1231 Pennsylvania Ave # 8, Miami Beach FL 33139 | Miami-Dade County | A12027093
  • $250,000

Description

Rare opportunity in the heart of South Beach! Bright and spacious 1 bedroom 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 June 2027 paying $2000/month, providing immediate rental income and an estimated 4,5% Unfurnished. ROI. Same owner also offers Unit #9, a studio + den residence featuring assigned parking and in-unit washer .Excellent opportunity for investors seeking multiple units in the same South Beach building.

Property Overview

This 1-bedroom condo at 1231 Pennsylvania Ave #8 offers a bright, spacious layout in a well-maintained South Beach building. The unit includes a full kitchen, in-unit washer and dryer, and an additional den space that can serve as a home office or guest area, making it more functional than many similar units in the area. With 675 square feet of living space, the unit feels roomy and is well-suited for both everyday living and short-term rental use. Assigned parking is included, a major plus in this high-demand neighborhood. Located just blocks from Lincoln Road, Española Way, and Flamingo Park, the home is ideally situated for easy access to Miami Beach’s best restaurants, shops, and cultural hubs. The unit currently has a tenant in place through June 2027, paying $2,000/month, which makes it an appealing option for investors seeking immediate income. The building is part of the 1231 PENN INC CONDO subdivision, and the HOA fee is $768 per month. The same owner also offers Unit #9, a studio + den with similar features, for those interested in owning multiple units in the same building.

Frequently Asked Questions

How many bedrooms and bathrooms does this unit have?

This unit is a 1-bedroom, 1-full-bathroom condo with no half bathrooms.

What is the square footage and layout of the unit?

The unit has 675 square feet of living space and features a functional layout with a den that can be used as a home office or guest area.

What is the current asking price and monthly HOA fee?

The asking price is $259,000, and the monthly HOA fee is $768.

Is there a tenant in place, and does it generate rental income?

Yes, there is a tenant in place through June 2027, paying $2,000 per month, providing immediate rental income.

What are the key location features of this building?

The building is located at 1231 Pennsylvania Ave in the heart of South Beach, just blocks from Lincoln Road, Española Way, Flamingo Park, and minutes from the beach.

Are there additional units available from the same owner?

Yes, the same owner also offers Unit #9, a studio plus den with assigned parking and in-unit washer.

Monthly Fees & Carrying Costs

Association Fee $768 / month
Total Monthly Fees $768 / month
  • Membership Required: No
  • Application Fee: $150 (one-time)

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  • Address: Pennsylvania Ave
  • City: Miami Beach
  • Zip/Postal Code: 33139

Details

Updated on July 3, 2026 at 8:44 pm
  • Property ID A12027093
  • Price $250,000
  • Property Size 675 Sq Ft
  • Bedroom 1
  • Room 0
  • Bathroom 1
  • Year Built 1965
  • Property Status Active, Residential

Additional details

  • Flooring Wood
  • Bedroom Features None
  • Cooling Electric
  • Association Type Condo
  • Building 1231 Pennsylvania
  • Association Fee Frequency Monthly
  • Area 1231 Penn Inc Condo
  • Annual Tax 3712
  • Association Yes
  • Elementary School Feinberg-Fisher K8
  • Private Pool No
  • Listing Terms All Cash, Conventional
  • Waterfront No
  • Full Bathrooms 1
  • Subdivision 1231 PENN INC CONDO
  • Total Stories 2
  • Restrictions No Daily Rentals
  • Maintenance Includes Parking, Sewer, Trash Removal, Water
  • Amenities None
  • Parking 1 Space
  • Heating Other
  • Structure Type Condo 5+ Stories, Condo
  • Tax Year 2025
  • Construction Concrete Block Construction
  • Building Area 675
  • Covered Spaces 1
  • Middle School Nautilus
  • Unit Floor 2
  • View None
  • Year Built Details Effective Year Built
  • High School Miami Beach
  • Pets Allowed Yes
  • Attached Yes
  • Unit Number 8
  • Half Bathrooms 0
  • Flood Zone AE
  • Patio / Porch Open Balcony
  • New Construction No
  • Garage Spaces 1
  • Style Condo 5+ Stories
  • Association Fee 768
  • Lot Size (Sq Ft) 0
  • Membership Purchase Required No

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