Condo in 1228 Pennsylvania Ave 7 Miami Beach for sale with MLS# A11989126

Turnkey 2-bedroom, 1-bath condo in the heart of Miami Beach - ideal for savvy investors. Currently rented at $2,700/month through March 2027, offering immediate and stable cash flow from day one. Features include a bright, open layout with modern finishes, full appliance package, one assigned parking space, and an open balcony/patio. The building has passed its 40-year certification, with a new roof installed last year and exterior repainting currently in progress, enhancing both curb appeal and long-term value. With 365 lease days allowed per year, this is a streamlined addition to any South Florida investment portfolio. Minutes from the beach, dining, shopping, and entertainment. Cash only.

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1228 Pennsylvania Ave 7, Miami Beach, FL 33139

Price
Price:
$330,000.00
Original List Price:
$330,000.00
Property Status and Type
Listing Type:
For Sale
Status:
Active
Special Sale Conditions:
Listed As Is
Listing Category:
Residential
Property Type:
Condominium
MLS Number:
A11989126
Description of Last Important Update:
New Listing
Last Major Update on:
March 25, 2026 11:18 am
Rooms Distribution
Bedrooms:
2
Bathrooms Total:
1
Full Bath:
1
Measures
Living Area:
700 Sqft
Lot Size Unit:
Square Feet
Property Features
View from the Property:
Other
Waterfront:
No
Security:
Other
Furnished:
Unfurnished
Appliances:
Dryer, Dishwasher, Refrigerator, Washer, Electric Range
Interior:
First Floor Entry, Main Level Primary
Exterior:
Fence, Balcony, Patio
Patio and Porch:
Patio, Balcony, Open
Laundry:
Common Area
Air Conditioning
Air Conditioning System:
Central Air, Electric
Heating
Heating System:
Central, Electric
Construction
Year Built:
1961
Year Built Details:
Resale
Architectural Style:
Other
Entry Level (floor):
1
Entry Level Location:
1
Construction Materials:
Block
Flooring:
Vinyl
Number of stories:
2
Taxes and Expenses
Tax Annual Amount:
$3,512.00
Tax Year:
2025
Association Fee:
$560.00
Association Fee Frequency:
Monthly
Property Tax Status:
Tax Reflects No Exemptions
Parking
Garage
Garage Spaces:
1
Covered Spaces:
1
Parking Features:
Assigned
Community
Amenities Provided by the Homeowner's Association (HOA):
Laundry
Subdivision Name:
PENN CONDO
Association Fee Includes:
Sewer, Water, Trash
Complex Name:
PENN CONDO
Senior Community:
No
Restrictions:
Okay to Lease
Terms
Listing Terms Considered by Seller:
Cash
Occupant Type:
Call Agent
Buyer Possession:
Close Of Escrow
Lease Considered
Zoning and Legal
Tax Legal Description:
PENN CONDO UNIT 7 UNDIV 10.31278 % INT IN COMMON ELEMENTS OFF REC 15968-0494 OR 18660-967 0699 1 COC 24311-3117 01 2006 1
Real Estate Folio Number (Parcel Number):
02-42-03-175-0070
Public Schools Assigned
High School:
Miami Beach
Middle Or Junior School:
Nautilus
Listing History
Originally published on:
March 25, 2026 11:18 am
Active on the market since:
March 25, 2026
Price change occurred on:
March 25, 2026 10:18 am
Listing Status Last Changed On:
March 25, 2026 11:18 am
Photos updated on:
March 25, 2026 3:38 pm
Last Modified:
April 21, 2026 6:40 pm
Additional Information
Unit View:
Other View
Housing Older Persons Act:
No HOPA
Unit Design:
Other
Type of Association:
Condo
Minimum Number of Days per Lease:
365
Type of Governing Bodies of the Association:
Condominium
Number of Times Leased per Year:
1
Flood Zone:
AE
Application Fee:
$150.00
Style:
Condo 1-4 Stories
Municipal Code:
2
Subdivision Number:
175
Courtesy of:
Sync Brokerage Inc
Attribution:
Not provided
Location
Street Name:
Pennsylvania Ave
Street Number:
1228
Unit Number:
7
City:
Miami Beach
State:
Florida
Zip Code:
33139
County:
Miami-Dade
Latitude:
N25° 47' 0.4''
Longitude:
W81° 51' 56.2''
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) 55 Moderate
☀️ O3 45 Good
🫁 PM2.5 55 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.