- MLS® #: A11944737
- 1881 Washington Avenue #5h
- Miami Beach, FL 33139
- $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$1,248,128
- UK Pound£666,372
- Euro€772,625
- HOA Fees1600
- Bedrooms3
- Bathrooms2.00
- Full Baths2
- Square Footage1,230
- Year Built1966
- TypeResidential
- Sub-TypeCondominium
- Unit Floor15
- StatusActive
- HOPANo Hopa
Community Information
- Address1881 Washington Avenue #5h
- Area2320
- SubdivisionOCTAGON TOWERS I CONDO
- CityMiami Beach
- CountyMiami-Dade
- StateFL
- Zip Code33139
Amenities
- Parking Spaces1
- # of Garages1
- ViewOther, Skyline
- Pets AllowedYes, Pet Restrictions Possible
Amenities
Fitness Center, Other, Pool, Sauna, Trash Chute
Interior
- HeatingCentral
- CoolingCentral Air
- # of Stories16
Interior Features
Walk-In Closet(s), Bedroom Layout - Split, Closet Cabinetry
Appliances
Electric Water Heater, Dryer, Dishwasher, Electric Range, Ice Maker, Microwave, Refrigerator, Washer
Exterior
- Exterior FeaturesOther
- ConstructionBlock
School Information
- HighMiami Beach
Elementary
Miami Beach Fienberg / Fisher K-8
- Office: Luxe Properties
Property Location
1881 Washington Avenue #5h on www.jupiteroceanfronthomes.us
Offered at the current list price of $879,500, this home for sale at 1881 Washington Avenue #5h features 3 bedrooms and 2 bathrooms. This real estate listing is located in OCTAGON TOWERS I CONDO of Miami Beach, FL 33139 and is approximately 1,230 square feet. 1881 Washington Avenue #5h is listed under the MLS ID of A11944737 and has been available through www.jupiteroceanfronthomes.us for the Miami Beach real estate market for 166 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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Listing information last updated on June 29th, 2026 at 4:41pm CDT.