HomeCondos for SalePenn Terrace Towers CondoUnit 307
730 Pennsylvania Ave, Unit 307
+12 more
$250K

Penn Terrace Towers Condo Unit 307

730 Pennsylvania Ave, Unit 307 • Miami Beach, FL 33139

at Penn Terrace Towers Condo

Beds
1
Baths
1
Living Area
717 SF
Price / SF
$349
HOA / Monthly
$590
Days on Market
84
Insider Price

About This Unit

Live, work, and play in the heart of vibrant South Beach! Rarely available Penn Terrace Towers condo is a short walk to the beach, world class restaurants, hotels & shopping. The building has passed its 50 year re-certification, recent re-roofing & painted, no pending special assessments, proper reserves. Complex is pet friendly, has 24 hr surveillance, laundry facility, and remote controlled access to covered private parking garage, plus outside guest parking; a rare find. This spacious corner 1 bedroom 1 bath unit faces south, has lots of natural light, private balcony, tiled throughout, and is accessible via elevator or adjacent stairs. The building is owner-occupied only (no leasing permitted) ensuring a peaceful community. Seize the opportunity to own this prime South Beach property.

Pricing at Penn Terrace Towers Condo — $349/sqft
Penn Terrace Towers Condo Unit 307 is listed at $349/sqft.
Penn Terrace Towers Condo Unit 307 vs Active Listings at Penn Terrace Towers Condo: This condo is +2.0% higher (+$7/more per sqft) than the building's active 1BR median of $342/sqft, based on 2 active 1BRs.
Penn Terrace Towers Condo Unit 307 vs Recent Sold Listings at Penn Terrace Towers Condo: This unit is -14.7% lower ($60/less per sqft) than recent 1BR sales (median $409/sqft, based on 2 sales over 9 months).
Insider Negotiation Strategy: 1BR units at Penn Terrace Towers Condo typically close at 98.2% of asking. At that ratio, this unit could plausibly trade around $245,575.
Based on live MIAMIRE active & closed listings at Penn Terrace Towers Condo.
Time on Market — 84 days
Penn Terrace Towers Condo Unit 307 has been on the market for 84 days.
This unit's 84 days on the market is 41 days longer than the active 1BR median of 43 days (+95.3%).
Price History
Originally listed at $280,000. Reduced to $250,000 on Mar 2, 2026 (after 62 days on market) — -10.7% (−$30,000).
Estimated Monthly Cost
Mortgage (P&I)
$1,358
HOA
$590
Property Tax
$320
Total / mo
$2,267
Assumes 7.20% rate on 20% down (30-year fixed). Tax effective rate 1.53%. HOA $0.82/sqft · All-in $3.16/sqft / month. Excludes wind / flood / contents insurance — verify your actual rate with a lender.

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Recent Comparable Sales

Active 1BR Comps at Penn Terrace Towers Condo

UnitListSqft$/sqftDOM
#— 717 $349 84
#— 725 $335 2

Recent Closed 1BR Sales

ClosedUnitSold$/sqftvs List
2026-01-28 #— $278,000 $371
2026-03-10 #— $325,000 $448
Comps are limited to the same bedroom count. Sold prices reflect what closed buyers actually paid.
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 1970 (56 years old) — past Florida's 40-year recertification trigger; verify milestone status.
Ricky will verify all of the above with the HOA before closing.
💰 Current Owner's Cost Basis
The current owner bought this unit Mar 2022 for $229,000 — held 4 years. They’re now asking $250,000+9.2% (+$21,000) vs. cost basis.
Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.
Sales History
Date Price Type
Mar 2022 $229,000 arm’s-length
Nov 2000 $72,500 arm’s-length
Source: Miami-Dade Property Appraiser. This unit owns 1.389% of the building’s common elements. County living area: 717 sqft.
Unit: 307
Year Built: 1970
Stories: 7
City: Miami Beach
Postal Code: 33139
HOA Fee: $590 / Monthly
View: Garden View
Waterfront: No
Private Pool: No
Heating: Electric
Cooling: Central Air
Days on Market: 84
Listed: December 30, 2025
MLS #: A11936465

Location

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That's (305) 337-4259
Email About This Unit
Listing courtesy of: Hauser Realty
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11936465 • Updated Mar 24, 2026
Ricky Garcia Miami Realtor
Your Miami Insider

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Ricky Garcia  |  Global Luxury Realty  |  License #3521781

Ricky has closed deals at Penn Terrace Towers Condo. He knows the HOA, the best floors, and which units to avoid. Get a free no-pressure market analysis before you make any offer.

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