Coconut Grove New Developments 2026: The Complete Guide to Every New Luxury Project

1231 Pennsylvania Ave # 8
Miami Beach, FL, 33139
$259,000
1 Beds
1 Baths
675 SqFt
0 Acres
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MLS #A12027093 image #0
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 Details

Price:
$259,000
MLS #:
A12027093
Status:
Active
Beds:
1
Baths:
1
Type:
Condo
Subtype:
Condominium
Subdivision:
1231 PENN INC CONDO
Neighborhood:
1231penninccondo
Listed Date:
May 16, 2026
Finished Sq Ft:
675
Total Sq Ft:
675
Year Built:
1965
1231 Pennsylvania1231 Penn Inc Condo1231penninccondo1231 Penn Inc CondoFeinberg-fisher K8NautilusMiami BeachNoneNo Daily Rentals

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Schools

Elementary School:
Feinberg-Fisher K8
Middle School:
Nautilus
High School:
Miami Beach

Interior

Appliances
Microwave, Gas Range, Refrigerator
Bathrooms
1 Full Bathroom
Cooling
Electric
Flooring
Wood
Heating
Other
Interior Features
Second Floor Entry, Den/Library/Office

Exterior

Association Amenities
None
Construction Materials
Concrete Block Construction
Covered Spaces
1
Exterior Features
None, Open Balcony
Garage Spaces
1
Parking Features
1 Space
Patio And Porch Features
Open Balcony
Security Features
No Security
View
None

Financial

HOA Fee
$768
HOA Fee Frequency
Monthly
Tax Year
2025
Taxes
$3,712

Map

Community

Subdivisions in Miami Beach

Market Summary

Current real estate data for Condo in Miami Beach as of Jun 10, 2026
1,884
Condo Listed
186
Avg DOM
995
Avg $ / SqFt
$1,590,626
Avg List Price

Property Summary

    Located in the 1231 PENN INC CONDO subdivision, 1231 Pennsylvania Ave # 8 Miami Beach FL is a Condo for sale in Miami Beach, FL, 33139. It is listed for $259,000 and features 1 beds, 1 baths, and has approximately 675 square feet of living space, and was originally constructed in 1965. The current price per square foot is $384. The average price per square foot for Condo listings in Miami Beach is $995. The average listing price for Condo in Miami Beach is $1,590,626. To schedule a showing of MLS#a12027093 at 1231 Pennsylvania Ave # 8 in Miami Beach, FL, contact your Julien Drieu agent at 7862380927.

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