$2,900,000
Sold · October 31, 2025
1124 Pennsylvania Avenue
Miami Beach, FL 33139
Explore the area: Miami Beach homes for sale · Miami Dade County real estate
Sale Summary
What this home sold for
- Sold price
- $2,900,000
- Vs. list price
- 12.1% under
- Days on market
- 25
- Price per sq ft
- $356
This multi-family property in Ocean Beach Addn No 3 sold for $2,900,000 on October 31, 2025. That was 12.1% below its final list price of $3,300,000. It spent 25 days on the market.
Listing Snapshot
- Sold Price
- $2,900,000
- Sold On
- October 31, 2025
- Days on Site
- 25 Days
- Bedrooms
- 0
- Total Baths
- 0
- Living Area
- 8,140 sqft
- Total Sq Ft
- 8,140 sqft
- Year Built
- 1948
- Property Type
- Multi-Family
- MLS #
- A11873913
- Property Tax
- $33,824 (2025)
- Subdivision
- OCEAN BEACH ADDN NO 3
- County
- Miami Dade
- Status
- Sold
About This Property
12 units Exclusive Investment Opportunity in Miami Beach Almost completely renovated 12-unit, 8,140 SF low-rise buildingseamlessly blends historic charm with modern appeal, offering investors a prime multifamily asset in a prestigiouslocation. Property Highlights: ? Turnkey Investment – Fully renovated with new roof (August 2024) ? Strong RentalHistory – 95% occupancy rate, ensuring stable cash flow ? Unit Mix & Sizes: 8 Studios (Avg. 500 SF) – Rented at$1,650/month - 4 One-Bedroom Units (Avg. 700 SF) – Rented at $2,100/month ? Recertification Passed – Fullycompliant and up to code ? Projected Cap Rate: 6.76% upon rental completion ART DECO` DISTRICT
Virtual TourGeneral Features
- Property Type
- Multi-Family
- Status
- Sold
- Year Built
- 1948
- Property Condition
- Resale
- Number of Stories
- 2
- Living Sq Ft
- 8,140
- Total Sq Ft
- 8,140
- Structure Type
- Multi Family
- Sewer
- Public Sewer
- Zoning
- 3900
Interior Features
- Cooling
- Electric
- Heating
- Electric
- Flooring
- Parquet
Exterior Features
- Construction
- Block
- Roof
- Flat
Community & HOA
- Utilities
- Cable Available
- Financing Terms
- Cash / Conventional / Exchange1031
- MLS Area
- 2420
About the Community
Ocean Beach Addn No 3 is a luxury community in Miami Beach, Miami-Dade County, Florida. Properties are priced from $1,700,000 to $2,300,000. Pure Equity lists homes in Ocean Beach 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
- 15
- Median List Price
- $2,200,000
- Median $/Sq Ft
- $874
- Avg Days on Market
- 120
Frequently Asked Questions
- How do I schedule a tour of 1124 Pennsylvania Avenue, Miami Beach, FL 33139?
- Use the Tour button on this listing to request a showing of 1124 Pennsylvania Avenue, 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 1124 Pennsylvania Avenue, Miami Beach, FL 33139 still available?
- 1124 Pennsylvania Avenue, Miami Beach, FL 33139 is currently listed as Sold, and has been on the market 25 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 1124 Pennsylvania Avenue, Miami Beach, FL 33139?
- With 20% down ($660,000) on the $3,300,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 1124 Pennsylvania Avenue, Miami Beach, FL 33139 is about $17,343/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 1124 Pennsylvania Avenue, Miami Beach, FL 33139?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 1124 Pennsylvania Avenue, Miami Beach, FL 33139. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Can I negotiate the price of 1124 Pennsylvania Avenue, Miami Beach, FL 33139?
- Often, yes. The right offer on 1124 Pennsylvania Avenue, Miami Beach, FL 33139 depends on how it's priced against comparable multi-family 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 The Keyes Company
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 July 1, 2026.
$2,900,000
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Listed by Fabrizio Passatore, The Keyes Company
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Recent Sales
Recently sold homes in Ocean Beach Addn No 3
These are the last 6 recorded closings in Ocean Beach Addn No 3, with the price each home actually sold for rather than what it was listed at. They closed at a median of $577 per square foot. The most recent closed on September 2, 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$350,000
Sold · September 2, 2026
1045 10th Street 204
1 bed · 1.5 bath · 890 sqft · $393/sqft
Sold$1,800,000
Sold · July 30, 2026
1018 Jefferson Avenue
12 bed · 11 bath · 4,689 sqft · $384/sqft
$750,000 under the asking price
Sold$2,375,000
Sold · June 22, 2026
1335 Lenox Avenue
5 bed · 3 bath · 2,363 sqft · $1,005/sqft
$124,000 under the asking price
Sold$3,550,000
Sold · April 23, 2026
1315 Lenox Avenue
3 bed · 2.5 bath · 2,378 sqft · $1,493/sqft
$300,000 under the asking price
Sold$1,900,000
Sold · March 30, 2026
1244 Michigan Avenue
5 bed · 3 bath · 3,295 sqft · $577/sqft
Sold$1,200,000
Sold · January 13, 2026
1405 Lenox Avenue
3 bed · 2 bath · 2,112 sqft · $568/sqft
$299,000 under the asking price
See every recorded sale in Ocean Beach Addn No 3 or find out what your Ocean Beach Addn No 3 home is worth.
