1881 Washington Ave
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.
Listing Information
Facts & Features
Location
Community Information
Architecture
Features & Amenities
Property Features
Square Footage
Tax & Financial Information
Schools
North Beach Elementary School
Miami Beach South Pointe Elementary School
Mater Academy At Mount Sinai
Miami Beach Nautilus Middle School
Miami Beach Feinberg/Fisher K-8
Miami Beach Senior High School
Miami Children's Museum Charter School
Miami Beach Adult & Community Educational Center
School ratings are provided for informational purposes only and are subject to change. Attendance boundaries are for reference only — contact the school or district directly to verify enrollment eligibility.
Historical Data
Price History
| Date | Event | Price |
|---|---|---|
| 01/14/2026 | Price change | $879,500 |
| 01/14/2026 | Listed for sale | $879,000 |
Listed by Michelle Beatty · Luxe Properties · 3058097650
Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, MIAMI REALTORS MLS. All rights reserved.
Last Updated: April 13, 2026 at 11:17 PM | Source: MIAMI REALTORS MLS | MLS#: A11944737
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