HomeCondos for SaleOctagon Towers I CondoUnit 4B
1881 Washington Ave, Unit 4B
+23 more
$455K

Octagon Towers I Condo Unit 4B

1881 Washington Ave, Unit 4B • Miami Beach, FL 33139

at Octagon Towers I Condo

Beds
2
Baths
2
Living Area
940 SF
Price / SF
$484
HOA / Monthly
$1,231
Days on Market
249

About This Unit

Welcome to your dream retreat in Miami Beach—a stunning 2-bedroom, 2-bathroom condo featuring a spacious split floor plan designed for ultimate comfort and privacy. Each bedroom boasts its own ensuite bathroom, ensuring that everyone has their own personal space. The primary suite is a true sanctuary, complete with walk-in closets and additional storage that can be easily converted into a home office. Newly installed luxury vinyl flooring and sleek epoxy countertops add a touch of modern elegance to the living space. Enjoy the convenience of an in-unit washer and dryer, making laundry day a breeze. Step outside, and you’re just a leisurely stroll away from the vibrant Lincoln Road, the renowned Convention Center, and the beautiful beaches that South Beach is famous for.

Pricing at Octagon Towers I Condo — $484/sqft
At $484/sqft, Octagon Towers I Condo Unit 4B is priced above the building's typical 2BR — premium positioning.
Octagon Towers I Condo Unit 4B vs Active Listings at Octagon Towers I Condo: This condo is +2.3% higher (+$11/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 67% 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 — 249 days
Octagon Towers I Condo Unit 4B is above the typical days on market for this building. The seller may be flexible on price.
This unit's 249 days on the market is 101 days longer than the active 2BR median of 148 days (+68.2%).
Inventory position: 67th percentile for 2BRs currently active at this building.
Estimated Monthly Cost
Mortgage (P&I)
$2,471
HOA
$1,231
Property Tax
$460
Total / mo
$4,162
Assumes 7.20% rate on 20% down (30-year fixed). Tax effective rate 1.21%. HOA $1.31/sqft · All-in $4.43/sqft / month. Excludes wind / flood / contents insurance — verify your actual rate with a lender.

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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 Dec 2023 for $385,000 — held 2 years. They’re now asking $455,000+18.2% (+$70,000) vs. cost basis.
Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.
Sales History
Date Price Type
Dec 2023 $385,000 arm’s-length
Oct 2021 $250,000 arm’s-length
Mar 2014 $260,000 arm’s-length
Jul 2012 $180,000 arm’s-length
Sep 2009 $134,500 Financial inst or "In Lieu of Forclosure" stated
Mar 2002 $130,000 arm’s-length
Source: Miami-Dade Property Appraiser. County living area: 940 sqft.
Unit: 4B
Year Built: 1966
Stories: 16
City: Miami Beach
Postal Code: 33139
HOA Fee: $1,231 / Monthly
View: Skyline
Waterfront: No
Private Pool: No
Heating: Central
Cooling: Central Air
Days on Market: 249
Listed: August 26, 2025
MLS #: A11866018

Location

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That's (305) 337-4259
Email About This Unit
Listing courtesy of: Silverleaf Realty Group
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11866018 • Updated May 2, 2026
Ricky Garcia Miami Realtor
Your Miami Insider

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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.

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