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For sale
  • Price cut: $5K (6/1)
    $464,000

    5 Island Ave, Miami Beach, FL 33139

    1beds
    950sqft
    : 
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    Condominium
    Built in 1967
    -- sqft lot
    $-- Zestimate®
    $488/sqft
    $1,425/mo HOA

    What's special

    Functional layoutFilled with natural lightLarge volumesKayak launchHurricane-impact windowsBike storageGenerous living spaces
    Well-designed and spacious 1BD/1.5BA LANAI residence right on the bay in Miami Beach's acclaimed Sunset Harbour neighborhood. Ideally located on Belle Isle, Island Terrace is a unique waterfront building designed by renowned mid-century architect Morris Lapidus. Offering a rare ground-level entry, this pied-a-terre combines convenience and privacy with direct access to the pool deck - no elevator needed. Filled with natural light, the apartment features generous living spaces, large volumes, and a functional layout. The primary suite includes an ensuite bathroom and a walk-in closet, complemented by a guest bathroom. Enjoy a unique indoor-outdoor lifestyle with your morning coffee just steps from the bayfront. The building offers a waterfront pool with infinity views of the bay and city skyline, kayak launch, bike storage, fully equipped fitness center, elegant common areas, 24-hour front desk service, and onsite management. Pet-friendly. A Venetian Island gem, with great walkability, just a few minutes from the beaches, directly across The Standard Hotel, the condo is just a few blocks from Trader Joe’s, Fresh Market, Publix, Whole Foods, Sunset Harbour shops and restaurants, and Lincoln Road! Includes 1 assigned parking space and hurricane-impact windows. An ideal second home or primary residence combining location, comfort, and lifestyle.
    81 days
    |
    185
    |
    4
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Marine Rivierre 305-561-8636,

    One Sotheby's International Realty,

    Elisabeth Gazay 305-794-1086,

    One Sotheby's International Realty

    Source: MIAMI,MLS#: A11994765MLS 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
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Electric Range, Refrigerator, Self Cleaning Oven
      • Laundry: Common Area
      Features
      • Bar, Walk-In Closet(s)
      • Flooring: Tile, Vinyl
      • Windows: High Impact Windows, Sliding
      Interior area
      • Total structure area: 950
      • Total interior livable area: 950 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 1
      • Parking features: 1 Space, Assigned
      • Garage spaces: 1
      Features
      • Entry location: First Floor Entry
      • Exterior features: Balcony
      • Pool features: Association
      • Has view: Yes
      • View description: Other
      • Waterfront features: Bay
      • Frontage type: Bay/Harbor
      Details
      • Parcel number: 0232330440030

      Construction

      Type & style
      • Home type: Condo
      • Property subtype: Condominium
      • Attached to another structure: Yes
      Materials
      • CBS Construction
      Condition
      • Updated/Remodeled
      • Year built: 1967

      Community & HOA

      Community
      • Security: Doorman, Lobby Secured, TV Camera
      • Application fee: $150
      • Pet fee: $0
      • Subdivision: Island Terrace Condo
      HOA
      • Has HOA: Yes
      • Amenities included: Bike Storage, Laundry, Community Room, Elevator(s), Fitness Center, Pool
      • HOA fee: $1,425 monthly
      Location
      • Region: Miami Beach

      Financial & listing details

      • Price per square foot: $488/sqft
      • Tax assessed value: $682,549
      • Annual tax amount: $6,309
      • Date on market: 4/17/2026
      • Listing terms: All Cash,Conventional

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/1/2026Price change$459,000-1.1%$483/sqft
        Source: Halstead / Brown Harris Stevens #A12006110 Report a problem
        4/17/2026Listed for sale$464,000-7%$488/sqft
        Source: MIAMI #A11994765 Report a problem
        10/5/2025Listed for rent$5,000+85.2%$5/sqft
        Source: Zillow Rentals Report a problem
        6/6/2025Listing removed$499,000$525/sqft
        Source: MIAMI #A11722255 Report a problem
        4/5/2025Price change$499,000-3.1%$525/sqft
        Source: MIAMI #A11722255 Report a problem
        1/10/2025Listed for sale$515,000-7.9%$542/sqft
        Source: MIAMI #A11722255 Report a problem
        7/10/2024Listing removed--
        Source: MIAMI #A11480765 Report a problem
        3/18/2024Price change$559,000-2.8%$588/sqft
        Source: MIAMI #A11480765 Report a problem
        11/3/2023Listed for sale$575,000-39.4%$605/sqft
        Source: MIAMI #A11480765 Report a problem
        8/3/2023Sold$949,000+75.7%$999/sqft
        Source: Public Record Report a problem
        2/1/2023Sold$540,000-4.4%$568/sqft
        Source: MIAMI #A11309477 Report a problem
        12/1/2022Listed for sale$565,000+2.7%$595/sqft
        Source: MIAMI #A11309477 Report a problem
        7/25/2022Listing removed--
        Source: MIAMI #A11147516 Report a problem
        7/15/2022Price change$550,000-1.8%$579/sqft
        Source: MIAMI #A11147516 Report a problem
        6/6/2022Listed for sale$560,000$589/sqft
        Source: MIAMI #A11147516 Report a problem
        5/10/2022Contingent$560,000$589/sqft
        Source: MIAMI #A11147516 Report a problem
        4/8/2022Price change$560,000-0.9%$589/sqft
        Source: MIAMI #A11147516 Report a problem
        4/5/2022Price change$565,000-3.4%$595/sqft
        Source: MIAMI #A11147516 Report a problem
        2/8/2022Price change$585,000+6.4%$616/sqft
        Source: MIAMI #A11147516 Report a problem
        1/27/2022Price change$550,000-6.8%$579/sqft
        Source: MIAMI #A11147516 Report a problem
        1/17/2022Listed for sale$590,000+151.1%$621/sqft
        Source: MIAMI #A11147516 Report a problem
        12/2/2019Listing removed$2,700$3/sqft
        Source: Zillow Rental Manager Report a problem
        11/25/2019Price change$2,700+8%$3/sqft
        Source: Zillow Rental Manager Report a problem
        10/22/2019Listed for rent$2,500$3/sqft
        Source: Zillow Rental Manager Report a problem
        10/4/2019Sold$235,000-53.5%$247/sqft
        Source: MIAMI #A10662205 Report a problem
        6/4/2018Sold$505,000+41.1%$532/sqft
        Source: Public Record Report a problem
        12/21/2012Sold$358,000+27.3%$377/sqft
        Source: Public Record Report a problem
        3/15/2004Sold$281,300+90.3%$296/sqft
        Source: Public Record Report a problem
        5/18/2001Sold$147,800+32%$156/sqft
        Source: Public Record Report a problem
        4/28/1995Sold$112,000$118/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$12,024 -6.3%$682,549
        2024$12,826 +872.8%$682,549 +515.4%
        2023$1,319 +5.6%$110,912 +3%
        2022$1,249 +1.6%$107,682 +3%
        2021$1,228 +1.8%$104,546 +1.4%
        2020$1,206 +3.7%$103,103 +2.3%
        2019$1,163 -62.8%$100,785 -51.4%
        2018$3,128 $207,400 +2.1%
        2017$3,128 +1.2%$203,135 +2.1%
        2016$3,091 -0.7%$198,957 +0.7%
        2015$3,114 -1.6%$197,574 +0.8%
        2014$3,166 -3.9%$196,006 -11.6%
        2013$3,295 $221,803 +10.3%
        2012$3,295 +2.7%$201,175 +3%
        2011$3,208 -4.2%$195,316 +1.5%
        2010$3,349 -6.2%$192,430 -10%
        2009$3,570 -8.3%$213,810 +10.8%
        2007$3,894 -11.6%$193,032
        2006$4,408 --
        2005$4,408 +26%--
        2004$3,498 -12%--
        2003$3,974 +45.1%--
        2002$2,739 --
        2001$2,739 --

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        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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