7 photos
949 Pennsylvania Ave #407
Miami Beach, FL 33139
Listing courtesy of MathHouse LLC. Contact: 305-735-1131.
Let's be honest—this isn't a luxury condo, and we're not pretending it is. Built in 1966, this one-bedroom Miami Beach condo has character, a few wrinkles, and room for improvement. The bathroom could use a makeover, and impact windows and doors would be a smart upgrade. But here's what you don't need to renovate: the location. Tucked into a small Art Deco-style building in the heart of South Beach, you're surrounded by everything that makes Miami Beach worth living in. Walk to the beach, restaurants, coffee shops, grocery stores, parks, and nightlife. Leave the car behind and actually enjoy the neighborhood. The real selling points? An approachable price, low HOA fees, and no looming special assessment. In a market where condo ownership can come with some expensive surprises, those details matter. This isn't a glossy investor flip with gray floors and an inflated price tag. It's an opportunity for someone who wants to own a piece of South Beach, make it their own over time, and spend their money on living rather than keeping up appearances. Not perfect. Not pretending. Just a solid little South Beach condo with a lot going for it.
- Principal and interest
- $1,411
- Property tax
- $367
- Homeowners insurance
- $175
- HOA
- $555
An estimate, not a loan offer. The rate and insurance are assumptions to edit with your own quotes; Florida insurance varies widely by age, construction and distance to the coast. Flood insurance and PMI are not included.
Estimate: the price times the Miami-Dade County average total millage (18.49 mills, Florida Department of Revenue, 2025 average total millage by county), less the homestead exemptions. The actual bill depends on the city, the assessed value and special assessments. Save Our Homes then caps annual assessment increases at 3% or inflation, whichever is lower.
The full yearly cost of owning this home: property tax levy by levy from the published millage of the parcel’s taxing district (a mailing city is not always inside its city limits), the Save Our Homes cap, HOA and the insurance quotes to get.
Sources: FEMA National Flood Hazard Layer and the Florida Division of Emergency Management evacuation zones, looked up at the listing point. Confirm with an elevation certificate and your insurer.
Penn 10 Manor Condo was built in 1966, according to the county property appraiser.
If it has three or more habitable stories, Florida law (s. 553.899, F.S.) requires a milestone structural inspection by December 31 of the year it reaches 30 years of age, then every 10 years; for a building of this age the first one was due by December 31, 2024. A local building official may require it at 25 years near salt water.
Condominium buildings of three or more stories also need a structural integrity reserve study (s. 718.112(2)(g), F.S.) at least every 10 years; associations formed on or before July 1, 2022 had to complete one by December 31, 2025.
Dates follow from the statutes and the year the county appraiser lists for the building, not from the association's records. Ask the association for its milestone inspection report, its most recent structural integrity reserve study and any approved or proposed special assessments, and review them before you buy.
Listing data provided by the Southeast Florida Multiple Listing Service (MIAMI REALTORS®). The data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by the MLS. Atlantic Luxury Advisors is a real estate team at Keller Williams Realty Services. Payment, tax and flood figures on this page are estimates by Atlantic Luxury Advisors, not MLS data.