# Octagon Towers I

As of 2026-10-16, Octagon Towers I in South Beach has 5 units for sale at a median asking price of $420K ($484/sqft); 1 units sold in the last 12 months.

Octagon Towers I is a 16-story, 113-unit condominium built in 1966 at 1881 Washington Ave in South Beach, in FEMA flood zone AE.

## Key facts

| | |
|---|---|
| Address | 1881 Washington Ave |
| Neighborhood | South Beach |
| Year built | 1966 |
| Floors | 16 |
| Units | 113 |
| Waterfront | no |
| Developer | Octagon Towers Associates, A Florida General Partnership |
| For sale | 5 |
| Pending | 1 |
| Median asking price | $420,000 |
| Median asking $/sqft | $484/sqft |
| Sold, last 12 months | 1 |
| Median sold $/sqft, 12 months | $441/sqft |
| Months of inventory | 60.0 |
| Median HOA | $1,139/mo |
| Parking | The building offers gated, secure parking. |

## Own Miami measures

- **own.miami Building Score: 49 (B−)**
  - Value: 61 — $484/sqft — vs. South Beach condos, then all of Miami
  - Momentum: 50 — Recent price trend
  - Liquidity: 19 — 60.0 months of supply · 82 days on market
  - Health: 75 — 1 verified record: Special assessment — noted on 1 listings
  - Waterfront: 55 — Not waterfront
  - Age: 13 — Built 1966 — vs. South Beach buildings
- **Own Miami Condo Index: 79** (value; 100 = the market-median building, 200 = twice its $/sqft; rank 534 of 698 tracked Miami condos)
- **Financeability Index: 30** (limited; 12-month window, 1 recorded mortgages, — of sales bank-financed, lowest down payment —, as of 2026-10-31)
- Special-assessment outlook: elevated (next structural milestone inspection due 2031)

## Building health (verified public records)

- Public records checked 2026-10-31
- elevated: Special assessment — noted on 1 listings (2026-09-10)
- Legal & regulatory: 0 material cases active, 0 disputes active, 0 DBPR complaints (36 months)

## Frequently asked questions

**How much do condos at Octagon Towers I cost?**

There are 5 condos for sale at Octagon Towers I, from $379,000, with a median asking price of $420,000 ($484/sqft).

**How much are the HOA fees at Octagon Towers I?**

HOA / maintenance fees at Octagon Towers I run around $1,139 per month among units currently for sale; the exact fee varies by unit size and line, so confirm the current amount with the listing or the condo association.

**When was Octagon Towers I built?**

Octagon Towers I was built in 1966, 16 stories, 113 residences.

**Who developed Octagon Towers I?**

Octagon Towers I was developed by Octagon Towers Associates, A Florida General Partnership.

## Related pages

- [South Beach — neighborhood guide](https://own.miami/south-beach)
- [All units for sale at Octagon Towers I](https://own.miami/buildings/octagon-towers-i/for-sale)
- [Mirador 1000](https://own.miami/buildings/mirador-1000)
- [Mirador 1200](https://own.miami/buildings/mirador-1200)
- [Mirasol Ocean Towers](https://own.miami/buildings/mirasol-ocean-towers)
- [South Bay Club](https://own.miami/buildings/south-bay-club)

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Source: Own.Miami — https://own.miami · data as of 2026-10-16
Canonical page: https://own.miami/buildings/octagon-towers-i
License: CC BY 4.0 — https://creativecommons.org/licenses/by/4.0/
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