Back
Active - Condominium for sale
1881 Washington Ave # 5H, Miami Beach FL 33139
Facts & features
Why you’ll love it
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.
Listings courtesy of Luxe Properties.
Listed by: Michelle Beatty • 305-905-1517 • Luxe Properties
Co-listed by: Luxe Properties
Source: Miami MLS, MLS#: A11944737
Based on info available as of Nov 13, 2026 at 7:00 PM EST.
Come see by yourself
Affordability
$6,702/mo
- Mortgage$4,447
- Property tax$655
- HOA fee
- Homeowners insurance
Beycome estimates only. Actual amounts and terms vary by lender and location.
$17,590 Credit back
Start an offerDiscover the neighborhood
Travel times
About Octagon Towers I Condo
This local overview has been generated by Artur AI, for informational purposes only. Please verify all details independently before relying on it.
Flood & climate risk
FEMA Flood Zone AE
In a FEMA Special Flood Hazard Area — flood insurance is typically required with a federally-backed mortgage.
More details
Base flood elevation: 8 ft. Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.
Fire
Storm
Air quality
Pollen
Disclaimer
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements.
Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided.
Copyright ©2026.
Based on information as of Nov 13, 2026 at 07:00pm EST.
Make a winning offer, and get up to
$17,590 Credit back
