Penn Plaza
Condos for Sale in Miami Beach, FL

Penn Plaza Condo market snapshot (as of September 20, 2026): the median sale price is about $238K ($353 per sq ft over the trailing 12 months of closed sales), and a median 150 days on market for closed sales.

In ZIP 33139 (Miami Beach), 697 homes closed in the last 12 months at a median of $800K ($765/sq ft), up 2.1% year over year, with a median 95 days on market. Right now 495 active and 79 pending listings — a buyer's market. See the live ZIP 33139 housing market and the Miami-Dade County market.

MIAMI REALTORS sales records identify 13 homes in PENN PLAZA Condo that have changed hands since 2013, built between 1925 and 1976 (median 1925), with a median living area of about 580 sq ft and a typical 1-bedroom, 1-bath layout; 100% are condominiums. Source: MIAMI REALTORS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

Penn Plaza Condo is trading at a median of $237,500 on a small closings sample, with pricing running higher per square foot than the median suggests once unit size is factored in — a market defined more by unit-by-unit variation than by a single consistent price point.

With only 5 closings in the current window, Penn Plaza doesn't offer the kind of deep comp set that larger condo markets do. That cuts both ways: a seller can't lean on a thick recent-sales history to justify a number, and a buyer can't assume the median is a stable benchmark. Each unit here needs to be underwritten largely on its own condition, floor, and layout rather than on a broad market trend.

The median days-on-market of 150 is the clearest signal in the file. That's a slow-moving building relative to what a healthy resale market looks like, and combined with a -17.5% year-over-year price move, it suggests demand has softened from where it was. That doesn't mean the building is unsellable — it means pricing has to be realistic from day one, and buyers willing to be patient through a longer negotiation and closing window are in a stronger position than they might be elsewhere.

In a market this thin on data, the difference between a good outcome and a mediocre one comes down to how carefully each comp is read. We treat every one of the handful of recent Penn Plaza closings as its own case study — unit size, condition, and true days-on-market — rather than leaning on a median that a single sale could move. That level of scrutiny is what pricing and negotiating correctly in a low-volume building requires.

Listings in this community report association dues of about $671 per month ($8,052 a year) — the median AssociationFee across 15 MLS records, normalised to a monthly figure; most are billed monthly. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-09.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.