Sold for $440,000

$440,000

5 Island Ave APT 3K, Miami Beach, FL 33139

1beds

680sqft

Condominium

Built in 1967

-- sqft lot

$427,100 Zestimate^®

$647/sqft

$3,167 Estimated rent

Home value

$427,100

$393,000 - $466,000

$3,167/mo

Zestimate^® history

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$3,167/mo

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$3,829/mo

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$3,829/mo

Est. payment

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What's special

Brand new gymLaundry facilitiesLincoln roadOpen kitchenStandard hotelWalk-in closet

Fully remodeled gem in the heart of Belle Isle, one of the most sought after neighborhoods in South Beach, located just a quick walk away from Sunset Harbor, Lincoln Road, and exclusive Venetian Islands. This gorgeous fully furnished one-bedroom, one-bathroom condo features an open kitchen, a walk-in closet, one assigned parking spot, and a balcony with views of Biscayne bay, the Standard hotel and Belle Isle park. Internet and cable are included in the HOA, and the unit comes with a storage space located on the same floor. Laundry facilities next door to the unit. Island Terrace is a quiet boutique building with a brand new gym, a beautiful pool overlooking the bay, 24-hour front desk/security, management on site, bike/paddle board storage etc. Assessment ($27,500) was paid by seller.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 1
Full bathrooms: 1

Heating

Central

Cooling

Central Air

Appliances

Included: Dishwasher, Microwave, Electric Range, Refrigerator
Laundry: Common Area

Features

Built-in Features, Closet Cabinetry, Kitchen Island, Elevator
Flooring: Vinyl
Windows: Blinds

Interior area

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

Property

Parking

Total spaces: 1
Parking features: 1 Space, Assigned, Guest, Limited # Of Vehicle, No Rv/Boats
Garage spaces: 1

Features

Entry location: First Floor Entry
Exterior features: Balcony
Has view: Yes
View description: Bay, Garden, Other
Has water view: Yes
Water view: Bay
Waterfront features: Bay
Frontage type: Bay/Harbor

Details

Parcel number: 0232330440190

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, Card Entry, Security Guard, Lobby Secured
Application fee: $100
Subdivision: Island Terrace Condo

HOA

Has HOA: Yes
Amenities included: Bike Storage, Laundry, Community Room, Fitness Center, Pool
HOA fee: $741 monthly

Location

Region: Miami Beach

Financial & listing details

Price per square foot: $647/sqft
Tax assessed value: $306,370
Annual tax amount: $4,893
Date on market: 12/5/2023
Listing terms: All Cash,Cash,Conventional

Price history

Date	Event	Price
1/24/2024	Sold	$440,000-9.3%$647/sqft
Source: MIAMI #A11495983 Report a problem
1/10/2024	Pending sale	$485,000$713/sqft
Source: MIAMI #A11495983 Report a problem
10/24/2023	Listed for sale	$485,000$713/sqft
Source: MIAMI #A11417137 Report a problem
9/13/2023	Listing removed	--
Source: MIAMI #A11417127 Report a problem
7/26/2023	Listing removed	--
Source: MIAMI #A11417137 Report a problem
7/12/2023	Listed for sale	$485,000-8.5%$713/sqft
Source: MIAMI #A11417137 Report a problem
4/28/2023	Listing removed	--
Source: MIAMI #A11327866 Report a problem
1/24/2023	Listing removed	--
Source: Zillow Rentals Report a problem
1/19/2023	Listed for sale	$530,000+6%$779/sqft
Source: MIAMI #A11327866 Report a problem
11/29/2022	Listed for rent	$3,750$6/sqft
Source: Zillow Rental Network_1 #A11307735 Report a problem
8/5/2022	Listing removed	--
Source: MIAMI #A11180677 Report a problem
5/27/2022	Listed for sale	$500,000$735/sqft
Source: MIAMI #A11180677 Report a problem
5/25/2022	Pending sale	$500,000$735/sqft
Source: MIAMI #A11180677 Report a problem
5/13/2022	Listing removed	--
Source: Zillow Rental Network_1 Report a problem
3/27/2022	Listed for sale	$500,000+163.2%$735/sqft
Source: MIAMI #A11180677 Report a problem
7/2/2021	Sold	$190,000$279/sqft
Source: Public Record Report a problem
1/29/2021	Sold	$190,000-26.6%$279/sqft
Source: MIAMI #A10818717 Report a problem
1/19/2021	Listed for sale	$259,000$381/sqft
Source: Keller Williams #A10818717 Report a problem
1/13/2021	Pending sale	$259,000$381/sqft
Source: Keller Williams Realty Premier #A10818717 Report a problem
8/26/2020	Price change	$259,000-14.8%$381/sqft
Source: MIAMI #A10818717 Report a problem
3/11/2020	Price change	$304,000-7.6%$447/sqft
Source: Keller Williams Realty Premier #A10818717 Report a problem
2/17/2020	Listed for sale	$329,000$484/sqft
Source: Keller Williams Realty Premier #A10818717 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,748 +5.7%	$306,370 +9.3%
2024	$5,439 +11.2%	$280,308 +10%
2023	$4,893 +12.4%	$254,826 +10%
2022	$4,353 +7%	$231,660 +10%
2021	$4,066 -0.3%	$210,600
2020	$4,077 -6.1%	$210,600 -6%
2019	$4,341 +9.6%	$224,000 +7%
2018	$3,961	$209,343 +10%
2017	$3,961 +6.7%	$190,312 +10%
2016	$3,711 +7.2%	$173,011 +10%
2015	$3,463 +15.1%	$157,283 +10%
2014	$3,009 +24.4%	$142,985 +10%
2013	$2,419	$129,987 +10%
2012	$2,419 -1.1%	$118,170
2011	$2,446 -6.2%	$118,170
2010	$2,608 -3.5%	$118,170 -10%
2009	$2,701 -50%	$131,300 -51%
2007	$5,406 +44.6%	$267,960
2006	$3,739	--
2005	$3,739 +12.8%	--
2004	$3,314 +22%	--
2003	$2,717 +45.1%	--
2002	$1,872	--
2001	$1,872	--