+28 more
$410K
Octagon Towers I Condo Unit 4A
1881 Washington Ave, Unit 4A • Miami Beach, FL 33139
About This Unit
*Seller Motivated* - Beautiful and bright 2BD/2BA South Beach condo in a prime location just steps from the Miami Beach Convention Center, top dining, Lincoln Road, Sunset Harbour, and the beach. This 940 SF residence features a desirable split floor plan with ensuite bathrooms, in-unit washer/dryer, and a spacious kitchen with granite eat-in island. The building offers full-service amenities including 24-hour doorman and valet, pool, sauna, gym, and is pet-friendly. One assigned parking space included, with guest parking available through valet.
Pricing at Octagon Towers I Condo — $436/sqft
At $436/sqft, Octagon Towers I Condo Unit 4A is priced at the low end of the building — only 0% of active 2BRs ask less per sqft.
Octagon Towers I Condo Unit 4A vs Active Listings at Octagon Towers I Condo: This condo is -7.8% lower ($37/less 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 0% 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 — 148 days
Octagon Towers I Condo Unit 4A is around the building's typical pace.
This unit's 148 days on the market is 0 days longer than the active 2BR median of 148 days (+0.0%).
Inventory position: 33th percentile for 2BRs currently active at this building.
Price History
Originally listed at $449,000. Reduced to $410,000 on Mar 23, 2026 (after 130 days on market) — -8.7% (−$39,000).
Estimated Monthly Cost
Mortgage (P&I)
$2,226
HOA
$1,165
Property Tax
$306
Total / mo
$3,697
Assumes 7.20% rate on 20% down (30-year fixed).
Tax effective rate 0.89%.
HOA $1.24/sqft · All-in $3.93/sqft / month.
Excludes wind / flood / contents insurance — verify your actual rate with a lender.
Schedule your private showing at Octagon Towers I Condo.
Walk the unit with someone who knows this building inside out. Get pricing history, negotiation strategy, and the things the listing won't tell you.
That's (305) 337-4259 • Available 7 days a week
Recent Comparable Sales
Active 2BR Comps at Octagon Towers I Condo
UnitListSqft$/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 Apr 2024 for $425,000 — held 2 years. They’re now asking $410,000 — −3.5% (−$15,000) vs. cost basis.
Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.
Sales History
| Date | Price | Type |
|---|---|---|
| Apr 2024 | $425,000 | arm’s-length |
| Oct 2020 | $255,000 | arm’s-length |
| Jul 2014 | $182,175 | Corrective, tax or QCD; min consideration |
| Mar 2014 | $202,600 | Financial inst or "In Lieu of Forclosure" stated |
| Oct 2010 | $1,300 | Financial inst or "In Lieu of Forclosure" stated |
| Feb 2006 | $320,000 | arm’s-length |
Source: Miami-Dade Property Appraiser. County living area: 940 sqft.
Building: Octagon Towers I Condo
Unit: 4A
Year Built: 1966
Stories: 16
City: Miami Beach
Postal Code: 33139
HOA Fee: $1,165 / Monthly
View: Skyline
Waterfront: No
Private Pool: No
Heating: Central
Cooling: Central Air
Days on Market: 148
Listed: November 14, 2025
MLS #: A11914497
Location
Listing courtesy of: Premier Elite Realty Inc.
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11914497
• Updated Apr 11, 2026
