3 months on rocket

1600 Pennsylvania Ave, Miami Beach, FL, 33139

$6,000,000

0 Baths
439 SqFt
$13,667/SqFt
Multi

Location

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Property Highlights

Home TypeDuplex
Year Built1953
HeatingWall Furnace
CoolingWall/Window Unit(s)
MLS #A11632171
StatusActive

About 1600 Pennsylvania Ave

The White House Apartments at Lincoln Road, a 19-unit multifamily building property in the heart of South Beach. The property is located adjacent to the famous Lincoln Road, a highly desirable location for renters on South Beach. Furthermore, the property is within walking distance to all of South Beach’s attractions including Ocean Drive, Collins, Washington Avenue and Flamingo Park. The building has a total of 19 units, of which 18 units are large studios of an average size of 438 square feet, and one unit is a two-bedroom, two-bathroom apartment of 866 square feet. The 19 units are in line with South Beach’s typical standards, which historically have been running close to 100% occupancy rates. In-place effective rents at the property average $4.25 per square foot.

Property Details

Property Features

Property Information:

  • Year Built: 1953
  • Stories: 2
  • Living Area: 439 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: Tile

Virtual/3D Tour

  • Virtual Tour: 1600 Pennsylvania Ave
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Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: Wall/Window Unit(s)

Price Information

Listing Price Info

Price Summary:

  • List Price: $6,000,000
  • Price Per SqFt: $13,667/SqFt

HOA Fees:

  • Amount: $0
  • Frequency: Monthly
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Housing Market Comparison

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

Med. Sold Price

$604.5K

Med. Price/SqFt

$600

Avg. Days On Market

101

# of Sold Homes

92

1600 Pennsylvania Ave vs Miami Beach

107 DAYS ON ROCKET

+6 Days

$6,000,000

+$5.3M More

$13,667/SqFt

+$13K More

KEY TAKEAWAY

This property is $5.3M more than the Median Sold Price and $13K/SqFt more 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: #A11632171

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: 11/14/2024, 11:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$30K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$18K

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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-352589
5
/10
  • Fienberg/Fisher K-8 Center

  • 1420 Washington Ave

  • 0.27 miles

  • Public District Grades PK-5

school-card-donut-352590
6
/10
  • South Pointe Elementary School

  • 1050 4th St

  • 1.15 miles

  • Public District Grades PK-5

school-card-donut-352591
8
/10
  • North Beach Elementary School

  • 4100 Prairie Ave

  • 1.73 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $38,894. The most common annual income of people living in Miami Beach, FL is less than $35k. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

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Rocket HomesFloridaMiami-Dade CountyMiami Beach331391600 Pennsylvania Ave

This home is located at 1600 Pennsylvania Ave in Miami Beach, FL and zip code 33139 in the Flamingo / Lummus neighborhood. This 439 square foot home was built in 1953. It has been listed on Rocket Homes since July 30, 2024 and is currently priced at $6,000,000.

In October 2024 more than 6 listings in Miami Beach, FL were sold above the asking price. During the same period more than 9 listings were sold at asking price, while more than 77 were sold below. Between September 2024 and October 2024, Miami Beach, FL real estate market has seen increase in the number of listings by 15.1%. While the average time on the market in October 2024 was 101 days, the median list price was $604,583.

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

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