+1 more
About This Unit
Location Location Location. Charming Studio in the Middle of South Beach. walking distance to the Beach and Flamingo Park.
Pricing at Penn Condo — $450/sqft
Penn Condo Unit 2 is listed at $450/sqft.
Building-level comparison data is thin for this bedroom count — see Recent Comparable Sales below.
Based on live MIAMIRE active & closed listings at Penn Condo.
Time on Market — 593 days
Penn Condo Unit 2 has been on the market for 593 days.
Building-level pace data is thin for this bedroom count.
Price History
Originally listed at $225,000. Reduced to $180,000 on Apr 20, 2026 (after 594 days on market) — -20.0% (−$45,000).
Estimated Monthly Cost
Mortgage (P&I)
$977
HOA
$320
Property Tax
$213
Total / mo
$1,511
Assumes 7.20% rate on 20% down (30-year fixed).
Tax effective rate 1.42%.
HOA $0.8/sqft · All-in $3.78/sqft / month.
Excludes wind / flood / contents insurance — verify your actual rate with a lender.
Schedule your private showing at Penn Condo.
Walk the unit with someone who knows this building inside out. Get pricing history, negotiation strategy, and the things the listing won't tell you.
That's (305) 337-4259 • Available 7 days a week
What to Verify
Flood Zone: This unit is in flood zone AE. High-risk flood zone (Special Flood Hazard Area). Federal flood insurance required for federally-backed mortgages.
Building Age: Built in 1961 (65 years old) — past Florida's 40-year recertification trigger; verify milestone status.
Verify all of the above with the HOA before closing.
Building: Penn Condo
Unit: 2
Year Built: 1961
Stories: 2
City: Miami Beach
Postal Code: 33139
HOA Fee: $320 / Monthly
View: Other View
Waterfront: No
Private Pool: No
Heating: Other
Cooling: Wall/Window Unit(s)
Days on Market: 593
Listed: September 4, 2024
MLS #: A11653624
Location
Tour with Ricky
Schedule your private showing. Get pricing history, negotiation strategy, and the things the listing won't tell you.
Text or Call (305) 33-RICKYThat's (305) 337-4259
Email About This Unit
Ricky Garcia
Ricky J. Garcia LLC
Licensed with Global Luxury Realty
Listing courtesy of: Collins International Prop.
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11653624
• Updated Apr 20, 2026
• Photos uploaded 600 days ago — check listing for current condition.