Condo in 1228 Pennsylvania Avenue 7, Miami Beach, FL 33139 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 Avenue 7, Miami Beach, FL 33139

Price
Price:
$330,000.00
Original List Price:
$330,000.00
List Price per Sq Ft (Calculated, Approx.):
$471.42
Property Status and Type
Listing Type:
For Sale
Status:
Active
Listing Category:
Residential
Property Type:
Condominium
Description of Last Important Update:
New Listing
Last Major Update on:
March 25, 2026 4:00 am
Other Special Conditions:
Sold As-is
Rooms Distribution
Bedrooms:
2
Bathrooms Total:
1
Full Bath:
1
Master Bedroom Bath:
Master Bdrm - Ground
Measures
Living Area:
700 Sqft
Property Features
View from the Property:
Other
Waterfront:
No
Security:
Other
Furnished:
Unfurnished
Appliances:
Dryer, Dishwasher, Refrigerator, Washer, Electric Range
Exterior:
Balcony
Patio and Porch:
Patio
Air Conditioning
Air Conditioning System:
Central Air, Electric
Heating
Heating System:
Central, Electric
Fence:
Fenced
Balcony Details:
Balcony - Open
Construction
Year Built:
1961
Architectural Style:
Other
Levels:
Two
Entry Level (floor):
1
Construction Materials:
CBS
Flooring:
Vinyl
Number of stories:
2
Flood Zone Code:
AE
Property Condition:
Resale
Taxes and Expenses
Tax Annual Amount:
$3,512.00
Tax Year:
2025
Association Fee:
$560.00
Association Fee Frequency:
Monthly
Property Tax Details:
Tax Reflects No Exemptions
Parking
Garage
Garage Spaces:
1
Covered Spaces:
1
Parking Features:
Assigned
Community
Association
Application Required
Application Fee:
$150.00
Application Information:
Association Approval Required
Association Type:
Condominium
Lease Number Times per Year Allowed:
1
Amenities Provided by the Homeowner's Association (HOA):
Laundry
Subdivision Name:
PENN CONDO
Association Fee Includes:
Sewer, Water, Trash
Senior Community:
No
Minimum Days per Lease:
365
Leasing Permitted
Leasing Permitted Details:
Okay To Lease
Terms
Listing Terms Considered by Seller:
Cash
Buyer Possession:
Close Of Escrow
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):
0242031750070
Public Schools Assigned
Elementary School:
Miami Beach Fienberg / Fisher K-8
High School:
Miami Beach
Listing History
Active on the market since:
March 25, 2026
Listing Agreement executed on:
March 25, 2026
Listing Status Last Changed On:
March 25, 2026 4:00 am
Photos updated on:
June 30, 2026 8:13 pm
Last Modified:
July 6, 2026 11:03 pm
Additional Information
Courtesy of:
AFS Living
Attribution:
Not provided
Location
Floor Number:
1
Street Name:
Pennsylvania
Street Number:
1228
Unit Number:
7
City:
Miami Beach
State:
Florida
Zip Code:
33139
County:
Miami-Dade
Latitude:
N25° 47' 0.3''
Longitude:
W81° 51' 56.2''
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) 70 Moderate
☀️ O3 25 Good
🫁 PM2.5 70 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.