1881 Washington Avenue 5H, Miami Beach, FL 33139

$879,500

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A11944737

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,230 Status: Active

Current Price: $879,500 List Date: 1/14/2026 Last Modified: 7/07/2026

Overview

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 requirement ... (Read more)

Listing Details MLS# A11944737

General Property Information

Unit Floor #: 15
Property Sub Type: Condominium
Bedrooms Total: 3
Bathrooms Total: 2
Bathrooms Full: 2
Building Area Main: 1230
Living Area Main: 1230
Adjusted Area Main: 1230
Year Built: 1966
Garage YN: Yes
Garage Spaces: Yes
Covered Spaces: Yes
Senior Community YN: No
Stories Total: 16

Property Features

Application Information: 1-2 Weeks Approval Association Fee Includes: Common Areas; Elevator; Maintenance Grounds; Pool Service Exterior Features: Other Flooring: Tile Leasing Permitted Details: Okay To Lease Property Condition: Resale; Updated/Remodeled Appliances: Dishwasher; Dryer; Electric Range; Ice Maker; Microwave; Refrigerator; Washer Water Heater Details: Electric Water Heater Construction Materials: Block Cooling: Central Air Association Type: Condominium Heating: Central Interior Features: Bedroom Layout - Split; Closet Cabinetry; French Doors; Walk-In Closet(s) Laundry Features: Washer Hookup; Dryer Hookup Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pets Allowed: Pet Restrictions Possible Possession: Close Of Escrow Road Frontage Type: East of US-1 Security Features: Entry - Phone/Intercom; Fire Alarm; Fire Sprinkler System; Lobby - Attended; Security System; Smoke Detector(s); Other Special Information: Sold As-Is Tax Information: Tax Reflects No Exemptions Unit Description: High Rise View: Other; Skyline Showing Requirements: Call Listing Agent

Contract Information

Comp Sale YN: No
Original List Price: 879000
Occupant Type: Call Listing Agent

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 1881
Street Name: Washington
Street Suffix: Avenue
Unit Number: 5H
City Name: Miami Beach
Municipal Code: 2
State Or Province: FL
Postal Code: 33139
Postal Code +4: 7445
Postal Zip: 33139
Subdivision Name: OCTAGON TOWERS I CONDO
Area: 2320
Elementary School: Miami Beach Fienberg / Fisher K-8
High School: Miami Beach
Special Assessment YN: Yes
Parcel Number: 0232340941020
Subdivision Number: 94

Financial Information

Association YN: Yes
Association Fee: 1600
Association Fee Frequency: Monthly
Application Required YN: Yes
Estimated Monthly Assoc Recurring Fee: 1600
Membership Fee Required YN: No
Tax Annual Amount: 7858
Tax Year: 2025
Tax Legal Description: OCTAGON TOWERS I CONDO UNIT 5H UNDIV 0.0117034 % INT IN COMMON ELEMENTS OFF REC 16618-3417 OR 21165-0315 0303 1

Status Change Information

Major Change Timestamp: 2026-01-19T03:29:49Z
Major Change Type: Back on Market
Price Change Timestamp: 2026-01-14T17:44:30Z
Status Change Date: 2026-01-18

More Information

Application Fee Details

Application Fee Required: Yes
Application Fee: 150

Leasing Permitted Details

Leasing Permitted YN: Yes
Okay To Lease: Yes

Parking Information

Open Parking Spaces: Yes

Leasing Restrictions

Leasing - Max Times Per Year: 12

Section Details

Parcel Number MLX: 1020

Originating Details

Originating System Key: 425309242
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Application Information

1-2 Weeks Approval: Yes

Amenities

Fitness Center: Yes
Pool: Yes
Sauna: Yes
Trash Chute: Yes
Other: Yes

Association Fee Includes

Common Areas: Yes
Elevator: Yes
Maintenance Grounds: Yes
Pool Service: Yes

Exterior Features

Other: Yes

Flooring

Tile: Yes

Property Condition

Resale: Yes
Updated/Remodeled: Yes

Possession

Close Of Escrow: Yes

Special Information

Sold As-Is: Yes

View

Other: Yes
Skyline: Yes

Heating

Central: Yes

Unit Description

High Rise: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Electric Range: Yes
Ice Maker: Yes
Microwave: Yes
Refrigerator: Yes
Washer: Yes

Construction Materials

Block: Yes

Interior Features

Bedroom Layout - Split: Yes
Closet Cabinetry: Yes
French Doors: Yes
Walk-In Closet(s): Yes

Laundry Features

Washer Hookup: Yes
Dryer Hookup: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Road Frontage Type

East of US-1: Yes

Security Features

Entry - Phone/Intercom: Yes
Fire Alarm: Yes
Fire Sprinkler System: Yes
Lobby - Attended: Yes
Security System: Yes
Smoke Detector(s): Yes
Other: Yes

Water Heater Details

Electric Water Heater: Yes

Cooling

Central Air: Yes

Association Type

Condominium: Yes

Showing Requirements

Call Listing Agent: Yes

Master Bedroom/Bath

Master Bdrm - Ground: Yes

Pets Allowed YN

Yes: Yes

Pets Allowed

Pet Restrictions Possible: Yes

Tax Information

Tax Reflects No Exemptions: Yes

Listing Office: Luxe Properties

Last Updated: July - 07 - 2026

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1881 Washington Avenue 5H, Miami Beach, FL 33139 (MLS# A11944737)