‹›1231 Penn Inc 8
Unit 8
1 / 43

1231 Penn Inc Unit 8 For Sale

$249,000
1231 Pennsylvania Ave 8 · Ocean Drive · Miami Beach
1231 Penn Inc Unit 8 For Sale
$249,000
1231 Pennsylvania Ave 8 · Ocean Drive · Miami Beach
MLS A12027093
1231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 1 of 431231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 2 of 431231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 3 of 431231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 4 of 431231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 5 of 431231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 6 of 431231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 7 of 431231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 8 of 431231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 9 of 431231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 10 of 431231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 11 of 431231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 12 of 431231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 13 of 431231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 14 of 431231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 15 of 431231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 16 of 431231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 17 of 431231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 18 of 431231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 19 of 431231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 20 of 431231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 21 of 431231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 22 of 431231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 23 of 431231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 24 of 431231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 25 of 431231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 26 of 431231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 27 of 431231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 28 of 431231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 29 of 431231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 30 of 431231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 31 of 431231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 32 of 431231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 33 of 431231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 34 of 431231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 35 of 431231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 36 of 431231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 37 of 431231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 38 of 431231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 39 of 431231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 40 of 431231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 41 of 431231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 42 of 431231 Pennsylvania Ave 8, 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139, photo 43 of 43
$249,000Asking Price
$369Per SqFt
1/1Beds/BathsBd/Ba
675SqFt · 62.7 m²
1231 Penn Inc · MLS A12027093 · 170 days on Zilbert · Listed May 16, 2026 · 1231 Pennsylvania Ave 8, Ocean Drive, Miami Beach FL 33139

Property Details

Asking Price$249,000
Price per SqFt$369
Maintenance Fee$768 Monthly
Property Taxes$3,712 2025
Interior Space675 SqFt
Beds/Baths1/1
Year Built1965
MLS #A12027093

Location

Directions

From the listing

0pportunity in the heart of South Beach! Bright and spacious 1 bedroom with den, assigned parking, in-unit washer & dryer, and a full kitchen — a major advantage compared to many South Beach studios with only kitchenettes. Functional layout with flexible den space ideal for a home office or guest area. Just blocks from Lincoln Road, Española Way, Flamingo Park, and only minutes from the beach. Enjoy being surrounded by top restaurants, cafés, shopping, nightlife, and everything that makes Miami Beach living unique. Excellent investor opportunity with tenant in place through June 2027 paying $2000/month, providing immediate rental income . aAsigned parking and in-unit washer .Excellent opportunity .

Listed by The Keyes Company

What It Costs to Own

Monthly, before a mortgage and insurance

Maintenance$768
Property taxes$309
Per month$1,077

Maintenance $768 a month; taxes $3,712 for 2025. MLS figures, which may not be accurate.

Sales History for This Home · 1231 Penn Inc Unit 8

Sale ⇅Sold Price ⇅Asking Price ⇅Beds/Baths ⇅SqFt ⇅Closed Date ⇅
Mark Zilbert, Global Real Estate Advisor
Mark Zilbert
Global Real Estate Advisor · ONE Sotheby's International Realty · I track every sale at 1231 Penn Inc. Ask me about this home or the neighborhood.

Listed by The Keyes Company. 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.

Mark ZilbertAsk Mark