NEW
- MLS® #: A11944737
- 1881 Washington Ave 5h
- Miami Beach, FL 33139-7445
- $879,500
- 3 Beds, 2 Bath, 1,230 SqFt
- Residential
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.
View Virtual TourEssential Information
- MLS® #A11944737
- Price$879,500
- CAD Dollar$1,198,275
- UK Pound£642,346
- Euro€741,960
- HOA Fees1600
- Bedrooms3
- Bathrooms2.00
- Full Baths2
- Square Footage1,230
- Year Built1966
- TypeResidential
- Sub-TypeCondominium
- StyleHigh Rise
- StatusActive
Community Information
- Address1881 Washington Ave 5h
- Area32
- SubdivisionOCTAGON TOWERS I CONDO
- CityMiami Beach
- CountyMiami-Dade
- StateFL
- Zip Code33139-7445
Amenities
- ParkingOne Space
- # of Garages1
- ViewCity, Other
- Pets AllowedConditional,Yes
Amenities
Fitness Center, Other, Pool, Sauna, Trash, Elevator(s)
Interior
- InteriorTile
- HeatingCentral
- CoolingCentral Air
Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Washer
Exterior
- Exterior FeaturesOther
- WindowsImpact Glass
- ConstructionBlock
School Information
- MiddleNautilus
- HighMiami Beach
- Office: Luxe Properties
Property Location
1881 Washington Ave 5h on www.jupiteroceanfronthomes.us
Offered at the current list price of $879,500, this home for sale at 1881 Washington Ave 5h features 3 bedrooms and 2 bathrooms. This real estate listing is located in OCTAGON TOWERS I CONDO of Miami Beach, FL 33139-7445 and is approximately 1,230 square feet. 1881 Washington Ave 5h is listed under the MLS ID of A11944737 and has been on the Miami Beach real estate market for 0 days.Facts About Miami Beach, FL
Over the past 20 years, no American beach has generated as much buzz as the one that hugs Ocean Drive in Miami Beach. Fringed with palms, backed by Art Deco architecture and pulsating with urban energy, South Beach is the place to stretch out.
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The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the REALTOR® Association of Greater Miami and the Beaches, and is updated as of January 31st, 2026 at 4:30am CST (date/time).
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