1 / 301881 Washington Avenue 5h
Miami Beach, FL 33139
MLS # A11944737· Active IDX
$879,500
- Bedrooms
- 3
- Bathrooms
- 2
- Living area
- 1,230 sq ft
- Year built
- 1966
- Type
- Condominium
- Days on market
- 298
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 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.
Details
| MLS # | A11944737 |
|---|---|
| Status | Active |
| Subdivision | Octagon Towers I Condo |
| County | Miami-Dade |
| ZIP | 33139 |
| View | Other, Skyline |
| Waterfront | No |
| Garage spaces | 1 |
| Construction | Block |
| Flooring | Tile |
| Heating | Central |
| Cooling | Central Air |
| Appliances | Electric Water Heater, Dryer, Dishwasher, Electric Range, Ice Maker, Microwave, Refrigerator, Washer |
| Interior features | Walk-In Closet(s), Bedroom Layout - Split, Closet Cabinetry |
| Exterior features | Other |
| Pets | Yes, Pet Restrictions Possible |
| Association fee | $1,600 / monthly |
| Annual taxes | $7,858 |
Listing courtesy of Luxe Properties, Michelle Beatty. Last updated Oct 30, 2026, 3:49 PM ET.
Request a showing
Mention MLS # A11944737 (1881 Washington Avenue 5h) and when you would like to visit. A licensed real-estate professional will contact you.
Licensed brokerage
Premier Real Estate Group Inc
Broker of record Maxim Bohadana, Florida broker license BK3314523
(888) 440-3766The data relating to real estate for sale on this website comes in part from the IDX Program of BeachesMLS, Inc. Information is deemed reliable but not guaranteed. Listings held by brokerages other than Premier Real Estate Group Inc are marked with the IDX logo and detailed information about them includes the name of the listing broker. Last updated Oct 30, 2026, 3:49 PM ET.