# 1881 Washington Ave, Miami Beach, FL 33139

> **TL;DR:** 3bd/2ba condo, $879,500 ($715/sqft), built 1966, 1,230 sqft.
> View. Est. $3,811/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $879,500 |
| Price/sqft | $715 |
| Bedrooms | 3 |
| Bathrooms | 2 full |
| Square Feet | 1,230 |
| Year Built | 1966 |
| Stories | 16 |
| Property Type | Condo (Condominium) |
| Status | For Sale |
| Days on Market | 0 |

## Why This Home Stands Out

- **Views** - City, Other

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $3,811 |
| **Total** | **$3,811** |

## Nearby Schools

- **Middle:** Nautilus
- **High:** Miami Beach

## Key Amenities

- View

## Property Highlights

- Built in 1966
- 16 stories

## Description

### Agent Description
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.

## Location

- **Address:** 1881 Washington Ave, Miami Beach, FL 33139
- **County:** Miami-Dade
- **Neighborhood:** Octagon Towers I Condo

## Listing Agent

- **Name:** Michelle Beatty
- **Brokerage:** Luxe Properties
- **Phone:** 3059051517
- **Email:** Michellebeatty@me.com

## Primary Photo

![1881 Washington Ave - Primary Photo](http://lh.rdcpix.com/f9a73c5cd9649cbf3af073f0c6bfec95l-f4104619128r.jpg)

*30 total photos available on [listing page](https://www.propertysimple.com/listing/1881-washington-ave-miami-beach-fl-33139-11944737)*

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**MLS#:** A11944737 | **Updated:** 2026-06-17
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/1881-washington-ave-miami-beach-fl-33139-11944737)

---

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