$4,000,000
Active
1d
$4,000,000
400 Pointe #1503/04
Miami Beach, FL 33139
3 bd2 ba3,073 sqft
South Pointe Towers Condo
$3,200,000259 days on marketActive
1329 Pennsylvania Avenue, Miami Beach, FL 33139
Miami Beach, FL 33139
0
Sq Ft
1936
Year Built
0.17 acres
Lot Size
Listing Snapshot
| List Price | $3,200,000 |
| Beds | 0 |
| Baths | 0 |
| Living Area | 0 sqft |
| Lot Size | 0.17 acres |
| Year Built | 1936 |
| Property Tax | $31,114/yr |
| MLS # | 1137632611 |
| Status | Active |
| Days on Market | 259 |
About This Home
1329 Pennsylvania Avenue (aka Shermon Court) is a 1936 Art Deco building masterfully designed by Henry Hohauser, one of South Beach's signature architects in the Deco era. This is a well-maintained 8-unit apartment building, each with spacious 1-bed/1-bath layouts. The building also has common laundry facilities as well as 5 off street parking spaces. All units are occupied by excellent long-term tenants on month-to-month leases at $1,700 ?— well below market. With renovations, rents can be repositioned to $2,300 - $2,500, offering strong upside potential. The property has passed its 40-year recertification and boasts a rich Miami Beach history, blending architectural character with modern stability. A rare investment opportunity with secure cash flow and significant value-add potential.
General Features
- Property Type
- CommercialSale
- Sub-type
- MultiFamily
- Stories
- 2
- Zoning
- 3900
Interior Features
Exterior Features
- Construction
- Stucco
- Roof
- BuiltUp
Community Features
- Community Features
- LaundryFacilities
- MLS Area
- 2320
Map
Virtual Tour
View Virtual TourListed by Ben Brissi · BHHS EWM Realty
MLS# 1137632611 · BEACH
Information deemed reliable but not guaranteed. © 2026 BEACH.
MLS# 1137632611 · BEACH
Information deemed reliable but not guaranteed. © 2026 BEACH.
Interested in this home?
Schedule a showing or ask a question — buyer representation is free.
Estimate Your Payment
$
20% down · Loan: $2,560,000
%
Est. Monthly$20,057
Principal & Interest$17,464
Property Tax$2,593
Estimate only. Does not include insurance or PMI. Rate is illustrative — contact us for current rates.
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