$359,000
1027 Pennsylvania Avenue 302
Miami Beach, FL 33139
Explore the area: Miami Beach homes for sale · Miami Dade County real estate
Price Check
How this price compares
- Asking price
- $359,000
- Price per sq ft
- $454
- Original price
- $399,000
- Days on market
- 220
This 2-bedroom condo in Penn Plaza Condo went under contract with an asking price of $359,000, or $454 per square foot. The asking price has come down 10% from its original $399,000. It spent 220 days on the market before going under contract.
Estimated monthly payment
$1,887 /mo
Principal and interest only, based on $71,800 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $650/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $359,000
- Days on Site
- 220 Days
- Bedrooms
- 2
- Total Baths
- 2
- Full Baths
- 2
- Partial Baths
- 0
- Living Area
- 790 sqft
- Total Sq Ft
- 790 sqft
- Year Built
- 1925
- Property Type
- Condo
- MLS #
- A11930559
- Property Tax
- $4,270 (2024)
- HOA Fees
- $650 / Monthly
- Subdivision
- PENN PLAZA CONDO
- County
- Miami Dade
- Status
- Under Contract
About This Property
Seller is motivated and has repositioned this beautifully renovated 2-bedroom, 2-bath condo in the heart of South Beach to attract immediate interest. Previously listed at $385,000, the new price of $359,000 presents an exceptional opportunity for buyers seeking a turnkey residence or investment in one of Miami Beach’s most desirable neighborhoods.Located at 1027 Pennsylvania Ave #302, this fully renovated residence features modern finishes throughout, including updated flooring, a contemporary kitchen with quartz countertops and new appliances, upgraded lighting, and redesigned bathrooms. The bright layout offers comfortable living spaces and a clean, modern aesthetic ready for immediate occupancy.Situated on a charming tree-lined street in the Flamingo Park neighborhood, the building is moments from the beach, Lincoln Road, Española Way, and Flamingo Park’s tennis courts, pool, and athletic facilities.With the seller strategically reducing the price to generate strong buyer interest and move the property quickly, this is an excellent opportunity for end-users or investors to secure a renovated South Beach property at a compelling value.
Virtual TourGeneral Features
- Property Type
- Condo
- Status
- Under Contract
- Year Built
- 1925
- Property Condition
- Updated Remodeled
- Number of Stories
- 3
- Garage Spaces
- 0
- Living Sq Ft
- 790
- Total Sq Ft
- 790
Interior Features
- Appliances
- Electric Range / Refrigerator / Washer
- Cooling
- Central Air
- Heating
- Central
- Flooring
- Marble
- Interior Features
- None
Exterior Features
- Construction
- Block
Community & HOA
- HOA Fee
- $650 / Monthly
- HOA Includes
- Common Areas / Hot Water / Insurance / Maintenance Grounds / Maintenance Structure / Sewer / Trash / Water
- Association Amenities
- None
- Security
- Phone Entry
- Pets Allowed
- Cats Ok / Yes
- 55+ Community
- Yes
- Financing Terms
- Cash / Conventional
- Restrictions
- No Restrictions / Okay To Lease1st Year / Ok To Lease
- MLS Area
- 2420
This home's HOA fee works out to $650 a month, in line with the $671 median across 5 homes for sale in Penn Plaza Condo. See Penn Plaza Condo HOA fees
Schools
- Elementary School
- Miami Beach Fienberg / Fisher K-8
- High School
- Miami Beach
About the Community
Penn Plaza Condo is a community in Miami Beach, Miami-Dade County, Florida. Active listings are priced from $329,000 to $414,000. Homes were built starting 1925. Pure Equity lists homes in Penn Plaza and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
- Homes for Sale
- 5
- Median List Price
- $354,000
- Median $/Sq Ft
- $448
- Avg Days on Market
- 136
Frequently Asked Questions
- How do I schedule a tour of 1027 Pennsylvania Avenue 302, Miami Beach, FL 33139?
- Use the Tour button on this listing to request a showing of 1027 Pennsylvania Avenue 302, Miami Beach, FL 33139. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 1027 Pennsylvania Avenue 302, Miami Beach, FL 33139 still available?
- 1027 Pennsylvania Avenue 302, Miami Beach, FL 33139 is currently listed as Under Contract, and has been on the market 220 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 1027 Pennsylvania Avenue 302, Miami Beach, FL 33139?
- With 20% down ($71,800) on the $359,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 1027 Pennsylvania Avenue 302, Miami Beach, FL 33139 is about $1,887/mo, before property taxes, insurance, and HOA dues. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 1027 Pennsylvania Avenue 302, Miami Beach, FL 33139?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 1027 Pennsylvania Avenue 302, Miami Beach, FL 33139. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Does 1027 Pennsylvania Avenue 302, Miami Beach, FL 33139 have an HOA fee?
- Yes: 1027 Pennsylvania Avenue 302, Miami Beach, FL 33139 carries an HOA fee of about $650 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
- What schools serve 1027 Pennsylvania Avenue 302, Miami Beach, FL 33139?
- 1027 Pennsylvania Avenue 302, Miami Beach, FL 33139 is zoned for Miami Beach Fienberg / Fisher K-8 (elementary), Miami Beach (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 1027 Pennsylvania Avenue 302, Miami Beach, FL 33139?
- Often, yes. The right offer on 1027 Pennsylvania Avenue 302, Miami Beach, FL 33139 depends on how it's priced against comparable condo sales in Miami Beach, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Rise Realty
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.
$359,000
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Listed by Mario Rodriguez, Rise Realty
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Recent Sales
Recently sold homes in Penn Plaza Condo
These are the last 5 recorded closings in Penn Plaza Condo, with the price each home actually sold for rather than what it was listed at. They closed at a median of $353 per square foot. The most recent closed on June 10, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$205,000
Sold · June 10, 2026
1027 Pennsylvania Avenue 101
1 bed · 1 bath · 580 sqft · $353/sqft
$10,000 under the asking price
Sold$288,000
Sold · June 10, 2026
1027 Pennsylvania Avenue 301
2 bed · 2 bath · 930 sqft · $310/sqft
$11,000 under the asking price
Sold$237,500
Sold · June 1, 2026
1530 Pennsylvania Avenue 203
1 bed · 1 bath · 534 sqft · $445/sqft
$31,500 under the asking price
Sold$237,500
Sold · June 1, 2026
1530 Pennsylvania Avenue 204
1 bed · 1 bath · 548 sqft · $433/sqft
$27,500 under the asking price
Sold$246,500
Sold · March 19, 2026
1027 Pennsylvania Avenue 303
2 bed · 1 bath · 800 sqft · $308/sqft
$41,000 under the asking price
See every recorded sale in Penn Plaza Condo or find out what your Penn Plaza Condo home is worth.
