1228 Pennsylvania Ave · Miami Beach, FL 33139 · South Beach

Penn

2-story low-rise, completed 1961, 14 residences in South Beach. 1 for sale and 1 for rent on Nov 2, 2026.

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At a glance Penn (1228 Pennsylvania Ave, South Beach) is a 2-story, 14-unit building completed in 1961. As of Nov 2, 2026, 1 unit is for sale and 1 is for rent; the median rent was $1,850 a month over 3 leases in the last 24 months. FEMA flood zone AE. Source: Miami Assoc. of REALTORS® MLS via Bridge IDX, Miami-Dade Property Appraiser records and the FEMA flood map.

Photo · MLS listing in this building

For sale: 1
For rent: 1
Median rent: $1,850/mo3 leases · 24 mo
Sales on record: 8since 2022
Built: 1961
Floors: 2
Residences: 14county
Flood zone: AEFEMA
Owner-occupied: 14%
Avg. unit: 484sq ft

MLS via Bridge IDX · as of Nov 2, 2026 · How these numbers are made

On the market at Penn.

The weekly MLS snapshot, newest asks first. Each unit opens its full listing: photos, taxes, history. Or check the live feed for today's inventory.

Snapshot as of Nov 2, 2026.

For sale 1 listing · Nov 2, 2026

Unit 3$180,000$450/SF0 bd · 1 ba · 400 sf735 days listed · $320/mo HOA · listed by Collins International Prop.Full listing →

For rent 1 listing · Nov 2, 2026

Unit 12$1,600/mo$4.00/SF0 bd · 1 ba · 400 sf2 days listed · listed by London Foster RealtyFull listing →

Under contract 1

Unit 2$180,000 · 0 bd

Listings matched to this building's recorded addresses. I don't have to be the listing agent to show you any unit or to negotiate for you. Search condos in 33139

The read on Penn.

Activity as of Nov 2, 2026

A quiet record. The most recent sale on record closed Mar 20, 2025; 8 sales are on record since 2022.

Read the full record 4 paragraphs and 10 facts, every figure from the MLS and county record

Built in 1961, Penn is a two-story low-rise at 1228 Pennsylvania Ave in South Beach. The Miami-Dade Property Appraiser lists 14 residential units, averaging 484 SF of living area.

On November 2, 2026, one unit was listed for sale, asking $180K (that is $450/SF). One more was under contract. No sale closed between November 2, 2025 and November 2, 2026; one closed in the 12 months before.

One unit was offered for rent at $1,600 a month. Two leases were signed over the same 12 months, at $1,850 and $2,700 a month.

About 14% of the residences are owner-occupied according to county records, which points to an investor-heavy ownership base.

Sources: Miami Assoc. of REALTORS® MLS via Bridge IDX (activity as of November 2, 2026), Miami-Dade Property Appraiser records. Blanks mean the record doesn't state it; nothing here is estimated.

The record

Address: 1228 Pennsylvania Ave, Miami Beach 33139
Neighborhood: South Beach
Year built: 1961
Floors: 2
Residences (county-verified): 14
Owner-occupied: 14% of residences
Avg. unit size: 484 sq ft
Total living area: 6,780 sq ft
County condo folios: 14
Recorded MLS listings: 21

The numbers at Penn.

Every sale and lease the MLS has recorded at this address, sales first.

MLS via Bridge IDX · as of Nov 2, 2026

Median $/SF by year closed

Every recorded sale at this address, 2022 to 2026. Count in the tooltip.

Pale bars: fewer than three sales that year, so the bar is the sale itself or the average of two, too few for a median.

Year by year, every recorded closing

Year	Sales	Median $/SF	Leases	Median rent
2026 (to date)	–	–	2	$2,275/mo*
2025	1	$433*	1	$1,800/mo*
2024	2	$425*	1	$2,650/mo*
2023	2	$410*	–	–
2022	3	$473	–	–
2021	–	–	1	$1,350/mo*
2020	–	–	3	$1,300/mo
2019	–	–	1	$1,200/mo*

* Fewer than three closings that year: the figure is the closing itself or the average of two, too few for a median.

Show all closings 8 sales · 9 leases on record since 2022

Closed sales Nov 2, 2024 to Nov 2, 2026 · 1

Unit	BD	BA	SF	Asked	Closed	$/SF	Close date	DOM
14	0	1	400	$178,000	$173,000	$433	Mar 20, 2025	0

Leases signed Nov 2, 2025 to Nov 2, 2026 · 2

Unit	BD	BA	SF	Asked/mo	Leased/mo	$/SF/mo	Lease date	DOM
6	0	1	400	$1,850/mo	$1,850/mo	$4.63	Aug 21, 2026	24
1	1	1	700	$2,700/mo	$2,700/mo	$3.86	Jul 1, 2026	34

Data: Miami Assoc. of REALTORS® MLS via Bridge IDX, as of Nov 2, 2026. Listings matched to this building's recorded addresses; pending includes under-contract. Closed listings shown as records only, no photos. Blanks mean the record doesn't state it. How these numbers are made

The file on Penn.

The rules on record, the documents in my files, the two Florida checks every buyer should run, and the buildings around it. Each card opens.

FEMA flood zone

AE

Inside FEMA's Special Flood Hazard Area. A federally backed mortgage requires flood insurance here.

What the zone means

The 1% annual chance ("100-year") flood area, with a base flood elevation set.
Base flood elevation 8 ft (NGVD29).
The zone is a map line, not a premium. Ask the association for its master flood policy, and get a flood quote for the specific unit before you commit.

FEMA National Flood Hazard Layer, checked at the building's mapped location on Oct 12, 2026. Open the official map ↗

Nearby

Around Penn

5 more nearby

Smaller buildings close by: The Santa Barbara (50 m) · S & T (60 m) · Euclid Townhouses (100 m) · 1235 Meridian Ave (150 m) · Park Square (190 m) · 1344 Euclid Avenue (190 m)

Compare with the two nearest →Every South Beach building →Distances are straight-line. Building data from Miami Assoc. of REALTORS® MLS records via Bridge IDX.

Own here, or looking here

Your next move at Penn starts here.

Owners: tell me your unit and I'll prepare its value myself. Buyers and renters: I'll tell you when a unit here lists or sells. Either way it starts a conversation with me, not a mailing list.

Enrique Ponte Ojeda on a balcony overlooking the water in Miami — **Enrique Ponte Ojeda**
Licensed Florida Real Estate Agent · Carmona Realty Group

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Call / Text786-578-6900 Emaileponteojeda@gmail.com