2 Beds
2 Baths
940 SqFt
2 Beds
2 Baths
940 SqFt
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 940 sqft
Price per Sqft $471
Subdivision Octagon Towers I Condo
MLS Listing ID A11914497
Style High Rise
Bedrooms 2
Full Baths 2
HOA Fees $1,233/mo
HOA Y/N Yes
Min Days of Lease 30
Leases Per Year 12
Year Built 1966
Annual Tax Amount $3,666
Tax Year 2024
Property Sub-Type Condominium
Property Description
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. Flexible rental policy with a current 30-day minimum, offering strong end-user and investment appeal. The building is actively working with the city toward approval for daily rentals, creating future short-term rental potential.
The building is financially sound with its 50-year recertification completed. A $200/month improvement assessment is in place (approximately 10 years remaining), funding major capital upgrades including installation of a generator, sprinkler and life-safety systems, new elevators, roof improvements, and related infrastructure required for state compliance. Once approvals are finalized, the building is expected to qualify for daily short-term rentals, subject to city and state requirements and proper licensing.
Exceptional walkability, future short-term rental upside, and an unbeatable South Beach location next to the Convention Center make this an outstanding opportunity
Location
State FL
County Miami-dade
Community Octagon Towers I Condo
Area 32
Interior
Interior Features Bedroom on Main Level, Split Bedrooms, Elevator
Heating Central
Cooling Central Air
Flooring Other
Window Features Impact Glass
Appliance Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Trash Compactor, Washer
Exterior
Exterior Feature Other
Parking Features Attached
Garage Spaces 1.0
Pool Association
Amenities Available Pool, Sauna, Elevator(s)
View City
Garage Yes
Private Pool Yes
Building
Architectural Style High Rise
Structure Type Block
Schools
Middle Schools Nautilus
High Schools Miami Beach
Others
Pets Allowed Conditional, Yes
HOA Fee Include Common Areas,Cable TV,Hot Water,Insurance,Maintenance Grounds,Parking,Pool(s),Sewer,Trash
Senior Community No
Restrictions Okay to Lease 1st Year,OK To Lease,See Remarks
Tax ID 02-32-34-094-0030
Security Features Secured Garage/Parking,Lobby Secured
Acceptable Financing Cash, Conventional, FHA, Other
Listing Terms Cash, Conventional, FHA, Other
Special Listing Condition Listed As-Is
Pets Allowed Conditional, Yes
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11914497
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