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$229,000

1244 Pennsylvania Ave #306, Miami Beach, FL 33139

Bedrooms
1
Baths
1
Living area
514 ft²
Price per ft²
$446 / ft²
Type
Condo
Year built
1925
HOA
$604 / mo HOA
On market
13 days on market
MLS #
A12106181

INVESTORS CALL! - Beautiful 1-bedroom apartment in the heart of South Beach. Art Deco historic building with a renovated, bright unit featuring an open kitchen, stainless steel appliances, granite countertops, waterproof PVC flooring, and central A/C. Secure building with lobby, elevator, and on-site laundry. Prime location: steps from Española Way, Lincoln Rd, the beach, Flamingo Park, shops, and public transportation. Important: Buyer must purchase with current tenant in place. Tenant just moved in with a 1-year lease at $1,850/month. No showings permitted prior to contract acceptance. Buyer may inspect the unit during the inspection period.

The MiamiLi Read

The lines below are derived automatically from this listing’s own data and the area’s recorded deed transfers. They are not a personal opinion or investment advice.

  • Price per square footThe asking price per ft² on this listing is $446. The median for recorded sales in the same ZIP codes is $606/ft² — putting it 26% below the median.
  • Position in the area’s price distributionThe asking price is $229,000; the median of recorded sales in the area is $590,000 (2,281 sales). On raw price that is 61% below the median — this line does NOT adjust for property type or size.
  • HOA fee as a share of priceAn HOA fee of $604 per month comes to $7,248 a year — 3.2% of the asking price. That amount is deducted from rental yield.

How to read this comparison: the figure on the left is an asking price, while the one on the right is a closed sale median — the two are not the same thing, and the room to negotiate sits inside that gap. The median covers every property type and size in those ZIP codes; it carries no adjustment for a single listing’s floor, view, age or finishes. This box is not an appraisal.

Scope: ZIP codes 33139, 33140, 33141 · arm’s-length sales recorded by the Miami-Dade County Property Appraiser.

Monthly mortgage payment

Estimated monthly loan payment based on this listing's price. Adjust the down payment, rate and term to match your own terms.

30%$68,700
Term

7.32% — Freddie Mac PMMS (FRED) current mortgage rates, 30-year fixed, conforming. Priced October 22, 2026.

Estimated monthly payment$1,101
Loan amount
$160,300
Total interest over the term
$236,114
Total repaid
$396,414

Principal and interest only; property tax, insurance and HOA dues are NOT included. This is not a binding offer.

Plentium Realty

Listing data provided by the Southeast Florida MLS (MIAMI REALTORS®) IDX feed. Copyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited.

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