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.
For sale
Price cut: $5K (6/1)
$464,000
5 Island Ave, Miami Beach, FL 33139
1beds
950sqft
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
- 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#: A11994765
Originating 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
| Date | Event | Price |
|---|---|---|
| 6/1/2026 | Price change | $459,000-1.1%$483/sqft |
Source: | ||
| 4/17/2026 | Listed for sale | $464,000-7%$488/sqft |
Source: | ||
| 10/5/2025 | Listed for rent | $5,000+85.2%$5/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/6/2025 | Listing removed | $499,000$525/sqft |
Source: | ||
| 4/5/2025 | Price change | $499,000-3.1%$525/sqft |
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| 1/10/2025 | Listed for sale | $515,000-7.9%$542/sqft |
Source: | ||
| 7/10/2024 | Listing removed | -- |
Source: | ||
| 3/18/2024 | Price change | $559,000-2.8%$588/sqft |
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| 11/3/2023 | Listed for sale | $575,000-39.4%$605/sqft |
Source: | ||
| 8/3/2023 | Sold | $949,000+75.7%$999/sqft |
Source: Public Record Report a problem | ||
| 2/1/2023 | Sold | $540,000-4.4%$568/sqft |
Source: | ||
| 12/1/2022 | Listed for sale | $565,000+2.7%$595/sqft |
Source: | ||
| 7/25/2022 | Listing removed | -- |
Source: | ||
| 7/15/2022 | Price change | $550,000-1.8%$579/sqft |
Source: | ||
| 6/6/2022 | Listed for sale | $560,000$589/sqft |
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| 5/10/2022 | Contingent | $560,000$589/sqft |
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| 4/8/2022 | Price change | $560,000-0.9%$589/sqft |
Source: | ||
| 4/5/2022 | Price change | $565,000-3.4%$595/sqft |
Source: | ||
| 2/8/2022 | Price change | $585,000+6.4%$616/sqft |
Source: | ||
| 1/27/2022 | Price change | $550,000-6.8%$579/sqft |
Source: | ||
| 1/17/2022 | Listed for sale | $590,000+151.1%$621/sqft |
Source: | ||
| 12/2/2019 | Listing removed | $2,700$3/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 11/25/2019 | Price change | $2,700+8%$3/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 10/22/2019 | Listed for rent | $2,500$3/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 10/4/2019 | Sold | $235,000-53.5%$247/sqft |
Source: | ||
| 6/4/2018 | Sold | $505,000+41.1%$532/sqft |
Source: Public Record Report a problem | ||
| 12/21/2012 | Sold | $358,000+27.3%$377/sqft |
Source: Public Record Report a problem | ||
| 3/15/2004 | Sold | $281,300+90.3%$296/sqft |
Source: Public Record Report a problem | ||
| 5/18/2001 | Sold | $147,800+32%$156/sqft |
Source: Public Record Report a problem | ||
| 4/28/1995 | Sold | $112,000$118/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 | $2,739 | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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.
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Climate risks
Neighborhood: Belle Isle
Nearby schools
GreatSchools rating
- 10/10North Beach Elementary SchoolGrades: PK-5Distance: 2 mi
- 5/10Nautilus Middle SchoolGrades: 6-8Distance: 1.9 mi
- 5/10Miami Beach Senior High SchoolGrades: 9-12Distance: 1.2 mi
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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