1881 WASHINGTON AVE #5H, Miami Beach
$879,500 USD 3 2
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| Address | 1881 WASHINGTON AVE #5H, Miami Beach |
| Building Name | Octagon Tower I Condo |
| Type of Property | Condominium |
| Price | $879,500 |
| Previous Price | $879,000 (20 days ago) |
| Property Status | Active |
| MLS Number | A11944737 |
| Bedrooms Number | 3 |
| Full Bathrooms Number | 2 |
| Living Area | 1230 |
| Year Built | 1966 |
| Garage Spaces Number | 1 |
| Folio Number | 02-32-34-094-1020 |
| Days on Market | 25 |
Detailed 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 requi
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Address Information
| State | Florida |
| City | Miami Beach |
| County | Miami-Dade County |
| Zip Code | 33139 |
| Address | 1881 WASHINGTON AVE |
| Section | 34 |
| Zip Code (4 Digits) | 7445 |
Financial Information
| Price | $879,500 |
| Price per Foot | $0 |
| Previous Price | $879,000 |
| Folio Number | 02-32-34-094-1020 |
| Maintenance Charge Month | $1,600 |
| Association Fee Paid | Monthly |
| Association Fee | $1,600 |
| Tax Amount | $7,858 |
| Tax Year | 2025 |
Full Descriptions
| Detailed 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 requi |
| Property View | Other View, Skyline |
| Floor Description | Tile |
| Interior Features | Closet Cabinetry, Fire Sprinklers, French Doors, Split Bedroom, Walk-In Closet (s) |
| Exterior Features | East Of Us1, Other |
| Equipment Appliances | Dishwasher, Dryer, Electric Water Heater, Ice Maker, Microwave, Electric Range, Refrigerator, Washer |
| Amenities | Exercise Room, Other, Pool, Sauna, Trash Chute |
| Cooling Description | Central Air |
| Heating Description | Central |
| Parking Description | 1 Space |
| Pet Restrictions | Restrictions Or Possible Restrictions |
Property parameters
| Bedrooms Number | 3 |
| Full Baths Number | 2 |
| Living Area | 1230 |
| Year Built | 1966 |
| Type of Property | Condominium |
| Building Name | Octagon Tower I Condo |
| Development Name | OCTAGON TOWERS I CONDO |
| Construction Type | Concrete Block Construction |
| Garage Spaces Number | 1 |
| Listed with | Luxe Properties |