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5 Island Ave # 2F, Miami Beach FL 33139

Condo/Co-op For Sale
$499,995

BTC: 7.81242188

ETH: 286.36597938

7 days
Waterfront
1 bds
1 ba
950 sqft

Overview

Experience elevated Miami living in this fully remodeled residence on prestigious Belle Isle, offering breathtaking bay and downtown skyline views. This immaculate 1-bedroom, 1 full bath + 1 half bath home blends modern elegance with effortless coastal living. Featuring an open-concept layout with high ceilings and abundant natural light, the residence showcases sophisticated finishes, warm wood flooring, and a bright, airy ambiance throughout. The designer kitchen is thoughtfully appointed with quartz countertops, custom cabinetry, and stainless steel appliances, seamlessly flowing into the living and dining spaces—perfect for both everyday living and entertaining. Located in an iconic Morris Lapidus building on the sought-after Venetian Islands, residents enjoy resort-style amenities including 24/7 front desk service, fitness center, waterfront pool, and assigned parking. Ideally situated just steps from The Standard Hotel and within walking distance to Sunset Harbour, top dining, boutique shopping, fitness studios, Publix, Trader Joe’s, and Lincoln Road. Whether as a primary residence, vacation retreat, or investment opportunity, this turnkey residence offers luxury, convenience, and the best of Miami living. Water, cable, and internet.

Location

Details

Type:
Residential
Parking:
1 Space
Year Built:
1967
Lot:
No Data
Heating:
Central / Electric
Price/sqft:
$526
Cooling:
Central Air / Electric
HOA:
$1,425

Valuation

Our model vs. what's actually selling nearby.
Estimate
$420,000
$289K – $662K
Confidence Low
List vs. estimate
$79K above estimate
List $499,995 · +19.0%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$526
-11.8% vs. city median $596
Based on
897 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $547K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$8,081
2024
HOA
$1,425/mo
View
Water View
Waterfront
Ocean Access
Garage
1 car garage
Pets
Not allowed
All facts and features
  • Flooring

    • Wood

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    • Electric

    Appliances

    • Dishwasher

    • Electric Water Heater

    • Microwave

    • Electric Range

    • Refrigerator

    Other interior features

    • No Interior Features

    Bedrooms and bathrooms

    • Bedrooms: 1

    • Bathrooms: 1

    • Full bathrooms: 1

  • Parking

    • 1 Space

    Other Property Information

    • Parcel Number: 02-32-33-044-0090

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $1,425

    • HOA Frequency: Monthly

    • Annual tax amount: $8,081

  • Source details

    • MLS ID: A12025234

    Other facts

    • Construction Materials: CBS Construction

    • Laundry Features: Common Area

    • Window Features: High Impact Windows / Impact Glass

    • Architectural Style: High Rise

    • Waterfront: Yes

    • Garage Spaces: 1

    • Garage: Yes

    • Living Area: 950

    • Subdivision Name: ISLAND TERRACE CONDO

Private inquiry
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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: Douglas Elliman