Octagon Towers Condos For SaleAirbnb

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. 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

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.

Great second home located in front of the miami beach convention center, just two blocks to “billionaires beach” which sits at the heart of south beach and walking distance to lincoln road which is undergoing a beautification project (see articles and links below). The unit is licensed for short term rental. Proforma gross revenue is estimated at $122k to $144k per annum (provided by two professional management firms) which translates to a 10% cap rate. Perfect for those looking to get away and clear their heads and experience a change in venue while maximizing their income. The unit features hurricane glass windows, gourmet kitchen, large master bedroom with a walking closet, modern spa style bathrooms, and may be purchased furnished. The building’s leadership is proactive and well managed. As such planned and budgeted its future projects and took the initiative to obtain a loan and have fully funded reserves. In addition, the building has set up the budget for the sirs requirement and funding. Ongoing building projects near completion elevator replacement and fire system. Most notable completed projects pool upgrade, electronic tele-entry access, cameras, structural review and repairs. Some future projects include hallway flooring and lobby upgrade.