1 month 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
Garage4 spaces
Year Built1953
HeatingElectric
CoolingElectric
WaterfrontNone
ViewOther
MLS #RX-11036026
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: Lead Consulting Group LLC
  • Office Phone: (561) 664-8100
  • Listing Agent: Emel Onur

Interior Features

Interior Information:

  • Flooring Type: Ceramic Tile

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: None
  • View: Other
  • Exterior: None

Parking Information:

  • Garage Space: 4 spaces

Lot Features

Lot Information:

  • Lot: Corner Lot

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Electric

Other

Directions Information:

  • Directions: Pls use the navigator.

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

$617.5K

Med. Price/SqFt

$605

Avg. Days On Market

97

# of Sold Homes

73

1600 Pennsylvania Ave vs Miami Beach

36 DAYS ON ROCKET

-61 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 Number: #RX-11036026

Listing Office:

  • Office Name: Lead Consulting Group LLC
  • Office Phone: (561) 664-8100
  • Listing Agent: Emel Onur

IDXAll listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.

This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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, 8:20:53 AM 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-4462977
5
/10
  • Fienberg/Fisher K-8 Center

  • 1420 Washington Ave

  • 0.27 miles

  • Public District Grades PK-5

school-card-donut-4462978
6
/10
  • South Pointe Elementary School

  • 1050 4th St

  • 1.15 miles

  • Public District Grades PK-5

school-card-donut-4462979
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. Most Miami Beach, FL residents have annual incomes less than $35k. The most common type of family is 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 Homes›Florida›Miami-Dade County›Miami Beach›33139›1600 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 November 11, 2024 and is currently priced at $6,000,000.

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 number of listings in Miami Beach, FL increased by 14.3% between October 2024 and November 2024. While the average time on the market in November 2024 was 97 days, the median list price was $617,500.

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

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