1881 Washington Ave #5H, Miami Beach, FL 33139
For Sale $879,500
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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.
Walk-In Closet(s)
Bedroom Layout - Split
Closet Cabinetry
Fitness Center
Other
Pool
Sauna
Trash Chute
Taxes: $7,858.00
Tax Year: 2025
Association Fee: $1,600.00
Association Fee Frequency: Monthly
Other
Electric Water Heater
Dryer
Dishwasher
Electric Range
Ice Maker
Microwave
Refrigerator
Washer
Other
Skyline
Elementary School: Miami Beach Fienberg / Fisher K-8
High School: Miami Beach
MLS Area: 2320
Total Square Footage: 1,230
Total Floors: 16
Construction: Block
Date Listed: 2026-01-18 00:00:00
Garage Spaces: 1
Flooring: Tile
Heating: Central
Cooling: Central Air
Security: Fire Alarm, Fire Sprinkler System, Other, Smoke Detector(S), Security System, Entry - Phone/Intercom, Lobby - Attended
Laundry: Washer Hookup, Dryer Hookup
Pets: Yes, Pet Restrictions Possible
Parcel ID: 0232340941020
Amenities: Fitness Center, Other, Pool, Sauna, Trash Chute
Listing Courtesy Of: Luxe Properties
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.
Property Details
Price: $879,500
Sq Ft: 1,230
($715 per
sqft)
Bedrooms: 3
Bathrooms: 2
Unit On Floor: 15
City: Miami Beach
County: Miami-Dade
Type: Condo
Development: Octagon Towers I Condo
Virtual Tour/Floorplan: View
Year Built: 1966
Listing Number: A11944737
Status Code: A-Active
Taxes: $7,858.00
Tax Year: 2025
Application Fee: $150.00
Garage:
1
Pets Allowed: Yes, Pet Restrictions Possible
Interior Features:
Walk-In Closet(s)
Bedroom Layout - Split
Closet Cabinetry
Amenities:
Fitness Center
Other
Pool
Sauna
Trash Chute
Financial Information:
Taxes: $7,858.00
Tax Year: 2025
Association Fee: $1,600.00
Association Fee Frequency: Monthly
Exterior Features:
Other
Equipment:
Electric Water Heater
Dryer
Dishwasher
Electric Range
Ice Maker
Microwave
Refrigerator
Washer
View:
Other
Skyline
School Information:
Elementary School: Miami Beach Fienberg / Fisher K-8
High School: Miami Beach
Additional Information:
MLS Area: 2320
Total Square Footage: 1,230
Total Floors: 16
Construction: Block
Date Listed: 2026-01-18 00:00:00
Garage Spaces: 1
Flooring: Tile
Heating: Central
Cooling: Central Air
Security: Fire Alarm, Fire Sprinkler System, Other, Smoke Detector(S), Security System, Entry - Phone/Intercom, Lobby - Attended
Laundry: Washer Hookup, Dryer Hookup
Pets: Yes, Pet Restrictions Possible
Parcel ID: 0232340941020
Amenities: Fitness Center, Other, Pool, Sauna, Trash Chute
Map of 1881 Washington Ave #5H, Miami Beach, FL 33139
Listing Courtesy Of: Luxe Properties