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$455,000
2 Beds 2 Baths A12086863 MLS Octagon Towers BLDG.
Beautifully renovated two-bedroom, two-bath residence featuring a desirable split-bedroom floor plan with two en-suite bathrooms. Bright interiors showcase white porcelain flooring, a sleek white kitchen with granite countertops, and stainless-steel appliances. Enjoy sweeping east-facing views toward the ocean and Miami Beach skyline, along with spectacular sunrises. Building amenities include a pool, fitness center, assigned parking, 24-hour front desk, and valet service. The building currently permits rentals with a minimum term of 30 days. Daily rentals will be permitted in the future, subject to completion of necessary life safety updates and all required state and city licenses and approvals. Ideal locations just 6 minutes from the boardwalk and the beach. There currently is a special assessment for 202/mth Tenant occupied thru 1/2027

1881 Washington Ave Unit #11D, Miami Beach

$879,500
3 Beds 2 Baths A11944737 MLS Octagon Tower I Condo BLDG.
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.

1881 Washington Ave Unit #5H, Miami Beach