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.
For sale
Price cut: $14K (8/18)
$475,000
5 Island Ave APT 2F, Miami Beach, FL 33139
1beds
950sqft
Condominium
Built in 1967
-- sqft lot
$451,100 Zestimate®
$500/sqft
$1,425/mo HOA
What's special
Waterfront poolSophisticated finishesAbundant natural lightFully remodeled residenceQuartz countertopsHigh ceilingsOpen-concept layout
- 99 days
- 317
- 18
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Barbara Estela 786-239-4227,
Douglas Elliman
Source: MIAMI,MLS#: A12025234
Originating MLS: A-Miami Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Heating
- Central, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Dishwasher, Electric Water Heater, Microwave, Electric Range, Refrigerator
- Laundry: Common Area
Features
- Flooring: Wood
- Doors: High Impact Doors
- Windows: High Impact Windows, Impact Glass
Interior area
- Total structure area: 950
- Total interior livable area: 950 sqft
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: 1 Space
- Garage spaces: 1
Features
- Pool features: Association
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Ocean Access
Details
- Parcel number: 0232330440090
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- CBS Construction
Condition
- Year built: 1967
Community & HOA
Community
- Security: Smoke Detector, Doorman, Elevator Secure
- Application fee: $100
- Subdivision: Island Terrace Condo
HOA
- Has HOA: Yes
- Amenities included: Bike Storage, Clubhouse-Clubroom, Laundry, Fitness Center, Pool
- HOA fee: $1,425 monthly
Location
- Region: Miami Beach
Financial & listing details
- Price per square foot: $500/sqft
- Tax assessed value: $452,539
- Annual tax amount: $8,081
- Date on market: 5/27/2026
- Listing terms: All Cash,Conventional
Estimated market value
$451,100
$429,000 - $474,000
$4,319/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/18/2026 | Price change | $475,000-2.9%$500/sqft |
Source: | ||
| 7/2/2026 | Price change | $489,000-2.2%$515/sqft |
Source: | ||
| 5/27/2026 | Listed for sale | $499,995+104.1%$526/sqft |
Source: | ||
| 10/12/2022 | Sold | $245,000$258/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,490 +1% | $452,539 +1.8% |
| 2024 | $8,405 +10.1% | $444,458 +10% |
| 2023 | $7,635 +962.4% | $404,053 +267.6% |
| 2022 | $719 +3.4% | $109,919 +3% |
| 2021 | $695 +3.1% | $106,718 +1.4% |
| 2020 | $674 +6.8% | $105,245 +2.3% |
| 2019 | $631 +12.4% | $102,879 +1.9% |
| 2018 | $561 | $100,961 +2.1% |
| 2017 | $561 +0.9% | $98,885 +2.1% |
| 2016 | $556 -4.5% | $96,852 +0.7% |
| 2015 | $583 -3.4% | $96,179 +0.8% |
| 2014 | $603 +4% | $95,416 +1.5% |
| 2013 | $580 | $94,006 +1.7% |
| 2012 | $580 +4.2% | $92,435 +3% |
| 2011 | $557 -1.9% | $89,743 +1.5% |
| 2010 | $568 +7% | $88,417 +2.7% |
| 2009 | $530 -14.9% | $86,093 +912.6% |
| 2007 | $623 -34.2% | $8,502 |
| 2006 | $946 | -- |
| 2005 | $946 +4.1% | -- |
| 2004 | $910 +8.1% | -- |
| 2003 | $841 -8.3% | -- |
| 2002 | $917 | -- |
| 2001 | $917 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Belle Isle
Nearby schools
Schools provided by the listing agent
- Elementary: North Beach
- Middle: Nautilus
- High: Miami Beach
Source: MIAMI. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.









