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Condominium
$255,000$572 / sqft
1526 Pennsylvania Ave # 15, Miami Beach FL 33139
Listed
1
Bedrooms
1
Bathrooms
446 sqft
Interior
1938
Year built
$661 / mo
HOA
Condominium
Type
About this home
NEW LISTING .Opportunity in the heart of South Beach! This beautifully renovated and spacious apartment is the perfect choice for investors, first-time buyers, or anyone looking for the ultimate Miami Beach lifestyle. Ideally located just 2 blocks from Lincoln Road and only 3 blocks from the beach, you are steps away from world-class restaurants, cafés, shopping, nightlife, and everything that makes South Beach one of the most desirable destinations in the world. The unit has been fully renovated and offers a bright, open layout filled with natural light. The generous living space provides comfort and flexibility, making it ideal for both living and entertaining. The modern renovated bathroom, new air conditioning, contemporary interior lighting, and brand-new washer and dryer inside the unit add convenience and value rarely found in this area. Located in a quiet and well-situated building, this property offers the perfect balance between peaceful living and immediate access to the vibrant South Beach lifestyle. This is a fantastic investment opportunity in a high-demand location where renovated and spacious units close to Lincoln Road and the ocean are rarely available at this value. Also perfect as a primary residence, vacation home, or long-term rental. Prime location + renovated unit + unbeatable value. Opportunities like this move fast in South Beach. Easy to show. Don’t miss the chance to own in one of Miami Beach’s most iconic neighborhoods.
Features
- Second Floor Entry
- Walk-In Closet(s)
- Other
- Other View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- Ok To Lease
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 1-bed rentals in Miami Beach, from 200 active listings; the middle half ask $2,350–$4,500.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.