Sold for $525,000

$525,000

5 Island Ave APT 10K, Miami Beach, FL 33139

1beds

680sqft

Condominium

Built in 1967

-- sqft lot

$479,700 Zestimate^®

$772/sqft

$3,167 Estimated rent

Home value

$479,700

$446,000 - $513,000

$3,167/mo

Zestimate^® history

Owner options

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$3,167/mo

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$3,167/mo

Rent Zestimate^®

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$4,524/mo

Est. payment

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$4,524/mo

Est. payment

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What's special

Welcome to residence 10K at Island Terrace in Miami Beach. Located in the coveted Belle Isle, this impeccably designed residence offers panoramic views of the stunning Biscayne Bay and Miami skyline. As you step into this private residence, you'll be greeted by an open-concept kitchen, Italian-designed kitchen cabinets with quartz countertops, travertine floors, impact windows, a contemporary bathroom & custom closets. Island Terrace includes a fitness center, heated pool, 24-hour concierge, & valet parking. In addition, a storage unit is included on the 10th floor. Nestled in a prime location, this is your opportunity to own a piece of paradise in one of Miami Beach's most sought-after neighborhoods.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 1
Full bathrooms: 1

Heating

Central

Cooling

Central Air

Appliances

Included: Dishwasher, Dryer, Ice Maker, Microwave, Electric Range, Refrigerator, Washer

Features

Flooring: Tile
Doors: High Impact Doors

Interior area

Total structure area: 680
Total interior livable area: 680 sqft

Property

Parking

Total spaces: 1
Parking features: 1 Space, Assigned, Covered
Garage spaces: 1

Features

Entry location: First Floor Entry
Exterior features: Balcony
Pool features: Association
Has view: Yes
View description: Bay
Has water view: Yes
Water view: Bay

Lot

Features: East Of Us1

Details

Parcel number: 0232330440890

Construction

Type & style

Home type: Condo
Property subtype: Condominium

Materials

CBS Construction

Condition

Year built: 1967

Community & HOA

Community

Security: Lobby Secured
Application fee: $100
Subdivision: Island Terrace Condo

HOA

Has HOA: Yes
Amenities included: Fitness Center, Pool
HOA fee: $831 monthly

Location

Region: Miami Beach

Financial & listing details

Price per square foot: $772/sqft
Tax assessed value: $328,336
Annual tax amount: $4,665
Date on market: 9/27/2023
Listing terms: All Cash,Conventional

Price history

Date	Event	Price
3/27/2024	Sold	$525,000-3.7%$772/sqft
Source: MIAMI #A11459768 Report a problem
3/9/2024	Pending sale	$545,000$801/sqft
Source: MIAMI #A11459768 Report a problem
2/28/2024	Contingent	$545,000$801/sqft
Source: MIAMI #A11459768 Report a problem
1/23/2024	Price change	$545,000-0.9%$801/sqft
Source: MIAMI #A11459768 Report a problem
11/5/2023	Listed for sale	$550,000$809/sqft
Source: MIAMI #A11459768 Report a problem
10/24/2023	Pending sale	$550,000$809/sqft
Source: MIAMI #A11459768 Report a problem
10/18/2023	Contingent	$550,000$809/sqft
Source: MIAMI #A11459768 Report a problem
9/27/2023	Listed for sale	$550,000+59.4%$809/sqft
Source: MIAMI #A11459768 Report a problem
3/4/2021	Sold	$345,000-4.2%$507/sqft
Source: MIAMI #A10990581 Report a problem
2/10/2021	Pending sale	$360,000$529/sqft
Source: MIAMI #A10990581 Report a problem
1/28/2021	Listed for sale	$360,000+393.2%$529/sqft
Source: MIAMI #A10990581 Report a problem
1/14/1994	Sold	$73,000$107/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,507 -22.7%	$281,855 -6.2%
2024	$5,829 +11.2%	$300,406 +10%
2023	$5,244 +12.4%	$273,097 +10%
2022	$4,665 +7%	$248,270 +10%
2021	$4,358 -0.3%	$225,700
2020	$4,369 -6.1%	$225,700 -6%
2019	$4,653 +10.7%	$240,100 +8%
2018	$4,204	$222,216 +10%
2017	$4,204 +6.7%	$202,015 +10%
2016	$3,940 +7.2%	$183,650 +10%
2015	$3,675 +15.1%	$166,955 +10%
2014	$3,194 +24.4%	$151,778 +10%
2013	$2,568	$137,980 +10%
2012	$2,568 -1.1%	$125,440
2011	$2,597 -6.2%	$125,440
2010	$2,768 -3.5%	$125,440 -10%
2009	$2,867 -50%	$139,380 -51%
2007	$5,739 +94.6%	$284,460
2006	$2,948	--
2005	$2,948 +1.7%	--
2004	$2,899 +0.5%	--
2003	$2,884 +45.1%	--
2002	$1,988	--
2001	$1,988	--