Condo in 1231 Pennsylvania Ave 9 Miami Beach for sale with MLS# A12022372

Rare opportunity in the heart of South Beach! Bright and spacious studio with den, assigned parking, in-unit washer & dryer, and a full kitchen - a major advantage compared to many South Beach studios with only kitchenettes. Functional layout with flexible den space ideal for a home office or guest area. Just blocks from Lincoln Road, Española Way, Flamingo Park, and only minutes from the beach. Enjoy being surrounded by top restaurants, cafés, shopping, nightlife, and everything that makes Miami Beach living unique. Excellent investor opportunity with tenant in place through January 2027 paying $1,800/month, providing immediate rental income and an estimated 5.83% ROI. Aprox. Same owner also offers Unit #8, a 1-bedroom + den residence featuring assigned parking and in-unit washer & dryer. Excellent opportunity for investors seeking multiple units in the same South Beach building.

📅 View days on the market

Days on the market

1231 Pennsylvania Ave 9, Miami Beach, FL 33139

Price
Price:
$199,000.00
Original List Price:
$199,000.00
Property Status and Type
Listing Type:
For Sale
Status:
Active
Special Sale Conditions:
Listed As Is
Listing Category:
Residential
Property Type:
Condominium
MLS Number:
A12022372
Description of Last Important Update:
New Listing
Last Major Update on:
May 20, 2026 7:57 am
Rooms Distribution
Bathrooms Total:
1
Full Bath:
1
Room Type:
Den
Measures
Living Area:
446 Sqft
Built-Up Area:
446 Sqft
Lot Size Unit:
Square Feet
Property Features
View from the Property:
Other
Waterfront:
No
Appliances:
Refrigerator, Gas Range, Gas Water Heater, Some Gas Appliances
Interior:
Dining Area, Closet Cabinetry, Bedroom On Main Level, Second Floor Entry, Sitting Area In Primary, Tub Shower, Living Dining Room
Exterior:
Security High Impact Doors
Laundry:
Laundry Tub
Air Conditioning
Air Conditioning System:
Ceiling Fan(s), Wall/window Unit(s), Electric
Heating System:
Other
Building:
Exterior Lighting
Construction
Year Built:
1965
Year Built Details:
Effective Year Built
Entry Level (floor):
2
Entry Level Location:
2
Construction Materials:
Block
Flooring:
Marble
Number of stories:
2
Taxes and Expenses
Tax Annual Amount:
$3,238.00
Tax Year:
2025
Association Fee:
$564.00
Association Fee Frequency:
Monthly
Property Tax Status:
Tax Reflects No Exemptions
Parking
Garage
Garage Spaces:
1
Covered Spaces:
1
Parking Features:
One Space
Community
Pets Allowed?:
Yes, Conditional
Subdivision Name:
1231 PENN INC CONDO
Association Fee Includes:
Sewer, Water, Trash
Complex Name:
1231 Penn Condo
Senior Community:
No
Restrictions:
Okay to Lease During First Year of Ownership
Terms
Listing Terms Considered by Seller:
Cash, Conventional
Occupant Type:
Tenant
Buyer Possession:
Subject To Tenant Rights
Zoning and Legal
Tax Legal Description:
1231 PENN INC CONDO APT 9 SECOND FLOOR UNDIV 6.4394 % INT IN COMMON ELEMENTS CLERKS FILE 64R-187107 OR 20469-1315 06 2002 4 COC 21438-2393 0
Real Estate Folio Number (Parcel Number):
02-42-03-024-0090
Public Schools Assigned
Elementary School:
Flamingo
High School:
Miami Beach
Middle Or Junior School:
Nautilus
Listing History
Originally published on:
May 20, 2026 7:57 am
Active on the market since:
May 20, 2026
Price change occurred on:
May 20, 2026 7:57 am
Listing Status Last Changed On:
May 20, 2026 7:57 am
Photos updated on:
May 26, 2026 5:04 pm
Last Modified:
May 26, 2026 5:04 pm
Additional Information
Unit View:
Other View
Housing Older Persons Act:
No HOPA
Unit Design:
Interior Hall
Type of Association:
Condo
Minimum Number of Days per Lease:
180
Type of Governing Bodies of the Association:
Condominium
Pet Fee:
$0.00
Number of Times Leased per Year:
2
Flood Zone:
AE
Building Number:
1231
Application Fee:
$150.00
Rooms Description:
Den/Library/Office
Style:
Condo 5+ Stories
Municipal Code:
31
Subdivision Number:
24
Courtesy of:
The Keyes Company
Attribution:
786-389-9414
Location
Street Name:
Pennsylvania Ave
Street Number:
1231
Unit Number:
9
City:
Miami Beach
State:
Florida
Zip Code:
33139
County:
Miami-Dade
Latitude:
N25° 47' 0.4''
Longitude:
W81° 51' 58.5''
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

Want to schedule an in-person or virtual tour? Have questions?

Want to schedule an in-person or virtual tour? Have questions?
Schedule a Tour or Ask a Question


Mortgage Calculator

Please note: Monthly HOA / Condo Fees Not Included. The calculator shows the listing price as home value. Update all fields at your convenience.

Calculate Your Mortgage Payment

$.00
$.00
6.5
30

Taxes and Insurance

$.00
$.00
%

Financial Analysis

%

%

$

$

$

$

$
Ver la Propiedad Ver la propiedad 1231 Pennsylvania Ave 9
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.