$879,500
1881 Washington Avenue 5H
Miami Beach, FL 33139
Explore the area: Miami Beach homes for sale · Miami Dade County real estate
Price Check
How this price compares
- List price
- $879,500
- Price per sq ft
- $715
- Original price
- Unchanged
- Days on market
- 173
This 3-bedroom condo in Octagon Towers I Condo is listed at $879,500, or $715 per square foot. It has been on the market for 173 days.
Estimated monthly payment
$4,622 /mo
Principal and interest only, based on $175,900 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $1,600/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $879,500
- Days on Site
- 173 Days
- Bedrooms
- 3
- Total Baths
- 2
- Full Baths
- 2
- Partial Baths
- 0
- Living Area
- 1,230 sqft
- Total Sq Ft
- 1,230 sqft
- Year Built
- 1966
- Property Type
- Condo
- MLS #
- A11944737
- Property Tax
- $7,858 (2025)
- HOA Fees
- $1,600 / Monthly
- Subdivision
- OCTAGON TOWERS I CONDO
- County
- Miami Dade
- Status
- Active
- Special Conditions
- Listed As Is
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.
Virtual TourGeneral Features
- Property Type
- Condo
- Status
- Active
- Year Built
- 1966
- Property Condition
- Resale / Updated Remodeled
- Number of Stories
- 16
- Garage Spaces
- 1
- Living Sq Ft
- 1,230
- Total Sq Ft
- 1,230
Interior Features
- Appliances
- Dryer / Dishwasher / Electric Range / Electric Water Heater / Ice Maker / Microwave / Refrigerator / Washer
- Cooling
- Central Air
- Heating
- Central
- Flooring
- Tile
- Interior Features
- Closet Cabinetry / Main Level Primary / Split Bedrooms / Walk In Closets
- Laundry
- Washer Hookup / Dryer Hookup
Exterior Features
- Construction
- Block
- Exterior Features
- Other
- Pool Features
- Association
- View
- City / Other
Community & HOA
- HOA Fee
- $1,600 / Monthly
- HOA Includes
- Common Areas / Maintenance Grounds / Pools
- Association Amenities
- Fitness Center / Other / Pool / Sauna / Trash / Elevators
- Security
- Security System / Fire Alarm / Fire Sprinkler System / Lobby Secured / Other / Phone Entry / Smoke Detectors
- Pets Allowed
- Pet Restrictions / Yes
- Financing Terms
- Cash / Conventional
- Restrictions
- Ok To Lease
- MLS Area
- 2320
This home's HOA fee works out to $1,600 a month, 40% above the $1,139 median across 5 homes for sale in Octagon Towers I Condo. See Octagon Towers I Condo HOA fees
Schools
- Elementary School
- Miami Beach Fienberg / Fisher K-8
- High School
- Miami Beach
About the Community
Octagon Towers I Condo is a community in Miami Beach, Miami-Dade County, Florida. Active listings are priced from $445,000 to $879,500. Homes were built starting 1966. Pure Equity lists homes in Octagon Towers and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
- Homes for Sale
- 5
- Median List Price
- $420,000
- Median $/Sq Ft
- $484
- Avg Days on Market
- 90
Frequently Asked Questions
- How do I schedule a tour of 1881 Washington Avenue 5H, Miami Beach, FL 33139?
- Use the Tour button on this listing to request a showing of 1881 Washington Avenue 5H, Miami Beach, FL 33139. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 1881 Washington Avenue 5H, Miami Beach, FL 33139 still available?
- 1881 Washington Avenue 5H, Miami Beach, FL 33139 is currently listed as Active, and has been on the market 173 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 1881 Washington Avenue 5H, Miami Beach, FL 33139?
- With 20% down ($175,900) on the $879,500 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 1881 Washington Avenue 5H, Miami Beach, FL 33139 is about $4,622/mo, before property taxes, insurance, and HOA dues. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 1881 Washington Avenue 5H, Miami Beach, FL 33139?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 1881 Washington Avenue 5H, Miami Beach, FL 33139. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Does 1881 Washington Avenue 5H, Miami Beach, FL 33139 have an HOA fee?
- Yes: 1881 Washington Avenue 5H, Miami Beach, FL 33139 carries an HOA fee of about $1,600 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
- What schools serve 1881 Washington Avenue 5H, Miami Beach, FL 33139?
- 1881 Washington Avenue 5H, Miami Beach, FL 33139 is zoned for Miami Beach Fienberg / Fisher K-8 (elementary), Miami Beach (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 1881 Washington Avenue 5H, Miami Beach, FL 33139?
- Often, yes. The right offer on 1881 Washington Avenue 5H, Miami Beach, FL 33139 depends on how it's priced against comparable condo sales in Miami Beach, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Luxe Properties
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.
$879,500
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Listed by Michelle Beatty, Luxe Properties
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Recent Sales
Recently sold homes in Octagon Towers I Condo
These are the last 2 recorded closings in Octagon Towers I Condo, with the price each home actually sold for rather than what it was listed at. They closed at a median of $443 per square foot. The most recent closed on July 1, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$415,000
Sold · July 1, 2026
1881 Washington Avenue 4B
2 bed · 2 bath · 940 sqft · $441/sqft
$5,000 under the asking price
Sold$310,000
Sold · July 16, 2025
1881 Washington Avenue 8C
1 bed · 1 bath · 700 sqft · $443/sqft
$35,000 under the asking price
See every recorded sale in Octagon Towers I Condo or find out what your Octagon Towers I Condo home is worth.
