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1881 Washington #5H, Miami Beach, FL 33139

Miami Beach
Local realty services provided by:CENTURY 21 Move With Us
1881 Washington #5H,Miami Beach, FL 33139
$879,500
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  • 3 Beds
  • 2 Baths
  • 1,230 sq. ft.
  • Condominium
  • Active
Listed by: michelle beatty
Office: luxe properties
MLS#:A11944737
Source:FL_RAMC

Price summary

  • Price:$879,500
  • Price per sq. ft.:$715.04

About this home

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

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Home facts

  • Year built:1966
  • Subdivision & Development:Octagon Tower I Condo
  • Listing ID #:A11944737
  • Added:60 day(s) ago
  • Updated:October 31, 2026 at 08:36 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:2
  • Kitchen Description:Dishwasher, Electric Range, Ice Maker, Microwave, Refrigerator
  • Bedroom Description:Closet Cabinetry, Split Bedroom, Walk-In Closet(s)
  • Living area:1,230 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Year built:1966
  • Building area:1,230 sq. ft.
  • Construction Materials:Block, Concrete

Finances and disclosures

  • Price:$879,500
  • Price per sq. ft.:$715.04
  • Tax amount:$7,858 (2025)

Features and amenities

  • Appliances:Dishwasher, Dryer, Electric Range, Ice Maker, Microwave, Refrigerator, Some Electric Appliances, Washer, Water Heater
  • Laundry features:Dryer, Washer, Washer Hookup
  • Amenities:Closet Cabinetry, Door Man, Elevators, Fire Sprinkler System, French Doors/Atrium Doors, Impact Glass, Lobby Secured, Phone Entry, Smoke Detectors, Storm Windows
  • Pool features:Community

Parking

  • Total parking spaces:1
MLS LogoThe data relating to real estate for sale on this web site comes in part from a cooperative data exchange program of the Realtor<REGISTERED_LOGO> Association of Martin County, Inc. MLS. Real estate listings held by brokerage firms other than CENTURY 21 Move With Us are marked with the IDX logo (Broker Reciprocity) or name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed.

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