Condominium

5 Island Ave

5 Island Ave, Miami Beach FL 33139

$464,000

For Sale

1 Bed · 1 Bath · 950 SqFt

See estimated monthly cost

This listing is courtesy of One Sotheby's International Realty. Marine Rivierre

Overview

Well-designed and spacious 1BD/1.5BA LANAI residence right on the bay in Miami Beach's acclaimed Sunset Harbour neighborhood. Ideally located on Belle Isle, Island Terrace is a unique waterfront building designed by renowned mid-century architect Morris Lapidus. Offering a rare ground-level entry, this pied-a-terre combines convenience and privacy with direct access to the pool deck - no elevator needed. Filled with natural light, the apartment features generous living spaces, large volumes, and a functional layout. The primary suite includes an ensuite bathroom and a walk-in closet, complemented by a guest bathroom. Enjoy a unique indoor-outdoor lifestyle with your morning coffee just steps from the bayfront. The building offers a waterfront pool with infinity views of the bay and city skyline, kayak launch, bike storage, fully equipped fitness center, elegant common areas, 24-hour front desk service, and onsite management. Pet-friendly. A Venetian Island gem, with great walkability, just a few minutes from the beaches, directly across The Standard Hotel, the condo is just a few blocks from Trader Joe’s, Fresh Market, Publix, Whole Foods, Sunset Harbour shops and restaurants, and Lincoln Road! Includes 1 assigned parking space and hurricane-impact windows. An ideal second home or primary residence combining location, comfort, and lifestyle.

Facts & features

Interior

Living area (sq ft): 950
Full bathrooms: 1
Half bathrooms: 1

First Floor Entry
Bar
Walk-In Closet(s)

Building & exterior

Year built: 1967
Garage spaces: 1
Covered spaces: 1
Waterfront: Yes

Other View
Open Balcony
1 Space
Assigned

HOA (homeowners association)

Association fee: $1,425 per month
Pets allowed: Yes

Bike Storage
Laundry
Community Room
Elevator(s)
Exercise Room
Pool
Renting Limited
See Broker Remarks
Restrictions Or Possible Restrictions

Taxes

Annual tax: $6,309
Tax year: 2025
Parcel number: 02-32-33-044-0030

Assigned schools

Elementary: North Beach
Middle: Nautilus
High: Miami Beach

Listing

MLS number: A11994765
Property type: Condominium
Price per SqFt: $488
Subdivision: ISLAND TERRACE CONDO
On market since: Apr 17, 2026
Days on market: 95

Estimated monthly cost

$4,645 per month

Down payment (%)

Interest rate (%)

Principal & interest (30 yr): $2,346
Property tax: $526
Insurance (estimated): $348
Association fee: $1,425

An estimate for comparison only — not a loan offer, a quote, or a commitment to lend. Actual taxes, insurance and financing terms will differ.

Location

Show nearby schools

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Nearby schools

Lincoln-Marti Community Agency 41 Private · PK-03 · 0.72 mi
Lubavitch Educational Center - Yeshiva Gedolah Private · 01-12 · 0.75 mi

$475,000 View details

Price cut: $14,000 (−2.9%)

Douglas Elliman

For Sale

3 Island Ave # 06K, Miami Beach FL 33139

1 Bed · 1 Bath · 861 Sq Ft

$1,211/mo HOA

$495,888 View details

Coldwell Banker Realty

For Sale

3 Island Ave # 14A, Miami Beach FL 33139

0 Beds · 1 Bath · 544 Sq Ft

$884/mo HOA

$350,000 View details

3D Tour

Silverleaf Realty Group

For Sale

3 Island Ave # 09L, Miami Beach FL 33139

1 Bed · 1 Bath · 858 Sq Ft

$0/mo HOA

$495,888 View details

Coldwell Banker Realty

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