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$879,500 Just Listed

  • For Sale
  • Active
  • Condo
  • 3 Beds
  • 2 Full Baths
  • 1,230 Sq. Ft.
  • Updated 3 hours ago
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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.

Full Property Details for 1881 Washington Ave #5H

General

  • Price: $879,500
  • HOA FEE: $1,600/month
  • Taxes: $7,858 (2025)
  • Status: Active
  • Type: Condo
  • Source: Greater_Miami
  • MLS ID: A11944737
  • Updated: 1/18/2026
  • Added to Site: 5 day(s) ago

Interior

  • Interior Features: Closet Cabinetry, Fire Sprinklers, French Doors, Split Bedroom, Walk-In Closet(s)
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Ice Maker, Microwave, Electric Range, Refrigerator, Washer
  • Flooring: Tile

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 3
  • Bedroom Features: At Least 1 Bedroom Ground Level

Other Rooms

  • Laundry: Washer/Dryer Hook-Up

Additional Information

  • Shared Amenities: Exercise Room, Other, Pool, Sauna, Trash Chute
  • Maint. Includes: Common Area, Elevator, Landscaping/Lawn Maintenance, Pool Service
  • Security/Safety: Fire Sprinklers, Fire Alarm, Smoke Detector, Doorman, Phone Entry, Lobby Secured, Other

Exterior

  • Exterior Features: East Of Us1, Other

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Covered Spaces: 1
  • Parking Features: 1 Space

Location

  • Area: Octagon Towers I Condo
  • County: Miami-Dade County
  • Subdivision: OCTAGON TOWERS I CONDO
  • Building Name: Octagon Tower I Condo

School Information

  • Middle School: Nautilus
  • High School: Miami Beach

Community

  • Community Name: Octagon Towers I Condo
  • Association: Yes
  • Pets Allowed: Yes

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Central

Structural Information

  • Architectural Style: High Rise
  • Structure Type: Condo 5+ Stories, Condo
  • Detached/Attached: Attached
  • Construction: Concrete Block Construction
  • Windows: High Impact Windows, Impact Glass
  • Doors: French Doors
  • Entry Floor Number: 15
  • Building Size: 1230
  • Square Feet: 1,230
  • Living Area: 1,230 Sq. Ft.
  • Year Built: 1966
  • Property Condition: Updated/Remodeled

Lot Features

  • Property View: Other View, Skyline

Financial Considerations

  • Price Per Sq. Ft.: $715.04
  • Association Fee: $1,600
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $7,858
  • Tax Year: 2025
  • Terms: All Cash, Conventional

Disclosures and Reports

  • Legal Description: OCTAGON TOWERS I CONDO UNIT 5H UNDIV 0.0117034 % INT IN COMMON ELEMENTS OFF REC 16618-3417 OR 21165-0315 0303 1
  • Restrictions: Ok To Lease
  • Property ID: 02-32-34-094-1020

Listed by Luxe Properties

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— 1881 Washington Ave #5H —

  • Luxe Properties

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 1881 Washington Ave #5H

School District:Dade County School District
NameGradesDistance
Fienberg/Fisher K-8 Center
1420 Washington Avenue, Miami Beach, FL 33139
PK-50.6 mi
Nautilus Middle School
4301 N Michigan Ave, Miami Beach, FL 33140
6-81.4 mi
Miami Beach Senior High School
2231 Prairie Avenue, Miami Beach, FL 33139
9-120.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1881 Washington Ave #5H Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/14/2026
Listed
$879,500
118.51%
MLS
10/29/2018
Sold
$402,500
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1881 Washington Ave #5H

Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,728
13%
$458,784
20%
2023
$6,836
14%
$382,320
20%
2022
$5,986
5%
$318,600
8%
2021
$5,696
—
$295,000
—
2019
$5,717
60%
$295,000
28%
2018
$3,562
-1%
$230,461
—
2017
$3,611
-31%
$230,461
-26%
2016
$5,261
-1%
$311,424
1%
2015
$5,327
-15%
$309,260
—
2014
$6,283
58%
$309,260
72%
2013
$3,987
—
$179,993
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Luxe Properties

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1881 Washington Ave #5H, Miami Beach, FL 33139 (MLS# A11944737) is a Condo property with 3 bedrooms and 2 full bathrooms. 1881 Washington Ave #5H is currently listed for $879,500 and was received on January 14, 2026. Want to learn more about 1881 Washington Ave #5H? Do you have questions about finding other Condo real estate for sale in Miami Beach? You can browse all Miami Beach real estate or contact a Coldwell Banker agent to request more information.

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