HOA Info
Penn Plaza is a historic condominium community located in the vibrant South Beach neighborhood of Miami Beach, Florida (ZIP 33139). Built in 1925, this Art Deco-style building at 1027 Pennsylvania Avenue (with associated addresses like 1530 Pennsylvania Ave) consists of a small number of units offering a mix of 1- and 2-bedroom residences. As a condominium association rather than a large master-planned HOA, Penn Plaza emphasizes maintenance of the common elements in this classic South Florida property. The community reflects the eclectic charm of Miami Beach with its proximity to beaches, nightlife, and cultural attractions.
HOA Fees and Financial Obligations
Monthly HOA fees for units in Penn Plaza Condo vary significantly depending on unit size, location, and specific assessments, typically ranging from approximately $266 to $742 per month based on recent real estate listings. These fees generally cover maintenance of common areas, building insurance, hot water in some cases, and structural upkeep. Owners should anticipate additional costs for property taxes (often $3,000–$5,500 annually), utilities, and potential special assessments for building improvements. Florida law requires associations to maintain reserve funds for major repairs.
Rules and Regulations
As a condominium, Penn Plaza follows Florida Statutes Chapter 718. Rules typically include restrictions on pets, short-term rentals (common in South Beach), exterior modifications, and noise levels to preserve the peaceful residential character. Prospective buyers must review the declaration of condominium, bylaws, and house rules through the association or via estoppel letters. Compliance with Art Deco historic district guidelines may apply.
Community Amenities and Lifestyle
Amenities appear limited given the building's age and size; listings often note "Other" or basic common elements. Residents enjoy the prime South Beach location with easy access to the ocean, Lincoln Road, and Ocean Drive. Lifestyle focuses on urban convenience rather than resort-style on-site facilities.
Notable Aspects
Penn Plaza stands out for its historic 1925 architecture and central location in one of Miami's most dynamic areas. The association is registered as PENN PLAZA CONDOMINIUM ASSOCIATION, INC. with the Florida Division of Corporations.
Management Company: Miami Quality Management (MQM) Phone: (786) 228-9179 Email: Details not publicly available Website: Details not publicly available Address: 1970 Washington Ave, Ste 207, Miami Beach, FL 33139
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