes

Parking Information

Open Parking Spaces
Yes

Leasing Restrictions

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

Storm Protection

Impact Glass
Partial

Price Calculations

Current Price To SqFt
446.18

Section Details

Parcel Number MLX
0090

Originating Details

Originating System Key
485242172
Originating System ID
M00000151

Room Information

Room Name
Den
IDX
Listing Office: The Keyes Company
Source MLS Verified
Last Updated: October - 28 - 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.