Condo in 1027 Pennsylvania Avenue 302, Miami Beach, FL 33139 for sale with MLS# A11930559

Seller is motivated and has repositioned this beautifully renovated 2-bedroom, 2-bath condo in the heart of South Beach to attract immediate interest. Previously listed at $385,000, the new price of $359,000 presents an exceptional opportunity for buyers seeking a turnkey residence or investment in one of Miami Beach's most desirable neighborhoods.Located at 1027 Pennsylvania Ave #302, this fully renovated residence features modern finishes throughout, including updated flooring, a contemporary kitchen with quartz countertops and new appliances, upgraded lighting, and redesigned bathrooms. The bright layout offers comfortable living spaces and a clean, modern aesthetic ready for immediate occupancy.Situated on a charming tree-lined street in the Flamingo Park neighborhood, the building is moments from the beach, Lincoln Road, Española Way, and Flamingo Park's tennis courts, pool, and athletic facilities.With the seller strategically reducing the price to generate strong buyer interest and move the property quickly, this is an excellent opportunity for end-users or investors to secure a renovated South Beach property at a compelling value.

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1027 Pennsylvania Avenue 302, Miami Beach, FL 33139

Price
Price:
$359,000.00
Original List Price:
$399,000.00
Property Status and Type
Listing Type:
For Sale
Status:
Active
Listing Category:
Residential
Property Type:
Condominium
Description of Last Important Update:
Back On Market
Last Major Update on:
May 15, 2026 10:05 pm
Rooms Distribution
Bedrooms:
2
Bathrooms Total:
2
Full Bath:
2
Measures
Living Area:
790 Sqft
Built-Up Area:
790 Sqft
Property Features
Waterfront:
No
Security:
Entry - Phone/intercom
Appliances:
Refrigerator, Washer, Electric Range
Air Conditioning
Air Conditioning System:
Central Air
Heating
Heating System:
Central
Fence:
Fenced
Construction
Year Built:
1925
Levels:
Two
Entry Level (floor):
3
Construction Materials:
Concrete Block - No Stucco
Flooring:
Marble
Number of stories:
3
Flood Zone Code:
AE
Property Condition:
Updated/remodeled
Taxes and Expenses
Tax Annual Amount:
$4,270.00
Tax Year:
2024
Association Fee:
$650.00
Association Fee Frequency:
Monthly
Property Tax Details:
City/County
Parking
Garage Spaces:
0
Covered Spaces:
0
Community
Association
Application Required
Application Fee:
$150.00
Application Information:
Association Approval Required
Association Type:
Condominium
Pets Allowed?:
Yes, Cats Ok
Lease Number Times per Year Allowed:
2
Subdivision Name:
PENN PLAZA CONDO
Association Fee Includes:
Maintenance Grounds, Sewer, Water, Trash, Maintenance Structure, Common Areas, Insurance, Hot Water
Senior Community:
Yes
Restrictions:
No Restrictions
Minimum Days per Lease:
180
Leasing Permitted
Leasing Permitted Details:
Okay To Lease, Okay To Lease During First Year
Terms
Listing Terms Considered by Seller:
Cash, Conventional
Buyer Possession:
Close Of Escrow
Zoning and Legal
Tax Legal Description:
PENN PLAZA CONDO UNIT 302 UNDIV 6.28% INT IN COMMON ELEMENTS OFF REC 19856-2479 OR 21191-2135 032003 6 COC 25620-3699 05 2007 1
Real Estate Folio Number (Parcel Number):
0242032460060
Public Schools Assigned
Elementary School:
Miami Beach Fienberg / Fisher K-8
High School:
Miami Beach
Listing History
Active on the market since:
December 14, 2025
Listing Agreement executed on:
December 14, 2025
Price change occurred on:
March 10, 2026 6:14 pm
Listing Status Last Changed On:
May 15, 2026 10:05 pm
Photos updated on:
May 18, 2026 3:05 pm
Last Modified:
July 7, 2026 2:06 am
Additional Information
Courtesy of:
Rise Realty
Attribution:
Not provided
Location
Floor Number:
3
Street Name:
Pennsylvania
Street Number:
1027
Unit Number:
302
City:
Miami Beach
State:
Florida
Zip Code:
33139
County:
Miami-Dade
Latitude:
N25° 46' 52.4''
Longitude:
W81° 51' 58.8''
Street Suffix:
Avenue
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) 60 Moderate
☀️ O3 30 Good
🫁 PM2.5 60 Moderate

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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.