1231 Pennsylvania Ave · Miami Beach, FL 33139 · South Beach

1231 Penn

2-story low-rise, completed 1965, 12 residences in South Beach. 2 for sale on Nov 2, 2026.

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At a glance 1231 Penn (1231 Pennsylvania Ave, South Beach) is a 2-story, 12-unit building completed in 1965. As of Nov 2, 2026, 2 units are for sale and none for rent; the median rent was $1,800 a month over 4 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.

For sale
2
For rent
0
Median rent
$1,800/mo4 leases · 24 mo
Sold
1last 12 months
Built
1965
Floors
2
Residences
12county
Flood zone
AEFEMA
Owner-occupied
42%
Avg. unit
605sq ft

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

On the market at 1231 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.

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 1231 Penn.

Activity as of Nov 2, 2026
  • A quiet record. The most recent sale on record closed Dec 26, 2025; 4 sales are on record since 2020.
Read the full record 4 paragraphs and 10 facts, every figure from the MLS and county record

Built in 1965, 1231 Penn is a two-story low-rise at 1231 Pennsylvania Ave in South Beach. The Miami-Dade Property Appraiser lists 12 residential units, averaging 605 SF of living area.

On November 2, 2026, two units were listed for sale, asking $199K to $249K ($369 to $446/SF). One sale closed between November 2, 2025 and November 2, 2026 at $180K, $262/SF.

Two leases were signed over the same 12 months, at $1,750 and $1,800 a month.

About 42% of the residences are owner-occupied according to county records.

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
1231 Pennsylvania Ave, Miami Beach 33139
Neighborhood
South Beach
Year built
1965
Floors
2
Residences (county-verified)
12
Owner-occupied
42% of residences
Avg. unit size
605 sq ft
Total living area
7,257 sq ft
County condo folios
12
Recorded MLS listings
19

The numbers at 1231 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, 2020 to 2026. Count in the tooltip.

$187$374$2402020$2262021$3742024$2622025$187$374$2402020$2262021$3742024$2622025

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
YearSalesMedian $/SFLeasesMedian rent
2026 (to date)––1$1,800/mo*
20251$262*3$1,800/mo
20241$374*1$1,800/mo*
2022––2$2,025/mo*
20211$226*3$1,300/mo
20201$240*2$1,213/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 4 sales · 12 leases on record since 2020

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

UnitBDBASFAskedClosed$/SFClose dateDOM
211687$198,000$180,000$262Dec 26, 2025122

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

UnitBDBASFAsked/moLeased/mo$/SF/moLease dateDOM
901446$1,800/mo$1,800/mo$4.04Feb 10, 202627
501429$1,750/mo$1,750/mo$4.08Nov 5, 202570

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 1231 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 1231 Penn

5 more nearby

Smaller buildings close by: The Santa Barbara (130 m) · S & T (150 m) · Euclid Townhouses (190 m) · 1235 Meridian Ave (230 m) · 1344 Euclid Avenue (250 m) · Park Square (260 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

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.

Own here?

Get your unit's value

Tell me your unit and I'll prepare its value myself, from 1231 Penn's closed sales and what is listed now. Then we talk it through.

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Looking here?

Get alerts when a unit lists or sells

When a unit at 1231 Penn lists or sells, I'll let you know. I send these myself, not a robot.

Phone or email. One is enough.

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Enrique Ponte Ojeda on a balcony overlooking the water in Miami
I read the building before you buy or sell a unit in it.Closed history, the association's rules, what is really for sale and what it should trade at. Then we talk.
Enrique Ponte Ojeda
Licensed Florida Real Estate Agent · Carmona Realty Group

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