763 Pennsylvania Ave #103, Miami Beach, FL, 33139
About This Home
Offering this 270 sq. ft. Condo-Studio with no Rental Restrictions. A perfect vacation home, or income-producing property with approved nightly-rentals that can be self-managed. Optional Hotel Rental Program is available. HOA fee is $836 monthly, inclusive of all utilities, insurances and 24/7 front desk concierge services. Property is in the Royal South Beach Condo-Hotel. Main entrance at Pennsylvania Ave & 8th Street (west), facing Washington Ave (east side). Property built in 1936 with 42 residential units (4 1bed/1bath & 38 studios), and 4 ground-level commercial/retail spaces operating as a restaurant-bar and convenience store. Elevator to access 2nd and 3rd floors (residential units), and a private sundeck on second floor. This is a spectacular location, at the heart of South Beach's entertainment and hotel district within a short walk to publicly accessed beaches along renowned Ocean Drive. This offering is for Unit # 103, on the second floor, priced at $200,000. However, I am offering an additional 17 units as an 18-unit package deal for $3.6M. Additionally, I am offering the 4 commercial spaces on ground-level at an additional $2.8M. There is flexibility to purchase this single unit, a batch of several units, or the entire package comprised of 18 condo units and the 4 commercial spaces (all fully rented). The building passed its 40-Yr Recertification. The 50-Yr Recertification process is pending with the engineering report and cost estimate already in place.
Getting Around
Walker's Paradise
Good Transit
Very BikeableSchools
Construction
Condition
- Year built: 1936
Materials
- Construction materials: Concrete Block Construction
Type & Style
- Home type: Condo
- Property subType: Condominium
Interior
Appliances
- Appliances included: Electric Range,Microwave,Refrigerator
Bedrooms & Bathrooms
- Bathrooms: 1
- Full bathrooms: 1
Features
- Elevator
- Flooring: Ceramic Tile
Heating & Cooling
- Heating features: Window/Wall
- Cooling features: Wall/Window Unit(s)
Interior Area
- Total structure area: 270
- Total interior livable area: 270 sqft
Property
Accessibility
- Accessibility features: Accessible,Accessibly Equipped
Details
- Parcel number: 0242032700050
- Attached to another structure: Yes
Features
- Patio & porch: Deck
- Exterior features: None
- Has view: Yes
- View description: Other
Parking
- Parking features: None
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Coastal Flooding
- Heat Wave
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Miami-Dade County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $986 | $11,832 |
| Home Insurance * | $3 | $36 |
| Property Taxes | $131 | $1,572 |
| Electricity | $197 | $2,366 |
| Total | $1,317 | $15,804 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-10 | Price change | $195,000 |
| 2026-06-27 | Listed for sale | $200,000 |
| 2015-06-19 | Sold | $117,500 |
| 2006-05-11 | Sold | $115,000 |
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