Condo in 1881 Washington Avenue 5H, Miami Beach, FL 33139 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 Avenue 5H, Miami Beach, FL 33139
- Price:
- $879,500.00
- 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
- Listing Category:
- Residential
- Property Type:
- Condominium
- Description of Last Important Update:
- Back On Market
- Last Major Update on:
- January 19, 2026 3:29 am
- Other Special Conditions:
- Sold As-is
- Bedrooms:
- 3
- Bathrooms Total:
- 2
- Full Bath:
- 2
- Master Bedroom Bath:
- Master Bdrm - Ground
- Living Area:
- 1,230 Sqft
- Built-Up Area:
- 1,230 Sqft
- View from the Property:
- Other, Skyline
- Waterfront:
- No
- Security:
- Smoke Detector(s), Fire Sprinkler System, Security System, Other, Fire Alarm, Lobby - Attended, Entry - Phone/intercom
- Appliances:
- Dryer, Dishwasher, Microwave, Refrigerator, Washer, Electric Range, Electric Water Heater, Ice Maker
- Interior:
- Walk-In Closet(s), Closet Cabinetry, Bedroom Layout - Split
- Exterior:
- Other
- Laundry:
- Washer Hookup, Dryer Hookup
- Doors:
- French Doors
- Air Conditioning
- Air Conditioning System:
- Central Air
- Heating
- Heating System:
- Central
- Unit Description:
- High Rise
- Year Built:
- 1966
- Levels:
- Two
- Construction Materials:
- Block
- Flooring:
- Tile
- Number of stories:
- 16
- Road Frontage Type:
- East of US-1
- Property Condition:
- Resale, Updated/remodeled
- Tax Annual Amount:
- $7,858.00
- Tax Year:
- 2025
- Association Fee:
- $1,600.00
- Association Fee Frequency:
- Monthly
- Property Tax Details:
- Tax Reflects No Exemptions
- Garage
- Garage Spaces:
- 1
- Covered Spaces:
- 1
- Association
- Special Assessment
- Application Required
- Application Fee:
- $150.00
- Application Information:
- 1-2 Weeks Approval
- Association Type:
- Condominium
- Pets Allowed?:
- Yes, Pet Restrictions Possible
- Lease Number Times per Year Allowed:
- 12
- Amenities Provided by the Homeowner's Association (HOA):
- Pool, Sauna, Trash Chute, Other, Fitness Center
- Subdivision Name:
- OCTAGON TOWERS I CONDO
- Association Fee Includes:
- Maintenance Grounds, Common Areas, Elevator, Pool Service
- Senior Community:
- No
- Leasing Permitted
- Leasing Permitted Details:
- Okay To Lease
- Listing Terms Considered by Seller:
- Cash, Conventional
- Buyer Possession:
- Close Of Escrow
- 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):
- 0232340941020
- Elementary School:
- Miami Beach Fienberg / Fisher K-8
- High School:
- Miami Beach
- Active on the market since:
- January 14, 2026
- Listing Agreement executed on:
- January 14, 2026
- Price change occurred on:
- January 14, 2026 5:44 pm
- Listing Status Last Changed On:
- January 19, 2026 3:29 am
- Photos updated on:
- April 13, 2026 11:16 pm
- Last Modified:
- July 7, 2026 12:04 am
- Courtesy of:
- Luxe Properties
- Attribution:
- Not provided
- Floor Number:
- 15
- Street Name:
- Washington
- Street Number:
- 1881
- Unit Number:
- 5H
- City:
- Miami Beach
- State:
- Florida
- Zip Code:
- 33139
- County:
- Miami-Dade
- Latitude:
- N25° 47' 40.8''
- Longitude:
- W81° 52' 6.2''
- Street Suffix:
- Avenue
Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Air Quality
Source: AirNow.gov · Miami
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