$740,000
Active
$740,000
800 Ave 635 #635
Miami Beach, FL 33139
2 bd1.5 ba1,150 sqft
South Bay Club Condo
$879,500137 days on marketActive
1881 Washington Avenue 5H, Miami Beach, FL 33139
Miami Beach, FL 33139
3
Beds
2
Baths
1,230
Sq Ft
$715
$/Sq Ft
1966
Year Built
1 car
Garage
Listing Snapshot
| List Price | $879,500 |
| Price / Sq Ft | $715 |
| Beds | 3 |
| Baths | 2 |
| Living Area | 1,230 sqft |
| Year Built | 1966 |
| Property Tax | $7,858/yr |
| HOA / Condo Fee | $1,600 / monthly |
| MLS # | 1151155381 |
| Status | Active |
| Days on Market | 137 |
About This Home
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.
General Features
- Property Type
- Residential
- Sub-type
- Condominium
- Stories
- 16
- Garage Spaces
- 1
- Security
- SecuritySystem,FireAlarm,FireSprinklerSystem,LobbySecured,Other,PhoneEntry,SmokeDetectors
- Subdivision
- OCTAGON TOWERS I CONDO
Interior Features
- Appliances
- Dryer,Dishwasher,ElectricRange,ElectricWaterHeater,IceMaker,Microwave,Refrigerator,Washer
- Flooring
- Tile
- Heating
- Central
- Cooling
- CentralAir
- Interior Features
- ClosetCabinetry,MainLevelPrimary,SplitBedrooms,WalkInClosets
- Laundry
- WasherHookup,DryerHookup
Exterior Features
- Construction
- Block
- Exterior Features
- Other
- Pool Features
- Association
- View
- City,Other
- Waterfront
- No
Community Features
- Association Amenities
- FitnessCenter,Other,Pool,Sauna,Trash,Elevators
- Association Dues
- $1,600 / monthly
- MLS Area
- 2320
Schools
ElementaryMiami Beach Fienberg / Fisher K-8
HighMiami Beach
Map
Virtual Tour
View Virtual TourListed by · Luxe Properties
MLS# 1151155381 · BEACH
Information deemed reliable but not guaranteed. © 2026 BEACH.
MLS# 1151155381 · BEACH
Information deemed reliable but not guaranteed. © 2026 BEACH.
Interested in this home?
Schedule a showing or ask a question — buyer representation is free.
Estimate Your Payment
$
20% down · Loan: $703,500
%
Est. Monthly$7,054
Principal & Interest$4,799
Property Tax$655
HOA$1,600
Estimate only. Does not include insurance or PMI. Rate is illustrative — contact us for current rates.
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