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USAFLMiami BeachOctagon Towers I CondoApt-5H-1881 Washington Ave
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apt-5h-1881 Washington Ave, Miami Beach, FL

Condo

For Sale

Listed price in listed location currency (USD).
$879,500

320

MLS® A11944737

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Condominium
Levels Residential
Size 1230 sqft
Garage Yes
Maintenance Fees $1,600
Taxes $7,858
Days Active 12
Approx. Age 1966
Avg. Price Per Sqft $715
MLS® Number A11944737

Property Address: apt-5h-1881 Washington Ave, Miami Beach, FL, 33139-7445

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® NumberA11944737
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelWasher/Dryer Hook-Up
Exposure
Exterior
GarageYes
Approx. Age1966
Stories16
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Rooms

Change to metres

Other:Not available

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Jan 14, 2026List Date
$879,500List Price

Home Estimate Zoopraisal®

This property is estimated to sell between: $879,000 and $2,263,000.
Similar properties in this area sold on average for: $1,801,400
Expected to sell in 156 days. Similar properties sold in 168 days. This home has been on Zoocasa for 12 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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1881 Washington Ave, Miami Beach, FL

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