SOLD AUG 9, 2024
RENTED MAR 3, 2025
1027 Pennsylvania Ave Unit 306 Miami Beach, FL 33139
Flamingo Neighborhood
2
Beds
2
Baths
760
Sq Ft
$554/mo
HOA Fee
Highlights
- Intercom to Front Desk
- Walk-In Closet
- Card or Code Access
- Wood Flooring
- Views
- Central Air
About This Home
As of November 2024Discover the epitome of South Beach living with this remarkable offering! Situated in one of the most coveted locations in Miami's vibrant South Beach, this meticulously priced 2-bedroom 2-bath residence is a rare find. Set within a cool 1925 Art Deco building, it exudes charm and character. Open kitchen plan.
Currently housing two tenants who are renting below market value on a month-to-month basis, this property presents an exceptional investment opportunity. Moreover, with rentals permitted in the first year of ownership, the potential for income is immediate.
Beyond its investment potential, its prime location ensures a lifestyle second to none. Whether you're seeking a lucrative investment or a stylish urban retreat, this listing ticks all the boxes.
seller motivated!
Last Agent to Sell the Property
Coldwell Banker Realty License #3553080 Listed on: 04/09/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,767
Year Built
- Built in 1925
Lot Details
- Fenced
HOA Fees
- $554 Monthly HOA Fees
Interior Spaces
- 760 Sq Ft Home
- 3-Story Property
- Property Views
Kitchen
- <<microwave>>
- Dishwasher
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
Parking
- On-Street Parking
- Open Parking
Utilities
- Central Air
- Heating Available
Listing and Financial Details
- Assessor Parcel Number 02-42-03-246-0180
Community Details
Overview
- Low-Rise Condominium
- Penn Plaza Condo
- Penn Plaza Condo Subdivision
Amenities
- Laundry Facilities
- Intercom to Front Desk
Pet Policy
- Breed Restrictions
Security
- Card or Code Access
- Complex Is Fenced
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 17, 2024
Closed on
Nov 27, 2024
Sold by
Wallace Gabrielle
Bought by
Galvan Daniel Gonzalez
Seller's Agent
Ari Schickman
Coldwell Banker Realty
Buyer's Agent
Riolama Plessett
London Foster Realty
List Price
$329,000
Sold Price
$300,000
Premium/Discount to List
-$29,000
-8.81%
Views
46
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,940
Avg. Annual Appreciation
12.44%
Purchase Details
Listed on
Apr 9, 2024
Closed on
Aug 8, 2024
Sold by
Kinkelaar Matthew
Bought by
Wallace Gabrielle
Seller's Agent
Ari Schickman
Coldwell Banker Realty
Buyer's Agent
Ari Schickman
Coldwell Banker Realty
List Price
$335,000
Sold Price
$265,000
Premium/Discount to List
-$70,000
-20.9%
Views
69
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
51.21%
Purchase Details
Closed on
Mar 1, 2006
Sold by
Robinson Jules and Carranza Paola
Bought by
Kinkelaar Matthew
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,500
Interest Rate
6.05%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 27, 2004
Sold by
Kopa Katherine
Bought by
Robinson Jules
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,900
Interest Rate
5.68%
Mortgage Type
Unknown
Purchase Details
Closed on
Oct 7, 2002
Sold by
Sttropez Realty Inc C
Bought by
Kopa Katherine
Similar Homes in Miami Beach, FL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $300,000 | Floridian Title Group | |
| Warranty Deed | $265,000 | Clear Title Group | |
| Warranty Deed | $322,500 | Sovereign Title & Trust Co | |
| Warranty Deed | $195,000 | P&P Title Services Llc | |
| Deed | $175,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $25,943 | Unknown | |
| Previous Owner | $222,500 | New Conventional | |
| Previous Owner | $3,548 | Unknown | |
| Previous Owner | $51,000 | Stand Alone Second | |
| Previous Owner | $155,900 | Unknown | |
| Closed | $19,400 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/03/2025 03/03/25 | Rented | $2,900 | 0.0% | -- |
| 01/27/2025 01/27/25 | Price Changed | $2,900 | -3.3% | $4 / Sq Ft |
| 01/03/2025 01/03/25 | Price Changed | $3,000 | -3.2% | $4 / Sq Ft |
| 12/11/2024 12/11/24 | For Rent | $3,100 | 0.0% | -- |
| 11/27/2024 11/27/24 | Sold | $300,000 | -8.8% | $395 / Sq Ft |
| 11/15/2024 11/15/24 | Pending | -- | -- | -- |
| 10/17/2024 10/17/24 | For Sale | $329,000 | +24.2% | $433 / Sq Ft |
| 08/09/2024 08/09/24 | Sold | $265,000 | -7.0% | $349 / Sq Ft |
| 07/14/2024 07/14/24 | Price Changed | $285,000 | -14.9% | $375 / Sq Ft |
| 04/09/2024 04/09/24 | For Sale | $335,000 | 0.0% | $441 / Sq Ft |
| 05/01/2019 05/01/19 | Rented | $1,700 | 0.0% | -- |
| 04/17/2019 04/17/19 | Under Contract | -- | -- | -- |
| 04/08/2019 04/08/19 | For Rent | $1,700 | 0.0% | -- |
| 01/01/2018 01/01/18 | Rented | $1,700 | 0.0% | -- |
| 12/27/2017 12/27/17 | Under Contract | -- | -- | -- |
| 12/11/2017 12/11/17 | Price Changed | $1,700 | -5.6% | $2 / Sq Ft |
| 11/07/2017 11/07/17 | Price Changed | $1,800 | -5.3% | $2 / Sq Ft |
| 09/27/2017 09/27/17 | For Rent | $1,900 | 0.0% | -- |
| 10/15/2014 10/15/14 | Rented | $1,900 | -5.0% | -- |
| 09/15/2014 09/15/14 | Under Contract | -- | -- | -- |
| 09/03/2014 09/03/14 | For Rent | $2,000 | +11.1% | -- |
| 10/04/2013 10/04/13 | Rented | $1,800 | -5.3% | -- |
| 09/04/2013 09/04/13 | Under Contract | -- | -- | -- |
| 08/19/2013 08/19/13 | For Rent | $1,900 | +18.8% | -- |
| 09/01/2012 09/01/12 | Rented | $1,600 | 0.0% | -- |
| 08/02/2012 08/02/12 | Under Contract | -- | -- | -- |
| 06/27/2012 06/27/12 | For Rent | $1,600 | -- | -- |
Source: MIAMI REALTORS® MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $4,767 | $270,507 | -- | -- |
| 2023 | $4,767 | $245,916 | $0 | $0 |
| 2022 | $4,201 | $223,560 | $0 | $0 |
| 2021 | $3,997 | $207,000 | $0 | $0 |
| 2020 | $4,007 | $207,000 | $0 | $0 |
| 2019 | $3,798 | $196,000 | $0 | $0 |
| 2018 | $3,955 | $210,310 | $0 | $0 |
| 2017 | $4,005 | $210,310 | $0 | $0 |
| 2016 | $3,892 | $194,387 | $0 | $0 |
| 2015 | $3,757 | $176,716 | $0 | $0 |
| 2014 | $3,380 | $160,651 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Riolama Plessett
Seller's Agent in 2025
Riolama Plessett
London Foster Realty
(786) 306-5817
2 in this area
29 Total Sales
-
Laura Franco Castano
Buyer's Agent in 2025
Laura Franco Castano
Avanti Way Brickell
(407) 686-2013
1 in this area
3 Total Sales
-
Ari Schickman
A
Seller's Agent in 2024
Ari Schickman
Coldwell Banker Realty
(561) 384-7503
3 in this area
11 Total Sales
-
JR Kaiser
J
Seller's Agent in 2019
JR Kaiser
Streamline Properties, Inc.
(305) 904-1576
1 in this area
2 Total Sales
-
Riley Smith
Buyer's Agent in 2019
Riley Smith
Compass Florida, LLC
(786) 550-6054
7 in this area
757 Total Sales
-
A
Buyer's Agent in 2018
Alejandra Salcedo
MMLS Assoc.-Inactive Member
Map
Source: MIAMI REALTORS® MLS
MLS Number: A11564616
APN: 02-4203-246-0180
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