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For sale
  • Price cut: $11K (7/2)
    $489,000

    5 Island Ave APT 2F, Miami Beach, FL 33139

    1beds
    950sqft
    : 
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    Condominium
    Built in 1967
    -- sqft lot
    $463,300 Zestimate®
    $515/sqft
    $1,425/mo HOA

    What's special

    Waterfront poolSophisticated finishesAbundant natural lightFully remodeled residenceQuartz countertopsHigh ceilingsOpen-concept layout
    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.
    51 days
    |
    141
    |
    11
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Barbara Estela 786-239-4227,

    Douglas Elliman

    Source: MIAMI,MLS#: A12025234MLS LogoOriginating MLS: A-Miami Association of REALTORS

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      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: $515/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

        $463,300

        $440,000 - $486,000

        $4,735/mo

        Price history

        DateEventPrice
        7/2/2026Price change$489,000-2.2%$515/sqft
        Source: MIAMI #A12025234 Report a problem
        5/27/2026Listed for sale$499,995+104.1%$526/sqft
        Source: MIAMI #A12025234 Report a problem
        10/12/2022Sold$245,000$258/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax 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

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Belle Isle

        Getting around

        68 / 100
        Somewhat Walkable
        35 / 100
        Some Transit
        76 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        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.

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