Penn Plaza, 1027 Pennsylvania Ave #302

$399K10%
$359,000
2
Beds
2
Baths
790
SqFt
Status
Backup
A backup offer is when a home seller has accepted an offer from a buyer, but is still accepting offers from other buyers. Sellers state that they are accepting backup offers if they think the current offer may fall through.
Parking
No info
Size
790 SqFt (73 m2)
Price
$454/SqFt ($4,891/m2)
Type
Condo
Built
1925
HOA
$650/MO
MLS Number
A11930559
View
None
On Site
274 Days
Updated
4 Days ago
Page Views
0
Seller is motivated and has repositioned this beautifully renovated 2-bedroom, 2-bath condo in the heart of South Beach to attract immediate interest. Previously listed at $385,000, the new price of $359,000 presents an exceptional opportunity for buyers seeking a turnkey residence or investment in one of Miami Beach’s most desirable neighborhoods. Located at 1027 Pennsylvania Ave #302, this fully renovated residence features modern finishes throughout, including updated flooring, a contemporary kitchen with quartz countertops and new appliances, upgraded lighting, and redesigned bathrooms. The bright layout offers comfortable living spaces and a clean, modern aesthetic ready for immediate occupancy. Situated on a charming tree-lined street in the Flamingo Park neighborhood, the building is moments from the beach, Lincoln Road, Española Way, and Flamingo Park’s tennis courts, pool, and athletic facilities. With the seller strategically reducing the price to generate strong buyer interest and move the property quickly, this is an excellent opportunity for end-users or investors to secure a renovated South Beach property at a compelling value.

Features

Bedrooms
  • Bedrooms: 2
Bathrooms
  • Bathrooms: 2
  • Half Bathrooms: No info
Exterior and Lot Features
  • Exterior Features: Fence
  • View: None
Interior, Heating and Cooling
  • Interior Features: ThirdFloorEntry
  • Equipment / Appliances: ElectricRange, Refrigerator, Washer
  • Heating Description: Central
  • Cooling Description: CentralAir
Building and Construction
  • Floor Description: Marble
  • Year Built: 1925
  • Year Built Description: Effective Year Built
  • Style: None
Waterfront and Water Access
  • Waterfront Frontage: No info
School Information
  • Middle School: Nautilus
  • Senior High School: Miami Beach
Other Property Info
  • Garage: No info
  • Listing Date: 2025-12-15T11:24:44.000-00:00
  • Pets Allowed: CatsOk,Yes
Taxes, Fees & More
  • Maintenance Includes: CommonAreas, HotWater, Insurance, MaintenanceStructure, Sewer, Trash, Water
  • Taxes: 4270
  • Security Information: Intercom
  • Parking Description: None
  • Total Floors in Building: 3

Apples-to-Apples Comparables

 Closest-Match Comparables
See closest-match comps for this subdivision
No obligation
Verified
Trends
Insights
Best of Luxury Realty
Talk to a local advisor
Licensed advisors answering your questions across Miami Beach, FL
01
Licensed Brokerage
02
Local Advisors
03
Direct Answers
Exclusive real estate service partner

Price History

Current
$359K
High
$399K
Low
$359K
Total Change
-10%
$404K$379K$354KDec 25Jan 26Mar 26
Date
Event
Price
Change
Price Per
03/10/2026
Price Reduced
$359K
-6.75%
$454 ft2
$4,891 m2
01/30/2026
Price Reduced
$385K
-3.51%
$487 ft2
$5,246 m2
12/14/2025
Listed
$399K
 
$505 ft2
$5,437 m2
03/10/2026
$359K
Event
Price Reduced
Change
-6.75%
Price Per
$454 ft2
$4,891 m2
01/30/2026
$385K
Event
Price Reduced
Change
-3.51%
Price Per
$487 ft2
$5,246 m2
12/14/2025
$399K
Event
Listed
Price Per
$505 ft2
$5,437 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Mario RodriguezRise Realty • Buyer Agency Compensation .

Listing Location & Street View
MapStreet View

Peer Listings

Active listings from matched communities
Results 0 of 0
No listings found
Try adjusting your filters or changing your location to see available listings
Turn on listing alerts and we'll notify you
when matching listings appear

Scores

Walk Score®
Walker's Paradise. Daily errands do not require a car
98

100
Transit Score®
Good Transit. Many nearby public transportation options
55

100
Bike Score®
Very Bikeable. Biking is convenient for most trips
76

100
Sound Score®
Very loud
70

100
Airport Score
Close to airports. Noticeable airport activity
0

100
Traffic Score
Congested area. Frequent traffic delays
37

100
Local Score
Limited local amenities nearby
3

100
Community Snapshot
2 – 2 BR
Bedrooms
$329K – $425K
Price Tier
490 - 930
SqFt Range
1925
Year Build
3
Total Floors
30
Total Units

Subdivision Amenities

Bike Storage
Elevators
Laundry
Maintenance
None
Trash

Miami Beach
Premium
Premium Homes & Condos