Condo in 1231 Pennsylvania Avenue 9, Miami Beach, FL 33139 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.Property is tenant occupied; same-day showing requests may be subject to delays and confirmationSame 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.

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1231 Pennsylvania Avenue 9, Miami Beach, FL 33139

Price
Price:
$199,000.00
Original List Price:
$199,000.00
List Price per Sq Ft (Calculated, Approx.):
$446.18
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:
May 20, 2026 4:00 am
Other Special Conditions:
Sold As-is
Rooms Distribution
Bathrooms Total:
1
Full Bath:
1
Room Type:
Den
Master Bedroom Bath:
Master Bdrm - Sitting, Master Bdrm - Ground, Combo Tub/shower
Dining Area:
Dining/Living Room, L Shaped Dining
Measures
Living Area:
446 Sqft
Built-Up Area:
446 Sqft
Property Features
View from the Property:
Other
Waterfront:
No
Appliances:
Refrigerator, Gas Range, Gas Water Heater
Interior:
Closet Cabinetry
Exterior:
Lighting
Laundry:
Laundry Tub
Air Conditioning
Air Conditioning System:
Ceiling Fan(s), Wall/window Unit(s), Electric
Heating
Heating System:
Other
Unit Description:
Interior Hallway
Storm Protection Impact Glass:
Partial
Construction
Year Built:
1965
Levels:
Two
Entry Level (floor):
2
Construction Materials:
Block
Flooring:
Marble
Number of stories:
2
Flood Zone Code:
AE
Taxes and Expenses
Tax Annual Amount:
$3,238.00
Tax Year:
2025
Association Fee:
$564.00
Association Fee Frequency:
Monthly
Property Tax Details:
Tax Reflects No Exemptions
Parking
Garage
Garage Spaces:
1
Covered Spaces:
1
Community
Association
Application Required
Application Fee:
$150.00
Application Information:
3-4 Weeks Approval
Association Type:
Condominium
Pets Allowed?:
Yes, Pet Restrictions Possible
Lease Number Times per Year Allowed:
2
Building Name:
1231
Subdivision Name:
1231 PENN INC CONDO
Association Fee Includes:
Sewer, Water, Trash
Senior Community:
No
Minimum Days per Lease:
180
Leasing Permitted
Leasing Permitted Details:
Okay To Lease During First Year
Terms
Listing Terms Considered by Seller:
Cash
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):
0242030240090
Public Schools Assigned
Elementary School:
Collins
High School:
Miami Beach
Listing History
Active on the market since:
May 20, 2026
Listing Agreement executed on:
May 20, 2026
Listing Status Last Changed On:
May 20, 2026 4:00 am
Photos updated on:
June 27, 2026 2:28 pm
Last Modified:
July 6, 2026 8:02 pm
Additional Information
Courtesy of:
The Keyes Company
Attribution:
Not provided
Location
Floor Number:
2
Street Name:
Pennsylvania
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''
Street Suffix:
Avenue
Property Map

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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) 45 Good
☀️ O3 30 Good
🫁 PM2.5 45 Good
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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.