1881 Washington Ave #5H, Miami Beach, FL 33139

Miami Beach
Local realty services provided by:Better Homes and Gardens Real Estate Florida 1st
1881 Washington Ave #5H,Miami Beach, FL 33139
$879,500
Virtual Tour
  • 3 Beds
  • 2 Baths
  • 1,230 sq. ft.
  • Condominium
  • Active
Listed by: michelle beatty
Office: luxe properties305-809-7650
MLS#:A11944737
Source:SEFMLS

Price summary

  • Price:$879,500
  • Price per sq. ft.:$715.04
  • Monthly HOA dues:$1,600

About this home

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...

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Home facts

  • Year built:1966
  • Subdivision & Development:OCTAGON TOWERS I CONDO
  • Listing ID #:A11944737
  • Updated:September 29, 2026 at 10:07 AM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:2
  • Flooring:Tile
  • Kitchen Description:Dishwasher, Electric Range, Ice Maker, Microwave, Refrigerator
  • Bedroom Description:Split Bedroom, Walk-In Closets
  • Living area:1,230 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Year built:1966
  • Building area:1,230 sq. ft.
  • Architectural Style:High Rise
  • Construction Materials:Block

Schools

  • High school:Miami Beach
  • Middle school:Nautilus

Finances and disclosures

  • Price:$879,500
  • Price per sq. ft.:$715.04
  • Tax amount:$7,858 (2025)

Features and amenities

  • Appliances:Dishwasher, Dryer, Electric Range, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Washer
  • Laundry features:Dryer, Dryer Hookup, Washer, Washer Hookup
  • Amenities:Closet Cabinetry, Door Man, Elevators, Fire Sprinkler System, Fitness Center, Impact Glass Windows, Lobby Secured, Phone Entry, Smoke Detectors, Trash
  • Pool features:Association, Pool

Parking

  • Parking description:One Space
  • Garage:Yes
  • Garage spaces:1
Information deemed reliable but not guaranteed. Information is provided, in part, by Greater Miami MLS. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.

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