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For sale
    • $879,500

    1881 Washington Ave APT 5H, Miami Beach, FL 33139

    3beds
    1,230sqft
    : 
    $7,609/mo
    Get pre-qualified
    Condominium
    Built in 1966
    -- sqft lot
    $-- Zestimate®
    $715/sqft
    $1,600/mo HOA

    What's special

    Modern updatesCompletely remodeled residenceAbundant natural lightQuartz stone countertopsBeautiful finishes throughoutTurnkey luxury livingLarge open kitchen
    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.
    197 days
    |
    249
    |
    17
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Michelle Beatty 305-905-1517,

    Luxe Properties

    Source: MIAMI,MLS#: A11944737MLS LogoOriginating MLS: A-Miami Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Dryer, Electric Water Heater, Ice Maker, Microwave, Electric Range, Refrigerator, Washer
      • Laundry: Washer/Dryer Hook-Up
      Features
      • Closet Cabinetry, Split Bedroom, Walk-In Closet(s)
      • Flooring: Tile
      • Doors: French Doors
      • Windows: High Impact Windows, Impact Glass
      Interior area
      • Total structure area: 1,230
      • Total interior livable area: 1,230 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 1
      • Parking features: 1 Space
      • Garage spaces: 1
      Features
      • Exterior features: Other
      • Pool features: Association
      • Has view: Yes
      • View description: Other, Skyline
      Lot
      • Features: East Of Us1
      Details
      • Parcel number: 0232340941020

      Construction

      Type & style
      • Home type: Condo
      • Property subtype: Condominium
      • Attached to another structure: Yes
      Materials
      • Concrete Block Construction
      Condition
      • Updated/Remodeled
      • Year built: 1966

      Community & HOA

      Community
      • Security: Fire Sprinkler System, Fire Alarm, Smoke Detector, Doorman, Phone Entry, Lobby Secured, Other
      • Application fee: $150
      • Pet fee: $100
      • Subdivision: Octagon Towers I Condo
      HOA
      • Has HOA: Yes
      • Amenities included: Fitness Center, Other, Pool, Sauna, Trash
      • HOA fee: $1,600 monthly
      Location
      • Region: Miami Beach

      Financial & listing details

      • Price per square foot: $715/sqft
      • Tax assessed value: $458,784
      • Annual tax amount: $7,858
      • Date on market: 1/14/2026
      • Listing terms: All Cash,Conventional

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        1/19/2026Listed for sale$879,500+118.5%$715/sqft
        Source: MIAMI #A11944737 Report a problem
        3/3/2023Listing removed--
        Source: Zillow Rentals Report a problem
        2/28/2023Listed for rent$7,250+116.4%$6/sqft
        Source: Zillow Rentals Report a problem
        4/24/2019Listing removed$3,350$3/sqft
        Source: Incmobilia Real Estate Advisors Report a problem
        3/2/2019Listed for rent$3,350+45.7%$3/sqft
        Source: Incmobilia Real Estate Advisors Report a problem
        11/8/2018Sold$402,500-8.3%$327/sqft
        Source: Public Record Report a problem
        9/21/2018Pending sale$439,000$357/sqft
        Source: Insignia International Properties #A10491508 Report a problem
        8/31/2018Price change$439,000-2.2%$357/sqft
        Source: Insignia International Properties #A10491508 Report a problem
        7/2/2018Listed for sale$449,000+54.8%$365/sqft
        Source: Insignia International Properties #A10491508 Report a problem
        1/22/2014Sold$290,000+3.6%$236/sqft
        Source: Public Record Report a problem
        12/19/2013Pending sale$280,000$228/sqft
        Source: Presidential Realty Group, Inc #A1852894 Report a problem
        11/17/2013Price change$280,000-9.6%$228/sqft
        Source: Presidential Realty Group, Inc #A1852894 Report a problem
        10/9/2013Listed for sale$309,900+28072.7%$252/sqft
        Source: Presidential Realty Group, Inc #A1852894 Report a problem
        9/29/2012Listing removed$2,300$2/sqft
        Source: Beachfront Realty Inc #A1647505 Report a problem
        9/11/2012Price change$2,300-4.2%$2/sqft
        Source: Beachfront Realty, Inc #A1647505 Report a problem
        6/30/2012Price change$2,400-5.9%$2/sqft
        Source: Beachfront Realty, Inc #A1647505 Report a problem
        6/13/2012Price change$2,550-5.6%$2/sqft
        Source: Beachfront Realty, Inc #A1647505 Report a problem
        6/1/2012Listed for rent$2,700$2/sqft
        Source: Beachfront Realty, Inc #A1647505 Report a problem
        5/5/2011Sold$1,100-99.5%$1/sqft
        Source: Public Record Report a problem
        2/1/2011Listing removed$212,000$172/sqft
        Source: Fortune International Realty Report a problem
        9/25/2010Listed for sale$212,000-57.6%$172/sqft
        Source: Keller Williams Properties #M1425864 Report a problem
        11/29/2008Listing removed$500,000$407/sqft
        Source: Listhub #D1310985 Report a problem
        11/15/2008Listed for sale$500,000+174.1%$407/sqft
        Source: Listhub #D1310985 Report a problem
        4/10/2003Sold$182,400+21.6%$148/sqft
        Source: Public Record Report a problem
        3/6/1997Sold$150,000$122/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$8,186 +5.9%$424,056 +10%
        2024$7,728 +13%$385,506 +10%
        2023$6,836 +14.2%$350,460 +10%
        2022$5,986 +5.1%$318,600 +8%
        2021$5,696 -0.3%$295,000
        2020$5,711 -0.1%$295,000
        2019$5,717 +60.5%$295,000 +28%
        2018$3,562 $230,461
        2017$3,562 -1.4%$230,461 -26%
        2016$3,611 -32.2%$311,424 +0.7%
        2015$5,327 -15.2%$309,260
        2014$6,283 +87.6%$309,260 +71.8%
        2013$3,350 $179,993 +10%
        2012$3,350 +13.7%$163,630 +15%
        2011$2,945 -6.2%$142,290
        2010$3,140 -19.5%$142,290 -25%
        2009$3,903 +30.5%$189,720 +27.9%
        2007$2,991 -11.4%$148,279
        2006$3,378 --
        2005$3,378 +1.6%--
        2004$3,325 -1.1%--
        2003$3,363 +27%--
        2002$2,648 --
        2001$2,648 --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: City Center

        Getting around

        92 / 100
        Walker's Paradise
        59 / 100
        Good Transit
        71 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Middle: Nautilus
        • High: Miami Beach

        Source: MIAMI. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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