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1329 Pennsylvania Ave, Miami Beach, FL 33139
Offering:
For Sale
Location:
Miami Beach, FL 33139
Status:
Active
$3,200,000
Details
Year built:
1936
Lot size:
7,500 sq ft
Levels:
Two
Stories:
2
Days on market:
259
Annual tax (2024):
$31,114
Type:
Multi-family
MLS ID
A11888408
Virtual tour:
Listed by:
BHHS EWM Realty (EWM 04)
Listing office phone:
Listing office email:
Listing agent:
Ben Brissi (3288847)
Features
Description
1329 Pennsylvania Avenue (aka Shermon Court) is a 1936 Art Deco building masterfully designed by Henry Hohauser, one of South Beach's signature architects in the Deco era. This is a well-maintained 8-unit apartment building, each with spacious 1-bed/1-bath layouts. The building also has common laundry facilities as well as 5 off street parking spaces. All units are occupied by excellent long-term tenants on month-to-month leases at $1,700 ?— well below market. With renovations, rents can be repositioned to $2,300 - $2,500, offering strong upside potential. The property has passed its 40-year recertification and boasts a rich Miami Beach history, blending architectural character with modern stability. A rare investment opportunity with secure cash flow and significant value-add potential.
Price history
$3,200,000 → $3,200,000
· 1 price changes
Location
1329 Pennsylvania AveMiami Beach, FL 33139
MLS information
Last updated Jun 18, 2026
Deemed reliable but not guaranteed.
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