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For Sale
Listed on May 16, 2026

1231 PENNSYLVANIA AVE, Unit 8

$250,000
1 Beds
1 Baths
675 sqft
1 Parking
HOA fees:
$768
Annual Tax:
$3,712
Occupancy:
Tenant
Year Built:
1965
Stories:
2
Days on market:
87 days ago

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.
The Keyes Company

Features & Details

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Property Details

  • Property Type
    Condominium
  • Living Area
    675 sqft
  • Year Built
    1965
  • Lot Size
    -
  • Stories
    2 Stories
  • Annual Tax
    $3,712
  • List Date
    5/16/2026
  • Updated
    6/26/2026
  • Last Checked
    Recent
  • MLS Number
    #A12027093
  • Brokerage
    The Keyes Company
  • Postal Code
    33139
  • Area
    Miami-Dade
  • City
    Miami Beach

Additional Property Features

  • Occupancy
    Tenant
  • List Price
    $250,000
  • Unit Number
    8
  • Construction
    Block
  • Heating
    Other
  • Fireplaces
    -
  • Garage
    1 Car Garage
  • Parking Type
    One space
  • Pets Allowed
    Yes
  • Air Conditioning
    Electric
  • Elevator
    No
  • Locker
    No
  • Swimming Pool
    No
  • Patio
    Balcony,Open
  • Basement
    No
  • Den
    No
  • Central Vacuum
    No
  • Garage Type
    No

Additional Listing Information

  • Walk Score
  • Property Manager
    -
  • Utilities Included
    Water
  • Furnished
    No
  • Assessment Year
    2025
  • Assignment
    No
  • Extras Included
    Gas range, Microwave, Refrigerator
  • Virtual Tour
    View virtual tour

Inside

  • Bedrooms & Baths
    1 Bed, 1 Bath
  • Bedrooms
    1
  • Full Bathrooms
    1
  • Ensuite
    Yes
  • Bathrooms
    1
  • Flooring
    Mixed

Price history

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Amenities

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  • None

Building details

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Main building photo
1231 Penn Inc Condo
For sale: 2
|
For rent: 0
View Details

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FAQs About 1231 Penn Inc Condo - 1231 PENNSYLVANIA AVE, Unit 8

1231 PENNSYLVANIA AVE, Unit 8, MLS® A12027093 has a size of 675 sqft.

There are 1 bedrooms and 1 bathrooms in this Condo at 1231 PENNSYLVANIA AVE, Unit 8, MLS® A12027093.

Yes, there is parking available with 1 spot(s).

Annual taxes for this home are $3,712 based on 2025 tax year reports.

The monthly HOA fees covers water and parking for the unit.

The building's pet policy is as follows: Yes. Please contact the property manager or listing agent to confirm specific details, restrictions, and any associated fees that may apply.
Miami Association of REALTORS®
Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information.
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1231 PENNSYLVANIA AVE, Unit 8
1231 PENNSYLVANIA AVE, Unit 8