PENN TERRACE TOWERS CONDO
Homes for Sale in Miami Beach, FL

PENN TERRACE TOWERS CONDO market snapshot (as of July 20, 2026): the median sale price is about $249K ($339 per sq ft over the trailing 12 months of closed sales), and a median 64 days on market for closed sales. The trailing-12-month median is down 12% from the prior 12 months, computed from record-level miami closed sales (4 closings in the current window).

Penn Terrace Towers is a Miami-Dade condo community currently showing a small, low-volume resale market — useful context for reading its numbers with appropriate caution rather than treating any single closing as representative.

Four closings is not enough to establish a trend line with confidence — it is enough to say the market is moving, and moving down. The $249,000 median and $338.75 per-square-foot figure describe what has actually traded, but buyers should treat any specific unit's asking price on its own merits rather than assuming it will land near the median.

The 64-day median days-on-market figure, paired with an 11.7% year-over-year decline, suggests listings are sitting longer and closing softer than they did a year ago. No community amenities are identified from current MLS listings, so pricing here is likely being set almost entirely by unit condition, floor, and line rather than by shared building features — worth confirming directly with any listing agent before assuming what is or is not included.

In a low-volume market like this one, the comps that matter are often not the ones showing up in a quick search — with only a handful of closings to work from, we pull the actual unit-level detail (condition, line, recent sale terms) rather than leaning on a median that four transactions can swing significantly in either direction.

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