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763 Pennsylvania Ave, Unit 116
+5 more
$165K

Royal South Beach Condo Unit 116

763 Pennsylvania Ave, Unit 116 • Miami Beach, FL 33139

at Royal South Beach Condo

Baths
1
Living Area
270 SF
Price / SF
$611
HOA / Monthly
$836
Days on Market
75

About This Unit

Airbnb-friendly condo just 2 blocks from Ocean Drive in South Beach! Perfect for short-term rentals, manage it yourself or through a company. Fully renovated with modern finishes and sold fully furnished, including optional future bookings. Enjoy daily rental flexibility with an onsite receptionist and rooftop lounge. Live or invest in the heart of South Beach, close to restaurants, shops, and the beach! All utilities are included in the HOA fee.

Pricing at Royal South Beach Condo — $611/sqft
Royal South Beach Condo Unit 116 is listed at $611/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 — 75 days
Royal South Beach Condo Unit 116 has been on the market for 75 days.
Building-level pace data is thin for this bedroom count.
Price History
Originally listed at $170,000. Reduced to $165,000 on Apr 2, 2026 (after 79 days on market) — -2.9% (−$5,000).
Estimated Monthly Cost
Mortgage (P&I)
$896
HOA
$836
Property Tax
$199
Total / mo
$1,931
Assumes 7.20% rate on 20% down (30-year fixed). Tax effective rate 1.44%. HOA $3.1/sqft · All-in $7.15/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: 116
Year Built: 1936
Stories: 3
City: Miami Beach
Postal Code: 33139
HOA Fee: $836 / Monthly
View: None
Waterfront: No
Private Pool: No
Heating: Electric
Cooling: Electric
Days on Market: 75
Listed: January 14, 2026
MLS #: A11945395

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: Compass Florida, LLC   ·  2676646813
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11945395 • Updated Apr 2, 2026 • Photos updated 26 days ago.