1881 Washington Avenue 5H For Sale
Property Details
| Asking Price | $879,500 |
|---|---|
| Price per SqFt | $715 |
| Maintenance Fee | $1,600 Monthly |
| Property Taxes | $7,858 2025 |
| Interior Space | 1,230 SqFt |
| Beds/Baths | 3/2 |
| Year Built | 1966 |
| MLS # | A11944737 |
Location
From the listing
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.
Listed by Luxe Properties
What It Costs to Own
Monthly, before a mortgage and insurance
Maintenance $1,600 a month; taxes $7,858 for 2025. MLS figures, which may not be accurate.
Sales History for This Home · 1881 Washington Avenue 5H, Miami Beach, FL 33139
| Sale ⇅ | Sold Price ⇅ | Closed Date ⇅ |
|---|---|---|
| A1852894 | $290,000 | 1/7/14 |
Listed by Luxe Properties. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in Miami Beach and throughout South Florida.
Ask Mark About This Listing
1881 Washington Avenue 5H, Miami Beach · MLS A11944737 · $879,500
Mark sent you this link
Your message goes to Mark Zilbert
Having issues or do you need technical help? Use this form instead: CLICK HERE
The curated data and calculated data for this property and its surrounding condo units and homes is based solely on data we have extracted from the MLS. There may be unpublished, private, quit claim and other property offerings and transfers that do not appear here, which may affect how a buyer or seller perceives property values. Always conduct proper due diligence when considering buying or selling property.