PENN PLAZA CONDO
Homes for Sale in Miami Beach, FL
True comps, carrying-cost math, and listings before the portals.
Photo via miami
Penn Plaza's numbers point to a small, thin market rather than a broad one — the current snapshot is built on just 5 closings, so any single sale can swing the median. The price-per-square-foot reading of $353.45 against a $237,500 median points to compact, lower-square-footage units rather than large-format condos, which is the main thing setting price here.
The year-over-year move of -17.5% and a median days-on-market of 150 tell a consistent story: this is a buyer's window right now, with sellers needing to price to the current pace rather than last year's comps. Anyone listing here should expect a longer marketing runway and price with that timeline in mind; buyers have room to negotiate on condition and timing rather than racing another offer.
PENN PLAZA CONDO right now
🔴 Off the recent peak. The trailing-12-month median ($238K) is down 17.5% from the prior 12 months ($288K). 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 closed sales, 12-month windows ending July 20. Confidence: Low (5 and 5 sales in the two windows).
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Updated July 20, 2026 · Live data: miami, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
PENN PLAZA CONDO market snapshot (as of July 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. The trailing-12-month median is down 18% from the prior 12 months, computed from record-level miami closed sales (5 closings in the current window).
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.
The setting & the homes.
Aerial and on-site photos of PENN PLAZA CONDO. Swipe to explore the community.
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PENN PLAZA CONDO
PENN PLAZA CONDO
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PENN PLAZA CONDOPhotos from miami listings in PENN PLAZA CONDO; content deemed reliable but not guaranteed.
Who PENN PLAZA CONDO is best for.
Best for
- A buyer targeting a smaller-footprint condo purchase and comfortable underwriting price per square foot unit by unit
- A buyer with flexible timing who can tolerate a longer-than-average marketing and negotiation window
- A value-focused buyer looking to enter at a below-prior-year price point in a low-volume building
Probably not for
- A buyer who wants a large, active comp set to benchmark price with confidence
- A seller expecting a quick sale at or above last year's pricing level
- A buyer prioritizing on-site building amenities, since none are currently identified in MLS listings
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending July 20 of each year, from record-level miami closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($238K) IS the median in the snapshot above, and the move from 2025 ($288K) IS the -17.5% one-year change.
Windows contain 0 to 5 sales each (5 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.
12% of homes for sale in ZIP 33139 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-08-18).
PENN PLAZA CONDO Market Scorecard
PENN PLAZA CONDO is currently a balanced market., and homes go under contract in about 134 days.
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: miami, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Homes For Sale Right Now in PENN PLAZA CONDO
Live MLS inventory for PENN PLAZA CONDO. 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 PLAZA CONDO listings as of 2026-08-17, 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 PLAZA CONDO buying strategy.
If we were buying in PENN PLAZA CONDO 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 PLAZA CONDO.
A market of few data points
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.
The location and the amenities are priced into every listing in PENN PLAZA CONDO. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
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.
PENN PLAZA CONDO in 15 seconds.
HOA, CDD & Fees
- Mandatory HOA — confirm current dues
- 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 PLAZA CONDO 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 PLAZA CONDO sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in PENN PLAZA CONDO, 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 PLAZA CONDO home worth?
Get a no-obligation home value based on real comparable sales in PENN PLAZA CONDO, 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 PLAZA CONDO?
How long do homes in PENN PLAZA CONDO take to sell?
Do cash buyers compete in PENN PLAZA CONDO?
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Should you buy in PENN PLAZA CONDO?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | miami closed sales, 12-month windows ending July 20, 2026 |
| Under-contract shares | miami records, as of 2026-07-18 |
| Historical depth | Closed-sale records back to 2018 (19 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 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 member average and 8 days faster, and we’ll price yours against live your area comps.
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