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763 Pennsylvania Ave, Unit 131
+7 more
$178K

Royal South Beach Condo Unit 131

763 Pennsylvania Ave, Unit 131 • Miami Beach, FL 33139

at Royal South Beach Condo

Beds
1
Baths
1
Living Area
282 SF
Price / SF
$631
HOA / Monthly
$871
Days on Market
27

About This Unit

REDUCED. PREMIUM LOCATION Only 2 blocks from Ocean Drive and the beach. Quick Sale. Top Corner Furnished South Beach Studio with natural ligh open sky views. Hotel Royal Condominium 763 Pennsylvania. Rent Day one. No restrictions. Others for sale in this building have original features no remodeling between 170-185. I paid 180 2 years ago spent 3,000 for the bathroom remodeled, floors, paint upgrades. Great Airbnb Rental. 24 hours Front Desk Service. Solarium on 2nd floor. They clean it for 80: bedding towels toiletries, coffee service. Sleeps 3 but other studios do 4, you can too with bunked beds. Parking available for the owner with the City. HOA 871 includes all utilities electrical water trash wifi, tv cable. Special assessment for 6 months. I'm the owner and very motivated to sell.

Pricing at Royal South Beach Condo — $631/sqft
Royal South Beach Condo Unit 131 is listed at $631/sqft.
Building-level comparison data is thin for this bedroom count — see Recent Comparable Sales below.
Based on live MIAMIRE active & closed listings at Royal South Beach Condo.
Time on Market — 27 days
Royal South Beach Condo Unit 131 has been on the market for 27 days.
Building-level pace data is thin for this bedroom count.
Price History
Originally listed at $187,336. Reduced to $178,000 on Mar 16, 2026 (after 17 days on market) — -5.0% (−$9,336).
Estimated Monthly Cost
Mortgage (P&I)
$967
HOA
$871
Property Tax
$167
Total / mo
$2,004
Assumes 7.20% rate on 20% down (30-year fixed). Tax effective rate 1.12%. HOA $3.09/sqft · All-in $7.11/sqft / month. Excludes wind / flood / contents insurance — verify your actual rate with a lender.

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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 1936 (90 years old) — past Florida's 40-year recertification trigger; verify milestone status.
Verify all of the above with the HOA before closing.
Unit: 131
Year Built: 1936
Stories: 3
City: Miami Beach
Postal Code: 33139
HOA Fee: $871 / Monthly
View: Other View, Skyline
Waterfront: No
Private Pool: No
Heating: Central
Cooling: Central Air
Days on Market: 27
Listed: February 28, 2026
MLS #: A11972585

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-RICKY
That's (305) 337-4259
Email About This Unit
Ricky Garcia
Ricky Garcia
Ricky J. Garcia LLC
Licensed with Global Luxury Realty
Listing courtesy of: Beycome of Florida LLC
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11972585 • Updated Mar 27, 2026 • Photos uploaded 58 days ago.