1881 Washington Avenue #5H
Miami Beach, FL 33139
3
Bed
2
Bath
1,230Sqft
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.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
-
Bedroom Information
Total beds: 3Bathroom Information
Total Baths: 2 Full Baths: 2Flooring Information
Tile -
Interior Features
ClosetCabinetry, MainLevelPrimary, SplitBedrooms, WalkInClosetsAppliances: Dryer, Dishwasher, ElectricRange, ElectricWaterHeater, IceMaker, Microwave, Refrigerator, WasherLaundry Features: WasherHookup, DryerHookup -
Heating & Cooling
Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir
-
Building Information
Year Built: 1966Building Area Total: 1230Construction Materials: BlockPool Features: AssociationPrivate Pool: NoView: City, OtherAssociation Fee Frequency: Monthly -
Exterior Features
Exterior Features: Other
-
Listing Price Information
Listing Price: $879500Original Price: $879000Cash, Conventional
-
Tax Information
Parcel Number: 0232340941020 Tax Year: 2025 Annual Tax: $7858 Tax Legal Desc: OCTAGON TOWERS I CONDO UNIT 5H UNDIV 0.0117034 % INT IN COMMON ELEMENTS OFF REC 16618-3417 OR 21165-0315 0303 1
-
Garage Information
Has Garage: Yes Garage Space: 1 Pets Allowed: PetRestrictions, YesHomeowners Association Information
Has Association: YesIncluded Fees: CommonAreas, MaintenanceGrounds, PoolsHOA: $1,600.00Association Amenities: FitnessCenter, Other, Pool, Sauna, Trash, Elevators
-
School Information
Elementary School: Miami Beach Fienberg / Fisher K-8 Junior High School: Senior High School: Miami Beach -
Location Information
Security Features: SecuritySystem,FireAlarm,FireSprinklerSystem,LobbySecured,Other,PhoneEntry,SmokeDetectors
How much is this property worth?
Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.
Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 520 E Dilido Dr, Miami Beach, FL, 33139 | $4,595,000 | 4 | 5 | 3,228 | 3,228 SqFt |
| 185 Palm Avenue, Miami Beach, FL, 33139 | $22,900,000 | 5 | 6 | 5,616 | 5,616 SqFt |
| 279 N Hibiscus Dr, Miami Beach, FL, 33139 | $20,000,000 | 5 | 6 | 4,100 | 4,100 SqFt |
| 1621 Collins Ave #302, Miami Beach, FL, 33139 | $695,000 | 2 | 2 | 1,088 | 1,088 SqFt |
| 527 E Dilido Dr, Miami Beach, FL, 33139 | $12,900,000 | 4 | 4 | 3,398 | 3,398 SqFt |
| 327 E Rivo Alto Dr, Miami Beach, FL, 33139 | $22,500,000 | 6 | 7 | 5,479 | 5,479 SqFt |
| 440 S Hibiscus Dr, Miami Beach, FL, 33139 | $29,950,000 | 6 | 8 | 5,863 | 5,863 SqFt |
| 8 Century Ln, Miami Beach, FL, 33139 | $8,500,000 | 3 | 2 | 1,205 | 1,205 SqFt |
| 1500 Bay Rd #1532S, Miami Beach, FL, 33139 | $549,000 | 1 | 1 | 722 | 722 SqFt |
| 290 S Coconut Ln, Miami Beach, FL, 33139 | $21,950,000 | 5 | 5 | 7,660 | 7,660 SqFt |
Similar Homes To 1881 Washington Avenue #5H
Nearby For Sale
The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.
ByOwner last updated this listing 07/07/2026 @ 12:49
More Cities with for Sale by Owner Homes
- Miami Beach Homes For Sale By Owner
- BELLE ISLE Homes For Sale By Owner
- Fisher Island Homes For Sale By Owner
- North Bay Village Homes For Sale By Owner
- Miami Homes For Sale By Owner
- El Portal Homes For Sale By Owner
- Surfside Homes For Sale By Owner
- Miami Shores Homes For Sale By Owner
- Key Biscayne Homes For Sale By Owner
- Bay Harbor Islands Homes For Sale By Owner
- Biscayne Park Homes For Sale By Owner
- North Miami Homes For Sale By Owner
- Coral Gables Homes For Sale By Owner
- Coconut Grove Homes For Sale By Owner
- North Miami Beach Homes For Sale By Owner
- Sunny Isles Beach Homes For Sale By Owner
- Miami Springs Homes For Sale By Owner
- West Miami Homes For Sale By Owner
- Opa-Locka Homes For Sale By Owner
- Aventura Homes For Sale By Owner
Homes around $879,500
Verify Your Email
Please enter the 6-digit verification code
sent to your email address.