Penn Terrace Towers
Condos for Sale in Miami Beach, FL
All 1,701 homes for sale in Miami Beach, FL · median $550,000 · 1,671 condos for sale in Miami Beach · 951 homes for sale in 33139 · Miami-Dade County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via MIAMI MLS
As of November 2026, Penn Terrace Towers Condo in Miami Beach, FL has 1 home for sale. As of November 2026, the MLS records 1 closed sale in Penn Terrace Towers Condo in Miami Beach, FL, the most recent in July 2026. Across Miami Beach as a whole, 233 homes closed in the last 12 months at a median of $660,000, 96 median days on market, with 521 homes for sale today. At that median and Miami-Dade County's FY2025-26 rate of 17.59 mills, annual property tax runs about $11,610 ($10,900 with the full homestead exemption).
Last 30 days in Penn Terrace Towers: 1 new listing (median asking $349,000), 1 under contract right now. As of November 11, 2026, Listing information provided by the Southeast Florida MLS (SEFMLS) / MIAMI Association of REALTORS(R). Information is deemed reliable but not guaranteed by the MLS to be accurate.
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.
Figures in this note are as of July 22, 2026. The live market numbers elsewhere on this page update nightly and are newer.
The 60-Second Overview
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.
MIAMI REALTORS sales records identify 11 homes in PENN TERRACE TOWERS Condo that have changed hands since 2018, built between 1970 and 1970 (median 1970), with a median living area of about 720 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.
Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.
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
The market around Penn Terrace Towers Condo
Penn Terrace Towers Condo is too small for its own price trend, so here is the market around it.
In ZIP 33139, 950 homes are on the market and 11% are under contract — a slower corner of Miami Beach.
Across Miami-Dade County, 14,507 homes are active and 2,241 pending (13% under contract).
In ZIP 33139 (Miami Beach), 132 homes closed in the last 12 months at a median of $985K ($912/sq ft), with a median 84 days on market. Right now 240 active and 26 pending listings put supply at about 21.8 months — a soft market. See the live ZIP 33139 housing market and the Miami-Dade County market.
ZIP and county figures describe the wider market, not Penn Terrace Towers Condo specifically. Momentum Research analysis of MLS records.
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 2026-11-11, 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 2026 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.
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?
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Data sources & freshness
| Live listings | MIAMI MLS, refreshed twice daily (last: November 11, 2026) |
| Under-contract shares | MIAMI MLS records, as of 2026-11-10 |
| Historical depth | Closed-sale records back to 2026 (1 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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See how PENN TERRACE TOWERS CONDO fits the bigger picture — live prices, inventory, and Momentum Scores: