1-Bed Condominium at ISLAND TERRACE CONDO in Miami Beach

$464,000

Listing courtesy of One Sotheby's International Realty; Marine Rivierre. Information from the Southeast Florida Multiple Listing Service is deemed reliable but is not guaranteed accurate.

For Sale
bedroom

1

bathroom

1

Square Footage

950

Type of Property

Condominium, Residential

Details

Overview

Sub Type
Condominium
Price Per Sqft
$488/sqft
Built In
1967
Association Fee
$1,425/mo HOA
Taxes
$6,309/yr

Description

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.

This condominium home located at 5 Island Ave, Miami Beach FL 33139 is currently for sale and has been available on Brickellsold for 95 days. This property is listed at $464K. It has 1 beds, 1 bathrooms, and is 950 square feet. It was built in 1967. 5 Island Ave, Miami Beach FL 33139 is in Miami Beach county Miami-Dade County.

Interior

Bedrooms
1
Bathrooms
2
Bathrooms Full
1
Features
  • Flooring: Tile, Vinyl
  • Common walls with other units/homes:
Heating
Central
Cooling
Central Air
Appliances
Dishwasher, Electric Range, Refrigerator, Self Cleaning Oven
Total structure area
950
Total interior livable area
950 sqft

Property

Parking
  • Covered Spaces: 1
  • Parking Features: 1 Space,Assigned
  • Garage Spaces: 1
Parcel Number
02-32-33-044-0030
Features
  • Entry location: First Floor Entry, Bar, Walk-In Closet(s)
  • Exterior Features: Open Balcony
  • Has View: Yes
  • View Description: Other View

Construction

Property subtype
Condominium, Residential
Attached to another structure
Yes
Materials
CBS Construction
Condition
  • Year Built: 1967

Community & HOA

Community
  • Security Features: Doorman, Lobby Secured, TV Camera
  • Subdivision: ISLAND TERRACE CONDO
HOA
  • Has HOA: Yes
  • Amenities: Bike Storage, Laundry, Community Room, Elevator(s), Exercise Room, Pool
  • HOA Fees: $1,425/mo
Region
Miami Beach

Financial

Price Per Sqft
$488/sqft
Taxes
$6,309/yr
Association Fee
$1,425/mo
On Market Date
4/16/2026
Listing Terms
All Cash, Conventional

Metadata

Added
4/17/2026
Updated
8/19/2026
MLS#
A11994765
Days on Market
95
Listed By
One Sotheby's International Realty
Originating MLS
A-Miami Association of REALTORS

Neighborhood Insights

School and crime data are from public sources and are informational only.

Nearby Schools

Within 5 miles

  • Miami Beach Adult & Community Education Center 0.0 mi • K-12
  • Miami Beach Fienberg/Fisher K-8 Center 0.0 mi • K-12
  • Miami Beach Senior High 0.0 mi • K-12
  • Miami Beach South Pointe Elementary 0.0 mi • K-12
  • Miami Beach Nautilus Middle 0.0 mi • K-12
  • North Beach Elementary 0.0 mi • K-12

Nearby Hospitals

Within 3 miles

No nearby hospitals found.

Crime Overview

Crime data unavailable for this area.

Map

Price History

EventPriceDate
Original list price$464,000Apr 17, 2026

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