HomeCondos for SaleOctagon Towers I CondoUnit 12E
1881 Washington Ave, Unit 12E
+17 more
$445K

Octagon Towers I Condo Unit 12E

1881 Washington Ave, Unit 12E • Miami Beach, FL 33139

at Octagon Towers I Condo

Beds
2
Baths
2
Living Area
940 SF
Price / SF
$473
HOA / Monthly
$1,163
Days on Market
10

About This Unit

Amazing bright sun filled 2/2 with incredible Ocean & City skyline views- Just steps to the beach lincoln road, New world symphony, Filmore & across from the Convention center/. Wake up to glorious sunrises over the oceans . Spacious 2 bedroom-each bedroom having ensuite baths Building features 24hr front desk/valet. pool & gym Fully funded reserves. Pet friendly building too. Gated parking with 1 general parking spot. Second may be available thru the association (limited Amount) Owner are allowed to do 30 night rentals as long as they have proper licensing/state city/county. Daily rentals will be allowed as soon as the building is fully compliant the state and city requirements. Special assessment 202/mth

Pricing at Octagon Towers I Condo — $473/sqft
At $473/sqft, Octagon Towers I Condo Unit 12E is priced below the building's typical 2BR — worth a closer look.
Octagon Towers I Condo Unit 12E vs Active Listings at Octagon Towers I Condo: This condo is +0.1% higher (+$0/more per sqft) than the building's active 2BR median of $473/sqft, based on 3 active 2BRs.
Rank: This unit's $/sqft is higher than 33% of currently-active 2BR units at Octagon Towers I Condo (sample of 3).
Based on live MIAMIRE active & closed listings at Octagon Towers I Condo.
Time on Market — 10 days
Octagon Towers I Condo Unit 12E is fresh to market — limited negotiating leverage at this stage.
This unit's 10 days on the market is 138 days shorter than the active 2BR median of 148 days (-93.2%).
Inventory position: 0th percentile for 2BRs currently active at this building.
Estimated Monthly Cost
Mortgage (P&I)
$2,416
HOA
$1,163
Property Tax
$495
Total / mo
$4,075
Assumes 7.20% rate on 20% down (30-year fixed). Tax effective rate 1.34%. HOA $1.24/sqft · All-in $4.34/sqft / month. Excludes wind / flood / contents insurance — verify your actual rate with a lender.

Schedule your private showing at Octagon Towers I Condo.

Walk the unit with someone who knows this building inside out. Get pricing history, negotiation strategy, and the things the listing won't tell you.

That's (305) 337-4259 • Available 7 days a week
Recent Comparable Sales

Active 2BR Comps at Octagon Towers I Condo

UnitListSqft$/sqftDOM
#— 940 $473 10
#— 940 $436 148
#— 940 $484 249
Comps are limited to the same bedroom count. Sold prices reflect what closed buyers actually paid.
What to Verify
Flood Zone: This unit is in flood zone AE. High-risk flood zone (Special Flood Hazard Area). Federal flood insurance required for federally-backed mortgages.
Building Age: Built in 1966 (60 years old) — past Florida's 40-year recertification trigger; verify milestone status.
Ricky will verify all of the above with the HOA before closing.
💰 Current Owner's Cost Basis
The current owner bought this unit Aug 2023 for $418,000 — held 3 years. They’re now asking $445,000+6.5% (+$27,000) vs. cost basis.
Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.
Sales History
Date Price Type
Aug 2023 $418,000 arm’s-length
Oct 2018 $305,000 arm’s-length
Mar 2002 $158,000 arm’s-length
May 2000 $134,000 arm’s-length
Jul 1996 $104,900 arm’s-length
Source: Miami-Dade Property Appraiser. County living area: 940 sqft.
Unit: 12E
Year Built: 1966
Stories: 16
City: Miami Beach
Postal Code: 33139
HOA Fee: $1,163 / Monthly
View: Ocean View, Other View, Skyline
Waterfront: No
Private Pool: No
Heating: Central
Cooling: Central Air
Days on Market: 10
Listed: February 18, 2026
MLS #: A11972300

Location

Tour with Ricky

Schedule your private showing. Get pricing history, negotiation strategy, and the things the listing won't tell you.

Text or Call (305) 33-RICKY
That's (305) 337-4259
Email About This Unit
Listing courtesy of: Beachfront Realty Inc
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11972300 • Updated Feb 28, 2026
Ricky Garcia Miami Realtor
Your Miami Insider

Ready to Make an Offer?

Ricky Garcia  |  Global Luxury Realty  |  License #3521781

Ricky has closed deals at Octagon Towers I Condo. He knows the HOA, the best floors, and which units to avoid. Get a free no-pressure market analysis before you make any offer.

CALL (305) 33-RICKY That's (305) 337-4259
Send a message →    ⊕ Save Ricky's contact