Penn Eleven Co-Op
Homes for Sale in Miami Beach, FL
True comps, carrying-cost math, and listings before the portals.
Photo via MIAMI MLS
As of September 2026, Penn Eleven Co-Op in Miami Beach, FL has 1 home for sale. Over the 12 months ending 2026-09-12, 3 recorded sales closed at a median of $165,000, $395 per square foot, a median 25 days on market, sellers accepting 94% of original asking (+19% versus the prior year). At the median price and Miami-Dade County's FY2025-26 rate of 17.59 mills, annual property tax runs about $2,900 ($2,190 with the full homestead exemption).
PENN ELEVEN CO-OP trades at a median of $144,500, with price per square foot running at $348.68 — a combination that tells you units here are compact. The co-op structure itself is the other variable buyers need to factor in: ownership and financing here work differently than a standard condo or single-family purchase, and that shapes both the buyer pool and how quickly a contract can close.
With only four closings in the current window, this is a thin dataset — read the median as directional, not a settled price curve. A median 19 days on market suggests listings that are priced correctly move fast, but with so few transactions, one unusual sale can swing the numbers materially in either direction.
Penn Eleven Co-Op right now
🟢 Still climbing. The trailing-12-month median ($165K) is up 18.7% from the prior 12 months ($139K). With about 2 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level MIAMI MLS closed sales, 12-month windows ending September 12. Confidence: Low (3 and 3 sales in the two windows).
What's unique here: the median sale price is about 70% below the typical Miami-Dade County sale ($165K vs $555K, trailing 12 months, MIAMI MLS records).
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Updated September 12, 2026 · Live data: MIAMI MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Penn Eleven Co-Op market snapshot (as of September 12, 2026): the median sale price is about $165K ($395 per sq ft over the trailing 12 months of closed sales), and a median 25 days on market for closed sales. The trailing-12-month median is up 19% from the prior 12 months, computed from record-level MIAMI MLS closed sales (3 closings in the current window).
PENN ELEVEN CO-OP is a cooperative ownership building in Miami-Dade County, a structure that carries its own approval and financing process distinct from condo or fee-simple purchases in the surrounding market.
Who Penn Eleven Co-Op is best for.
Best for
- A buyer seeking a lower-priced entry point who is comfortable navigating co-op approval and financing steps.
- Someone prioritizing a compact unit and location over building amenities.
- A buyer or seller who wants a quick, well-priced transaction and is prepared for a thin comparable-sales environment.
Probably not for
- A buyer who wants the more standard financing and title process of a condo or fee-simple home.
- Someone who expects on-site amenities like a pool, gym, or clubhouse.
- A buyer relying heavily on recent comparable sales data to guide an offer, given how few transactions the market has seen.
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 12 of each year, from record-level MIAMI MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($165K) IS the median in the snapshot above, and the move from 2025 ($139K) IS the +18.7% one-year change.
Windows contain 0 to 3 sales each (3 in the current window); every figure carries its sample size, and thin markets swing on single closings. Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS(R) for the period 2018 through 2026. Deemed reliable but not guaranteed.
The real cost & risk here
Before the list price, the Florida math the portals skip. These are Miami-Dade County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.
Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Miami-Dade County scorecard.
County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.
PENN ELEVEN CO-OP Market Scorecard
PENN ELEVEN CO-OP is currently a thin data market. Limited supply, a median asking price of $185,000.
Typical home value in the 33139 ZIP is $471,014, about 48.9% above the Florida norm (Zillow Home Value Index).
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: realMLS, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.
Homes For Sale Right Now in Penn Eleven Co-Op
Live MLS inventory for Penn Eleven Co-Op. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active and pending Penn Eleven Co-Op listings as of 2026-09-12, priced high to low. Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS(R) for the period 2018 through 2026. Tap any home to ask about it.
The Penn Eleven Co-Op buying strategy.
If we were buying in Penn Eleven Co-Op today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Penn Eleven Co-Op.
What the numbers can — and can't — tell you
A median price of $144,500 and a per-square-foot figure of $348.68 point to a small-footprint building where unit size, not upgrades or amenities, likely drives most of the price variation between listings. No community amenities are identified in current MLS listings, which means whatever draws a buyer here is probably the unit and the location itself, not a shared pool or fitness room.
The median 19-day time on market is a useful signal on its own, but stacked against a closings window of just four sales, it's not enough to call a trend. Buyers and sellers here should treat every comparable sale as an individual case rather than assume the building moves in a predictable pattern.
The location and the amenities are priced into every listing in Penn Eleven Co-Op. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
Co-op transactions carry procedural steps — board approval, financing restrictions, bylaws — that don't show up in a standard MLS listing. We walk buyers and sellers through what's specific to this structure before they're deep into a contract, and with a market this thin on closings, we pull every available comparable rather than relying on a single data point.
Penn Eleven Co-Op in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Penn Eleven Co-Op buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Penn Eleven Co-Op sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Penn Eleven Co-Op, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Penn Eleven Co-Op home worth?
Get a no-obligation home value based on real comparable sales in Penn Eleven Co-Op, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Frequently Asked Questions
What is the median home price in Penn Eleven Co-Op?
How long do homes in Penn Eleven Co-Op take to sell?
Who is the best real estate agent for Penn Eleven Co-Op?
How do I find a top Miami Beach real estate agent who knows Penn Eleven Co-Op?
Can Momentum Realty connect me with an agent for Penn Eleven Co-Op?
Should you buy in Penn Eleven Co-Op?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near Penn Eleven Co-Op with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | MIAMI MLS, refreshed twice daily (last: September 12, 2026) |
| Community market stats | MIAMI MLS closed sales, 12-month windows ending September 12, 2026 |
| Under-contract shares | MIAMI MLS records, as of 2026-09-08 |
| Historical depth | Closed-sale records back to 2018 (17 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of MIAMI MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the MIAMI MLS member average and 8 days faster, and we’ll price yours against live local comps.
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See how PENN ELEVEN CO-OP fits the bigger picture — live prices, inventory, and Momentum Scores: