4 months on rocket

1200 Pennsylvania Ave, Miami Beach, FL, 33139

$4,500,000

0 Baths
8,052 SqFt
$559/SqFt
Multi

Location

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Property Highlights

Home TypeMulti Family
Year Built1938
HeatingElectric
CoolingCeiling Fan(s), Wall/Window Unit(s)
MLS #A11631806
StatusActive

About 1200 Pennsylvania Ave

The Edroy Apartments consists of 8,052 rentable square feet built on a 7,000 square foot lot. The property was constructed in 1938 and contains a total of 13 units, consisting of two 2 bedroom/2- bathroom units; three 2 bedroom/1-bathroom units; five 1 bedroom/1-bathroom units; and three large studio units. The property is priced at $4,500,000, which breaks down to $346,154 per unit and $558 a square foot. The building has been recently recertified and all units updated with brand new bathrooms and kitchens. The exterior features new impact windows, new awnings, plaster & paint, new gates.

Property Details

Property Features

Property Information:

  • Year Built: 1938
  • Stories: 2
  • Living Area: 8,052 SqFt

Listing Office:

  • Office Name: Corte Real Estate Group LLC
  • Office Phone: (305) 534-6679
  • Listing Agent: Ugo Cortesano

Interior Features

Interior Information:

  • Flooring Type: Other

Virtual/3D Tour

  • Virtual Tour: 1200 Pennsylvania Ave
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Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Ceiling Fan(s), Wall/Window Unit(s)

Price Information

Listing Price Info

Price Summary:

  • List Price: $4,500,000
  • Price Per SqFt: $559/SqFt

HOA Fees:

  • Amount: $0
  • Frequency: Annually

Tax Information:

  • Annual Amount: $38,603
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Miami Beach, FL.

Med. Sold Price

$617.5K

Med. Price/SqFt

$605

Avg. Days On Market

97

# of Sold Homes

73

1200 Pennsylvania Ave vs Miami Beach

141 DAYS ON ROCKET

+44 Days

$4,500,000

+$3.8M More

$559/SqFt

-$46 Less

KEY TAKEAWAY

This property is $3.8M more than the Median Sold Price and $46/SqFt less than other homes in Miami Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11631806

Listing Office:

  • Office Name: Corte Real Estate Group LLC
  • Office Phone: (305) 534-6679
  • Listing Agent: Ugo Cortesano

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 8:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$38,603$1,994,000
2018$41,651$2,215,000
2017$44,941$2,360,000

History based on county public records data.

Payment Calculator

$22.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$13.5K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4455822
5
/10
  • Fienberg/Fisher K-8 Center

  • 1420 Washington Ave

  • 0.24 miles

  • Public District Grades PK-5

school-card-donut-4455823
6
/10
  • South Pointe Elementary School

  • 1050 4th St

  • 0.74 miles

  • Public District Grades PK-5

school-card-donut-4455824
8
/10
  • North Beach Elementary School

  • 4100 Prairie Ave

  • 2.16 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $38,197. Most Miami Beach, FL residents have annual incomes less than $35k. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

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Rocket HomesFloridaMiami-Dade CountyMiami Beach331391200 Pennsylvania Ave

This home is located at 1200 Pennsylvania Ave in Miami Beach, FL and zip code 33139 in the Flamingo / Lummus neighborhood. This 8,052 square foot home was built in 1938. It has been listed on Rocket Homes since July 30, 2024 and is currently priced at $4,500,000.

Over 2 listings were sold over their listed price in November 2024 in Miami Beach, FL. In the same period over 65 listings were sold below the listed price and 6 listings were sold for the listed price. The inventory of homes for sale in Miami Beach, FL between October 2024 and November 2024 increased by 14.3%. The median list price of listings available in November 2024 was $617,500, while the average time on the real estate market was 97 days.

From Rocket Homes Real Estate and based on county public records data.

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