Condo in 1027 Pennsylvania Ave 101 Miami Beach for sale with MLS# A11883567

FURTHER REDUCED - PRICED TO SELL - PRICED BELOW MARKET VALUE. Excellent income-producing opportunity just steps from the ocean. Currently rented for $2,000 per month. Tenant on month-month. You can rent right away! The unit features a spacious bedroom with a large walk-in closet, an open-concept layout, and tons of natural light throughout. Recent updates include a new water heater, newly renovated bathroom, and a recently serviced A/C system. Video tour available upon request. CASH ONLY

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1027 Pennsylvania Ave 101, Miami Beach, FL 33139

Price
Price:
$215,000.00
Previous Asking Price:
$239,000.00
Original List Price:
$249,000.00
Property Status and Type
Listing Type:
For Sale
Status:
Pending (An offer has been accepted)
Contingency:
Financing
Special Sale Conditions:
Listed As Is
Listing Category:
Residential
Property Type:
Condominium
MLS Number:
A11883567
Description of Last Important Update:
Pending (An offer has been accepted)
Last Major Update on:
April 20, 2026 5:55 pm
Rooms Distribution
Bedrooms:
1
Bathrooms Total:
1
Full Bath:
1
Measures
Living Area:
580 Sqft
Built-Up Area:
580 Sqft
Lot Size Unit:
Square Feet
Property Features
View from the Property:
Other
Waterfront:
No
Security:
Complex Fenced
Appliances:
Dishwasher, Disposal, Microwave, Refrigerator, Other
Interior:
Walk-In Closet(s), Bedroom On Main Level
Air Conditioning
Air Conditioning System:
Central Air
Construction
Year Built:
1925
Year Built Details:
Effective Year Built
Entry Level (floor):
1
Entry Level Location:
1
Construction Materials:
Block
Flooring:
Vinyl
Number of stories:
3
Taxes and Expenses
Tax Annual Amount:
$3,855.00
Tax Year:
2024
Association Fee:
$487.00
Association Fee Frequency:
Monthly
Property Tax Status:
Tax Reflects No Exemptions
Parking
Garage Spaces:
0
Covered Spaces:
0
Parking Features:
On Street
Community
Pets Allowed?:
Yes, Conditional
Subdivision Name:
PENN PLAZA CONDO
Association Fee Includes:
Other
Complex Name:
PENN PLAZA CONDO
Senior Community:
No
Terms
Listing Terms Considered by Seller:
Cash
Occupant Type:
Tenant
Buyer Possession:
Close Of Escrow
Lease Considered:
No
Zoning and Legal
Tax Legal Description:
PENN PLAZA CONDO UNIT 101 UNDIV 4.64% INT IN COMMON ELEMENTS OFF REC 19856-2479 OR 19900-3688 08 2001 1
Real Estate Folio Number (Parcel Number):
02-42-03-246-0010
Public Schools Assigned
High School:
Miami Beach
Middle Or Junior School:
Nautilus
Listing History
Originally published on:
September 23, 2025 2:44 pm
Active on the market since:
September 23, 2025
Price change occurred on:
March 26, 2026 2:44 pm
Listing Status Last Changed On:
April 20, 2026 5:55 pm
Photos updated on:
March 26, 2026 7:10 pm
Last Modified:
April 20, 2026 9:56 pm
Additional Information
Unit View:
Other View
Housing Older Persons Act:
No HOPA
Unit Design:
Corner Unit
Type of Association:
Condo
Minimum Number of Days per Lease:
180
Type of Governing Bodies of the Association:
Homeowner Association
Pet Fee:
$150.00
Number of Times Leased per Year:
2
Flood Zone:
AE
Application Fee:
$150.00
Style:
Condo 1-4 Stories
Municipal Code:
2
Subdivision Number:
246
Courtesy of:
United Realty Group Inc
Attribution:
Not provided
Location
Street Name:
Pennsylvania Ave
Street Number:
1027
Unit Number:
101
City:
Miami Beach
State:
Florida
Zip Code:
33139
County:
Miami-Dade
Latitude:
N25° 46' 52.4''
Longitude:
W81° 51' 58.8''
Property Map

Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $63,368
Median Home Value $480,500
Median Rent $1,745/mo
Median Age 42
Population 34,406

Air Quality

Source: AirNow.gov · Miami

🌬️ Air Quality Index (AQI) 50 Good
☀️ O3 45 Good
🫁 PM2.5 50 Good

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Want to schedule an in-person or virtual tour? Have questions?
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Association of REALTORS®
Disclaimer: IDX listing information is presented by Rebonus Brokerage LLC for consumer informational purposes only. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by the MLS or the real estate broker. This page presents structured listing information sourced directly from the MLS via the RESO Web API feed. Rebonus prioritizes maximum field coverage and data completeness, displaying the most granular MLS-provided attributes available.