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Condominium
$289,000$628 / sqft
1255 Pennsylvania Ave # 117, Miami Beach FL 33139
Listed
1
Bedrooms
1
Bathrooms
460 sqft
Interior
1925
Year built
$634 / mo
HOA
Condominium
Type
About this home
Bright, beautifully renovated corner residence offering the perfect blend of historic South Beach charm and modern convenience. Filled with natural light from dual exposures, this move-in-ready home is located on the first floor of a well maintained Art Deco building in one of Miami Beach’s most desirable neighborhoods. Thoughtfully updated throughout, the residence features in-unit laundry, brand-new stainless steel appliances, a new high-efficiency A/C system, touchless smartphone building entry, and stylish contemporary finishes. Open to purchase furnished, creating an exceptional turnkey opportunity for both end users and investors. Ideally positioned just moments from the ocean and beach, Flamingo Park, Lincoln Road, Whole Foods, world-class dining, shopping, fitness studios, and vibrant nightlife, this residence delivers the quintessential South Beach lifestyle with everyday convenience at your doorstep.
Features
- Lobby
- First Floor Entry
- Cooking Island
- Courtyard
- Garden View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- Ok To Lease
- Okay To Lease 1st Year
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 1-bed rentals in Miami Beach, from 200 active listings; the middle half ask $2,300–$3,900.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.