Penn Terrace Towers
Condos 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 Terrace Towers Condo in Miami Beach, FL has 1 home for sale. Over the 12 months ending 2026-09-12, 4 recorded sales closed at a median of $249,000, $339 per square foot, a median 64 days on market, sellers accepting 92% of original asking. At the median price and Miami-Dade County's FY2025-26 rate of 17.59 mills, annual property tax runs about $4,380 ($3,670 with the full homestead exemption).
Penn Terrace Towers is trading on a thin data set right now — just four closings inside the current window — so the median of $249,000 should be read as a directional marker, not a hard ceiling or floor. At $338.75 per square foot, pricing here still reflects unit condition and view/line more than any broad market trend, and with so few closings, one or two updated or unusually positioned units can swing the number in either direction.
The year-over-year figure is down 11.7%, and median days on market sits at 64 — both point to a market that has softened and slowed since last year. For a buyer, that combination argues for patience and firm inspection contingencies rather than urgency. For a seller, it means pricing has to be realistic from day one; overpricing into a 64-day median with negative year-over-year momentum tends to add time, not value.
The 60-Second Overview
Penn Terrace Towers Condo market snapshot (as of September 12, 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.
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.
Who Penn Terrace Towers Condo is best for.
Best for
- A buyer focused on value per square foot who is willing to evaluate individual units on condition rather than assume building-wide amenities
- A buyer with flexibility on timeline, given a median days-on-market figure running past two months
- A buyer or seller comfortable negotiating in a market that is currently down year-over-year
Probably not for
- A buyer expecting on-site amenities, since none are identified in current listings
- A buyer wanting a large comp set to validate pricing — only four closings are available in this window
- A seller expecting a quick sale at a premium, given the current downward year-over-year trend
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 ($249K) IS the median in the snapshot above.
Windows contain 0 to 8 sales each (4 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 TERRACE TOWERS CONDO Market Scorecard
PENN TERRACE TOWERS CONDO is currently a thin data market. Limited supply, a median asking price of $349,000, and homes go under contract in about 1 days.
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 Terrace Towers Condo
Live MLS inventory for Penn Terrace Towers 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 Terrace Towers Condo 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 Terrace Towers Condo buying strategy.
If we were buying in Penn Terrace Towers 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 Terrace Towers Condo.
A market with thin volume
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.
The location and the amenities are priced into every listing in Penn Terrace Towers Condo. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
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.
Penn Terrace Towers Condo 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 Terrace Towers 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 Terrace Towers 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 Terrace Towers 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 Terrace Towers Condo home worth?
Get a no-obligation home value based on real comparable sales in Penn Terrace Towers 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 Terrace Towers Condo?
How long do homes in Penn Terrace Towers Condo take to sell?
Who is the best real estate agent for Penn Terrace Towers Condo?
How do I find a top Miami Beach real estate agent who knows Penn Terrace Towers Condo?
Can Momentum Realty connect me with an agent for Penn Terrace Towers Condo?
Should you buy in Penn Terrace Towers Condo?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near Penn Terrace Towers Condo 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 (34 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.
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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 TERRACE TOWERS CONDO fits the bigger picture — live prices, inventory, and Momentum Scores: