Penn Eleven Co Op Homes for Sale

Penn Eleven Co Op is a residential community in Miami Beach, Florida.

Pure Equity Realty covers Penn Eleven Co Op and the Miami Beach area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows a single listing for Penn Eleven Co Op Miami Beach homes for sale as of September 2026. The median asking price is $185,000.

That is 72% below the Miami Beach median of $650,000. On a per-foot basis, homes here ask about $487 per square foot, compared with $689 across Miami Beach. So the median price buys roughly 400 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 84 days on the market. That is faster than the Miami Beach average of 168 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Penn Eleven Co Op date from 1962, so they are about 64 years old.

All of these homes predate Florida's 2002 statewide building code. So roof age, window protection and the wind mitigation report matter a great deal for insurance.

In addition, most Florida insurers ask for a four-point inspection on homes 30 years or older. It covers the roof, electrical, plumbing and HVAC. Updated systems usually make coverage easier to place.

Condo buyers should also know Florida's 2022 condo safety law. It requires milestone structural inspections for buildings three stories or taller as they age. It also requires a structural integrity reserve study. Before you sign, request both reports and the current reserve balance.

Penn Eleven Co Op is a condo building. Also request the association budget, recent minutes and any special assessments before you sign.

Rentals in Penn Eleven Co Op have a median asking rent of $1,700 per month, across 3 active rental listings. For comparison, the Miami Beach median is $3,200, so rents here run 47% lower.

You can browse current Miami Beach rentals or ask us for a rent estimate on a specific Penn Eleven Co Op home.

Here is what the median Penn Eleven Co Op price means in Florida closing terms. At $185,000, a 20% down payment comes to about $37,000, leaving a loan near $148,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $518. Next, the intangible tax of 0.2% adds about $296. Buyers normally pay both at closing.

On the seller side, Miami-Dade charges deed stamps of 60 cents per $100 on a single-family home, about $1,110 at this price. Condos and other property types pay a higher rate.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.