1400 Pennsylvania Ave · Miami Beach, FL 33139 · South Beach

Terrace East

4-story low-rise, completed 1965, 53 residences in South Beach. 2 for sale and 2 for rent on Nov 2, 2026.

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

Phone or email. One is enough.

Thinking about

Goes to Enrique only. No mailing list.

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

Phone or email. One is enough.

Alerts for

Goes to Enrique only. No mailing list.

WhatsApp Enrique

At a glance Terrace East (1400 Pennsylvania Ave, South Beach) is a 4-story, 53-unit building completed in 1965. As of Nov 2, 2026, 2 units are for sale and 2 are for rent; the median closed price was $368 per square foot over 3 sales 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
2
For rent
2
Median $/SF
$3683 sales · 24 mo
Sales on record
23since 2020
Built
1965
Floors
4
Residences
53county
Flood zone
AEFEMA
Owner-occupied
40%
Avg. unit
541sq ft

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

On the market at Terrace East.

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 Terrace East.

Activity as of Nov 2, 2026
  • Resale +7%. The median closed price moved from $345/SF in 2021 (3 sales) to $368/SF in 2025 (3 sales), the first and last years with three or more recorded sales.
Read the full record 4 paragraphs and 10 facts, every figure from the MLS and county record

Built in 1965, Terrace East is a four-story low-rise at 1400 Pennsylvania Ave in South Beach. The Miami-Dade Property Appraiser lists 53 residential units, averaging 541 SF of living area.

On November 2, 2026, two units were listed for sale, asking $210K to $399K ($483 to $614/SF). No sale closed between November 2, 2025 and November 2, 2026; three closed in the 12 months before. The MLS holds 23 closed sales here going back to 2020; among years with three or more sales, 2023 set the high at a median $460/SF.

Two units were offered for rent at $1,700 to $1,950 a month. Three leases were signed over the same 12 months, at a median $1,700 a month (range $1,700 to $2,200).

About 40% 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
1400 Pennsylvania Ave, Miami Beach 33139
Neighborhood
South Beach
Year built
1965
Floors
4
Residences (county-verified)
53
Owner-occupied
40% of residences
Avg. unit size
541 sq ft
Total living area
28,650 sq ft
County condo folios
53
Recorded MLS listings
56

The numbers at Terrace East.

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.

$230$460$2822020$3452021$4282022$4602023$2992024$3682025$230$460$2822020$3452021$4282022$4602023$2992024$3682025

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)––2$1,950/mo*
20253$3686$1,650/mo
20245$2998$1,625/mo
20233$4607$1,800/mo
20227$4282$2,150/mo*
20213$3453$1,100/mo
20202$282*2$1,123/mo*
2019––1$1,300/mo*

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

Own here? See how the building moved since you bought.

Median closed $/SF in 2021: $345 (3 sales). In the last 24 months: $368 (3 sales). Change: +7%.

This is the building's movement, not your unit's value. Floor, view, line and condition move a unit's price more than the building does. Only years with three or more recorded sales are listed.

Get your unit's value →
Show all closings 23 sales · 31 leases on record since 2020

Closed sales Nov 2, 2024 to Nov 2, 2026 · 3

UnitBDBASFAskedClosed$/SFClose dateDOM
2401435$168,000$152,000$349Apr 24, 202518
1601435$175,000$160,000$368Apr 11, 202534
3501435$175,000$160,000$368Apr 11, 202532

Leases signed Nov 2, 2025 to Nov 2, 2026 · 3

UnitBDBASFAsked/moLeased/mo$/SF/moLease dateDOM
1501435$1,700/mo$1,700/mo$3.91Aug 1, 202613
811650$2,300/mo$2,200/mo$3.38Jun 15, 202619
1501435$1,700/mo$1,700/mo$3.91Dec 15, 202555

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 Terrace East.

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 ↗

Milestone structural inspection

Turned 30 in 1995

The statute's first deadline for a building this age was December 31, 2024, then every 10 years.

What the deadline means
  • Based on year built 1965 (county record). The statute counts from the certificate of occupancy date, which can differ.
  • The association must give every owner the inspector's summary. Ask for it, and for the structural integrity reserve study, before you commit.

Fla. Stat. § 553.899(3) ↗ and Miami-Dade recertification ↗, read Oct 9, 2026. What the deadline means for buyers

Nearby

Around Terrace East

5 more nearby

Smaller buildings close by: 1344 Euclid Avenue (120 m) · The Park Vintage (150 m) · 735 (170 m) · Marquesa (180 m) · The Santa Barbara (220 m) · S & T (230 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 Terrace East's closed sales and what is listed now. Then we talk it through.

Phone or email. One is enough.

Thinking about

Goes to Enrique only. No mailing list.

Looking here?

Get alerts when a unit lists or sells

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

Phone or email. One is enough.

Alerts for

Goes to Enrique only. No mailing list.

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

Or reach me directly

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