$879,500
1881 Washington Ave # 5H, Miami Beach FL 33139
290 days on market
- Bedrooms
- 3
- Bathrooms
- 2
- Living area
- 1,230 sqft
- Price per sqft
- $715
- Type
- Condominium
- Year built
- 1966
- HOA
- $1,600/mo
- Taxes
- $7,858/yr
- MLS #
- A11944737
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.
Estimated subtotal
$2,255/mo
- Principal and interestThe current market rate is not available right now. Enter the rate your lender quoted.
- Not included
- Property taxMLS 2025 annual tax, shown monthly
- $655
- HOAMLS association fee, monthly
- $1,600
The current market rate is not available right now. Enter the rate your lender quoted.
Estimate. Jumbo and investor loans are often priced differently; verify with your lender. Property tax is the seller's current bill and may be reassessed after purchase. Items marked Not included are not in this total.
Is this the right price?
We send written comps, the full cost of owning it and an offer strategy before you tour or offer.
The neighborhood
Miami Beach, 33139
What to check here
Compare association costs, flood exposure and financing across distinct condo submarkets.
Listing courtesy of Luxe Properties
Listing data provided by the Miami Association of Realtors MLS, deemed reliable but not guaranteed.