1881 Washington Ave #5H, Miami Beach, FL 33139
As of , this 3 bedroom, 2 bath condo at Octagon Towers I is for sale at $879,500 ($715 per sq ft). It was listed on .
MLS data updated .
Key facts
- Type
- Condo
- Year built
- 1966
- HOA fee
- $1,600 / month
- Property tax
- $7,858 (2025)
- Parking
- 1 garage space
- View
- City, Other
- Waterfront
- No
- Pets
- Pets allowed, with restrictions
- Cooling
- Central Air
- Heating
- Central
- MLS number
- A11944737
Listing information
Listing courtesy of Luxe Properties, 305-809-7650, operations@luxeknows.com
Listing agent: Michelle Beatty
BeachesMLS. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2026 BeachesMLS, Inc.
MIAMI MLS. Listing data from MIAMI MLS (South East Florida Regional MLS). Information is deemed reliable but not guaranteed.
Listing information is provided for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify homes consumers may want to buy or rent.
Listing last changed .
From the listing
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.
The text above is the listing description from the MLS, as written by the listing agent.
The building
Octagon Towers IAs of , Octagon Towers I has 6 condos for sale, from $379,000 to $879,500, and 7 for rent. The median asking price is $513 per sq ft.See all units and prices in this buildingThe Miami Beach market
As of , the median asking price in Miami Beach is $649,000, or $682 per sq ft, across 1,949 listings for sale. The median listing for sale there has been on the market for 113 days.
Price and status history
- Listing date
- Days on market
- 280
- Original list price
- $879,000
- Price changes
- 1
| Date | Event | Price |
|---|---|---|
| Price changed | $879,000 → $879,500 | |
| Listed | $879,000 |
From the MLS. RealVista does not show sold prices.
