1881 Washington Avenue 5H Miami Beach, FL 33139
3 Bedroom, 1,230 Sqft, Condominium
AGENT'S REMARKS ABOUT 1881 WASHINGTON AVENUE 5H
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 Buildings 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.$879,500
| Bedrooms | 3 |
| Bathrooms | 2 Full |
| Living Area | 1,230 SqFt |
| Year Built | 1966 |
| Garage | 1 |
| Private Pool | No |
| Subdivision | OCTAGON TOWERS I CONDO |
| MLS# | A11944737 |
| Listing Status | Active |
| Days on Market | 2026-01-14 |
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PROPERTY DETAILS
- Property Type: Condominium
- Approx Living Area: 1,230 SqFt
- Total Bedrooms: 3
- Bathrooms: 2 Full
- Year Built: 1966
- Garage Spaces: 1
- Stories: 16
- Interior: Walk-In Closet(s), Bedroom Layout - Split, Closet Cabinetry
- Other Appliances: Electric Water Heater, Dryer, Dishwasher, Electric Range, Ice Maker, Microwave, Refrigerator, Washer
- Flooring: Tile
- Age Restrictions: No
- Total Floors in Building: 16
- Construction: Block
- Exterior Description: Other
- Cooling System: Central Air
- Heating: Central
- Pets Allowed: Yes, P
- County: Miami-Dade
- Area: 2320
- Subdivision: OCTAGON TOWERS I CONDO
- Community Features: Fitness Center, Other, Pool, Sauna, Trash Chute
- Age Restricted: No
- Security: Fire Alarm, Fire Sprinkler System, Other, Smoke Detector(s), Security System, Entry - Phone/Intercom, Lobby - Attended
- Annual Property Taxes: $7,858
- Elementary School: Miami Beach Fienberg / Fisher K-8
- High School: Miami Beach
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MAP LOCATION FOR 1881 WASHINGTON AVENUE 5H MIAMI BEACH, FL 33139
SIMILAR LISTINGS NEAR 1881 WASHINGTON AVENUE 5H
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Listing courtesy of Luxe Properties 07.07.2026
If you are interested in this property at 1881 Washington Avenue 5H or any other properties in Miami Beach please contact The Rucco Group at (561) 737-0366.