Penn 7

This home was listed in March 2026 and is no longer on the market. It did not close through the MLS.

Unit 7
1 / 17
Penn Unit 7 No Longer Listed
No longer listed
1228 Pennsylvania Ave 7 · Ocean Drive · Miami Beach
1228 Pennsylvania Ave 7, 1228 Pennsylvania Ave 7, Ocean Drive, Miami Beach FL 33139, photo 1 of 171228 Pennsylvania Ave 7, 1228 Pennsylvania Ave 7, Ocean Drive, Miami Beach FL 33139, photo 2 of 171228 Pennsylvania Ave 7, 1228 Pennsylvania Ave 7, Ocean Drive, Miami Beach FL 33139, photo 3 of 171228 Pennsylvania Ave 7, 1228 Pennsylvania Ave 7, Ocean Drive, Miami Beach FL 33139, photo 4 of 171228 Pennsylvania Ave 7, 1228 Pennsylvania Ave 7, Ocean Drive, Miami Beach FL 33139, photo 5 of 171228 Pennsylvania Ave 7, 1228 Pennsylvania Ave 7, Ocean Drive, Miami Beach FL 33139, photo 6 of 171228 Pennsylvania Ave 7, 1228 Pennsylvania Ave 7, Ocean Drive, Miami Beach FL 33139, photo 7 of 171228 Pennsylvania Ave 7, 1228 Pennsylvania Ave 7, Ocean Drive, Miami Beach FL 33139, photo 8 of 171228 Pennsylvania Ave 7, 1228 Pennsylvania Ave 7, Ocean Drive, Miami Beach FL 33139, photo 9 of 171228 Pennsylvania Ave 7, 1228 Pennsylvania Ave 7, Ocean Drive, Miami Beach FL 33139, photo 10 of 171228 Pennsylvania Ave 7, 1228 Pennsylvania Ave 7, Ocean Drive, Miami Beach FL 33139, photo 11 of 171228 Pennsylvania Ave 7, 1228 Pennsylvania Ave 7, Ocean Drive, Miami Beach FL 33139, photo 12 of 171228 Pennsylvania Ave 7, 1228 Pennsylvania Ave 7, Ocean Drive, Miami Beach FL 33139, photo 13 of 171228 Pennsylvania Ave 7, 1228 Pennsylvania Ave 7, Ocean Drive, Miami Beach FL 33139, photo 14 of 171228 Pennsylvania Ave 7, 1228 Pennsylvania Ave 7, Ocean Drive, Miami Beach FL 33139, photo 15 of 171228 Pennsylvania Ave 7, 1228 Pennsylvania Ave 7, Ocean Drive, Miami Beach FL 33139, photo 16 of 171228 Pennsylvania Ave 7, 1228 Pennsylvania Ave 7, Ocean Drive, Miami Beach FL 33139, photo 17 of 17
Not AvailableAsking Price
Per SqFt
2/1Beds/BathsBd/Ba
700SqFt · 65.0 m²
Penn · MLS A11989126 · 177 days on Zilbert · Listed Mar 25, 2026 · 1228 Pennsylvania Ave 7, Ocean Drive, Miami Beach FL 33139Current layoutPhotos first

Property Details

Asking PriceNot Available
Price per SqFt
Maintenance fee$560 Monthly
Property Taxes$3,512 2025
Interior Space700 SqFt
Beds/Baths2/1
Year Built1961
MLS #A11989126

Estimated Costs

An estimate of condo or HOA fees and property taxes

Monthly carry, before financing
$560maintenance · $560 per month
$293taxes · $3,512/yr ÷ 12
$853 / monthassociation + taxes, before mortgage and insurance

Fees and taxes based on MLS provided figures, and may not be accurate

From the listing

Turnkey 2-bedroom, 1-bath condo in the heart of Miami Beach — ideal for savvy investors. Currently rented at $2,700/month through March 2027, offering immediate and stable cash flow from day one. Features include a bright, open layout with modern finishes, full appliance package, one assigned parking space, and an open balcony/patio. The building has passed its 40-year certification, with a new roof installed last year and exterior repainting currently in progress, enhancing both curb appeal and long-term value. With 365 lease days allowed per year, this is a streamlined addition to any South Florida investment portfolio. Minutes from the beach, dining, shopping, and entertainment. Cash only.

Listed by AFS Living

Sales History for This Home · Penn Unit 7

Sales history is unavailable for this property

Mark Zilbert
Mark Zilbert
Licensed Real Estate Broker · I track every sale at Penn. Ask me about this home or the neighborhood.
+1 (786) 280-0201

Listed by AFS Living. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in Miami Beach and throughout South Florida.

The curated data and calculated data for this property and its surrounding condo units and homes is based solely on data we have extracted from the MLS. There may be unpublished, private, quit claim and other property offerings and transfers that do not appear here, which may affect how a buyer or seller perceives property values. Always conduct proper due diligence when considering buying or selling property.