Price: $3,200,000 | 5,760 s.f. | Beds | Baths
| Listing Price: | $3,200,000 |
| Price per Square Foot: | |
| Beds: | |
| Baths: | |
| Interior Space: | 0 s.f. (0.0 m²) |
| Total Size: | 5,760 s.f. (535.1 m²) |
| Monthly Maintenance Fee: | $0 |
| Taxes (2024): | $31,114 |
| Reference: | A11888408 |
| See this property on BHSUSA.com | |
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.
The MLS data provided for the property above (MLS#A11888408) is provided courtesy of BHHS EWM Realty. Source: Southeast Florida MLS. Data updated 10/8/2025. Information is deemed reliable but not guaranteed. Copyright © 2025. The listing data on this page comes in part from the Internet Data Exchange (IDX), a collaboration between the following REALTOR(R) associations in the South Florida Multiple Listing Service (MLS): Miami Realtor Association, Realtor Association of Greater Ft. Lauderdale and the South Broward Board of Realtors. All rights reserved. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is believed to be accurate, but is not warranted. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.
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