Condo in 1881 Washington Ave 5H Miami Beach for sale with MLS# A11944737
Great second home located in front of the Miami Beach Convention Center, just two blocks to "Billionaires Beach" which sits at the heart of South Beach and walking distance to Lincoln Road which is undergoing a beautification project (see articles and links below). The unit is licensed for short term rental. Proforma gross revenue is estimated at $122K to $144K per annum (provided by two professional management firms) which translates to a 10% cap rate. Perfect for those looking to get away and clear their heads and experience a change in venue while maximizing their income. The unit features hurricane glass windows, gourmet kitchen, large master bedroom with a walking closet, modern spa style bathrooms, and may be purchased furnished. The Building's leadership is proactive and well managed. As such planned and budgeted its future projects and took the initiative to obtain a loan and have fully funded reserves. In addition, the building has set up the budget for the SIRS requirement and funding. Ongoing building projects near completion elevator replacement and fire system. Most notable completed projects pool upgrade, electronic tele-entry access, cameras, structural review and repairs. Some future projects include hallway flooring and lobby upgrade.
1881 Washington Ave 5H, Miami Beach, FL 33139
- Price:
- $879,500.00
- Previous Asking Price:
- $879,000.00
- Original List Price:
- $879,000.00
- More Listings Same Building:
- Octagon Towers I in 1881 Washington Ave Miami Beach
- Listing Type:
- For Sale
- Status:
- Active
- Special Sale Conditions:
- Listed As Is
- Listing Category:
- Residential
- Property Type:
- Condominium
- MLS Number:
- A11944737
- Description of Last Important Update:
- Back On Market
- Last Major Update on:
- January 18, 2026 9:29 pm
- Bedrooms:
- 3
- Bathrooms Total:
- 2
- Full Bath:
- 2
- Living Area:
- 1,230 Sqft
- Built-Up Area:
- 1,230 Sqft
- Lot Size Unit:
- Square Feet
- View from the Property:
- City, Other
- Waterfront:
- No
- Swimming Pool Features:
- Association
- Security:
- Smoke Detector(s), Fire Sprinkler System, Door Man, Lobby Secured, Phone Entry, Other, Door Man
- Appliances:
- Dryer, Dishwasher, Microwave, Refrigerator, Washer, Electric Range, Electric Water Heater, Ice Maker
- Interior:
- Split Bedrooms, Walk-In Closet(s), Closet Cabinetry, Bedroom On Main Level, French Doors Atrium Doors
- Exterior:
- Other
- Windows:
- Impact Glass, Impact glass, Impact Glass
- Laundry:
- Washer Hookup, Dryer Hookup
- Doors:
- French Doors
- Air Conditioning
- Air Conditioning System:
- Central Air
- Heating
- Heating System:
- Central
- Year Built:
- 1966
- Year Built Details:
- Resale
- Architectural Style:
- High Rise, High Rise
- Entry Level (floor):
- 15
- Entry Level Location:
- 15
- Construction Materials:
- Block
- Flooring:
- Tile
- Number of stories:
- 16
- Property Condition:
- Updated/remodeled
- Tax Annual Amount:
- $7,858.00
- Tax Year:
- 2025
- Association Fee:
- $1,600.00
- Association Fee Frequency:
- Monthly
- Property Tax Status:
- Tax Reflects No Exemptions
- Garage
- Garage Spaces:
- 1
- Covered Spaces:
- 1
- Parking Features:
- One Space
- Pets Allowed?:
- Yes, Conditional
- Amenities Provided by the Homeowner's Association (HOA):
- Pool, Sauna, Trash, Other, Elevator(s), Fitness Center
- Subdivision Name:
- OCTAGON TOWERS I CONDO
- Association Fee Includes:
- Maintenance Grounds, Common Areas, Pools
- Complex Name:
- Octagon Tower I Condo
- Senior Community:
- No
- Restrictions:
- Okay to Lease
- Disclosures:
- Special Assessment
- Listing Terms Considered by Seller:
- Cash, Conventional
- Occupant Type:
- Call Agent
- Buyer Possession:
- Close Of Escrow
- Lease Considered
- Tax Legal Description:
- OCTAGON TOWERS I CONDO UNIT 5H UNDIV 0.0117034 % INT IN COMMON ELEMENTS OFF REC 16618-3417 OR 21165-0315 0303 1
- Real Estate Folio Number (Parcel Number):
- 02-32-34-094-1020
- High School:
- Miami Beach
- Middle Or Junior School:
- Nautilus
- Originally published on:
- January 14, 2026 11:13 am
- Active on the market since:
- January 14, 2026
- Price change occurred on:
- January 14, 2026 11:44 am
- Listing Status Last Changed On:
- January 18, 2026 9:29 pm
- Photos updated on:
- January 16, 2026 12:50 am
- Last Modified:
- April 13, 2026 11:14 pm
- Unit View:
- Other View, Skyline View
- Housing Older Persons Act:
- No HOPA
- Unit Design:
- East Of Us1, High-Rise, Substantially Remodeled
- Type of Association:
- Condo
- Minimum Number of Days per Lease:
- 1-30
- Type of Governing Bodies of the Association:
- Condominium
- Pet Fee:
- $100.00
- Number of Times Leased per Year:
- 12
- Application Fee:
- $150.00
- Style:
- Condo 5+ Stories
- Municipal Code:
- 2
- Subdivision Number:
- 94
- Courtesy of:
- Luxe Properties
- Attribution:
- Not provided
- Street Name:
- Washington Ave
- Street Number:
- 1881
- Unit Number:
- 5H
- City:
- Miami Beach
- State:
- Florida
- Zip Code:
- 33139
- County:
- Miami-Dade
- Latitude:
- N25° 47' 40.6''
- Longitude:
- W81° 52' 6.2''
Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Air Quality
Source: AirNow.gov · Miami
Want to schedule an in-person or virtual tour? Have questions?
Want to schedule an in-person or virtual tour? Have questions?
Schedule a Tour or Ask a Question
Ver la propiedad 1881 Washington Ave 5H
