Property 1329 Pennsylvania Avenue, Miami Beach, FL 33139 for sale with MLS# A11888408
1329 Pennsylvania Avenue (aka Shermon Court) is a 1936 Art Deco building masterfully designed by Henry Hohauser, one of South Beach's signature architects in the Deco era. This is a well-maintained 8-unit apartment building, each with spacious 1-bed/1-bath layouts. The building also has common laundry facilities as well as 5 off street parking spaces. All units are occupied by excellent long-term tenants on month-to-month leases at $1,700 ?- well below market. With renovations, rents can be repositioned to $2,300 - $2,500, offering strong upside potential. The property has passed its 40-year recertification and boasts a rich Miami Beach history, blending architectural character with modern stability. A rare investment opportunity with secure cash flow and significant value-add potential.
1329 Pennsylvania Avenue, Miami Beach, FL 33139
- Price:
- $3,200,000.00
- Original List Price:
- $3,200,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $555.55
- Gross Scheduled Income:
- 163200
- Tenant Pays:
- Electricity, Interior Electric
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Commercial Sale
- Property Type:
- Multi Family
- Description of Last Important Update:
- New Listing
- Last Major Update on:
- October 2, 2025 8:08 pm
- Built-Up Area:
- 5,760 Sqft
- Lot Size Acres:
- 0.17
- Building:
- Exterior Lighting, Laundry Facilities
- Year Built:
- 1936
- Roof:
- Built-up
- Number of Buildings:
- 1
- Number of Units Total:
- 7
- Construction Materials:
- Stucco
- Number of stories:
- 2
- Flood Zone Code:
- AE
- Property Condition:
- Resale
- Tax Annual Amount:
- $31,114.00
- Tax Year:
- 2024
- Senior Community:
- No
- Listing Terms Considered by Seller:
- Cash, Conventional
- Buyer Possession:
- Negotiable
- Tax Legal Description:
- OCEAN BEACH NO 3 PB 2-81 LOT 12 BLK 39 LOT SIZE 50.000 X 150 OR 17313-2432 0896 1
- Real Estate Folio Number (Parcel Number):
- 0242030090700
- Zoning:
- 3900
- Active on the market since:
- October 2, 2025
- Listing Agreement executed on:
- October 2, 2025
- Listing Status Last Changed On:
- October 2, 2025 8:08 pm
- Photos updated on:
- June 18, 2026 3:17 pm
- Last Modified:
- June 18, 2026 3:18 pm
- Courtesy of:
- BHHS EWM Realty
- Attribution:
- Not provided
- Street Name:
- Pennsylvania
- Street Number:
- 1329
- City:
- Miami Beach
- State:
- Florida
- Zip Code:
- 33139
- County:
- Miami-Dade
- Latitude:
- N25° 47' 4.9''
- Longitude:
- W81° 51' 58.4''
- Street Suffix:
- Avenue
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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Air Quality
Source: AirNow.gov · Miami
Ver la propiedad 1329 Pennsylvania Avenue, Miami Beach, FL 33139
