Ad #7128725
MLS #A11944737
Great second home located in front of the Miami Beach Convention
1881 Washington Ave 5H, Miami Beach, FL 33139
$879,500
3Beds
2Baths
1,230Sqft
--Acres
About this property
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.
Property Features
3 Beds
2 Baths
1,230 Sqft
Built in 1966
0.000 Acres
Siding: Block
Central
$7,858 / yr property tax
Miami-Dade County
OCTAGON TOWERS I CONDO Community
Additional Photos
Contact Information
Michelle Beatty
LUXE Properties LLC
305-905-1517
Location
Listing Agent: Michelle Beatty (License #: 3347395) 305-905-1517
Broker: LUXE Properties LLC 305-809-7650 Listing Site
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: LUXE Properties LLC 305-809-7650 Listing Site
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Aug 12, 2026
Photo Gallery
$879,500
3
Beds
2
Baths
1,230
Sqft
1881 Washington Ave 5H, Miami Beach, FL 33139
By contacting this agent you agree to these Terms and Conditions.
MLS# A11944737
Great second home located in front of the Miami Beach Convention
$879,500
1881 Washington Ave 5H, Miami Beach, FL 33139
3
Beds
2
Baths
1,230
Sqft
--
Acres
$879,500
1881 Washington Ave 5H, Miami Beach, FL 33139
3 Beds
2 Baths
1,230 Sqft
-- Acres
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.
209 days
on BeachHouse.com
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Property Details
HOME DETAILS
3 Beds
2 Baths
1,230 Sqft
Built in 1966
0.000 Acres
EXTERIOR
Siding: Block
INTERIOR
Central
FINANCIAL & COMMUNITY
$7,858 / yr property tax
Miami-Dade County
OCTAGON TOWERS I CONDO Community
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7128725
Viewed
99 times
Listing Status
Active
Added
Jan 14, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
Miami REALTORS®
Source Property ID
A11944737
Listing Agent: Michelle Beatty (License #: 3347395) 305-905-1517
Broker: LUXE Properties LLC 305-809-7650 Listing Site
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: LUXE Properties LLC 305-809-7650 Listing Site
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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