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$499,995 Just Listed

  • For Sale
  • Active
  • Condo
  • 1 Bed
  • 1 Full Bath
  • 1 Partial Bath
  • 950 Sq. Ft.
  • Updated 3 hours ago
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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.

Full Property Details for 5 Island Ave #2F

General

  • Price: $499,995
  • HOA FEE: $1,425/month
  • Taxes: $8,081 (2024)
  • Status: Active
  • Type: Condo
  • Source: Greater_Miami
  • MLS ID: A12025234
  • Updated: 5/29/2026
  • Added to Site: 2 day(s) ago

Interior

  • Interior Features: No Interior Features
  • Appliances: Dishwasher, Electric Water Heater, Microwave, Electric Range, Refrigerator
  • Flooring: Wood

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 1
  • Bedroom Features: None

Other Rooms

  • Laundry: Common Area

Additional Information

  • Shared Amenities: Bike Storage, Clubhouse-Clubroom, Laundry, Exercise Room, Pool
  • Maint. Includes: All Amenities, Common Area, Elevator, Insurance, Landscaping/Lawn Maintenance, Laundry Facilities, Manager, Pest Control Interior, Pool Service, Recreation Facilities, Sewer, Trash Removal, Water
  • Security/Safety: Smoke Detector, Doorman, Elevator Secure

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Covered Spaces: 1
  • Parking Features: 1 Space

Location

  • Area: Island Terrace Condo
  • County: Miami-Dade County
  • Subdivision: ISLAND TERRACE CONDO
  • Building Name: Island Terrace condo

School Information

  • Elementary School: North Beach
  • Middle School: Nautilus
  • High School: Miami Beach

Community

  • Community Name: Island Terrace Condo
  • Association: Yes

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Central Air, Electric
  • Heating Type: Central, Electric

Structural Information

  • Architectural Style: High Rise
  • Structure Type: Condo 5+ Stories, Condo
  • Detached/Attached: Attached
  • Construction: CBS Construction
  • Windows: High Impact Windows, Impact Glass
  • Doors: High Impact Doors
  • Entry Floor Number: 5
  • Building Size: 950
  • Square Feet: 950
  • Living Area: 950 Sq. Ft.
  • Year Built: 1967

Lot Features

  • Property View: Water View

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Desc.: Ocean Access

Financial Considerations

  • Price Per Sq. Ft.: $526.31
  • Association Fee: $1,425
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $8,081
  • Tax Year: 2024
  • Terms: All Cash, Conventional

Disclosures and Reports

  • Legal Description: ISLAND TERRACE CONDO UNIT 2-F UNDIV .6481% INT IN COMMON ELEMENTS CLERKS FILE 74R-239278 OR 14814-417 1290 4
  • Restrictions: No Daily Rentals, No Lease-1st Year Owned
  • Inclusions: Other
  • Property ID: 02-32-33-044-0090

Listed by Douglas Elliman

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Listing agent

— 5 Island Ave #2F —

  • Douglas Elliman

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5 Island Ave #2F

School District:Dade County School District
NameGradesDistance
North Beach Elementary School
4100 Prairie Avenue, Miami Beach, FL 33140
PK-52 mi
Nautilus Middle School
4301 N Michigan Ave, Miami Beach, FL 33140
6-81.9 mi
Miami Beach Senior High School
2231 Prairie Avenue, Miami Beach, FL 33139
9-121.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5 Island Ave #2F Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/27/2026
Listed
$499,995
104.08%
MLS
9/21/2022
Sold
$245,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5 Island Ave #2F

Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,490
1%
$452,539
—
2024
$8,405
10%
$452,539
12%
2023
$7,635
999%
$404,053
279%
2021
$695
-3%
$106,718
-3%
2022
$719
3%
$109,919
4%
2021
$695
10%
$105,245
2%
2019
$631
12%
$102,879
2%
2018
$561
1%
$100,961
2%
2017
$556
-2%
$98,885
2%
2016
$567
-3%
$96,852
1%
2015
$583
-3%
$96,179
1%
2014
$603
2%
$95,416
1%
2013
$592
—
$94,006
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 5 Island Ave #2F

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Douglas Elliman

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5 Island Ave #2F, Miami Beach, FL 33139 (MLS# A12025234) is a Condo property with 1 bedroom, 1 full bathroom and 1 partial bathroom. 5 Island Ave #2F is currently listed for $499,995 and was received on May 27, 2026. Want to learn more about 5 Island Ave #2F? Do you have questions about finding other Condo real estate for sale in Miami Beach? You can browse all Miami Beach real estate or contact a Coldwell Banker agent to request more information.

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