Sold for $450,000

$450,000

5 Island Ave APT 4K, Miami Beach, FL 33139

1beds

680sqft

Condominium

Built in 1967

-- sqft lot

$444,500 Zestimate^®

$662/sqft

$3,167 Estimated rent

Home value

$444,500

$404,000 - $489,000

$3,167/mo

Zestimate^® history

Owner options

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$3,167/mo

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$3,167/mo

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$3,118/mo

Est. payment

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$3,118/mo

Est. payment

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What's special

Prime waterfront locationHeated bayfront poolEnclosed balconyLarge serving islandModern open kitchen

Luxury living on Biscayne Bay across from the Standard Hotel. This beautiful, recently renovated residence offers easy living in a prime waterfront location on Miami Beaches sought after Belle Isle. The enclosed balcony offers additional living space, making the unit larger than the tax record but still affords sweeping views over Belle Isle and the Standard Hotel. New large format porcelain tile floors, modern open kitchen with large serving island and modern bath with glass shower. A Morris Lapidus designed building, 5 Island offers a heated bay front pool, fitness center and 24-hour front desk with onsite management. Your chance to live in one of Miami Beaches most coveted neighborhoods of Belle Isle, an easy walk to Sunset Harbour & Lincoln Rd.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 1
Full bathrooms: 1

Heating

Central

Cooling

Central Air

Appliances

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

Features

Lobby, Elevator
Flooring: Ceramic Tile
Windows: Blinds

Interior area

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

Property

Parking

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

Features

Patio & porch: Patio
Pool features: Association
Has view: Yes
View description: Bay, Garden
Has water view: Yes
Water view: Bay
Waterfront features: Bay
Frontage type: Bay/Harbor

Lot

Features: East Of Us1

Details

Parcel number: 0232330440290

Construction

Type & style

Home type: Condo
Property subtype: Condominium
Attached to another structure: Yes

Materials

Concrete Block Construction

Condition

Updated/Remodeled
Year built: 1967

Community & HOA

Community

Security: Doorman, Lobby Secured
Application fee: $150
Pet fee: $0
Subdivision: Island Terrace Condo

HOA

Has HOA: Yes
Amenities included: Laundry, Elevator(s), Fitness Center, Storage, Pool

Location

Region: Miami Beach

Financial & listing details

Price per square foot: $662/sqft
Tax assessed value: $309,280
Annual tax amount: $3,774
Date on market: 3/25/2024
Listing terms: All Cash,Conventional

Price history

Date	Event	Price
4/15/2025	Sold	$450,000$662/sqft
Source: MIAMI #A11556197 Report a problem
2/15/2025	Price change	$450,000-6.3%$662/sqft
Source: MIAMI #A11556197 Report a problem
11/7/2024	Price change	$480,000-3%$706/sqft
Source: MIAMI #A11556197 Report a problem
3/26/2024	Listed for sale	$495,000+80%$728/sqft
Source: MIAMI #A11556197 Report a problem
12/21/2021	Sold	$275,000-6.8%$404/sqft
Source: MIAMI #A11076602 Report a problem
11/24/2021	Pending sale	$295,000$434/sqft
Source: MIAMI #A11076602 Report a problem
11/9/2021	Price change	$295,000+9.7%$434/sqft
Source: MIAMI #A11076602 Report a problem
9/20/2021	Pending sale	$269,000$396/sqft
Source: MIAMI #A11076602 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,008 +3.1%	$255,295 +2.9%
2024	$3,888 +3%	$248,101 +3%
2023	$3,774 +4.3%	$240,875 +3%
2022	$3,619 -11.8%	$233,860 +10%
2021	$4,105 -0.3%	$212,600
2020	$4,116 -6.1%	$212,600 -6%
2019	$4,383 +8.5%	$226,200 +5.3%
2018	$4,039	$214,809 +5%
2017	$4,039 +3.7%	$204,580
2016	$3,896 +11.5%	$204,580 +28.9%
2015	$3,493 +15.1%	$158,679 +10%
2014	$3,035 +24.4%	$144,254 +10%
2013	$2,440	$131,140 +10%
2012	$2,440 -1.1%	$119,220
2011	$2,468 -6.2%	$119,220
2010	$2,631 -3.5%	$119,220 -10%
2009	$2,725 -50%	$132,470 -51%
2007	$5,454 +44.6%	$270,350
2006	$3,773	--
2005	$3,773 +12.8%	--
2004	$3,343 +22%	--
2003	$2,741 +45.1%	--
2002	$1,889	--
2001	$1,889	--