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Condominium
$295,000$431 / sqft
1420 Pennsylvania Ave # 403, Miami Beach FL 33139
Listed
1
Bedrooms
1
Bathrooms
685 sqft
Interior
1965
Year built
$768 / mo
HOA
Condominium
Type
About this home
Rarely available TOP-FLOOR CORNER PENTHOUSE in the heart of South Beach. Residence 403 at 1420 Pennsylvania is an absolute cut above; brilliantly illuminated by natural light from windows on three sides and offering the privacy and serenity only a coveted top-floor corner position can deliver. Impact windows and doors throughout, central A/C, a beautiful private balcony and a stylish bathroom wrapped in floor-to-ceiling tile lend an air of contemporary vibrancy. The exceptionally charming boutique building features secured fob entry, an elegant lobby, whimsical courtyard, assigned gated and covered garage parking, bike storage, common laundry and a pet-friendly atmosphere. The location is phenomenal - 1 block from Española Way, 2 blocks from Flamingo Park, 3 blocks from Lincoln Road and just 4 blocks from the ocean, placing the very best of South Beach at your fingertips while remaining perfectly set back from the action. Professionally managed with striking curb appeal, a brand-new roof, full reserves and completed SIRS. A rare combination of Penthouse privacy, abundant natural light, incredible charm, assigned parking and extraordinary walkability. Call today for a private showing.
Features
- Lobby
- Built-in Features
- Closet Cabinetry
- Walk-In Closet(s)
- Courtyard
- Garden View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
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 $2,300–$3,800.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.