Sell Your Home
Get a free home valuation
Contact
Tell us about your needs

5 Island Ave, Miami Beach FL 33139

Condo/Co-op For Sale
$449,000

BTC: 5.86468130

ETH: 199.55555556

2 days
Waterfront
1 bds
1 ba
950 sqft

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 bay front. 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 & restaurants,and Lincoln Road! Includes 1 assigned parking space and hurricane-impact windows. An ideal primary residence or second home combining location, comfort and lifestyle.

Location

Details

Type:
Residential
Parking:
1 Space / Assigned
Year Built:
1967
Lot:
No Data
Heating:
Central
Price/sqft:
$473
Cooling:
Central Air
HOA:
$1,425

Valuation

Our model vs. what's actually selling nearby.
Estimate
$420,000
$295K – $679K
Confidence Low
List vs. estimate
$29K above estimate
List $449,000 · +6.9%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$472
-22.1% vs. city median $606
Based on
979 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $702K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$6,309
2025
HOA
$1,425/mo
View
Other View
Waterfront
Yes
Garage
1 car garage
Pets
Restrictions Or Possible Restrictions
All facts and features
  • Flooring

    • Tile

    • Vinyl

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Electric Range

    • Refrigerator

    • Self Cleaning Oven

    Other interior features

    • First Floor Entry

    • Bar

    • Walk-In Closet(s)

    Bedrooms and bathrooms

    • Bedrooms: 1

    • Bathrooms: 1

    • Full bathrooms: 1

  • Parking

    • 1 Space

    • Assigned

    Property

    • Exterior Features: Open Balcony

    Other Property Information

    • Parcel Number: 02-32-33-044-0030

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $1,425

    • HOA Frequency: Monthly

    • Annual tax amount: $6,309

  • Source details

    • MLS ID: A12115533

    Other facts

    • Construction Materials: CBS Construction

    • Laundry Features: Common Area

    • Patio And Porch Features: Open Balcony

    • Window Features: High Impact Windows / Sliding

    • Waterfront: Yes

    • Garage Spaces: 1

    • Garage: Yes

    • Living Area: 950

    • 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.

More like this

For Sale
$385,900
Condo/Co-op
1 bds · 1 ba · 640 sqft
Baltus House, Miami
4250 Biscayne Blvd # 915, Miami FL 33137
For Sale
$335,000
Condo/Co-op
1 bds · 1 ba · 964 sqft
THE CARRIAGE CLUB NORTH C, Miami Beach
5005 Collins Ave # 625, Miami Beach FL 33140
For Sale
$375,000
Condo/Co-op
1 bds · 1 ba · 674 sqft
ISOLA CONDO, Miami
770 Claughton Island Dr # 806, Miami FL 33131
New
For Sale
$410,000
Condo/Co-op
1 bds · 1 ba · 757 sqft
CHARTER CLUB CONDO, Miami
600 NE 36TH Street # T8, Miami FL 33137
New
For Sale
$399,000
Condo/Co-op
1 bds · 1 ba · 825 sqft
OPERA TOWER CONDO, Miami
1750 N Bayshore Dr # 5409, Miami FL 33132
New
For Sale
$410,000
Condo/Co-op
1 bds · 1 ba · 730 sqft
VILLA LUCCA SOUTH CONDO, Miami Beach
935 10th St # 2, Miami Beach FL 33139
New
For Sale
$485,000
Condo/Co-op
1 bds · 1 ba · 535 sqft
THE DECOPLAGE CONDO, Miami Beach
100 Lincoln Rd # 1218, Miami Beach FL 33139
New
For Sale
$529,000
Condo/Co-op
1 bds · 1 ba · 962 sqft
MIRADOR 1000 CONDO,Mirador 1000 Condo, Miami Beach
1000 West Ave # 610, Miami Beach FL 33139

Market around this address

Live counts in the same area.
View all

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