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5 Island Ave # 12C, Miami Beach FL 33139

Condo/Co-op Active With Contract
$900,000

BTC: 14.00233372

ETH: 473.02695202

101 days
Waterfront
2 bds
2 ba
1,305 sqft

Overview

Rarely available northwest corner residence at Island Terrace on Belle Isle. This 12th-floor 2-bedroom, 2-bath home features direct bay views, spectacular sunsets, and exceptional natural light from floor-to-ceiling hurricane-impact glass windows. Well maintained and ideally positioned overlooking a peaceful private park, the residence enjoys a prime Belle Isle location across from The Standard Hotel & Spa and just moments from Sunset Harbour’s top restaurants, cafes, fitness studios, and boutiques. Designed by Morris Lapidus, Island Terrace is a full-service waterfront building with a 24-hour front desk, bayfront pool, kayak launch, bike and additional storage, assigned parking, onsite management, and a pet-friendly policy. A standout opportunity to enjoy iconic Miami Beach waterfront living.

Location

Florida • Miami Beach • 33139 • Condo/Co-op • Active With Contract • Waterfront

Details

Type:
Residential
Parking:
1 Space / Assigned
Year Built:
1967
Lot:
No Data
Heating:
Central / Electric
Price/sqft:
$690
Cooling:
Central Air / Electric
HOA:
$1,923

Valuation

Our model vs. what's actually selling nearby.
Estimate
$617,000
$380K – $950K
Confidence Low
List vs. estimate
$283K above estimate
List $900,000 · +45.9%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$689
+16.0% vs. city median $594
Based on
223 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $590K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$5,352
2025
HOA
$1,923/mo
View
Bay, Intracoastal View
Waterfront
Yes
Garage
1 car garage
Pets
Restrictions Or Possible Restrictions
All facts and features

  • Flooring

    • Tile

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    • Electric

    Appliances

    • Dishwasher

    • Electric Range

    • Other Equipment/Appliances

    • Refrigerator

    Other interior features

    • First Floor Entry

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 2

  • Parking

    • 1 Space

    • Assigned

    Property

    • Exterior Features: Open Balcony / Other

    Other Property Information

    • Parcel Number: 02-32-33-044-1020

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $1,923

    • HOA Frequency: Monthly

    • Annual tax amount: $5,352

  • Source details

    • MLS ID: A12004266

    Other facts

    • Construction Materials: CBS Construction

    • Laundry Features: Common Area

    • Patio And Porch Features: Open Balcony

    • Window Features: Blinds / Other Windows

    • Architectural Style: Corner Unit

    • Waterfront: Yes

    • Garage Spaces: 1

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 1305

    • Subdivision Name: ISLAND TERRACE CONDO

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33139
1,003
median $550K
Active
Same city
Miami Beach
2,428
median $602K
Active
Same type
Condo/Co-op
1,814
median $509K
Active
Similar price
$630K – $1.2M
431
median $836K
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: One Sotheby's International Realty