1526 Pennsylvania Ave 15, Miami Beach, FL 33139 — MLS photo

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1526 Pennsylvania Ave 15, Miami Beach, FL 33139

Active · Condominium

$220,000

1526 Pennsylvania Ave 15, Miami Beach, FL 33139

Beds
1
Baths
1
Living area
446 sq ft
$ / sq ft
$493/sq ft
Year built
1938
Lot size
—
HOA fee
$661 Monthly
Annual tax
$3,581

About this property

NEW LISTING .Opportunity in the heart of South Beach! This beautifully renovated and spacious apartment is the perfect choice for investors, first-time buyers, or anyone looking for the ultimate Miami Beach lifestyle. Ideally located just 2 blocks from Lincoln Road and only 3 blocks from the beach, you are steps away from world-class restaurants, cafés, shopping, nightlife, and everything that makes South Beach one of the most desirable destinations in the world. The unit has been fully renovated and offers a bright, open layout filled with natural light. The generous living space provides comfort and flexibility, making it ideal for both living and entertaining. The modern renovated bathroom, new air conditioning, contemporary interior lighting, and brand-new washer and dryer inside the unit add convenience and value rarely found in this area. Located in a quiet and well-situated building, this property offers the perfect balance between peaceful living and immediate access to the vibrant South Beach lifestyle. This is a fantastic investment opportunity in a high-demand location where renovated and spacious units close to Lincoln Road and the ocean are rarely available at this value. Also perfect as a primary residence, vacation home, or long-term rental. Prime location + renovated unit + unbeatable value. Opportunities like this move fast in South Beach. Easy to show. Don’t miss the chance to own in one of Miami Beach’s most iconic neighborhoods.

Property location

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1526 Pennsylvania Ave 15, Miami Beach, FL 33139

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Facts & features

Interior

Bedrooms
1
Bathrooms
1
Living area
446 sq ft
Flooring
Marble
Appliances
Dryer, Electric Water Heater, Microwave, Other, Refrigerator, Trash Compactor
Cooling
Central Air
Heating
Central
Interior features
Bedroom On Main Level, Breakfast Area, Second Floor Entry, Living Dining Room, Walk In Closets
Furnished
Furnished

Exterior & Structure

Property type
Condominium
Year built
1938
Stories
2
Architectural style
Other
Construction
CBSConcrete Block Structure, Block
Exterior features
Fence
View
Other

Parking

Garage spaces
0
Covered spaces
0
Parking features
On Street

HOA, Community & Financials

Association fee
$661 Monthly
Fee inclusions
Hvac, Hot Water, Maintenance Structure, Trash, Water
Amenities
Other
Security
Complex Fenced, Fire Alarm, Key Card Entry, Smoke Detectors
Pets allowed
Size Limit, Yes
Annual tax
$3,581
Subdivision
FIRST ON PENN CONDO
County
Miami-Dade
Days on market
198
MLS listing ID
A11981527
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$863

Cap rate
1.0%
Net yield
1.0%
Cash-on-cash return
-16.8%
Gross yield
7.7%
Mortgage payment
$1,043/mo
Down payment
$55,000
Loan amount
$165,000
Annual NOI
$2,153

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.